Cedar Realty Trust (CDR) Misses Q3 EPS by 2c

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Cedar Realty Trust Reports Third Quarter 2018 Results

November 1, 2018 4:05 PM EDT

PORT WASHINGTON, N.Y., Nov. 1, 2018 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR the "Company") today reported results for the third quarter ended September 30, 2018. Net income attributable to common shareholders was $0.04 per diluted share compared with net loss ($0.06) per diluted share for the comparable 2017 period.  Other highlights include:

Highlights

NAREIT-defined funds from operations (FFO) of $0.08 per diluted share Operating funds from operations (Operating FFO) of $0.13 per diluted share Signed 42 new and renewal leases for 193,200 square feet in the quarter Comparable cash-basis lease spreads of 3.4% Total portfolio 91.6% leased and... More