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MarketScreener Homepage  >  Equities  >  Nyse  >  Cedar Realty Trust, Inc.    CDR

CEDAR REALTY TRUST, INC.

(CDR)
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Cedar: 2Q Earnings Snapshot

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08/10/2020 | 05:57pm EDT

PORT WASHINGTON, N.Y. (AP) _ Cedar Realty Trust Inc. (CDR) on Monday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.

The Port Washington, New York-based real estate investment trust said it had funds from operations of $5.7 million, or 6 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 6 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $8.8 million, or 10 cents per share.

The real estate investment trust posted revenue of $28.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $31.6 million.

In the final minutes of trading on Monday, the company's shares hit 96 cents. A year ago, they were trading at $2.45.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDR at https://www.zacks.com/ap/CDR

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2020 141 M - -
Net income 2020 -24,8 M - -
Net Debt 2020 - - -
P/E ratio 2020 -3,77x
Yield 2020 9,87%
Capitalization 70,0 M 70,0 M -
Capi. / Sales 2020 0,49x
Capi. / Sales 2021 0,50x
Nbr of Employees 75
Free-Float 82,5%
Chart CEDAR REALTY TRUST, INC.
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Cedar Realty Trust, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CEDAR REALTY TRUST, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 1,50 $
Last Close Price 0,81 $
Spread / Highest target 147%
Spread / Average Target 85,1%
Spread / Lowest Target -38,3%
EPS Revisions
Managers
NameTitle
Bruce J. Schanzer President, Chief Executive Officer & Director
Roger Maurice Widmann Chairman
Robin McBride Zeigler Chief Operating Officer & Executive Vice President
Phillip R. Mays Chief Financial Officer, Treasurer & Executive VP
Pamela N. Hootkin Independent Director
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