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The company was founded in 1984 as Cedar Shopping Centers.
The company was founded in 1984 as Cedar Shopping Centers.


In 2005, the company acquired a 27-property portfolio for $90 million<ref>{{cite news | url=https://www.bizjournals.com/pittsburgh/stories/2005/02/07/daily7.html | title=Cedar Shopping Centers buying Pa., Ohio properties | work=[[American City Business Journals]] | date=Feb 7, 2005}}</ref> and [[Columbia Mall (Pennsylvania)|Columbia Mall]] for $14 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Cedar-Shopping-Centers-Buys-Columbia-Mall-for-$14M/72613 | title=Cedar Shopping Centers Buys Columbia Mall for $14M | first=Corinne | last=Milongo | work=[[CoStar Group]] | date=November 4, 2005}}</ref> It also acquired The Shops at Suffolk Downs.<ref>{{cite news | url=https://www.bizjournals.com/boston/stories/2005/07/11/daily61.html | title=Cedar Shopping Centers to acquire 'The Shops at Suffolk Downs' | work=[[American City Business Journals]] | date=July 14, 2005}}</ref>
In 2005, the company acquired a 27-property portfolio for $90 million<ref>{{cite news | url=https://www.bizjournals.com/pittsburgh/stories/2005/02/07/daily7.html | title=Cedar Shopping Centers buying Pa., Ohio properties | work=[[American City Business Journals]] | date=February 7, 2005}}</ref> and [[Columbia Mall (Pennsylvania)|Columbia Mall]] for $14 million, which it sold in 2013.<ref>{{cite news | url=http://www.annualreports.com/HostedData/AnnualReportArchive/c/NYSE_CDR_2015.pdf | title=Cedar Realty Trust 2013 Annual Report}}</ref> It also acquired The Shops at Suffolk Downs.<ref>{{cite news | url=https://www.bizjournals.com/boston/stories/2005/07/11/daily61.html | title=Cedar Shopping Centers to acquire 'The Shops at Suffolk Downs' | work=[[American City Business Journals]] | date=July 14, 2005}}</ref>


In 2006, the company acquired Shaw's Plaza.<ref>{{cite news | url=https://www.bizjournals.com/boston/stories/2006/07/24/daily8.html | title=Cedar Shopping Centers buys Shaw's Plaza | work=[[American City Business Journals]] | date=July 24, 2006}}</ref>
In 2006, the company acquired Shaw's Plaza.<ref>{{cite news | url=https://www.bizjournals.com/boston/stories/2006/07/24/daily8.html | title=Cedar Shopping Centers buys Shaw's Plaza | work=[[American City Business Journals]] | date=July 24, 2006}}</ref>
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In 2009, [[RioCan Real Estate Investment Trust]] acquired a 15% stake in the company as part of a joint venture agreement.<ref>{{cite news | url=https://www.theglobeandmail.com/globe-investor/riocan-makes-181-million-us-foray/article1339231/ | title=RioCan makes $181-million U.S. foray | first=JOHN | last=VALORZI | work=[[The Globe and Mail]] | date=October 26, 2009}}</ref>
In 2009, [[RioCan Real Estate Investment Trust]] acquired a 15% stake in the company as part of a joint venture agreement.<ref>{{cite news | url=https://www.theglobeandmail.com/globe-investor/riocan-makes-181-million-us-foray/article1339231/ | title=RioCan makes $181-million U.S. foray | first=JOHN | last=VALORZI | work=[[The Globe and Mail]] | date=October 26, 2009}}</ref>


In 2010, the company acquired a 20% interest in Exeter Commons.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blogs/real_estate/2010/05/cedar_shopping_centers_riocan_buying_pa_shopping_center.html | title=Cedar Shopping Centers, RioCan buying Pa. shopping center | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=May 12, 2010}}</ref> It also acquired 7 shopping centers from [[Pennsylvania Real Estate Investment Trust]] for $168 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/stories/2010/08/16/daily5.html | title=Cedar Shopping buying 7 PREIT centers | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=August 16, 2010}}</ref> It also sold Gabriel Brothers Plaza for $4.5 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Cedar-Shopping-Centers-Sells-83000-SF-Complex/117487 | title=Cedar Shopping Centers Sells 83,000-SF Complex | first=Hilda | last=Banegura | work=[[CoStar Group]] | date=January 27, 2010}}</ref>
In 2010, the company acquired a 20% interest in Exeter Commons.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blogs/real_estate/2010/05/cedar_shopping_centers_riocan_buying_pa_shopping_center.html | title=Cedar Shopping Centers, RioCan buying Pa. shopping center | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=May 12, 2010}}</ref> It also acquired 7 shopping centers from [[Pennsylvania Real Estate Investment Trust]] for $168 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/stories/2010/08/16/daily5.html | title=Cedar Shopping buying 7 PREIT centers | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=August 16, 2010}}</ref> It also sold Gabriel Brothers Plaza for $4.5 million.<ref>{{cite news | url=https://rebusinessonline.com/gabriel-brothers-plaza-sells-in-ohio/ | title=GABRIEL BROTHERS PLAZA SELLS IN OHIO | work=RE Business Online | date=January 4, 2010}}</ref>


In 2011, the company changed its name to Cedar Realty Trust. It also sold 5 sites in Ohio anchored by [[Discount Drug Mart]].<ref>{{cite news | url=https://www.bizjournals.com/columbus/news/2011/05/03/cedar-shopping-centers-selling-5-area.html | title=Cedar Shopping Centers selling 5 area sites anchored by Discount Drug Marts | first=Brian R. | last=Ball | work=[[American City Business Journals]] | date=May 3, 2011}}</ref>
In 2011, the company changed its name to Cedar Realty Trust. It also sold 5 sites in Ohio anchored by [[Discount Drug Mart]].<ref>{{cite news | url=https://www.bizjournals.com/columbus/news/2011/05/03/cedar-shopping-centers-selling-5-area.html | title=Cedar Shopping Centers selling 5 area sites anchored by Discount Drug Marts | first=Brian R. | last=Ball | work=[[American City Business Journals]] | date=May 3, 2011}}</ref>
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In 2014, the company acquired Quartermaster Plaza in South Philadelphia for $92.3 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blog/peter-van-allen/2014/03/south-philly-shopping-center-sells-for-923-million.html | title=South Philly shopping center sells for $92.3 million | first=Peter | last=Van Allen | work=[[American City Business Journals]] | date=March 26, 2014}}</ref> It also sold [[Harbor Square]] for $25 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blog/real-estate/2014/02/center-in-egg-harbor-sells-for-25m.html | title=Egg Harbor Twp. center sells for $25M | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=February 28, 2014}}</ref>
In 2014, the company acquired Quartermaster Plaza in South Philadelphia for $92.3 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blog/peter-van-allen/2014/03/south-philly-shopping-center-sells-for-923-million.html | title=South Philly shopping center sells for $92.3 million | first=Peter | last=Van Allen | work=[[American City Business Journals]] | date=March 26, 2014}}</ref> It also sold [[Harbor Square]] for $25 million.<ref>{{cite news | url=https://www.bizjournals.com/philadelphia/blog/real-estate/2014/02/center-in-egg-harbor-sells-for-25m.html | title=Egg Harbor Twp. center sells for $25M | first=Natalie | last=Kostelni | work=[[American City Business Journals]] | date=February 28, 2014}}</ref>


In 2015, the company acquired Lawndale Plaza in [[Philadelphia, Pennsylvania]] for $24.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/cedar-realty-trust-acquires-lawndale-plaza-in-philadelphia-pa-300043194.html | title=Cedar Realty Trust Acquires Lawndale Plaza In Philadelphia, PA | publisher=[[PRNewswire]] | date=March 2, 2015}}</ref>
In 2015, the company acquired Lawndale Plaza in [[Philadelphia, Pennsylvania]] for $24.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/cedar-realty-trust-acquires-lawndale-plaza-in-philadelphia-pa-300043194.html | title=Cedar Realty Trust Acquires Lawndale Plaza In Philadelphia, PA | publisher=[[PR Newswire]] | date=March 2, 2015}}</ref>


In 2016, the company acquired East River Park Shopping Center for $39 million<ref>{{cite news | url=http://www.costar.com/News/Article/Cedar-Realty-Trust-Expands-DC-Retail-Portfolio/178673 | title=Cedar Realty Trust Expands D.C. Retail Portfolio | first=Javier B. | last=Jennings | work=[[CoStar Group]] | date=January 6, 2016}}</ref> and The Shoppes at Arts District for $20.5 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Cedar-Realty-Trust-Purchases-Fully-Leased-Shopping-Center-in-Hyattsville/180169 | title=Cedar Realty Trust Purchases Fully Leased Shopping Center in Hyattsville | first=Javier B. | last=Jennings | work=[[CoStar Group]] | date=March 1, 2016}}</ref>
In 2016, the company acquired East River Park Shopping Center for $39 million<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/cedar-realty-trust-acquires-east-river-park-shopping-center-in-washington-dc-300198840.html | title=Cedar Realty Trust Acquires East River Park Shopping Center In Washington, D.C. | publisher=[[PR Newswire]] | date=January 4, 2016}}</ref> and The Shoppes at Arts District for $20.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/cedar-realty-trust-acquires-shoppes-at-arts-district-in-hyattsville-md-300226598.html | title=Cedar Realty Trust Acquires Shoppes At Arts District In Hyattsville, MD | publisher=[[PR Newswire]] | date=February 25, 2016}}</ref>


In 2017, the company acquired Christina Crossing for $29.3 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Cedar-Realty-Trust-Pays-$293M-for-Christina-Crossing/189640 | title=Cedar Realty Trust Pays $29.3M for Christina Crossing | first=Rohan | last=Nabar | work=[[CoStar Group]] | date=March 21, 2017}}</ref>
In 2017, the company acquired Christina Crossing for $29.3 million.<ref>{{cite news | url=https://www.delawarebusinesstimes.com/top-real-estate-deals-2017-far/ | title=Top real estate deals of this quarter | first=Kathy | last=Canavan | work=Delaware Business Times | date=May 1, 2017}}</ref>


==References==
==References==

Revision as of 21:37, 4 February 2019

Cedar Realty Trust, Inc.
Company typePublic company
NYSE: CDR
S&P 600 component
Founded1984; 40 years ago (1984)
Headquarters
Port Washington, New York
Key people
 Bruce J. Schanzer, President
Philip R. Mays, CFO
RevenueDecrease $0.146 billion (2017)
Increase $0.019 billion (2017)
Total assetsIncrease $1.252 billion (2017)
Total equityIncrease $0.630 billion (2017)
Number of employees
76 (2017)
Websitewww.cedarrealtytrust.com
Footnotes / references
[1]

Cedar Realty Trust, Inc. is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.

Investments

As of December 31, 2017, the company owned 61 properties containing 9.0 million square feet, including 26 properties in Pennsylvania.[1]

The company's largest tenants are as follows:[1]

Rank Tenant % of Total Revenue
1 Giant Food 9.6%
2 Shop Rite 3.7%
3 LA Fitness 3.0%
4 Stop & Shop 2.5%
5 Dollar Tree 2.2%
6 Farm Fresh Food & Pharmacy 2.0%
7 Home Depot 1.9%
8 Big Y 1.7%
9 Staples Inc. 1.6%
10 BJ's Wholesale Club 1.5%

History

The company was founded in 1984 as Cedar Shopping Centers.

In 2005, the company acquired a 27-property portfolio for $90 million[2] and Columbia Mall for $14 million, which it sold in 2013.[3] It also acquired The Shops at Suffolk Downs.[4]

In 2006, the company acquired Shaw's Plaza.[5]

In 2009, RioCan Real Estate Investment Trust acquired a 15% stake in the company as part of a joint venture agreement.[6]

In 2010, the company acquired a 20% interest in Exeter Commons.[7] It also acquired 7 shopping centers from Pennsylvania Real Estate Investment Trust for $168 million.[8] It also sold Gabriel Brothers Plaza for $4.5 million.[9]

In 2011, the company changed its name to Cedar Realty Trust. It also sold 5 sites in Ohio anchored by Discount Drug Mart.[10]

In 2014, the company acquired Quartermaster Plaza in South Philadelphia for $92.3 million.[11] It also sold Harbor Square for $25 million.[12]

In 2015, the company acquired Lawndale Plaza in Philadelphia, Pennsylvania for $24.5 million.[13]

In 2016, the company acquired East River Park Shopping Center for $39 million[14] and The Shoppes at Arts District for $20.5 million.[15]

In 2017, the company acquired Christina Crossing for $29.3 million.[16]

References

  1. ^ a b c "Cedar Realty Trust 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Cedar Shopping Centers buying Pa., Ohio properties". American City Business Journals. February 7, 2005.
  3. ^ "Cedar Realty Trust 2013 Annual Report" (PDF).
  4. ^ "Cedar Shopping Centers to acquire 'The Shops at Suffolk Downs'". American City Business Journals. July 14, 2005.
  5. ^ "Cedar Shopping Centers buys Shaw's Plaza". American City Business Journals. July 24, 2006.
  6. ^ VALORZI, JOHN (October 26, 2009). "RioCan makes $181-million U.S. foray". The Globe and Mail.
  7. ^ Kostelni, Natalie (May 12, 2010). "Cedar Shopping Centers, RioCan buying Pa. shopping center". American City Business Journals.
  8. ^ Kostelni, Natalie (August 16, 2010). "Cedar Shopping buying 7 PREIT centers". American City Business Journals.
  9. ^ "GABRIEL BROTHERS PLAZA SELLS IN OHIO". RE Business Online. January 4, 2010.
  10. ^ Ball, Brian R. (May 3, 2011). "Cedar Shopping Centers selling 5 area sites anchored by Discount Drug Marts". American City Business Journals.
  11. ^ Van Allen, Peter (March 26, 2014). "South Philly shopping center sells for $92.3 million". American City Business Journals.
  12. ^ Kostelni, Natalie (February 28, 2014). "Egg Harbor Twp. center sells for $25M". American City Business Journals.
  13. ^ "Cedar Realty Trust Acquires Lawndale Plaza In Philadelphia, PA" (Press release). PR Newswire. March 2, 2015.
  14. ^ "Cedar Realty Trust Acquires East River Park Shopping Center In Washington, D.C." (Press release). PR Newswire. January 4, 2016.
  15. ^ "Cedar Realty Trust Acquires Shoppes At Arts District In Hyattsville, MD" (Press release). PR Newswire. February 25, 2016.
  16. ^ Canavan, Kathy (May 1, 2017). "Top real estate deals of this quarter". Delaware Business Times.

External links

  • Business data for Cedar Realty Trust, Inc.:
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