NYSE$CDR-PB

Cedar Realty Trust Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a net loss due to impairment charges, but saw an increase in same-property NOI and collected a high percentage of base rents.

Cedar Realty Trust reported a net loss attributable to common shareholders of $(83.2) million, or $(6.28) per diluted share, for Q3 2021. However, the company achieved a same-property NOI increase of 10.5% and collected 96.8% of base rents and monthly charges.

  • NAREIT-defined Funds from operations (FFO) of $0.62 per diluted share for the quarter
  • Operating FFO of $0.63 per diluted share for the quarter
  • Collected 96.8% of base rents and monthly charges for the quarter
  • Same-property net operating income (NOI) increased 10.5% for the quarter

Headline financials

Total Revenue

$30.6M

Previous: $31.2M-2.0%
EPS (adj)

-$6.18

No prior period
Same-Property NOI growth

10.5%

No prior period
Capital Expenditures

-$19.6M

Previous: -$38.9M+49.6%
Free Cash Flow

$12.7M

Previous: -$12.7M+199.8%
Net Income

-$80.5M

Previous: $1.27M-6454.9%
Operating Income

-$76.3M

Previous: $7.06M-1180.1%
Gross Profit

$8.5M

No prior period
Cash & Equivalents

$4.73M

No prior period
Total Assets

$1.04B

No prior period
Stock-Based Comp

$583K

No prior period

Revenue & EPS history

Cedar Realty Trust Inc · Revenue · Quarterly

$30.6M

Q3 2021-2%vs Q3 2020
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Revenue by segment

Cedar Realty Trust Inc · $30.8M total across 1 segment · Q4 2021

  • Rental Revenues
    $30.8M

Forward guidance

Cedar Realty Trust is exploring strategic alternatives, including a potential sale or merger of the entire company, or the sale of its core grocery-anchored shopping center portfolio and mixed-use redevelopment projects.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+4.2%

Avg return

30 days after

33%

12 / 36 earnings

Positive

+7.4%

Q3 2022

Best reaction

-5.8%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.9%-13.0%
Q2 2025+7.2%+4.2%+6.6%
Q1 2025+0.0%-2.3%-9.3%
Q4 2024+0.0%+1.7%+7.6%
Q3 2024+1.5%-1.0%-1.7%
Q2 2024+3.0%+1.5%+3.4%
Q1 2024+0.0%+1.3%-2.7%
Q4 2023-3.1%-3.1%-2.6%
Q3 2023-0.9%-6.2%-1.6%
Q2 2023-0.3%-3.9%-6.2%
Q1 2023-0.1%+1.3%+6.7%
Q4 2022-1.4%-2.3%-6.3%
Q3 2022+7.4%-11.1%+23.6%
Q3 2025-0.0%+6.7%+33.5%
Q2 2022-0.5%-2.4%-0.5%
Q1 2022+1.0%+15.4%+46.4%
Q4 2021-0.1%-9.9%+22.9%
Q3 2021-2.7%-0.1%-2.1%
Q2 2021+5.1%+0.6%+0.2%
Q1 2021+1.7%+0.1%+0.9%
Q4 2020+0.9%-0.6%+1.1%
Q3 2020-0.5%+4.1%-0.2%
Q2 2020+0.6%+0.8%-2.7%
Q1 2020-1.1%+3.1%+38.5%
Q3 2019+0.5%+0.6%-0.6%
Q2 2019-5.8%-0.4%+0.1%
Q1 2019+2.5%+0.4%-2.2%
Q3 2018-3.2%+0.9%-3.8%
Q2 2018-1.5%+0.8%+0.1%
Q1 2018-0.5%+0.6%+2.5%
Q3 2017+2.3%-0.0%-1.4%
Q2 2017-0.1%-1.4%-1.2%
Q1 2017-1.6%-0.9%-1.3%
Q3 2016-0.2%-1.1%-2.0%
Q2 2016-0.3%+2.4%-1.1%
Q1 2016-3.5%

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