Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. More Details
Fair value with mediocre balance sheet.
Share Price & News
How has Cedar Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CDR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CDR's weekly volatility has decreased from 17% to 9% over the past year.
7 Day Return
1 Year Return
Return vs Industry: CDR underperformed the US REITs industry which returned -7.3% over the past year.
Return vs Market: CDR underperformed the US Market which returned 19% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Cedar Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHere's What Cedar Realty Trust, Inc.'s (NYSE:CDR) Shareholder Ownership Structure Looks Like
3 months ago | Simply Wall StHave Insiders Been Selling Cedar Realty Trust, Inc. (NYSE:CDR) Shares?
7 months ago | Simply Wall StOne Thing To Remember About The Cedar Realty Trust, Inc. (NYSE:CDR) Share Price
Is Cedar Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CDR ($1.44) is trading below our estimate of fair value ($2.05)
Significantly Below Fair Value: CDR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CDR is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: CDR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CDR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CDR is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.6x).
How is Cedar Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CDR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CDR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CDR's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: CDR's revenue is forecast to decline over the next 3 years (-1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CDR's Return on Equity is forecast to be high in 3 years time
How has Cedar Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CDR is currently unprofitable.
Growing Profit Margin: CDR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CDR is unprofitable, and losses have increased over the past 5 years at a rate of 37.9% per year.
Accelerating Growth: Unable to compare CDR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CDR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (2%).
Return on Equity
High ROE: CDR has a negative Return on Equity (-3.45%), as it is currently unprofitable.
How is Cedar Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: CDR's short term assets ($46.8M) exceed its short term liabilities ($41.0M).
Long Term Liabilities: CDR's short term assets ($46.8M) do not cover its long term liabilities ($675.7M).
Debt to Equity History and Analysis
Debt Level: CDR's debt to equity ratio (137.3%) is considered high.
Reducing Debt: CDR's debt to equity ratio has increased from 109.5% to 137.3% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CDR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CDR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.8% per year.
What is Cedar Realty Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CDR's dividend (2.78%) is higher than the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: CDR's dividend (2.78%) is low compared to the top 25% of dividend payers in the US market (4.15%).
Stability and Growth of Payments
Stable Dividend: CDR's dividend payments have been volatile in the past 10 years.
Growing Dividend: CDR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.3%), CDR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CDR's dividends in 3 years are forecast to be thoroughly covered by earnings (10.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Schanzer (51 yo)
Mr. Bruce J. Schanzer, J.D., has been the Chief Executive Officer, President and Director of Cedar Realty Trust, Inc. since June 15, 2011. Mr. Schanzer has substantial expertise in the areas of corporate a...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD1.50M) is above average for companies of similar size in the US market ($USD562.26K).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
|Executive VP||9.42yrs||US$1.37m||0.80% |
|Executive VP & COO||4.67yrs||US$795.20k||0.57% |
|Chief Investment Officer & Executive VP||5.75yrs||no data||no data|
|VP & Chief Accounting Officer||15.5yrs||no data||no data|
|Chief Compliance Officer||6.58yrs||no data||no data|
|Vice President of Human Resources||10.83yrs||no data||no data|
|Senior Vice President of Leasing||3.83yrs||no data||no data|
|Vice President of Asset Management||no data||no data||no data|
|Director of Financial Reporting||no data||no data||no data|
|Senior Vice President of Development & Construction||1.42yrs||no data||no data|
|Controller & VP of Property Accounting||1.83yrs||no data||no data|
Experienced Management: CDR's management team is seasoned and experienced (6.2 years average tenure).
|Independent Chairman of the Board||9.42yrs||US$180.00k||0.19% |
|Independent Director||4.67yrs||US$120.00k||0.080% |
|Independent Director||3.5yrs||US$105.00k||0.072% |
|Independent Director||2.42yrs||US$105.00k||0.059% |
|Independent Director||12.42yrs||US$120.00k||0.15% |
|Independent Director||5.33yrs||US$120.00k||0.25% |
Experienced Board: CDR's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CDR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cedar Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cedar Realty Trust, Inc.
- Ticker: CDR
- Exchange: NYSE
- Founded: 1984
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$112.088m
- Market Cap: US$124.348m
- Shares outstanding: 86.89m
- Website: https://www.cedarrealtytrust.com
Number of Employees
- Cedar Realty Trust, Inc.
- 44 South Bayles Avenue
- Port Washington
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CDR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 1986|
|CDH1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1986|
|CDR.PRB||NYSE (New York Stock Exchange)||PFD-B 7.25%||US||USD||May 2012|
|CDR.PRC||NYSE (New York Stock Exchange)||6.50% CUM PFD C||US||USD||Aug 2017|
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets fr...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/24 23:36|
|End of Day Share Price||2020/11/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.