Filing Flows › Cedar Realty Trust (CDR-PB) › Q3 2025
Cedar Realty Trust (CDR-PB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Cedar Realty Trust (CDR-PB) reported revenue of $6.9M for the third quarter 2025 (Q3 2025), -15% from a year earlier and -8% from the quarter before. Operating margin was -35.8%, net loss $5.0M (73.7% of revenue).
Cedar Realty Trust, Q3 2025: revenue $6.9M (-16% year over year), operating margin -35.8%, net loss $5.0M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9M | -8% | -15% |
| Operating profit | −$2.5M | -216% | — |
| Net earnings | −$5.0M | — | — |
| Operating cash flow | $1.2M | -33% | -29% |
| Free cash flow | $769K | +90% | — |
What changed
Revenue was $6.9M in Q3 2025, down 15% year over year and down 8% from the previous quarter. Rental revenues was the largest line at 99% of revenue. Rental revenues lost $1.1M year over year (down 14%), 90% of the total change.
Operating costs exceeded revenue by $2.5M, an operating margin of -35.8%. Total costs grew 76% against a revenue fall of 15%. The fastest-growing cost line was Other operating costs (+85%). The quarter ended with a net loss of $5.0M, wider than the previous quarter's $133K loss. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was $1.2M (down 29% year over year). Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items added $4.3M. Capital expenditures of $420K left free cash flow of $769K.
Questions
What was Cedar Realty Trust's revenue in the third quarter 2025?
Cedar Realty Trust (CDR-PB) reported revenue of $6.9M for the third quarter 2025 (Q3 2025), -15% from a year earlier and -8% from the quarter before.
Was Cedar Realty Trust profitable in the third quarter 2025?
Operating loss was $2.5M (-35.8% of revenue) and net loss $5.0M.
Source: Cedar Realty Trust 10-Q on SEC EDGAR.