Cedar Realty Trust Announces Tax Information for 2011 Distributions

PORT WASHINGTON, N.Y., Jan. 20, 2012 /PRNewswire/ -- Cedar Realty Trust, Inc. (formerly known as Cedar Shopping Centers, Inc.) announced today the Federal income tax treatment of its 2011 distributions to holders of its common shares and preferred shares.

The characterization of distributions on the Company's common shares (NYSE: CDR, CUSIP #150602209) aggregating $0.36 per share, were 100% return of capital and 0% taxable ordinary income. The characterization of distributions on the Company's 8-7/8% Series A Cumulative Redeemable Preferred Stock (NYSE: CDR-PA, CUSIP #150602308) were 100% return of capital and 0% taxable ordinary income.

About Cedar Realty Trust

Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses primarily on the ownership and operation of supermarket-anchored shopping centers straddling the Washington D.C. to Boston corridor. The Company's portfolio (excluding properties treated as "held for sale") is comprised of 70 properties, with approximately 9.5 million square feet of GLA. In addition, the Company has an ownership interest in 22 properties, with approximately 3.7 million square feet of GLA, through its Cedar/RioCan joint venture in which the Company has a 20% interest.

For additional financial and descriptive information on the Company, its operations and its portfolio, please refer to the Company's website at www.cedarrealtytrust.com.

SOURCE Cedar Realty Trust, Inc.