Cedar Realty Trust (CDR) Reports Q1 FFO of $0.18

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Go back to Cedar Realty Trust (CDR) Reports Q1 FFO of $0.18

Cedar Realty Trust Reports First Quarter 2020 Results and COVID-19 Update

May 14, 2020 4:05 PM EDT

PORT WASHINGTON, N.Y., May 14, 2020 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR the "Company") today reported results for the first quarter 2020. Net loss attributable to common shareholders was $(0.06) per diluted share compared to net income of $0.00 per diluted share for the comparable 2019 period.  Other highlights include:

First Quarter 2020 Highlights

NAREIT-defined funds from operations (FFO) and Operating funds from operations (Operating FFO) of $0.18 per diluted share (includes $0.08 per share of lease termination income) Same-property net operating income (NOI) increased 0.8% compared to the same period in 2019 Signed 30 new and renewal leases... More