$CDRPB
CEDAR REALTY TRUST, INC.

2021 Q2 Form 10-Q Financial Statement

#000156459021039136 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $10.84M $28.62M
YoY Change -62.11% -19.74%
Cost Of Revenue $3.664M $10.49M
YoY Change -65.07% -6.76%
Gross Profit $7.180M $18.13M
YoY Change -60.4% -25.73%
Gross Profit Margin 66.21% 63.35%
Selling, General & Admin $5.096M $3.910M
YoY Change 30.33% -27.86%
% of Gross Profit 70.97% 21.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.26M $14.42M
YoY Change -28.86% 39.32%
% of Gross Profit 142.87% 79.54%
Operating Expenses $11.74M $18.33M
YoY Change -35.97% -32.14%
Operating Profit $49.81M -$200.0K
YoY Change -25007.0% -92.32%
Interest Expense $3.803M -$5.680M
YoY Change -166.95% -4.38%
% of Operating Profit 7.63%
Other Income/Expense, Net -$3.803M
YoY Change
Pretax Income $46.01M -$6.010M
YoY Change -865.57% -208.48%
Income Tax
% Of Pretax Income
Net Earnings $51.06M -$6.009M
YoY Change -949.64% -208.39%
Net Earnings / Revenue 470.81% -21.0%
Basic Earnings Per Share $3.52
Diluted Earnings Per Share $3.52 -$465.3K
COMMON SHARES
Basic Shares Outstanding 13.20M
Diluted Shares Outstanding 13.20M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.603M $68.20M
YoY Change -91.78% 3147.62%
Cash & Equivalents $5.603M $68.23M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $23.25M $23.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.053B $1.124B
YoY Change -6.34% -2.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.481M
YoY Change
Other Assets $230.0K
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.117B $1.254B
YoY Change -10.96% 3.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $523.5M $701.3M
YoY Change -25.35% 12.44%
Other Long-Term Liabilities $8.355M $9.600M
YoY Change -12.97% -50.77%
Total Long-Term Liabilities $531.9M $710.9M
YoY Change -25.18% 10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $531.9M $710.9M
Total Liabilities $576.9M $776.2M
YoY Change -25.67% 13.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $818.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.91M
YoY Change
Treasury Stock Shares
Shareholders Equity $535.3M $477.9M
YoY Change
Total Liabilities & Shareholders Equity $1.117B $1.254B
YoY Change -10.96% 3.11%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $51.06M -$6.009M
YoY Change -949.64% -208.39%
Depreciation, Depletion And Amortization $10.26M $14.42M
YoY Change -28.86% 39.32%
Cash From Operating Activities $15.26M $11.13M
YoY Change 37.14% -42.09%
INVESTING ACTIVITIES
Capital Expenditures -$6.812M -$8.830M
YoY Change -22.85% -43.0%
Acquisitions
YoY Change
Other Investing Activities $100.8M
YoY Change
Cash From Investing Activities $93.95M -$8.830M
YoY Change -1164.03% 30.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -106.5M -8.950M
YoY Change 1090.19% -14.11%
NET CHANGE
Cash From Operating Activities 15.26M 11.13M
Cash From Investing Activities 93.95M -8.830M
Cash From Financing Activities -106.5M -8.950M
Net Change In Cash 2.696M -6.650M
YoY Change -140.54% -424.39%
FREE CASH FLOW
Cash From Operating Activities $15.26M $11.13M
Capital Expenditures -$6.812M -$8.830M
Free Cash Flow $22.08M $19.96M
YoY Change 10.6% -42.49%

Facts In Submission

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EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
46000
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
59000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
95000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
122000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1046000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
972000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1926000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1986000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
642000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
25.86
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
119000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.58
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
95000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
34.11
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
7000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.63
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
659000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.01
cdr Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Maximum Shares To Be Earned
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumSharesToBeEarned
113636
cdr Share Based Compensation Average Annual Stock Holders Return Percentage Description
ShareBasedCompensationAverageAnnualStockHoldersReturnPercentageDescription
The percentage of the market performance-based equity award to be earned will be determined based on the Company’s annual return on an investment in the Company’s common stock (“TSR”) over the Interim Performance Period and/or over the Full Performance Period as follows: if average annual TSR (1) is below 4%, the percentage of grant earned would be 0%, (2) equals 4%, the percentage of grant earned would be 33.3%, (3) equals 6.5%, the percentage of grant earned would be 66.7%, and (4) equals 10% or above, the percentage of grant earned would be 100%.
CY2021Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
51464000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-6009000
us-gaap Profit Loss
ProfitLoss
52717000
us-gaap Profit Loss
ProfitLoss
-8107000
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2688000
CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2688000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5376000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5376000
CY2021Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
409000
CY2020Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
88000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
550000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
236000
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1878000
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
28000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1850000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
182000
CY2021Q2 cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
46489000
CY2020Q2 cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-8813000
cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
44941000
cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-13901000
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13197000
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13107000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13171000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13097000
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
3.52
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.67
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
3.41
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.06
CY2021Q2 cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
CY2020Q2 cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000

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