Cedar Realty Trust, Inc. (CDR Quick QuoteCDR ) stock is up big over the last year. But the REIT’s near-term outlook is far from impressive and it fell short of our second quarter estimates at the end of July.
What’s Going On?
Cedar Realty Trust is a fully-integrated REIT focused on the ownership, operation, and redevelopment of grocery-anchored shopping centers. The company operates in high-density urban areas ranging from Boston to D.C. CDR’s revenue fell 5% in 2019 and 6% during the covid-hit 2020.
Cedar Realty Trust’s second quarter sales....More>>>