Reading the tape
NYSE: CDR-PB
Cedar Realty Trust, Inc.
Real Estate · REIT - Retail
Market Cap
$305.86M
52w High
$22.49
52w Low
$15.36
P/E
0.17
Volume
2.33K
Outstanding Shares
13.72M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 33.1%Revenue (TTM): -13.65%FCF (TTM): 308.67%P/FCF: 90th pct
What changed
The stock rose 33.1% over the last year. Revenue declined 13.65% over the trailing twelve months. Operating margin moved from 39.5% to 37.32%. Free cash flow grew 308.67% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 90th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 37.32%) would need to stabilize or improve to justify the move. Revenue is declining 13.65% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston.
CEOMichael Andrew Franklin
SectorReal Estate
IndustryREIT - Retail
Employees55
IPO dateMay 24, 2012
Valuation
Forward P/E—
EV/EBITDA25.45
Enterprise value$380.67M
Price / Book48.07
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-11.19%
Gross margin66.77%▼79.53%vs FY2024
Operating margin38.84%▼26.08%vs FY2024
ROE-29.4%▼463.66%vs FY2024
Analyst consensus
Rating—
Target price—
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 8, 2026
Q2 FY26 · EPS est — · Revenue est —
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