Cedar Realty Trust Q3 Operating FFO Increases

(RTTNews) - Cedar Realty Trust Inc. (CDR) reported that its Operating FFO for third quarter 2014 was $10.8 million or $0.14 per share, up from $9.5 million or $0.13 per share for the same period in 2013.

Net income attributable to common shareholders for third quarter 2014 was $2.2 million or $0.03 per diluted share, compared to net loss of $3.5 million or $0.05 per share for the same period in 2013.

Total revenues were $36.26 million up from $34.18 million in the previous year.

The Company raised the low end of its 2014 Operating FFO guidance to a new range of $0.53 to $0.54 per share from the previous range of $0.52 to $0.54 per share.

The Company's Board of Directors has approved a cash dividend of $0.05 per share on its common stock and $0.453125 per share on its 7.25% Series B Cumulative Redeemable Preferred Stock, both payable on November 20, 2014 to shareholders of record as of the close of business on November 10, 2014.