XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES    
Rents $ 28,372,000 $ 27,329,000
Expense recoveries 8,920,000 8,007,000
Other 55,000 223,000
Total revenues 37,347,000 35,559,000
EXPENSES    
Operating, maintenance and management 8,026,000 6,795,000
Real estate and other property-related taxes 4,507,000 4,465,000
General and administrative 3,524,000 3,270,000
Employee termination costs   106,000
Impairment charges/(reversal) 82,000 (1,100,000)
Acquisition costs 2,870,000  
Depreciation and amortization 9,448,000 9,501,000
Total expenses 28,457,000 23,037,000
OPERATING INCOME 8,890,000 12,522,000
NON-OPERATING INCOME AND EXPENSES    
Interest expense (8,058,000) (8,887,000)
Early extinguishment of debt costs (101,000) (85,000)
Gain on sales   346,000
Total non-operating income and expense (8,159,000) (8,626,000)
INCOME FROM CONTINUING OPERATIONS 731,000 3,896,000
DISCONTINUED OPERATIONS    
Income (loss) from operations 1,043,000 (44,000)
Impairment charges (64,000)  
Total income (loss) from discontinued operations 979,000 (44,000)
NET INCOME 1,710,000 3,852,000
Less, net loss attributable to noncontrolling interests:    
Minority interests in consolidated joint ventures 66,000 6,000
Limited partners' interest in Operating Partnership 11,000 3,000
Total net loss attributable to noncontrolling interests 77,000 9,000
NET INCOME ATTRIBUTABLE TO CEDAR REALTY TRUST, INC. 1,787,000 3,861,000
Preferred stock dividends (3,602,000) (3,607,000)
Preferred stock redemption costs   (1,166,000)
NET (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,815,000) $ (912,000)
PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (BASIC AND DILUTED)    
Continuing operations $ (0.04) $ (0.02)
Discontinued operations $ 0.01 $ 0.00
Per common share attributable to common shareholders (basic and diluted) $ (0.03) $ (0.02)
Weighted average number of common shares - basic and diluted 74,620,000 68,339,000