Filing Flows › Cedar Realty Trust (CDR-PB) › Q1 2025
Cedar Realty Trust (CDR-PB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Cedar Realty Trust (CDR-PB) reported revenue of $7.4M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -18% from the quarter before. Operating margin was 56.0%, net earnings $1.4M (19.5% of revenue).
Cedar Realty Trust, Q1 2025: revenue $7.4M (-15% year over year), operating margin 56.0%, net earnings $1.4M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4M | -18% | -15% |
| Operating profit | $4.1M | -31% | +66% |
| Net earnings | $1.4M | -62% | +347% |
| Operating cash flow | $2.3M | -39% | +9% |
| Free cash flow | $1.8M | -14% | — |
What changed
Revenue was $7.4M in Q1 2025, down 15% year over year and down 18% from the previous quarter. Rental revenues was the largest line at 100% of revenue. Rental revenues lost $1.3M year over year (down 15%), 98% of the total change.
Operating profit was $4.1M, a 56.0% margin (up 27.4 points year over year). Total costs fell 48% while revenue fell 15%. Net earnings were $1.4M, up 347% year over year. The effective tax rate was 0.0%.
Operating cash flow was $2.3M (up 9% year over year), 156% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items used $1.2M. Capital expenditures of $467K left free cash flow of $1.8M.
Questions
What was Cedar Realty Trust's revenue in the first quarter 2025?
Cedar Realty Trust (CDR-PB) reported revenue of $7.4M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -18% from the quarter before.
Was Cedar Realty Trust profitable in the first quarter 2025?
Operating profit was $4.1M (56.0% of revenue) and net earnings $1.4M.
Source: Cedar Realty Trust 10-Q on SEC EDGAR.