Cedar Realty Trust, Inc. Liquidation Value Calculator
Cedar Realty Trust, Inc.
Current Price: N/A
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Advanced: All 124 XBRL Tags
Every XBRL tag from SEC EDGAR filings, grouped by financial statement type. total = may include children, fact = independent leaf value.
Balance Sheet
| Tag | Value | Unit | ||
|---|---|---|---|---|
| cash | ||||
| Cash And Cash Equivalents At Carrying Value total CashAndCashEquivalentsAtCarryingValue |
$5.15M | USD | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations total CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
$15.87M | USD | ||
| Restricted Cash total RestrictedCash |
$10.72M | USD | ||
| AI Insight · Restricted cash of $10.7M is encumbered and not freely available in a general liquidation scenario. The lender-controlled reserve nature of restricted cash in real estate workouts means this balance likely serves as collateral or reserve against specific loan obligations rather than unrestricted liquidity. Total cash including restricted is $15.9M; unrestricted cash is only $5.2M. | ||||
| Restricted Cash And Cash Equivalents total RestrictedCashAndCashEquivalents |
$10.72M | USD | ||
| liabilities_total | ||||
| Liabilities total | $158.83M | USD | ||
| long_term_debt | ||||
| Debt Instrument Carrying Amount total DebtInstrumentCarryingAmount |
$142.82M | USD | ||
| Long Term Debt total LongTermDebt |
$140.01M | USD | ||
| operating_lease_liability | ||||
| Operating Lease Liability total OperatingLeaseLiability |
$2.02M | USD | ||
| shares_outstanding | ||||
| Common Stock Shares Outstanding total CommonStockSharesOutstanding |
13.7M | shares | ||
Unmapped Tags (113)
| Accounts Receivable Net AccountsReceivableNet | $5.67M | USD | ||
| Additional Paid In Capital AdditionalPaidInCapital | $871.85M | USD | ||
| Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable | $100,000 | USD | ||
| Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases | $-181,000 | USD | ||
| Assets Assets | $165.19M | USD | ||
| Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid | $524,000 | USD | ||
| Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare | $0 | USD/shares | ||
| Common Stock Shares Authorized CommonStockSharesAuthorized | $150.00M | shares | ||
| Common Stock Shares Issued CommonStockSharesIssued | $13.72M | shares | ||
| Common Stock Value CommonStockValue | $823,000 | USD | ||
| Deferred Finance Costs Net DeferredFinanceCostsNet | $2.81M | USD | ||
| Deferred Rent Receivables Net DeferredRentReceivablesNet | $3.75M | USD | ||
| Dividends Preferred Stock DividendsPreferredStock | $6.07M | USD | ||
| Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount | $6.00M | USD | ||
| Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity | $165.19M | USD | ||
| Loans Payable LoansPayable | $140.01M | USD | ||
| AI Insight · Secured debt of $140.0M at face value ($142.8M gross carrying before deferred financing costs) sits at 5.6% weighted average rate. Maturity schedule is back-loaded: only $121K due in 2026 and $298K in 2027, but $19.1M matures in 2027 and $119.0M after year five. The full face value must be honored in liquidation. At face, this debt consumes nearly all estimated liquidation value of real estate, leaving negligible to no residual for preferred holders after also clearing $6.5M in accruals and $11.3M in related-party payables. | ||||
| Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset | $2.02M | USD | ||
| Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities | $6.46M | USD | ||
| Other Liabilities OtherLiabilities | $11.28M | USD | ||
| AI Insight · OtherLiabilities of $11.3M represents amounts due to parent WHLR: financings/real estate taxes ($7.2M, flat YoY), management fees ($1.2M, up from $634K), leasing commissions ($892K), sales commissions ($488K), and Cost Sharing Agreement allocations ($1.5M, up from $800K). This intercompany payable is classified as a liability at face value in liquidation and must be settled before equity recovery. The trend is upward, increasing $1.8M year-over-year. | ||||
| Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact | $6.07M | USD | ||
| Preferred Stock Shares Authorized PreferredStockSharesAuthorized | $12.50M | shares | ||
| Preferred Stock Value PreferredStockValue | $76.19M | USD | ||
| AI Insight · Preferred stock at $76.2M carrying value (combination of Series B and Series C) ranks senior to common equity. In liquidation, preferred holders have a $76.2M liquidation preference to satisfy before any common recovery. Given that net asset liquidation value after debt is estimated at best marginally positive, preferred holders face material shortfall risk. The company repurchased $41.9M of preferred in 2025 at below-par prices, which confirms the market's assessment of sub-par recovery. | ||||
| Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses | $170,000 | USD | ||
| Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation | $114.53M | USD | ||
| Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost | $250.67M | USD | ||
| Real Estate Investment Property Net RealEstateInvestmentPropertyNet | $136.14M | USD | ||
| AI Insight · Net real estate of $136.1M is the dominant asset, down from $172.2M at prior year-end, a $36M reduction driven by disposals of $50.9M gross and $5.8M in impairment charges, partially offset by $3.5M in improvements. Under liquidation, 50-70% recovery on the buildings component ($202M gross) yields $100M-$141M, plus land recovery ($48.7M at near par). Total liquidation value of real property is likely $125M-$155M — tight against $140M of secured debt alone, leaving minimal to no residual for unsecured creditors and preferred holders. | ||||
| Stockholders Equity StockholdersEquity | $6.36M | USD | ||
| AI Insight · Total stockholders' equity of $6.4M is effectively a residual accounting entry. AccumulatedDistributionsInExcessOfNetIncome stands at $942.5M, absorbing AdditionalPaidInCapital of $871.9M plus preferred stock of $76.2M. Common equity book value is near zero. In liquidation, after satisfying $158.8M in liabilities at face value, there is no scenario where common equity recovers value. This aligns with the MFFAIS CLV/LLV/OLV of negative $136.9M. | ||||
| Stockholders Equity Other StockholdersEquityOther | $0 | USD | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | $-14.75M | USD | ||
| Depreciation And Amortization DepreciationAndAmortization | $7.70M | USD | ||
| Gain Loss On Sale Of Properties GainLossOnSaleOfProperties | $5.04M | USD | ||
| Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | $1.39M | USD | ||
| Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable | $268,000 | USD | ||
| Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | $388,000 | USD | ||
| Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue | $8.02M | USD | ||
| Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive | $7.14M | USD | ||
| Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths | $177,000 | USD | ||
| Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive | $177,000 | USD | ||
| Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour | $177,000 | USD | ||
| Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree | $177,000 | USD | ||
| Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo | $177,000 | USD | ||
| Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived | $106.60M | USD | ||
| Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears | $10.98M | USD | ||
| Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears | $13.56M | USD | ||
| Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths | $19.57M | USD | ||
| Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter | $27.75M | USD | ||
| Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears | $15.86M | USD | ||
| Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears | $18.89M | USD | ||
| Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive | $118.96M | USD | ||
| Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths | $121,000 | USD | ||
| Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive | $2.22M | USD | ||
| Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour | $2.11M | USD | ||
| Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree | $19.11M | USD | ||
| Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo | $298,000 | USD | ||
| Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities | $-52.72M | USD | ||
| Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities | $29.99M | USD | ||
| Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities | $7.97M | USD | ||
| Payments For Capital Improvements PaymentsForCapitalImprovements | $3.52M | USD | ||
| Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock | $41.91M | USD | ||
| AI Insight · The $41.9M in preferred stock repurchases in 2025 (versus $52.4M cumulative 2024-Q3 2025 per prior filing) represents a significant cash drain funded by asset disposals and new borrowings. From a liquidation standpoint, these repurchases reduced the liquidation preference overhang on the balance sheet but at the cost of liquidity and incremental debt. The repurchase activity at below-liquidation-value prices confirms that the market prices these instruments at a discount to stated par. | ||||
| Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts | $521,000 | USD | ||
| Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock | $6.56M | USD | ||
| Payments Of Financing Costs PaymentsOfFinancingCosts | $456,000 | USD | ||
| Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue | $41.91M | USD | ||
| Earnings Per Share Basic EarningsPerShareBasic | $1 | USD/shares | ||
| Earnings Per Share Diluted EarningsPerShareDiluted | $1 | USD/shares | ||
| General And Administrative Expense GeneralAndAdministrativeExpense | $2.57M | USD | ||
| Interest Expense Nonoperating InterestExpenseNonoperating | $9.13M | USD | ||
| Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate | $0 | pure | ||
| Net Income Loss NetIncomeLoss | $-1.87M | USD | ||
| Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic | $10.85M | USD | ||
| Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted | $10.85M | USD | ||
| Nonoperating Income Expense NonoperatingIncomeExpense | $-9.85M | USD | ||
| Operating Expenses OperatingExpenses | $20.95M | USD | ||
| Operating Income Loss OperatingIncomeLoss | $7.98M | USD | ||
| Operating Lease Expense OperatingLeaseExpense | $200,000 | USD | ||
| Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent | $0 | pure | ||
| Other Cost And Expense Operating OtherCostAndExpenseOperating | $6.23M | USD | ||
| Other Operating Income Expense Net OtherOperatingIncomeExpenseNet | $-731,000 | USD | ||
| Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent | $1.83M | USD | ||
| Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax | $29.66M | USD | ||
| SEC Schedule III Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense | $6.92M | USD | ||
| Amortization Of Financing Costs AmortizationOfFinancingCosts | $583,000 | USD | ||
| Area Of Land AreaOfLand | $1.94M | sqft | ||
| Depreciation Depreciation | $6.90M | USD | ||
| Depreciation Depletion And Amortization DepreciationDepletionAndAmortization | $7.70M | USD | ||
| Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal | $5.04M | USD | ||
| Impairment Of Real Estate ImpairmentOfRealEstate | $5.78M | USD | ||
| AI Insight · Property impairments of $5.8M in 2025 compare to $1.1M in 2024 — a 5x acceleration. Under liquidation lens, impairments confirm that book values on specific properties already exceed recoverable amounts; they reduce the gross real estate carrying value and signal that GAAP book net real estate of $136.1M is not a floor for liquidation proceeds. The impairment is reflected in Schedule III as a direct reduction of RealEstateGrossAtCarryingValue. | ||||
| Interest Paid Net InterestPaidNet | $8.43M | USD | ||
| Number Of Reportable Segments NumberOfReportableSegments | $1 | segment | ||
| Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation | $114.53M | USD | ||
| Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements | $201.97M | USD | ||
| Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand | $48.69M | USD | ||
| Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements | $164.71M | USD | ||
| Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand | $46.76M | USD | ||
| Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue | $250.67M | USD | ||
| AccumulatedDistributionsInExcessOfNetIncome AccumulatedDistributionsInExcessOfNetIncome | $942.50M | USD | ||
| AI Insight · Accumulated deficit of $942.5M reflects cumulative distributions and losses over the company's history. While not a direct liquidation line item, this confirms the long-standing capital consumption pattern. The scale relative to total assets ($165M) illustrates that historical book equity has been fully consumed many times over through distributions and losses. | ||||
| BelowMarketLeaseAccumulatedAmortization BelowMarketLeaseAccumulatedAmortization | $14.80M | USD | ||
| BelowMarketLeaseAmortizationIncomeAfterYearFive BelowMarketLeaseAmortizationIncomeAfterYearFive | $239,000 | USD | ||
| BelowMarketLeaseAmortizationIncomeNextTwelveMonths BelowMarketLeaseAmortizationIncomeNextTwelveMonths | $181,000 | USD | ||
| BelowMarketLeaseAmortizationIncomeYearFive BelowMarketLeaseAmortizationIncomeYearFive | $121,000 | USD | ||
| BelowMarketLeaseAmortizationIncomeYearFour BelowMarketLeaseAmortizationIncomeYearFour | $181,000 | USD | ||
| BelowMarketLeaseAmortizationIncomeYearThree BelowMarketLeaseAmortizationIncomeYearThree | $181,000 | USD | ||
| BelowMarketLeaseAmortizationIncomeYearTwo BelowMarketLeaseAmortizationIncomeYearTwo | $181,000 | USD | ||
| BelowMarketLeaseNet BelowMarketLeaseNet | $1.08M | USD | ||
| DeferredCostsAndOtherAssets DeferredCostsAndOtherAssets | $7.51M | USD | ||
| DeferredCostsLeasingAccumulatedAmortization DeferredCostsLeasingAccumulatedAmortization | $6.80M | USD | ||
| DeferredCostsLeasingNet DeferredCostsLeasingNet | $3.66M | USD | ||
| AI Insight · Deferred leasing costs net of $3.7M ($10.5M gross, $6.8M accumulated amortization) and deferred financing costs net of $2.8M carry zero liquidation value under standard haircut assumptions — intangibles receive 0% recovery. These balances inflate GAAP assets but contribute nothing to creditor recovery, widening the gap between GAAP book and liquidation value. | ||||
| NumberOfRealEstateProperties NumberOfRealEstateProperties | $12 | property | ||
| OffMarketLeaseUnfavorable OffMarketLeaseUnfavorable | $1.08M | USD | ||
| ProceedsFromSaleOfRealEstateHeldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment | $33.51M | USD | ||
| RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts | $39.20M | USD | ||
| RealEstateImprovements RealEstateImprovements | $3.48M | USD | ||
| RealEstateTaxExpense RealEstateTaxExpense | $4.45M | USD | ||
Showing balance sheet tags only. Liquidation analysis uses balance sheet data.