Latest Ratios: P/E Ratio 23.5x · EV/EBITDA 23.8x · ROE -6.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $254M | $249M | $206M | $177M | $195M | $341M | $201M | $233M | $214M | $234M | $226M |
| Enterprise Value | $390M | $385M | $326M | $311M | $323M | $865M | $837M | $860M | $837M | $811M | $831M |
| P/E Ratio → | 23.46 | 22.95 | 107.14 | — | — | — | — | — | 54.90 | 12.27 | 25.36 |
| P/S Ratio | 8.52 | 8.34 | 5.96 | 5.12 | 5.74 | 2.67 | 1.48 | 1.61 | 1.41 | 1.60 | 1.49 |
| P/B Ratio | 39.95 | 39.09 | 3.66 | 2.41 | 0.96 | 0.77 | 0.41 | 0.45 | 0.38 | 0.37 | 0.39 |
| P/FCF | 57.06 | 55.83 | — | 98.98 | — | 20.47 | 66.20 | 10.68 | 7.77 | 7.33 | 5.37 |
| P/OCF | 31.88 | 31.19 | 21.74 | 21.51 | — | 7.58 | 4.71 | 4.33 | 3.69 | 4.07 | 3.92 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.89 | 9.43 | 8.99 | 9.49 | 6.78 | 6.18 | 5.97 | 5.50 | 5.55 | 5.50 |
| EV / EBITDA | 23.78 | 23.44 | 14.59 | 14.86 | 9.41 | 12.71 | 6.26 | 6.21 | 6.05 | 5.58 | 5.69 |
| EV / EBIT | 44.79 | 52.98 | 23.86 | 31.04 | — | — | 36.14 | 34.31 | 31.57 | 19.37 | 23.53 |
| EV / FCF | — | 86.34 | — | 173.74 | — | 51.94 | 276.41 | 39.53 | 30.40 | 25.36 | 19.76 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.6% | 12.6% | 61.4% | 62.0% | 58.6% | 63.6% | 66.4% | 66.4% | 68.5% | 69.6% | 70.5% |
| Operating Margin | 29.2% | 29.2% | 39.5% | 29.0% | 0.6% | 18.5% | 15.8% | 17.4% | 20.6% | 28.8% | 25.1% |
| Net Profit Margin | -6.3% | -6.3% | 13.2% | 5.8% | -71.4% | -50.0% | -17.0% | -15.6% | 2.6% | 13.1% | 5.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.0% | -6.0% | 7.0% | 1.5% | -7.5% | -13.7% | -4.6% | -4.2% | 0.7% | 3.2% | 1.5% |
| ROA | -1.0% | -1.0% | 2.0% | 0.9% | -3.9% | -5.8% | -1.9% | -1.8% | 0.3% | 1.5% | 0.7% |
| ROIC | 4.1% | 4.1% | 5.3% | 2.8% | 0.0% | 1.7% | 1.4% | 1.6% | 2.0% | 2.6% | 2.3% |
| ROCE | 4.8% | 4.8% | 6.5% | 4.6% | 0.0% | 2.5% | 2.2% | 2.3% | 2.8% | 3.6% | 3.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 22.17 | 22.17 | 2.54 | 1.91 | 0.65 | 1.20 | 1.31 | 1.23 | 1.12 | 0.92 | 1.04 |
| Debt / EBITDA | 8.60 | 8.60 | 6.40 | 6.71 | 3.83 | 7.74 | 4.77 | 4.55 | 4.51 | 3.99 | 4.16 |
| Net Debt / Equity | — | 21.36 | 2.13 | 1.82 | 0.63 | 1.19 | 1.31 | 1.22 | 1.11 | 0.91 | 1.04 |
| Net Debt / EBITDA | 8.29 | 8.29 | 5.37 | 6.40 | 3.72 | 7.70 | 4.76 | 4.53 | 4.50 | 3.97 | 4.14 |
| Debt / FCF | — | 30.51 | — | 74.76 | — | 31.47 | 210.21 | 28.85 | 22.63 | 18.03 | 14.39 |
| Interest Coverage | 0.80 | 0.80 | 1.50 | 1.25 | -6.25 | -1.17 | 1.05 | 1.07 | 1.20 | 1.89 | 1.33 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 89.41 | 89.41 | 2.31 | 1.44 | 1.18 | 0.98 | 0.17 | 0.28 | 0.28 | 0.31 | 0.22 |
| Quick Ratio | 89.41 | 89.41 | 2.31 | 1.44 | 1.18 | 9.64 | 0.17 | 0.28 | 0.33 | 0.37 | 0.27 |
| Cash Ratio | 42.57 | 42.57 | 1.40 | 0.40 | 0.22 | 0.03 | 0.01 | 0.02 | 0.02 | 0.05 | 0.03 |
| Asset Turnover | — | 0.18 | 0.16 | 0.15 | 0.15 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 2.6% | 5.1% | 6.1% | 100.0% | 1.1% | 3.6% | 7.7% | 8.6% | 7.5% | 7.6% |
| Payout Ratio | — | — | 229.7% | — | — | — | — | — | 470.6% | 92.4% | 190.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.4% | 0.9% | — | — | — | — | — | 1.8% | 8.2% | 3.9% |
| FCF Yield | 1.8% | 1.8% | — | 1.0% | — | 4.9% | 1.5% | 9.4% | 12.9% | 13.6% | 18.6% |
| Buyback Yield | 16.5% | 16.9% | 5.6% | 0.0% | 0.2% | 0.0% | 0.0% | 2.9% | 1.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 19.1% | 19.5% | 10.7% | 6.1% | 100.0% | 1.2% | 3.6% | 10.6% | 9.7% | 7.5% | 7.6% |
| Shares Outstanding | — | $14M | $14M | $14M | $13M | $13M | $9M | $9M | $9M | $9M | $9M |
Parent entity liquidity constraints
As reported in recent financial statements, the company's NOI margin has exhibited extreme volatility, swinging from a low of 8.5% in 2025Q3 to 62.3% in 2026Q1, which suggests significant operational disruption and potential accounting noise stemming from the ongoing integration with Wheeler Real Estate Investment Trust.
The wide variance in NOI margins indicates that the core property-level profitability is currently obscured by the aggressive disposition of assets and potential intercompany expense allocations. Investors should monitor whether these margins can stabilize as the portfolio reaches a steady state, though current trends suggest that administrative costs associated with the merger continue to weigh heavily on property-level performance.
Based on the company's reported figures, the FFO payout ratio has fluctuated significantly, reaching 85.6% in 2026Q1, a trend that highlights the limited margin of safety for preferred shareholders given the inconsistent cash flow generation and the parent company's broader liquidity challenges.
The high and volatile payout ratio suggests that the dividend is not supported by a stable recurring cash flow base, making it highly sensitive to even minor operational setbacks. The reliance on asset sales to bridge the gap between FFO and dividend obligations warrants further investigation into the long-term sustainability of these payments.
According to the company's quarterly data, the debt-to-equity ratio has surged to an alarming 28.92 in 2026Q1, reflecting a rapid erosion of the equity base that appears to be disconnected from the underlying value of the remaining grocery-anchored retail assets.
This extreme leverage ratio suggests that the capital structure is heavily strained and potentially reliant on the parent entity's support to remain solvent. The lack of interest coverage, which has hovered near or below 1.0x in recent periods, indicates that the company may struggle to service its debt obligations without further asset liquidations.
As indicated by the company's 24.13 P/E ratio, investors frequently misapply standard earnings-based metrics to this REIT, which obscures the reality that GAAP net income is heavily distorted by non-cash depreciation and one-time gains from asset sales.
Using P/E for a REIT in liquidation mode is fundamentally misleading because it ignores the maintenance capital expenditures required to keep the portfolio operational. Analysts should instead focus on FFO or AFFO to assess the true cash-generating capacity, though even these metrics are currently compromised by the structural transition and parent-level financial distress.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CDR-PB stock.
Cedar Realty Trust, Inc.'s current P/E ratio is 23.5x. The historical average is 29.3x. This places it at the 67th percentile of its historical range.
Cedar Realty Trust, Inc.'s current EV/EBITDA is 23.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
Cedar Realty Trust, Inc.'s return on equity (ROE) is -6.0%. The historical average is -1.2%.
Based on historical data, Cedar Realty Trust, Inc. is trading at a P/E of 23.5x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cedar Realty Trust, Inc.'s current dividend yield is 2.58%.
Cedar Realty Trust, Inc. has 12.6% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Cedar Realty Trust, Inc.'s Debt/EBITDA ratio is 8.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.