Filing Flows › Cedar Realty Trust (CDR-PB) › Q4 2025
Cedar Realty Trust (CDR-PB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Cedar Realty Trust (CDR-PB) reported revenue of $7.9M for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and +16% from the quarter before. Operating margin was 52.6%, net earnings $1.9M (23.5% of revenue).
Cedar Realty Trust, Q4 2025: revenue $7.9M (-12% year over year), operating margin 52.6%, net earnings $1.9M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.9M | +16% | -12% |
| Operating profit | $4.2M | — | -30% |
| Net earnings | $1.9M | — | -51% |
| Operating cash flow | $2.8M | +131% | -26% |
| Free cash flow | $1.5M | +94% | -28% |
What changed
Revenue was $7.9M in Q4 2025, down 12% year over year and up 16% from the previous quarter. Rental revenues was the largest line at 89% of revenue.
Operating profit was $4.2M, a 52.6% margin (down 13.5 points year over year). Total costs grew 23% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $1.9M, down 51% year over year. The effective tax rate was 0.0%.
Operating cash flow was $2.8M (down 26% year over year), 147% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items used $910K. Capital expenditures of $1.3M left free cash flow of $1.5M.
Questions
What was Cedar Realty Trust's revenue in the fourth quarter 2025?
Cedar Realty Trust (CDR-PB) reported revenue of $7.9M for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and +16% from the quarter before.
Was Cedar Realty Trust profitable in the fourth quarter 2025?
Operating profit was $4.2M (52.6% of revenue) and net earnings $1.9M.
Source: Cedar Realty Trust 10-K on SEC EDGAR.