| Address:
|
44 SOUTH BAYLES AVENUE
|
| City: |
PORT WASHINGTON |
|
State: |
NY |
|
Zip Code: |
11050 |
| Telephone: |
516-767-6492 |
|
Description of Business
|
Primary SIC Code:
6798 |
| (As filed with the SEC)
|
|
|
Cedar Shopping Centers, Inc. (the "Company"), organized in 1984, is a
fully-integrated real estate investment trust which focuses primarily on
ownership, operation, development and redevelopment of supermarket-anchored
shopping centers in mid-Atlantic and Northeast coastal states. At December 31,
2009, the Company owned and managed (both wholly-owned and in joint venture) a
portfolio of 117 operating properties totaling approximately 12.8 million square
feet of gross leasable area ("GLA"), including 93 wholly-owned properties
comprising approximately 9.3 million square feet, 13 properties owned in joint
venture (consolidated) comprising approximately 1.7 million square feet, seven
properties transferred or to be transferred to a managed joint venture
(unconsolidated) comprising approximately 1.2 million square feet, and four
ground-up developments comprising approximately 0.6 million square feet. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.63 | 0.090 | N/E | | 03/2010 | -0.63 | 0.090 | N/E | | 12/2009 | -0.48 | 0.090 | N/E | | 09/2009 | 0.19 | NA | 33.95 | | 06/2009 | 0.22 | NA | 20.55 | | 03/2009 | 0.26 | NA | 6.69 | | 12/2008 | 0.24 | 0.112 | 29.50 | | 09/2008 | 0.23 | 0.225 | 57.48 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.03 | Total Liab/Total Assets | 0.69 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 0.81 | | Net Inc/Inv Cap | -0.01 | Total Liab/Comm Equity | 2.01 | | Pretax Inc/Net Sales | -0.08 | Interest Coverage Ratio | 0.70 | | Net Inc/Net Sales | -0.09 | Curr Debt/Equity | 0.48 | | Cash Flow/Net Sales | 0.29 | LTD/Equity | 1.45 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 1.93 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 11.27 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.12 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
40.32
|
44.93
|
42.91
|
48.20
|
|
Cost of Goods Sold
|
12.80
|
16.21
|
13.29
|
14.52
|
|
Selling & Admin Exps
|
2.11
|
2.21
|
-0.60
|
6.47
|
|
Operating Income
|
12.60
|
12.26
|
-14.12
|
17.89
|
|
Interest Exp
|
12.72
|
13.84
|
13.13
|
13.31
|
|
Pretax Income
|
0.37
|
-1.21
|
-26.64
|
4.86
|
|
Other Income
|
0.01
|
0.01
|
0.32
|
0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.28
|
-1.52
|
-27.91
|
3.52
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
26.62
|
28.84
|
31.24
|
23.63
|
|
Receivables - Total
|
19.97
|
26.05
|
11.84
|
24.48
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
1,501.14
|
1,513.17
|
1,508.80
|
1,736.97
|
|
Total Assets
|
1,635.75
|
1,703.96
|
1,785.12
|
1,835.15
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
29.43
|
27.80
|
46.90
|
41.02
|
|
Debt in Current Liabilities
|
167.84
|
207.09
|
257.69
|
323.48
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
688.27
|
722.47
|
782.31
|
795.48
|
|
Total Liabilities
|
1,017.13
|
1,091.11
|
1,234.02
|
1,291.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
74.06
|
75.01
|
75.31
|
77.84
|
|
Preferred Stock
|
88.75
|
88.75
|
88.75
|
88.75
|
|
Common Stock
|
3.91
|
3.77
|
3.13
|
2.71
|
|
Retained Earnings
|
-175.63
|
-165.53
|
-162.04
|
-126.96
|
|
Treasury Stock
|
-10.52
|
-10.63
|
-9.69
|
-9.77
|
|
Total Stockholders' Equity
|
607.74
|
601.25
|
538.46
|
528.85
|
|
Total Liabilities and Stockholders' Equity
|
1,624.86
|
1,692.35
|
1,772.48
|
1,820.69
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
13.07
|
3.69
|
17.74
|
8.93
|
|
Net Cash Provided by Investing Activities
|
14.33
|
2.14
|
13.80
|
-20.38
|
|
Net Cash Provided by Financing Activities
|
-29.39
|
-7.21
|
-23.90
|
5.26
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 78.94 | 13.21 | 0.25 | | 12/2006 | 126.49 | 15.34 | 0.23 | | 12/2007 | 152.92 | 21.97 | 0.30 | | 12/2008 | 174.48 | 18.38 | 0.24 | | 12/2009 | 180.12 | -16.87 | -0.48 | | Growth Rates | 22.90 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 135 | 50,513 | 76.85 |
|
Report Date :
9/7/2010
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