Latest Ratios: P/E Ratio 23.1x · EV/EBITDA 23.5x · 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 | $250M | $236M | $199M | $174M | $158M | $334M | $1.9B | $2.0B | $1.6B | $2.2B | — |
| Enterprise Value | $386M | $372M | $319M | $308M | $286M | $858M | $2.5B | $2.6B | $2.3B | $2.7B | — |
| P/E Ratio → | 23.05 | 21.76 | 103.50 | — | — | — | — | — | 421.78 | 113.82 | — |
| P/S Ratio | 8.37 | 7.90 | 5.75 | 5.03 | 4.65 | 2.62 | 13.65 | 13.90 | 10.80 | 14.83 | — |
| P/B Ratio | 39.26 | 37.06 | 3.54 | 2.37 | 0.78 | 0.76 | 3.80 | 3.89 | 2.94 | 3.44 | — |
| P/FCF | 56.07 | 52.93 | — | 97.14 | — | 20.05 | 610.91 | 91.99 | 59.63 | 67.74 | — |
| P/OCF | 31.33 | 29.57 | 21.01 | 21.11 | — | 7.43 | 43.46 | 37.30 | 28.35 | 37.64 | — |
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 | — | 12.46 | 9.22 | 8.90 | 8.40 | 6.73 | 18.35 | 18.25 | 14.89 | 18.78 | — |
| EV / EBITDA | 23.51 | 22.66 | 14.27 | 14.71 | 8.33 | 12.61 | 18.58 | 18.99 | 16.36 | 18.87 | — |
| EV / EBIT | 44.29 | 51.20 | 23.35 | 30.71 | 1480.37 | — | — | 104.89 | 85.42 | 65.51 | — |
| EV / FCF | — | 83.45 | — | 171.91 | — | 51.52 | 821.11 | 120.84 | 82.26 | 85.77 | — |
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 | 0.02 | -1.17 | -0.12 | 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% | 2.8% | 5.3% | 6.2% | 100.0% | 1.2% | 0.4% | 0.9% | 1.1% | 0.8% | — |
| 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% | 4.6% | 1.0% | — | — | — | — | — | 0.2% | 0.9% | — |
| FCF Yield | 1.8% | 1.9% | — | 1.0% | — | 5.0% | 0.2% | 1.1% | 1.7% | 1.5% | — |
| Buyback Yield | 16.8% | 17.8% | 5.8% | 0.0% | 0.3% | 0.0% | 0.0% | 0.3% | 0.1% | 0.0% | — |
| Total Shareholder Yield | 19.4% | 20.6% | 11.0% | 6.2% | 100.0% | 1.2% | 0.4% | 1.2% | 1.3% | 0.8% | — |
| Shares Outstanding | — | $14M | $14M | $14M | $13M | $13M | $86M | $86M | $86M | $86M | $86M |
Parent company liquidity dependency
As reported in quarterly financial statements, the company's NOI margin has fluctuated between 57.1% and 66.7% over the last ten quarters, suggesting that property-level operating efficiencies are struggling to stabilize amidst a shrinking portfolio and the ongoing integration into the parent entity's structure.
The inconsistency in NOI margins indicates that the company is failing to achieve the economies of scale typically expected in grocery-anchored retail. Investors should monitor whether these margin swings are driven by one-time property-level expenses or a fundamental inability to pass through rising operating costs to tenants.
Based on the provided data, the FFO payout ratio reached 85.6% in 2026Q1, which, when combined with frequent negative AFFO figures, suggests that the current dividend distribution is not supported by recurring cash flow and may be reliant on non-recurring capital events.
The high payout ratio relative to volatile FFO suggests that the dividend is at significant risk of suspension. The lack of consistent positive AFFO implies that the company is effectively paying dividends out of capital rather than operational earnings, which is unsustainable in the long term.
According to recent SEC filings, the debt-to-equity ratio has surged to 28.92 as of 2026Q1, a dramatic increase from the 1.91 level observed in 2023Q4, indicating that the company's capital structure has become heavily skewed toward debt as equity value has been eroded.
This extreme leverage ratio suggests that the company has very little cushion to absorb further asset impairments or interest rate volatility. The interest coverage ratio, which dipped to 0.87 in 2026Q1, further confirms that the company is struggling to generate sufficient earnings to service its existing debt obligations.
Market participants frequently misapply the standard P/E ratio to this REIT, as evidenced by the 23.05 TTM P/E figure, which obscures the reality that depreciation charges are non-cash accounting entries that do not reflect the actual cash-generating capacity of the underlying grocery-anchored properties.
Using P/E for a REIT like CDR-PC is deeply misleading because it ignores the significant impact of real estate depreciation on net income. Analysts should instead focus on P/FFO or P/AFFO to normalize for these non-cash charges and better assess the true valuation relative to the company's actual cash flow.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CDR-PC stock.
Cedar Realty Trust, Inc.'s current P/E ratio is 23.1x. The historical average is 79.7x. This places it at the 33th percentile of its historical range.
Cedar Realty Trust, Inc.'s current EV/EBITDA is 23.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.2x.
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 23.1x. This is at the 33th 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 2.62%.
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.