Key Developments: Cedar Realty Trust Inc (CDR.N)

CDR.N on New York Stock Exchange

5.49USD
3:40pm EDT
Price Change (% chg)

$0.02 (+0.37%)
Prev Close
$5.47
Open
$5.45
Day's High
$5.52
Day's Low
$5.45
Volume
37,239
Avg. Vol
135,496
52-wk High
$6.63
52-wk Low
$4.61

Search Stocks

Latest Key Developments (Source: Significant Developments)

Cedar Realty Trust Inc Closes $310 Million Unsecured Credit Facility
Thursday, 1 Aug 2013 04:26pm EDT 

Cedar Realty Trust Inc announced the closing of a $310 million unsecured credit facility. The new facility is comprised of a three-year $260 million revolving credit facility and a five-year $50 million term loan. Borrowings under the new facility are initially priced at LIBOR plus 195 bps, and can range from LIBOR plus 165 bps to 225 bps based on the Company's leverage ratio. The revolving credit facility may be extended for two additional one-year periods. Under an accordion feature, the new facility can be increased to $500 million. This unsecured credit facility replaces in its entirety the Company's prior secured credit facility. The Company's bank group was led by KeyBank National Association, as Administrative Agent, and Bank of America, N.A., as Syndication Agent. Manufacturers and Traders Trust Company and Regions Bank acted as co-documentation agents. Other banks in the syndicate include TD Bank, N.A.;  Full Article

Cedar Realty Trust Inc Declares Dividends on Common and Preferred Stock
Monday, 29 Jul 2013 04:57pm EDT 

Cedar Realty Trust Inc announced that Board of Directors has formally approved the payment of a cash dividend of $0.05 per share on the Company's Common Stock, payable on August 20, 2013 to shareholders of record as of the close of business on August 9, 2013. The Company also announced that the Board of Directors has approved payment of a cash dividend of $0.4531250 on the Company's 7 ΒΌ% Series B Cumulative Redeemable Preferred Stock, payable on August 20, 2013 to shareholders of record as of the close of business on August 9, 2013.  Full Article

Cedar Realty Trust Inc Reaffirms FY 2013 FFO Guidance
Thursday, 9 May 2013 04:02pm EDT 

Cedar Realty Trust Inc reaffirmed its fiscal 2013 guidance and expects Operating FFO guidance range of $0.46 to $0.49 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.48 for fiscal 2013.  Full Article

Cedar Realty Trust Inc Issues FY 2013 FFO Guidance In Line With Analysts' Estimates
Thursday, 7 Mar 2013 04:05pm EST 

Cedar Realty Trust Inc announced that for fiscal 2013, it expects operating FFO in a range of $0.46 to $0.49 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.46 for fiscal 2013.  Full Article

Cedar Realty Trust Inc Declares Dividend On Common And Preferred Stock
Thursday, 7 Mar 2013 04:01pm EST 

Cedar Realty Trust Inc announced that Board of Directors approved the payment of a cash dividend of $0.05 per share on the Company's common stock and $0.453125 on the Company's 7.25% Series B Cumulative Redeemable Preferred Stock. The common and preferred dividends are payable on May 20, 2013 to shareholders of record as of the close of business on May 10, 2013.  Full Article

Cedar Realty Trust Inc Announces Exercise Of Over-Allotment Option
Tuesday, 12 Feb 2013 04:56pm EST 

Cedar Realty Trust Inc announced that the underwriters of its 7.25% Series B Cumulative Redeemable Preferred Stock offering exercised their over-allotment option to purchase 300,000 shares in addition to the 2 million shares that priced on February 7, 2013. Gross proceeds, before underwriting costs, for the full 2.3 million shares were approximately $56.5 million and closing occurred.  Full Article

RioCan Real Estate Investment Trust Announces Sale Of Entire Equity Position In Cedar Realty Trust Inc
Thursday, 7 Feb 2013 06:34pm EST 

RioCan Real Estate Investment Trust announced that it has sold all 9.4 million shares of Cedar Realty Trust, Inc. (Cedar) in a block trade through Goldman, Sachs & Co. for total proceeds of approximately USD48 million. As previously disclosed on September 6, 2012, RioCan and Cedar Realty Trust Inc announced that they agreed to dissolve their joint venture arrangement, and effective February 1, 2013, RioCan assumed all property and asset management activities for the properties that were previously managed by Cedar. As a result of the sale of these shares held, RioCan no longer has any equity position in Cedar Realty Trust Inc.  Full Article

Cedar Realty Trust Inc Prices Offering Of Its 7.25% Series B Cumulative Redeemable Preferred Stock
Thursday, 7 Feb 2013 04:08pm EST 

Cedar Realty Trust Inc announced that it has priced an underwritten public offering of 2,000,000 shares of its 7.25% Series B Cumulative Redeemable Preferred Stock at $24.5813 per share. Gross proceeds to the Company will be approximately $47.6 million. Closing of the offering is scheduled for February 12, 2013, subject to customary closing conditions. As part of the offering, the Company granted the underwriters a 30-day option to purchase an additional 300,000 shares. The Company intends to use the net proceeds from the offering to redeem all the remaining outstanding shares of its 8.875% Series A Cumulative Redeemable Preferred Stock, with the balance to be used for working capital and other corporate purposes. Pending such use, the net proceeds will be used to temporarily repay amounts outstanding under the Company's secured revolving credit facility.  Full Article

Cedar Realty Trust Inc Declares Dividends On Common And Preferred Stock
Friday, 25 Jan 2013 02:32pm EST 

Cedar Realty Trust Inc announced that Board of Directors has formally approved the payment of a cash dividend of $0.05 per share on the Company's Common Stock, payable on February 20, 2013 to shareholders of record as of the close of business on February 8, 2013. The Company also announced that the Board has approved payment of a cash dividend of $0.5546875 per share on the Company's 8 7/8% Series A Cumulative Redeemable Preferred Stock, and a cash dividend of $0.4531250 on the Company's 7 1/4% Series B Cumulative Redeemable Preferred Stock. Both the Series A and Series B Preferred Stock dividends are payable on February 20, 2013 to shareholders of record as of the close of business on February 8, 2013.  Full Article

Cedar Realty Trust Inc Raises Low End Of Prior FY 2012 FFO Guidance
Thursday, 8 Nov 2012 04:01pm EST 

Cedar Realty Trust Inc announced that it has increased the low end of its fiscal 2012 operating FFO guidance to an updated range of $0.48 to $0.50 per diluted share.  Full Article

Search Stocks