XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Total revenues $ 8,923,000 $ 8,715,000
EXPENSES    
Operating, maintenance and management 2,411,000 2,237,000
Real estate and other property-related taxes 1,389,000 1,242,000
General and administrative 712,000 2,911,000
Depreciation and amortization 2,493,000 2,501,000
Total expenses 7,005,000 8,891,000
OTHER    
Transaction costs   (3,735,000)
Impairment charges   197,000
Total other   (3,932,000)
OPERATING INCOME (LOSS) 1,918,000 (4,108,000)
NON-OPERATING INCOME AND EXPENSES    
Interest expense, net (1,904,000) (2,707,000)
Total non-operating income and expenses (1,904,000) (2,707,000)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 14,000 (6,815,000)
DISCONTINUED OPERATIONS    
Income from discontinued operations   6,248,000
Impairment charges   (510,000)
Total income from discontinued operations   5,738,000
NET INCOME (LOSS) 14,000 (1,077,000)
Net loss attributable to noncontrolling interests:    
Limited partners' interest in Operating Partnership   20,000
Total net loss attributable to noncontrolling interests   20,000
NET INCOME (LOSS) ATTRIBUTABLE TO CEDAR REALTY TRUST, INC. 14,000 (1,057,000)
Preferred stock dividends (2,688,000) (2,688,000)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,674,000) $ (3,745,000)
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (BASIC AND DILUTED):    
Continuing operations, basic per share $ (0.19) $ (0.71)
Continuing operations, diluted per share (0.19) (0.71)
Discontinued operations, basic per share   0.43
Discontinued operations, diluted per share   0.43
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, BASIC (0.19) (0.28)
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, DILUTED $ (0.19) $ (0.28)
Weighted average number of common shares - basic 13,718,000 13,285,000
Weighted average number of common shares - diluted 13,718,000 13,285,000
Rental Revenues [Member]    
REVENUES    
Total revenues $ 8,641,000 $ 8,514,000
Other Revenues [Member]    
REVENUES    
Total revenues $ 282,000 $ 201,000