Q3 2026 Revenue down 2% year over year to $6.7M · 5¢ of every $1 of revenue kept as net profit · operating margin 37.3%
Cedar Realty Trust made $6.7M in Q3 2026 (-2% Y/Y): Rental revenues $6.7M, Other revenues $40K. Operating margin 37.3%, net earnings $328K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Revenue$6.7M
Year over year-2%
Operating margin37.3%
Net earnings$328K
Operating cash flow$1.6M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.7M in Q3 2026, down 2% year over year and up 2% from the previous quarter. Rental revenues was the largest line at 99% of revenue. Rental revenues lost $125K year over year (down 2%), 99% of the total change.
Operating profit was $2.5M, a 37.3% margin (up 73.0 points year over year). Total costs fell 55% while revenue fell 2%. Net earnings were $328K. The effective tax rate was 0.0%.
Operating cash flow was $1.6M (up 33% year over year), 484% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items used $553K. Capital expenditures of $84K left free cash flow of $1.5M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 5, 2026
$6.7M
-2%
37.3%
$328K
$1.6M
Q2 2026
10-Q
Aug 6, 2026
$6.6M
-12%
34.4%
$115K
$2.4M
Q1 2026
10-Q
May 8, 2026
$6.9M
-7%
27.7%
−$291K
$2.3M
Q4 2025
10-K
Mar 5, 2026
$7.9M
-12%
52.6%
$1.9M
$2.8M
Q3 2025
10-Q
Nov 6, 2025
$6.9M
-16%
-35.8%
−$5.0M
$1.2M
Q2 2025
10-Q
Aug 5, 2025
$7.5M
-13%
28.2%
−$133K
$1.8M
Q1 2025
10-Q
May 6, 2025
$7.4M
-15%
56.0%
$1.4M
$2.3M
Charts
Latest (Q3 2026): Y/Y -2%, Q/Q +2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $328K, Operating cash flow $1.6M.+4.7% since FY2020: more shares outstanding (issuance, stock pay).Cash $5.2M, short-term investments —, long-term debt $140M at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
The Company is a REIT that focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers, predominantly located in the Northeast. At December 31, 2025, the Company owned a portfolio of 12 properties totaling 1.9 million square feet of gross leasable area ("GLA"). The portfolio was 92.4% leased and 92.4% occupied at December 31, 2025. The Company, organized as a Maryland corporation in 1984, has elected to be taxed as a REIT under applicable provisions of the Internal Revenue Code of 1986, as amended (the "Code"). To qualify as a REIT under those provisions, the Company must have a preponderant percentage of its assets invested in, and income derived from, real estate and related sources.
In its own words, from its 10-K, filed Mar 5, 2026.
Cedar Realty Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +11%. Operating margin: 37.3% against the peers' median 20.6%.