XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rents $ 28,557,000 $ 26,608,000 $ 85,315,000 $ 80,145,000
Expense recoveries 6,770,000 5,973,000 21,704,000 19,257,000
Other 111,000 908,000 499,000 5,369,000
Total revenues 35,438,000 33,489,000 107,518,000 104,771,000
Expenses:        
Operating, maintenance and management 5,740,000 5,295,000 18,324,000 17,162,000
Real estate and other property-related taxes 4,571,000 4,389,000 13,673,000 13,015,000
General and administrative 3,248,000 3,637,000 9,974,000 10,999,000
Employee termination costs   1,131,000 106,000 1,131,000
Impairment reversal     (1,100,000)  
Depreciation and amortization 13,494,000 9,254,000 33,079,000 34,721,000
Total expenses 27,053,000 23,706,000 74,056,000 77,028,000
Operating income 8,385,000 9,783,000 33,462,000 27,743,000
Non-operating income and expense:        
Interest expense (8,810,000) (9,603,000) (27,055,000) (29,479,000)
Early extinguishment of debt costs     (106,000) (2,607,000)
Interest income 1,000 63,000 3,000 187,000
Equity in income of unconsolidated joint venture   411,000   1,432,000
Gain on sales   402,000 346,000 481,000
Total non-operating income and expense (8,809,000) (8,727,000) (26,812,000) (29,986,000)
(Loss) income from continuing operations (424,000) 1,056,000 6,650,000 (2,243,000)
Discontinued operations:        
Income from operations 486,000 1,242,000 452,000 3,680,000
Impairment reversals, net       1,138,000
Gain on extinguishment of debt     1,298,000  
Gain on sales       750,000
Total discontinued operations 486,000 1,242,000 1,750,000 5,568,000
Net income 62,000 2,298,000 8,400,000 3,325,000
Less, net loss (income) attributable to noncontrolling interests:        
Minority interests in consolidated joint ventures 49,000 (2,564,000) 152,000 (4,272,000)
Limited partners' interest in Operating Partnership 12,000 17,000 11,000 114,000
Total net loss (income) attributable to noncontrolling interests 61,000 (2,547,000) 163,000 (4,158,000)
Net income (loss) attributable to Cedar Realty Trust, Inc. 123,000 (249,000) 8,563,000 (833,000)
Preferred stock dividends (3,602,000) (3,877,000) (10,811,000) (11,015,000)
Preferred stock redemption costs   (173,000) (1,166,000) (555,000)
Net (loss) attributable to common shareholders (3,479,000) (4,299,000) (3,414,000) (12,403,000)
Per common share attributable to common shareholders (basic and diluted):        
Continuing operations $ (0.06) $ (0.05) $ (0.09) $ (0.20)
Discontinued operations $ 0.01 $ (0.02) $ 0.03 $ 0.01
(Loss) earnings per common share, basic and fully diluted $ (0.05) $ (0.07) $ (0.06) $ (0.19)
Amounts attributable to Cedar Realty Trust, Inc. common shareholders, net of noncontrolling interests:        
Loss from continuing operations (3,963,000) (2,867,000) (5,157,000) (13,389,000)
Income (loss) from discontinued operations 484,000 (1,432,000) 1,743,000 986,000
Net (loss) $ 3,479,000 $ 4,299,000 $ 3,414,000 $ 12,403,000
Weighted average number of common shares - basic and diluted 68,365,000 68,232,000 68,350,000 67,932,000