v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUES    
Total revenues $ 34,632,000 $ 34,297,000
EXPENSES    
Operating, maintenance and management 7,728,000 8,411,000
Real estate and other property-related taxes 5,425,000 5,949,000
Corporate general and administrative 3,192,000 10,099,000
Depreciation and amortization 10,918,000 9,645,000
Total expenses 27,263,000 34,104,000
OTHER    
Gain on sale 2,662,000 0
Transaction costs 0 (58,959,000)
Impairment charges 0 (9,350,000)
Total other 2,662,000 (68,309,000)
OPERATING INCOME (LOSS) 10,031,000 (68,116,000)
NON-OPERATING INCOME AND EXPENSES    
Interest expense, net (8,024,000) (10,894,000)
Total non-operating income and expenses (8,024,000) (10,894,000)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 2,007,000 (79,010,000)
DISCONTINUED OPERATIONS    
Income from discontinued operations 0 14,302,000
Impairment charges 0 (16,629,000)
Gain on sales 0 125,500,000
Total income from discontinued operations 0 123,173,000
NET INCOME 2,007,000 44,163,000
Net income attributable to noncontrolling interests:    
Limited partners' interest in Operating Partnership 0 (132,000)
Total net income attributable to noncontrolling interests 0 (132,000)
NET INCOME ATTRIBUTABLE TO CEDAR REALTY TRUST, INC. 2,007,000 44,031,000
Preferred stock dividends (10,752,000) (10,752,000)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS (8,745,000) 33,279,000
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (8,745,000) $ 33,279,000
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (BASIC AND DILUTED):    
Continuing operations, basic (in dollars per share) $ (0.64) $ (6.64)
Continuing operations, diluted (in dollars per share) (0.64) (6.64)
Discontinued operations, basic (in dollars per share) 0 9.12
Discontinued operations, diluted (in dollars per share) 0 9.12
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, BASIC (in dollars per share) (0.64) 2.48
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, DILUTED (in dollars per share) $ (0.64) $ 2.48
Weighted average number of common shares - basic (in shares) 13,718,000 13,448,000
Weighted average number of common shares - diluted (in shares) 13,718,000 13,448,000
Rental revenues    
REVENUES    
Total revenues $ 33,987,000 $ 32,963,000
Other revenues    
REVENUES    
Total revenues $ 645,000 $ 1,334,000

Source