Cedar Realty Trust, Inc. (CDR-PC)
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Cedar Realty Trust, Inc. Profile
| Retail REITs Industry | Real Estate Sector | Michael Andrew Franklin CEO | NYSE Exchange | 150602506 CUSIP |
| US Country | 55 Employees | 10 Aug 2026 Last Dividend | - Last Split | - IPO Date |
Overview
Cedar Realty Trust, Inc. is a distinguished real estate investment trust (REIT) that emphasizes the ownership, management, and redevelopment of grocery-anchored shopping centers. These centers are strategically located in densely populated urban markets ranging from Washington, D.C. to Boston. With a portfolio that includes 54 properties, the company boasts approximately 8.1 million square feet of gross leasable area, underscoring its strong presence in the retail real estate sector. As of August 23, 2022, Cedar Realty Trust has become a subsidiary of Wheeler Real Estate Investment Trust, Inc., enhancing its operational capabilities and resources in the competitive marketplace.
Products and Services
- Property Ownership
Cedar Realty Trust owns a diverse portfolio of grocery-anchored shopping centers, which are designed to meet the retail needs of urban populations. This ownership model allows the company to benefit from steady rental income and long-term asset appreciation.
- Property Management
The company offers comprehensive property management services. This includes overseeing daily operations, managing tenant relations, and ensuring that properties are well-maintained, thereby maximizing tenant satisfaction and retention.
- Redevelopment Services
Cedar Realty Trust specializes in the redevelopment of existing shopping centers to enhance their value and profitability. Redevelopment projects often involve aesthetic improvements, infrastructure upgrades, and reconfiguring space to attract high-quality tenants and increase foot traffic.
- Tenant Leasing
The leasing team at Cedar Realty Trust works diligently to attract and secure high-quality tenants for its shopping centers. This service includes marketing available retail spaces, negotiating leases, and assisting tenants in finding suitable locations that align with their business objectives.
- Market Research and Analysis
The company conducts extensive market research to identify trends and dynamics within high-density urban markets. This research aids in making informed decisions about acquisitions, sales, and redevelopment, ensuring the portfolio remains competitive and aligned with market demands.
