Cedar Realty Trust (CDR) is Withdrawing 2020 Earnings Guidance

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Go back to Cedar Realty Trust (CDR) is Withdrawing 2020 Earnings Guidance

Cedar Realty Trust Announces Plan To Mitigate COVID-19 Impact

March 30, 2020 9:00 AM EDT

PORT WASHINGTON, N.Y., March 30, 2020 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR "Cedar" or the "Company") today issued the following statement regarding COVID-19.

During the COVID-19 Pandemic, Cedar remains committed to our employees, tenants and the communities in which we operate as well as safeguarding long-term value for our shareholders. Accordingly, the Company has taken the following steps:

Increased liquidity by $75 million. Out of an abundance of caution, the Company has drawn $75 million on its revolving credit facility to preserve financial flexibility. After giving effect to this borrowing, the Company has... More