Cedar Realty Trust, Inc. will pay a cash dividend of $0.05 per share on the company's common stock and $0.453125 per share on the company's 7.25% Series B Cumulative Redeemable Preferred Stock on May 20, 2013 to shareholders of record as of the close of business on May 10, 2013.

Cedar Realty Trust, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $36,963,000 compared to $34,384,000 a year ago. Operating income was $13,202,000 compared to $4,311,000 a year ago. Income from continuing operations was $4,361,000 compared to loss from continuing operations of $7,945,000 a year ago. Net loss attributable to company was $912,000 or $0.02 per basic and diluted share compared to $9,340,000 or $0.0.14 per basic and diluted share a year ago. Funds from operations was $6,945,000 or $0.10 per diluted share compared to $5,296,000 or $0.07 per diluted share a year ago. Operating funds from operations was $8,739,000 or $0.12 per diluted share against $7,933,000 $0.11 per diluted share a year ago. The increase in operating FFO was accomplished by reducing debt and financial leverage. The company reaffirms its 2013 guidance for Operating FFO to be a range of $0.46 to $0.49 per diluted share.

Cedar Realty Trust, Inc., Q1 2013 Earnings Call, May 09, 2013