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By Ru Back Packer Staff, updated Thursday, February 1, 6:38 AM

Slide #39. Cedar Realty Trust, Inc. Preferred Stock Offering

Company: Cedar Realty Trust, Inc. (NYSE:CDR)
Date announced: 8/16/2017
Shares Offered: 3,000,000
Date of Pricing: 8/16/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Cedar Realty Trust, Inc. (NYSE: CDR) (the "Company") today announced that it has commenced an offering to sell shares of Series C Cumulative Redeemable Preferred Stock in an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series C Cumulative Redeemable Preferred Stock initially sold to the public. -updated 8/16- Cedar Realty Trust, Inc. (NYSE: CDR) (the "Company") announced it has priced an underwritten public offering of 3,000,000 shares of its 6.50% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") at $25.00 per share. Gross proceeds to the Company will be approximately $75,000,000. Closing of the offering is scheduled for August 24, 2017, subject to customary closing conditions. As part of the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 450,000 shares.

Cedar Realty Trust is a real estate investment trust that focuses primarily on ownership and operation of grocery-anchored shopping centers straddling the Washington, DC to Boston corridor. Cedar Realty Trust Partnership, L.P. (the Operating Partnership) is the entity through which Co. conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. At Dec 31 2016, Co. owned a 99.6% economic interest in, and was the sole general partner of, the Operating Partnership. At Dec 31 2016, Co. owned and managed a portfolio of 61 operating properties (excluding properties held for sale).

Preferreds: CDR.PRA, CDR.PRB

Open the CDR Page at Ru Back Packer »

Name: Cedar Realty Trust Inc
Sector: REITs
Number of ETFs Holding CDR: 40 (see which ones)
Total Market Value Held by ETFs: $79,692,511
Total Market Capitalization: $469,000,000
% of Market Cap. Held by ETFs: 16.99%

Open the CDR Page at Ru Back Packer (in a new window) »

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