Cedar Realty Trust, INC.: insider trades · United States · SEC (Form 4)

About Cedar Realty Trust, INC.

Cedar Realty Trust, Inc. is a U.S.-listed real estate vehicle traded on the NYSE/NASDAQ framework, with the preferred share class referenced here as CDR-PC. The company is now a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., and its headquarters are in Virginia Beach, Virginia, United States. For investors, Cedar should be viewed primarily as a retail-focused REIT platform rather than a broad diversified property company. Its core specialty is owning and operating income-producing shopping centers, with a strong emphasis on grocery-anchored retail assets. Cedar Realty Trust was originally organized in 1984 and later elected to be taxed as a real estate investment trust under U.S. tax rules. That REIT structure is important because it shapes the company’s capital allocation, dividend profile, and reporting framework. Historically, Cedar’s portfolio has been concentrated in the U.S. Northeast, especially in densely populated, urban and suburban markets stretching from Washington, D.C. to Boston. This geographic footprint is strategically relevant: it targets markets with high traffic, stable population density, and strong day-to-day consumer demand. The company’s main business lines are straightforward. Cedar acquires, owns, leases, operates, and, when appropriate, redevelops retail properties. Its most important asset category is the grocery-anchored shopping center. These centers are generally considered a defensive retail format because the presence of an essential-goods grocer draws regular customer traffic and supports surrounding tenants such as pharmacies, service businesses, quick-service restaurants, and convenience-oriented retailers. As a result, Cedar’s business model depends heavily on occupancy, lease rollover management, tenant mix, and the ability to preserve rental income through changing retail conditions. From a competitive standpoint, Cedar is best characterized as a specialized regional operator. Its niche is not nationwide scale, but focused expertise in the Northeast retail landscape and a portfolio positioned in relatively resilient, high-density trade areas. Compared with larger U.S. REIT peers, Cedar’s smaller size may limit diversification and scale advantages, but it can also allow a more targeted approach to asset management and redevelopment opportunities. Recent developments have centered on capital structure management and preferred stock activity. Company disclosures in 2024 and 2025 show continued use of dividend declarations and tender-offer activity for preferred securities, indicating active management of the capital stack. Public disclosures also continue to describe Cedar as a retail REIT focused on grocery-anchored shopping centers in the Northeast, while noting its status as a subsidiary of Wheeler REIT. For market participants, that combination matters: Cedar offers a defensive retail real estate exposure, but one that should be analyzed together with its preferred equity structure, corporate relationship to Wheeler, and the implications of its U.S. public listing on the NYSE/NASDAQ ecosystem.