Cedar Realty Trust (CDR) Misses Q1 EPS by 1c

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Cedar Realty Trust Reports First Quarter 2019 Results

May 2, 2019 4:05 PM EDT

PORT WASHINGTON, N.Y., May 2, 2019 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR the "Company") today reported results for the first quarter ended March 31, 2019. Net income attributable to common shareholders was $0.00 per diluted share compared to net loss of ($0.26) per diluted share for the comparable 2018 period.  Other highlights include:

Highlights

Funds from operations (FFO) of $0.11 per diluted share Same-property net operating income (NOI) decreased 1.2% compared to the same period in 2018 Signed 42 new and renewal leases for 413,200 square feet in the quarter Total portfolio 90.5% leased and same-property portfolio 91.1% leased at... More