Cedar Realty Trust issues cautious guidance

• Q4 operating FFO of $10.3M or $0.13 per share vs. $9.2M and $0.13 one year ago. Full-year operating FFO of $42.5M or $0.54 per share.
• Same-property NOI up 2.6% including redevelopments and 1.9% excluding.
• Signed 31 new and renewal leases during Q for 232.8K square feet. Comparable cash-basis spreads of 10.3%.
• Total portfolio 93.3% leased down 30 basis points Y/Y; same-property portfolio 93.7% leased down 20 bps.
• 2015 outlook: Operating FFO per share of $0.50-$0.53 vs. $0.54 in 2014.
• Conference call at 5 ET
• Previously: Cedar Shopping Centers reports Q4 results (Feb. 19)
• CDR flat after hours