v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Total revenues $ 8,620,000 $ 7,810,000 $ 25,827,000 $ 24,955,000
EXPENSES        
Operating, maintenance and management 1,506,000 2,080,000 5,646,000 6,260,000
Real estate and other property-related taxes 1,417,000 1,557,000 4,210,000 4,325,000
Corporate general and administrative 679,000 3,875,000 2,349,000 9,648,000
Depreciation and amortization 2,738,000 4,010,000 8,540,000 9,361,000
Total expenses 6,340,000 11,522,000 20,745,000 29,594,000
OTHER        
Gain on sale 2,662,000 0 2,662,000 0
Transaction costs 0 (23,971,000) 0 (58,163,000)
Impairment charges 0 (9,151,000) 0 (9,350,000)
Total other 2,662,000 (33,122,000) 2,662,000 (67,513,000)
OPERATING INCOME (LOSS) 4,942,000 (36,834,000) 7,744,000 (72,152,000)
NON-OPERATING INCOME AND EXPENSES        
Interest (expense) income, net (2,012,000) 615,000 (5,867,000) (5,222,000)
Total non-operating income and expenses (2,012,000) 615,000 (5,867,000) (5,222,000)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 2,930,000 (36,219,000) 1,877,000 (77,374,000)
DISCONTINUED OPERATIONS        
Income from discontinued operations 0 356,000 0 14,302,000
Impairment charges 0 0 0 (16,629,000)
Gain on sales 0 125,500,000 0 125,500,000
Total income from discontinued operations 0 125,856,000 0 123,173,000
NET INCOME 2,930,000 89,637,000 1,877,000 45,799,000
Net income attributable to noncontrolling interests:        
Limited partners' interest in Operating Partnership 0 (328,000) 0 (132,000)
Total net income attributable to noncontrolling interests 0 (328,000) 0 (132,000)
NET INCOME ATTRIBUTABLE TO CEDAR REALTY TRUST, INC. 2,930,000 89,309,000 1,877,000 45,667,000
Preferred stock dividends (2,688,000) (2,688,000) (8,064,000) (8,064,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS 242,000 86,621,000 (6,187,000) 37,603,000
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 242,000 $ 86,621,000 $ (6,187,000) $ 37,603,000
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (BASIC AND DILUTED):        
Continuing operations, basic (in dollars per share) $ 0.02 $ (2.87) $ (0.45) $ (6.37)
Continuing operations, diluted (in dollars per share) 0.02 (2.87) (0.45) (6.37)
Discontinued operations, basic (in dollars per share) 0 9.29 0 9.19
Discontinued operations, diluted (in dollars per share) 0 9.29 0 9.19
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, BASIC (in dollars per share) 0.02 6.42 (0.45) 2.82
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, DILUTED (in dollars per share) $ 0.02 $ 6.42 $ (0.45) $ 2.82
Weighted average number of common shares - basic (in shares) 13,718,000 13,494,000 13,718,000 13,357,000
Weighted average number of common shares - diluted (in shares) 13,718,000 13,494,000 13,718,000 13,357,000
Rental revenues        
REVENUES        
Total revenues $ 8,340,000 $ 7,522,000 $ 25,234,000 $ 24,329,000
Other revenues        
REVENUES        
Total revenues $ 280,000 $ 288,000 $ 593,000 $ 626,000

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