Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

Cedar Realty Trust, Inc.

Schedule III

Real Estate and Accumulated Depreciation

				Year built/	Gross		Initial cost to the Company
		Year	Percent	Year last	leasable				Building and
Property	State	acquired	owned	renovated	area		Land		Improvements
Brickyard Plaza	CT	2004	100%	1990/2012		228,000		7,632,000		29,308,000
Carll's Corner	NJ	2007	100%	1960s-1999		129,000	$	3,034,000	$	15,293,000
Coliseum Marketplace	VA	2005	100%	1987/2012		107,000		2,924,000		14,416,000
Fairview Commons	PA	2007	100%	1976/2003		53,000		858,000		3,568,000
Fieldstone Marketplace	MA	2005/2012	100%	1988/2003		194,000		5,229,000		21,440,000
Gold Star Plaza	PA	2006	100%	1988		72,000		1,644,000		6,519,000
Golden Triangle	PA	2003	100%	1960/2005		203,000		2,320,000		9,713,000
Hamburg Square	PA	2004	100%	1993/2010		102,000		1,153,000		4,678,000
Kings Plaza	MA	2007	100%	1970/1994		168,000		2,413,000		12,604,000
Oakland Commons	CT	2007	100%	1962/2013		90,000		2,504,000		15,662,000
Patuxent Crossing	MD	2009	100%	1985-1997		264,000		14,849,000		18,445,000
Pine Grove Plaza	NJ	2003	100%	2001/2002		79,000		2,010,000		6,489,000
Oregon Avenue	PA	2016	100%	2011		20,000		2,247,000		18,616,000
South Philadelphia	PA	2003	100%	1950/2003		222,000		8,222,000		36,314,000
Southington Center	CT	2003	100%	1972/2000		156,000		-		11,834,000
Timpany Plaza	MA	2007	100%	1970's-1989		183,000		3,412,000		19,240,000
Trexler Mall	PA	2005	100%	1973/2013		337,000		6,932,000		32,815,000
Washington Centers Shoppes	NJ	2001	100%	1979/1995		157,000		2,061,000		7,314,000
Webster Commons	MA	2007	100%	1960's-2004		99,000		3,551,000		18,412,000
Other	n/a	n/a	100%	n/a		-		1,965,000		-
Total Portfolio						2,863,000	$	74,960,000	$	302,680,000

				Gross amount at which carried at
(continued)	Subsequent			December 31, 2022
	cost					Building and				Accumulated
Property	capitalized (a)			Land		improvements		Total		depreciation
Brickyard Plaza		(779,000	)		7,648,000		28,513,000		36,161,000		13,850,000
Carll's Corner	$	(11,815,000	)	$	246,000	$	6,266,000	$	6,512,000	$	5,321,000
Coliseum Marketplace		(4,860,000	)		3,586,000		8,894,000		12,480,000		7,091,000
Fairview Commons		462,000			858,000		4,030,000		4,888,000		1,801,000
Fieldstone Marketplace		(3,219,000	)		5,167,000		18,283,000		23,450,000		12,069,000
Gold Star Plaza		(140,000	)		1,644,000		6,379,000		8,023,000		2,840,000
Golden Triangle		12,345,000			2,320,000		22,058,000		24,378,000		11,429,000
Hamburg Square		6,573,000			1,153,000		11,251,000		12,404,000		4,902,000
Kings Plaza		1,915,000			2,408,000		14,524,000		16,932,000		5,460,000
Oakland Commons		(4,668,000	)		2,504,000		10,994,000		13,498,000		6,450,000
Patuxent Crossing		1,835,000			13,211,000		21,918,000		35,129,000		10,679,000
Pine Grove Plaza		632,000			1,622,000		7,509,000		9,131,000		3,849,000
Oregon Avenue		(16,980,000	)		2,141,000		1,742,000		3,883,000		358,000
South Philadelphia		(9,764,000	)		8,222,000		26,550,000		34,772,000		21,389,000
Southington Center		1,464,000			-		13,298,000		13,298,000		6,208,000
Timpany Plaza		(4,845,000	)		3,368,000		14,439,000		17,807,000		7,953,000
Trexler Mall		13,720,000			6,932,000		46,535,000		53,467,000		19,962,000
Washington Centers Shoppes		7,513,000			2,000,000		14,888,000		16,888,000		7,241,000
Webster Commons		(1,518,000	)		4,081,000		16,364,000		20,445,000		8,447,000
Other		(1,401,000	)		-		564,000		564,000		169,000
Total Portfolio	$	(13,530,000	)	$	69,111,000	$	294,999,000	$	364,110,000	$	157,468,000

Cedar Realty Trust, Inc.

Schedule III

Real Estate and Accumulated Depreciation

The changes in real estate and accumulated depreciation for the years ended December 31, 2022, 2021 and 2020, respectively, are as follows:

Cost	2022				2021			2020
Balance, beginning of the year	$	369,827,000			$	604,265,000		$	1,515,206,000
Properties transferred to/from held for sale		(11,495,000	)			(180,123,000	)		(945,725,000	)
Outparcel dispositions		—				(387,000	)		(840,000	)
Property impairments		(16,629,000	)			(83,224,000	)		—
Improvements and betterments		22,407,000				29,296,000			35,624,000
Balance, end of the year	$	364,110,000		(b)	$	369,827,000		$	604,265,000
Accumulated depreciation
Balance, beginning of the year	$	155,250,000			$	197,119,000		$	389,861,000
Properties transferred to/from held for sale		(15,339,000	)			(78,207,000	)		(235,397,000	)
Outparcel dispositions		—				—			(90,000	)
Depreciation expense (c)		17,557,000				36,338,000			42,745,000
Balance, end of the year	$	157,468,000			$	155,250,000		$	197,119,000
Net book value	$	206,642,000			$	214,577,000		$	407,146,000

(a)Negative amounts represent write-offs of fully depreciated assets and impairments.

(b)At December 31, 2022, the aggregate cost for federal income tax purposes was approximately $49.6 million greater than the Company's recorded values.

(c)Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.