$CDRPB
CEDAR REALTY TRUST, INC.

2021 Q4 Form 10-Q Financial Statement

#000156459021054506 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $31.22M $30.56M $31.18M
YoY Change -6.14% -1.97% -13.19%
Cost Of Revenue $11.83M $10.37M $10.83M
YoY Change 3.43% -4.28% -5.83%
Gross Profit $19.39M $20.20M $20.34M
YoY Change -11.16% -0.71% -16.67%
Gross Profit Margin 62.1% 66.08% 65.24%
Selling, General & Admin $4.403M $4.229M $3.930M
YoY Change 9.26% 7.61% -19.63%
% of Gross Profit 22.71% 20.94% 19.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.476M $9.510M $10.04M
YoY Change -16.9% -5.28% -4.74%
% of Gross Profit 43.72% 47.09% 49.36%
Operating Expenses $12.88M $13.74M $24.79M
YoY Change -9.49% -44.58% -7.95%
Operating Profit $6.506M $6.456M -$4.452M
YoY Change -14.28% -245.01% 76.53%
Interest Expense -$4.342M -$4.603M -$5.660M
YoY Change -15.2% -18.67% -6.14%
% of Operating Profit -66.74% -71.3%
Other Income/Expense, Net -$3.152M -$5.658M
YoY Change -44.29% -6.22%
Pretax Income -$16.84M -$80.88M $1.400M
YoY Change -372.44% -5877.36% -52.54%
Income Tax
% Of Pretax Income
Net Earnings -$16.75M -$80.88M $1.404M
YoY Change -370.9% -5860.9% -49.5%
Net Earnings / Revenue -53.66% -264.65% 4.5%
Basic Earnings Per Share -$1.37 -$6.28
Diluted Earnings Per Share -$1.261M -$6.076M $96.87K
COMMON SHARES
Basic Shares Outstanding 13.25M
Diluted Shares Outstanding 13.25M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.039M $4.731M $3.600M
YoY Change 89.94% 31.42% 80.0%
Cash & Equivalents $3.039M $4.731M $3.568M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $21.87M $22.29M $23.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $50.00K $967.6M $1.122B
YoY Change -41.18% -13.73% -2.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.654M $3.193M
YoY Change
Other Assets $230.0K $230.0K
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.017B $1.037B $1.198B
YoY Change -13.62% -13.48% -2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $527.0M $527.2M $645.3M
YoY Change -15.58% -18.31% 2.17%
Other Long-Term Liabilities $7.789M $8.066M $9.300M
YoY Change -12.48% -13.27% -55.92%
Total Long-Term Liabilities $534.8M $535.2M $654.6M
YoY Change -15.54% -18.23% 0.29%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $534.8M $535.2M $654.6M
Total Liabilities $576.9M $584.5M $716.7M
YoY Change -16.36% -18.44% 2.52%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $820.0K $5.359M
YoY Change 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.27M $15.19M
YoY Change -12.34%
Treasury Stock Shares
Shareholders Equity $437.4M $452.2M $477.8M
YoY Change
Total Liabilities & Shareholders Equity $1.017B $1.037B $1.198B
YoY Change -13.62% -13.48% -2.0%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$16.75M -$80.88M $1.404M
YoY Change -370.9% -5860.9% -49.5%
Depreciation, Depletion And Amortization $8.476M $9.510M $10.04M
YoY Change -16.9% -5.28% -4.74%
Cash From Operating Activities $12.64M $7.515M $1.650M
YoY Change -22.96% 355.45% -79.37%
INVESTING ACTIVITIES
Capital Expenditures -$8.697M -$5.850M -$11.18M
YoY Change -10.62% -47.67% 29.4%
Acquisitions
YoY Change
Other Investing Activities -$1.461M -$712.0K $5.010M
YoY Change -109.04% -114.21%
Cash From Investing Activities -$10.16M -$6.562M -$6.160M
YoY Change -257.98% 6.53% -28.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.177M -1.825M -60.16M
YoY Change -83.14% -96.97% -11240.74%
NET CHANGE
Cash From Operating Activities 12.64M 7.515M 1.650M
Cash From Investing Activities -10.16M -6.562M -6.160M
Cash From Financing Activities -4.177M -1.825M -60.16M
Net Change In Cash -1.692M -872.0K -64.67M
YoY Change -12.33% -98.65% 64570.0%
FREE CASH FLOW
Cash From Operating Activities $12.64M $7.515M $1.650M
Capital Expenditures -$8.697M -$5.850M -$11.18M
Free Cash Flow $21.34M $13.37M $12.83M
YoY Change -18.36% 4.17% -22.9%

Facts In Submission

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239000
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
22.71
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
40000
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
17.20
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
507000
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
24.00
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%.
CY2021Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
400000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
400000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
500000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-80883000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
1404000
us-gaap Profit Loss
ProfitLoss
-28166000
us-gaap Profit Loss
ProfitLoss
-6703000
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2688000
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2688000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8064000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8064000
CY2021Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-367000
CY2020Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
137000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
183000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
373000
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
29000
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
28000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
92000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
210000
CY2021Q3 cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-83233000
CY2020Q3 cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-1449000
cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-36505000
cdr Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-15350000
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13110000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13191000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13101000
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-6.28
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.77
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.17
cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13252000
CY2021Q3 cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000
CY2020Q3 cdr Weighted Average Number Of Operating Partnership Units Outstanding
WeightedAverageNumberOfOperatingPartnershipUnitsOutstanding
81000

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