Cedar Realty Trust (CDR-PB) 10-K 4 Mar 25 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 28, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-31817
Entity Registrant Name	CEDAR REALTY TRUST, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	42-1241468
Entity Address, Address Line One	2529 Virginia Beach Blvd.
Entity Address, City or Town	Virginia Beach
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23452
City Area Code	757
Local Phone Number	627-9088
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,718,169
Documents Incorporated by Reference	None.
Entity Central Index Key	0000761648
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 0
7.25% Series B Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value
Document Information [Line Items]
Title of 12(b) Security	7.25% Series B Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value
Trading Symbol	CDRpB
Security Exchange Name	NYSE
6.50% Series C Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value
Document Information [Line Items]
Title of 12(b) Security	6.50% Series C Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value
Trading Symbol	CDRpC
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	677
Auditor Name	Cherry Bekaert LLP
Auditor Location	Virginia Beach, Virginia

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate:
Investment properties	$ 303,858	$ 368,165
Less accumulated depreciation	(131,698)	(166,489)
Real estate, net	172,160	201,676
Cash and cash equivalents	23,092	6,518
Restricted cash	7,532	9,390
Receivables, net	5,655	6,357
Deferred costs and other assets, net	8,492	9,141
TOTAL ASSETS	216,931	233,082
LIABILITIES AND EQUITY
Loans payable, net	142,961	140,494
Accounts payable, accrued expenses, and other liabilities	7,003	8,382
Due to Wheeler Real Estate Investment Trust, Inc.	$ 9,491	$ 8,094
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration]	Related Party	Related Party
Below market lease intangibles, net	$ 1,265	$ 2,655
Total liabilities	160,720	159,625
Commitments and contingencies (Note 10)
Equity:
Preferred stock	139,794	159,541
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding)	823	823
Additional paid-in capital	868,945	868,323
Cumulative distributions in excess of net income	(953,351)	(955,230)
Total equity	56,211	73,457
TOTAL LIABILITIES AND EQUITY	216,931	233,082
Land
Real estate:
Investment properties	56,897	69,085
Buildings and improvements
Real estate:
Investment properties	$ 246,961	$ 299,080

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value per share (in dollars per share)	$ 0.06	$ 0.06
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	13,718,169	13,718,169
Common stock, shares outstanding (in shares)	13,718,169	13,718,169

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
REVENUES
Total revenues	$ 34,548,000	$ 34,632,000
EXPENSES
Operating, maintenance and management	8,186,000	7,728,000
Real estate and other property-related taxes	5,140,000	5,425,000
Corporate general and administrative	2,304,000	3,192,000
Depreciation and amortization	8,680,000	10,918,000
Total expenses	24,310,000	27,263,000
OTHER
Gain on sales, net	4,472,000	2,662,000
Impairment charges	(1,064,000)	0
Total other	3,408,000	2,662,000
OPERATING INCOME	13,646,000	10,031,000
NON-OPERATING INCOME AND EXPENSES
Interest expense, net	(9,101,000)	(8,024,000)
Total non-operating income and expenses	(9,101,000)	(8,024,000)
NET INCOME	4,545,000	2,007,000
Preferred stock dividends	(10,295,000)	(10,752,000)
Deemed contribution related to preferred stock repurchases	7,629,000	0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	1,879,000	(8,745,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 1,879,000	$ (8,745,000)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share)	$ 0.14	$ (0.64)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share)	$ 0.14	$ (0.64)
Weighted average number of common shares (in shares)	13,718,169	13,718,169
Weighted average number of common shares (in shares)	13,718,169	13,718,169
Rental revenues
REVENUES
Total revenues	$ 33,148,000	$ 33,987,000
Other revenues
REVENUES
Total revenues	$ 1,400,000	$ 645,000

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Preferred stock	Common stock	Additional paid-in capital	Cumulative distributions in excess of net income
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 82,202	$ 159,541	$ 823	$ 868,323	$ (946,485)
Beginning balance (in shares) at Dec. 31, 2022		6,449,609
Beginning balance (in shares) at Dec. 31, 2022			13,718,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,007				2,007
Preferred stock dividends	(10,752)				(10,752)
Ending balance (in shares) at Dec. 31, 2023		6,449,609
Ending balance at Dec. 31, 2023	$ 73,457	$ 159,541	$ 823	868,323	(955,230)
Ending balance (in shares) at Dec. 31, 2023	13,718,169		13,718,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 73,457	$ 159,541	$ 823	868,323	(955,230)
Net income	4,545				4,545
Preferred stock dividends	(10,295)				(10,295)
Preferred stock repurchases (in shares)		(791,306)
Preferred stock repurchases	(11,496)	$ (19,747)		622	7,629
Ending balance (in shares) at Dec. 31, 2024		5,658,303
Ending balance at Dec. 31, 2024	$ 56,211	$ 139,794	$ 823	868,945	(953,351)
Ending balance (in shares) at Dec. 31, 2024	13,718,169		13,718,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 56,211	$ 139,794	$ 823	$ 868,945	$ (953,351)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
OPERATING ACTIVITIES
Net income	$ 4,545,000	$ 2,007,000
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales, net	(4,472,000)	(2,662,000)
Impairment charges	1,064,000	0
Straight-line rents	(288,000)	(1,208,000)
Credit adjustments on operating lease receivables	72,000	(357,000)
Depreciation and amortization	8,680,000	10,918,000
Above (below) market lease amortization, net	(226,000)	(336,000)
Amortization of deferred financing costs	873,000	386,000
Changes in operating assets and liabilities, net of effects of dispositions:
Receivables, net	1,063,000	1,343,000
Deferred costs and other assets, net	(1,679,000)	(2,243,000)
Accounts payable, accrued expenses, and other liabilities	(169,000)	400,000
Net cash provided by operating activities	9,463,000	8,248,000
INVESTING ACTIVITIES
Expenditures for real estate improvements	(11,598,000)	(6,456,000)
Net proceeds from sales of real estate	37,194,000	2,759,000
Net cash provided by (used in) investing activities	25,596,000	(3,697,000)
FINANCING ACTIVITIES
Advances under Revolving Credit Agreement	5,223,000	0
Repayments under Revolving Credit Agreement	(5,223,000)	0
Term loan proceeds	2,500,000	9,060,000
Term loan principal payments	(462,000)	0
Payments for deferred financing costs	(444,000)	(414,000)
Preferred stock dividends	(10,441,000)	(10,752,000)
Preferred stock repurchases	(11,496,000)	0
Net cash used in financing activities	(20,343,000)	(2,106,000)
Net increase in cash, cash equivalents and restricted cash	14,716,000	2,445,000
Cash, cash equivalents and restricted cash at beginning of year	15,908,000	13,463,000
Cash, cash equivalents and restricted cash at end of year	30,624,000	15,908,000
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	23,092,000	6,518,000
Restricted cash	7,532,000	9,390,000
Cash, cash equivalents and restricted cash	$ 30,624,000	$ 15,908,000

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	Business and Organization The Company is a fully-integrated REIT that focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers, predominantly located in the Northeast. At December 31, 2024, the Company owned a portfolio of 16 properties. Six of these properties are located in Pennsylvania, three in Massachusetts, three in New Jersey, two in Connecticut, one in Maryland and one in Virginia. The Company, organized as a Maryland corporation, has established an umbrella partnership structure through the contribution of substantially all of its assets to the Operating Partnership, organized as a limited partnership under the laws of Delaware. The Operating Partnership is the entity through which the Company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. At December 31, 2024, the Company, which is a subsidiary of WHLR, owned a 100.0% interest in, and was the sole general partner of, the Operating Partnership.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation/Basis of Preparation The consolidated financial statements include the accounts and operations of the Company, the Operating Partnership, and its subsidiaries. The accompanying financial statements are prepared on the accrual basis in accordance with GAAP, which requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates. Certain prior year amounts in the consolidated financial statements and notes thereto have been reclassified to conform to current year presentation. These reclassifications had no effect on net income or loss. Real Estate Investments Real estate investments include costs of both acquired and constructed assets, and are carried at cost less accumulated depreciation. The provision for depreciation is calculated using the straight-line method based upon the estimated useful lives of the respective assets of between 3 and 40 years, with buildings being depreciated at the upper end of the range. Expenditures for betterments that substantially extend the useful lives of the assets are capitalized. Expenditures for maintenance, repairs, and betterments that do not substantially prolong the normal useful life of an asset are charged to operations as incurred. The Company allocates the fair value of real estate acquired to land, buildings and improvements. In addition, the fair value of in-place leases is allocated to intangible lease assets and liabilities. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management's determination of the fair values of these assets. In valuing an acquired property's intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, such as real estate taxes, insurance, other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. The values of acquired above market and below market leases are recorded based on the present values (using discount rates which reflect the risks associated with the leases acquired) of the differences between the contractual amounts to be received and management's estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of the acquisitions. Such valuations include consideration of the non-cancelable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below market rental renewal options are determined based on the Company's experience and the relevant facts and circumstances that existed at the time of the acquisitions. The values of above market leases are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of below market leases associated with the original non-cancelable lease terms are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of the leases associated with below market renewal options that are likely of exercise are amortized to rental income over the respective renewal periods. The value of other intangible assets (including leasing commissions, tenant improvements, etc.) is amortized to expense over the applicable terms of the respective leases. If a lease were to be terminated prior to its stated expiration or not renewed, all unamortized amounts relating to that lease would be recognized in depreciation and amortization expense at that time. Management reviews each real estate investment for impairment whenever events or circumstances indicate that the carrying value of a real estate investment may not be recoverable. The review of recoverability of real estate investments held for use is based on an estimate of the future cash flows that are expected to result from the real estate investment's use and eventual disposition. These cash flows consider factors such as expected future operating income, trends and prospects, as well as the effects of leasing demand, capital expenditures, competition and other factors. If an impairment event exists due to the projected inability to recover the carrying value of a real estate investment, an impairment loss is recorded to the extent that the carrying value exceeds estimated fair value. Properties Held for Sale The Company may decide to sell properties that are held for use. The Company records these properties as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year. The carrying values of the assets and liabilities of properties determined to be held for sale, principally the net book values of the real estate and the related mortgage loans payable expected to be assumed by the buyers, are reclassified as "held for sale" on the Company's consolidated balance sheets at the time such determinations are made, on a prospective basis only. The Company, when applicable, conducts a continuing review of the values for all properties "held for sale" based on estimated sales prices and sales contracts entered into. Impairment charges/reversals, if applicable, are based on a comparison of the carrying values of the properties with either (1) actual sales prices less costs to sell for properties sold, or contract amounts less costs to sell for properties in the process of being sold, (2) estimated sales prices, less costs to sell, based on discounted cash flow analyses, if no contract amounts are being negotiated, or (3) with respect to land parcels, estimated sales prices, less costs to sell, based on comparable sales completed in the selected market areas. Properties meeting the "held for sale" criteria, are written down to the lower of their carrying value and estimated fair values less costs to sell. The Company follows the guidance for reporting discontinued operations, whereby a disposal of an individual property or group of properties is required to be reported in "discontinued operations" only if the disposal represents a strategic shift that has, or will have, a major effect on the Company's operations and financial results. The results of operations for those properties not meeting such criteria are reported in "continuing operations" in the consolidated statements of operations. Cash and Cash Equivalents / Restricted Cash Cash and cash equivalents consist of cash in banks and short-term investments with original maturities when purchased of less than ninety days. The terms of the secured term loans may require the Company to deposit certain replacement and other reserves with its lenders. Such "restricted cash" is generally available only for property-level requirements for which the reserves have been established. Restricted cash represents amounts held by lenders for real estate taxes, insurance, reserves for capital improvements, leasing costs and tenant security deposits. Fair Value Measurements The accounting guidance for fair value measurement establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: • Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible while also considering counterparty credit risk in the assessment of fair value. Revenue Recognition and Receivables The Company's underlying assets relating to rental revenue activity is solely retail space. The Company retains substantially all of the risks and benefits of ownership of these underlying assets and accounts for these leases as operating leases. The Company combines lease and nonlease components in lease contracts, which includes combining base rent and tenant reimbursement revenue. Rental income with scheduled rent increases is recognized using the straight-line method over the respective non-cancelable terms of the leases. The aggregate excess of rental revenue recognized on a straight-line basis over the contractual base rents is included in receivables on the consolidated balance sheets. Leases also generally contain provisions under which the tenants reimburse the Company for a portion of property operating expenses and real estate taxes incurred, generally attributable to their respective allocable portions of gross leasable area. Such income is recognized in the periods earned. In addition, a limited number of operating leases contain contingent rent provisions under which tenants are required to pay, as additional rent, a percentage of their sales in excess of a specified amount. The Company defers recognition of contingent rental income until those specified sales targets are met. The Company's leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or "CAM" expenses). This significantly reduces the Company's exposure to increases in costs and operating expenses resulting from inflation or other outside factors. These reimbursements are considered nonlease components which the Company combines with the lease component. The Company calculates the tenant's share of operating costs by multiplying the total amount of the operating costs by the tenant's pro-rata percentage of square footage to total square footage of the property. The Company also receives monthly payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes tenant reimbursements as variable lease income as such expenses are reimbursed. The Company defers recognition of contingent rental income until those specified sales targets are met. Revenues also include items such as lease termination fees, which tend to fluctuate more than rents from year to year. Termination fees are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration. The Company recognizes lease termination fees, which are included in revenues on the consolidated statements of operations, in the year that the lease is terminated and collection of the fee is reasonably assured. Upon early lease termination, the Company records losses related to unrecovered deferred costs and other assets, net. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. Bad debt expense is recorded as a reduction of rental revenues in the Company's consolidated statements of operations. Segment Information The Company's Chief Executive Officer is the Chief Operating Decision Maker ("CODM"). The Company's primary business is the ownership and operation of grocery-anchored shopping centers. The CODM reviews operating and financial information for each property on an individual basis and, accordingly, each property represents an individual operating segment. The CODM uses net operating income ("NOI") to assist in making decisions on how to allocate resources and assess the Company's financial performance. The Company defines NOI as revenues (rental and other revenues), less real estate and other property-related taxes, insurance and property operating expenses. CAM expenses, utilities, ground rent and management fees are reviewed by the CODM collectively as property operating expenses. The Company has no operations outside of the United States of America. Therefore, the Company has aggregated its properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in similar markets, and have similar tenant mixes. The following tables provide information about the Company's segment revenues, significant segment expenses, NOI and a reconciliation of NOI to the Company’s consolidated operating income: Years ended December 31, 2024 2023 Revenues $ 34,548,000 $ 34,632,000 Operating expenses: Real estate and other property-related taxes 5,140,000 5,425,000 Insurance 1,008,000 929,000 Property operating expenses 7,178,000 6,799,000 Total 13,326,000 13,153,000 NOI $ 21,222,000 $ 21,479,000 Years ended December 31, 2024 2023 NOI $ 21,222,000 $ 21,479,000 Add (deduct): Corporate general and administrative (2,304,000) (3,192,000) Depreciation and amortization (8,680,000) (10,918,000) Gain on sales, net 4,472,000 2,662,000 Impairment charges (1,064,000) — Operating income $ 13,646,000 $ 10,031,000 Lease Commitments The Company determines if an arrangement is a lease at inception. Operating leases, in which the Company is the lessee, are included in deferred costs and other assets, net, and accounts payable, accrued expenses, and other liabilities on the Company's consolidated balance sheets. Right-of-use ("ROU") assets represent the right to use an underlying asset for the lease term and the lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets include any lease payments made and excludes lease incentives. The Company's lease terms may include options to extend the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company combines lease and associated nonlease components. The lease components are the majority of its leasing arrangements and the Company accounts for the combined component as an operating lease. In the event the Company modifies existing ground leases or enters into new ground leases, such leases may be classified as finance leases. Income Taxes The Company, organized in 1984, has elected to be taxed as a REIT under the Code. A REIT will generally not be subject to federal income taxation on that portion of its income that qualifies as REIT taxable income, to the extent that it distributes at least 90% of such REIT taxable income to its stockholders and complies with certain other requirements. As of December 31, 2024, the Company was in compliance with all REIT requirements. The Company follows a two-step approach for evaluating uncertain federal, state and local tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The Company has not identified any uncertain tax positions which would require an accrual. The Company’s tax returns are subject to audit by taxing authorities. Generally, as of December 31, 2024, the tax years 2021 through 2023 remain open to examination by the major taxing jurisdictions in which the Company is subject to taxes. One of the Company’s subsidiary entities is currently under an Internal Revenue Service audit for tax year 2022. The Company does not expect this audit to result in any material changes to the Company’s financial position. Supplemental Consolidated Statements of Cash Flows Information Years ended December 31, 2024 2023 Supplemental disclosure of cash activities: Cash paid for interest $ 8,304,000 $ 7,495,000 Supplemental disclosure of non-cash activities: Buildings and improvements included in accounts payable, accrued expenses, and other liabilities $ 264,000 $ 136,000 Recently Adopted Accounting Standards In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Disclosures." The amendments in this ASU enhance disclosures of the reportable segments, including entities with a single reportable segment. Additional disclosures include providing one or more measure of profit or loss that is regularly used by the CODM and disclosure of the title and position of the CODM. The guidance is effective for fiscal years beginning after December 15, 2023. We adopted this guidance effective for the Company's annual reporting period beginning on January 1, 2024. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements Other accounting standards that have been recently issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2024
Real Estate [Abstract]
Real Estate	Real Estate A significant portion of the Company's land, buildings and improvements serve as collateral for the Company's secured term loans. Accordingly, restrictions exist as to the encumbered properties' transferability, use and other common rights typically associated with property ownership. The Company's depreciation expense on real estate assets was $7.7 million and $10.0 million for 2024 and 2023, respectively. Dispositions The Company sold the following properties during the years ended December 31, 2024 and 2023: Disposal Date Property Contract Price Gain (Loss) Net Proceeds 12/26/2024 South Philadelphia retail center $ 21,000,000 $ 3,187,000 $ 16,736,000 11/27/2024 Brickyard Plaza land parcel 1,150,000 (363,000) 1,050,000 9/12/2024 Kings Plaza 14,200,000 1,703,000 13,746,000 6/26/2024 Oakland Commons 6,000,000 (55,000) 5,662,000 7/11/2023 Carll's Corner outparcel building 3,000,000 2,662,000 2,759,000 Impairments

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The carrying amounts of cash and cash equivalents, restricted cash, receivables, deferred costs and other assets, accounts payable, accrued expenses and other liabilities, due to WHLR and below market lease intangibles approximate their fair value due to their terms and/or short-term nature. The fair value of the Company's fixed rate secured term loans were estimated using available market information and discounted cash flow analyses based on borrowing rates the Company believes it could obtain with similar terms and maturities. As of December 31, 2024 and 2023, the fair value of the Company's fixed rate secured term loans, which were determined to be Level 3 within the valuation hierarchy, was $141.1 million and $131.4 million, respectively, and the carrying value of such loans, was $143.0 million and $140.5 million, respectively. Nonfinancial assets and liabilities measured at fair value in the consolidated financial statements consist of real estate held for sale, which, if applicable, are measured on a nonrecurring basis, and have been determined to be (1) Level 2 within the valuation hierarchy, where applicable, based on the respective contracts of sale, adjusted for closing costs and expenses, or (2) Level 3 within the valuation hierarchy, where applicable, based on estimated sales prices, adjusted for closing costs and expenses, determined by discounted cash flow analyses, income capitalization analyses or a sales comparison approach if no contracts had been concluded. The discounted cash flow and income capitalization analyses include all estimated cash inflows and outflows over a specific holding period and, where applicable, any estimated debt premiums. These cash flows were composed of unobservable inputs which included forecasted rental revenues and expenses based upon existing in-place leases, market conditions and expectations for growth. Capitalization rates and discount rates utilized in these analyses were based upon observable rates that the Company believed to be within a reasonable range of current market rates for the respective properties. The sales comparison approach is utilized for certain land values and includes comparable sales that were completed in the selected market areas. The comparable sales utilized in these analyses were based upon observable per acre rates that the Company believes to be within a reasonable range of current market rates for the respective properties. For the year ended December 31, 2024, the Company recorded impairments of $1.1 million related to Oregon Avenue, located in Philadelphia, Pennsylvania. These charges are included in impairment charges in the consolidated statement of operations. The fair value of the assets was determined to be Level 2. Such assets have an aggregate fair value of $2.6 million as of December 31, 2024.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2024
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of insured amounts and tenant receivables. The Company places its cash and cash equivalents with high quality financial institutions. Management performs ongoing credit evaluations of its tenants and requires certain tenants to provide security deposits and/or suitable guarantees. There were no tenants that accounted for an aggregate of more than 10% of the Company's total revenues during 2024 and 2023. For the year ended December 31, 2024, three properties constitute approximately 37.5% of the Company's revenues in the aggregate. For the year ended December 31, 2023, one property constitutes approximately 14.6% of the Company's revenues in the aggregate. The Company's properties are located largely in the Northeast, which exposes it to greater economic risks than if the properties it owned were located in a greater number of geographic regions (in particular, 6 of the Company's properties are located in Pennsylvania).

Receivables, net

Receivables, net	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net are composed of the following: December 31, 2024 2023 Rents and other receivables, net $ 1,540,000 $ 1,894,000 Straight-line rents, net 4,115,000 4,463,000 $ 5,655,000 $ 6,357,000 As of December 31, 2024 and 2023, the Company's allowance for uncollectible tenant receivables totaled $0.3 million and $0.5 million, respectively.

Deferred Costs and Other Assets

Deferred Costs and Other Assets, net	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs and Other Assets, net	Deferred Costs and Other Assets, net Deferred costs and other assets, net, are composed of the following: December 31, 2024 2023 Lease origination costs $ 4,471,000 $ 5,501,000 R ight-of-use assets 2,024,000 2,059,000 Prepaid expenses 1,872,000 1,504,000 Other 125,000 77,000 Total other assets and deferred charges, net $ 8,492,000 $ 9,141,000 Deferred costs are amortized over the terms of the related agreements. Amortization expense related to deferred costs amounted to $1.0 million and $1.0 million for 2024 and 2023, respectively. The unamortized balances of deferred lease origination costs is net of accumulated amortization of $7.6 million and $10.7 million at December 31, 2024 and 2023, respectively. Deferred lease origination costs will be charged to future operations as follows: Lease 2025 $ 748,000 2026 716,000 2027 665,000 2028 556,000 2029 450,000 Thereafter 1,336,000 $ 4,471,000

Loans Payable, net

Loans Payable, net	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Loans Payable, net	Loans Payable, net The Company's loans payable are collateralized by 13 properties at December 31, 2024 and 2023 and are composed of the following: December 31, 2024 December 31, 2023 Description Maturity Balance outstanding Contractual Balance outstanding Contractual Fixed-rate secured term loans: Timpany Plaza Sep 2028 $ 11,527,000 7.3% $ 9,060,000 7.3% Term loan, 10 properties Nov 2032 109,571,000 5.3% 110,000,000 5.3% Patuxent Crossing/Coliseum Marketplace Jan 2033 25,000,000 6.4% 25,000,000 6.4% 146,098,000 5.6% 144,060,000 5.6% Unamortized issuance costs (3,137,000) (3,566,000) $ 142,961,000 $ 140,494,000 Term Loan Agreement, 10 properties On October 28, 2022, the Company entered into a term loan agreement with Guggenheim Real Estate, LLC for $110.0 million at a fixed rate of 5.25% with interest-only payments due monthly (the "Term Loan Agreement, 10 properties"). Wheeler REIT, L.P. provided a limited recourse indemnity in connection with such loan and includes certain financial covenants. Commencing on December 10, 2027, until the maturity date of November 10, 2032, monthly principal and interest payments will be made based on a 30-year amortization schedule calculated based on the principal amount as of that time. The Term Loan Agreement, 10 properties is collateralized by 10 properties, consisting of Brickyard Plaza, Fairview Commons, Gold Star Plaza, Golden Triangle, Hamburg Square, Pine Grove Plaza, Southington Center, Trexler Mall, Washington Center and Webster Commons. Upon the 2024 disposition of a vacant land parcel at Brickyard Plaza, the Company paid down approximately $0.4 million to release the land parcel from collateral. Patuxent Crossing/Coliseum Marketplace Loan Agreement On December 21, 2022, the Company entered into a term loan agreement with Citi Real Estate Funding Inc. for $25.0 million at a fixed rate of 6.35% with interest-only payments due monthly through maturity on January 6, 2033 (the "Patuxent Crossing/Coliseum Marketplace Loan Agreement"). The Patuxent Crossing/Coliseum Marketplace Loan Agreement is collateralized by 2 properties, consisting of Patuxent Crossing and Coliseum Marketplace. Timpany Plaza Loan Agreement On September 12, 2023, the Company entered into a term loan agreement with Cornerstone Bank for $11.56 million at a fixed rate of 7.27% with interest-only payments due monthly for the first twelve months (the "Timpany Plaza Loan Agreement"). Commencing on September 12, 2024, until the maturity date of September 12, 2028, monthly principal and interest payments will be made based on a 30-year amortization schedule calculated based on the principal amount as of that time. On the closing date, the Company received $9.06 million of the $11.56 million and the remaining $2.5 million was received in 2024, upon the satisfaction of certain lease-related contingencies. The Timpany Plaza Loan Agreement is collateralized by the Timpany Plaza shopping center. Revolving Credit Agreement On February 29, 2024, the Company entered into the Revolving Credit Agreement. The interest rate under the Revolving Credit Agreement was the daily SOFR, plus applicable margins of 0.10% plus 2.75%. Interest payments were due monthly, and any outstanding principal was due at maturity on February 28, 2025. The Revolving Credit Agreement was collateralized by 6 properties, consisting of Carll's Corner, Fieldstone Marketplace, Oakland Commons, Kings Plaza, Oregon Avenue and South Philadelphia, and proceeds were used for capital expenditures and tenant improvements for such properties. Upon the dispositions of Oakland Commons and Kings Plaza, the properties were released from collateral, the outstanding borrowings were repaid and the Revolving Credit Agreement was closed on September 12, 2024. Scheduled Principal Payments Scheduled principal payments on secured term loans at December 31, 2024, due on various dates through 2033, are as follow: 2025 $ 112,000 2026 121,000 2027 258,000 2028 12,647,000 2029 1,581,000 Thereafter 131,379,000 $ 146,098,000

Intangible Lease Asset_Liabilit

Intangible Lease Asset/Liability	12 Months Ended
	Dec. 31, 2024
Intangible Lease Asset Liability [Abstract]
Intangible Lease Asset/Liability	Intangible Lease Asset/Liability Unamortized intangible lease liabilities that relate to below market leases amounted to $1.3 million and $2.7 million at December 31, 2024 and 2023, respectively. The unamortized balance of intangible lease liabilities at December 31, 2024 is net of accumulated amortization of $15.2 million, and will be credited to future operations as follows: 2025 $ 181,000 2026 181,000 2027 181,000 2028 181,000 2029 181,000 Thereafter 360,000 $ 1,265,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Commitments Following the sale of Oakland Commons, including the related ground lease thereon, the Company is a lessee under one ground lease agreement at December 31, 2024. As of December 31, 2024, the Company's remaining lease term is approximately 46.4 years, and the discount rate used to calculate the Company's lease liability is approximately 8.6%. Rent expense under the Company's ground lease and executive office lease agreements was approximately $0.2 million and $0.2 million for 2024 and 2023, respectively. The following table represents a reconciliation of the Company's undiscounted future minimum lease payments for its ground lease agreement applicable to lease liabilities as of December 31, 2024: 2025 $ 177,000 2026 177,000 2027 177,000 2028 177,000 2029 177,000 Thereafter 7,314,000 Total undiscounted future minimum lease payments 8,199,000 Future minimum lease payments, discount (6,175,000) L ease liabilities $ 2,024,000 Insurance The Company carries comprehensive liability, property, fire, flood, wind, extended coverage, business interruption and rental loss insurance covering all of the properties in its portfolio under an insurance policy, in addition to other coverages, such as trademark and pollution coverage that may be appropriate for certain of its properties. Additionally, the Company carries a directors', officers', entity and employment practices liability insurance policy that covers such claims made against the Company and its directors and officers. The Company believes the policy specifications and insured limits are appropriate and adequate for its properties and the other covered items given the relative risk of loss, the cost of the coverage, requirements from any and all lenders and general industry practice; however, its insurance coverage may not be sufficient to fully cover losses. Regulatory and Environmental As the owner of the buildings on our properties, the Company could face liability for the presence of hazardous materials (e.g., asbestos or lead) or other adverse conditions (e.g., poor indoor air quality) in its buildings. Environmental laws govern the presence, maintenance, and removal of hazardous materials in buildings, and if the Company does not comply with such laws, it could face fines for such noncompliance. Also, the Company could be liable to third parties (e.g., occupants of the buildings) for damages related to exposure to hazardous materials or adverse conditions in its buildings, and the Company could incur material expenses with respect to abatement or remediation of hazardous materials or other adverse conditions in its buildings. In addition, some of the Company's tenants routinely handle and use hazardous or regulated substances and wastes as part of their operations at our properties, which are subject to regulation. Such environmental and health and safety laws and regulations could subject the Company or its tenants to liability resulting from these activities. Environmental liabilities could affect a tenant's ability to make rental payments to the Company, and changes in laws could increase the potential liability for noncompliance. This may result in significant unanticipated expenditures or may otherwise materially and adversely affect the Company's operations. The Company is not aware of any material contingent liabilities, regulatory matters or environmental matters that may exist. Litigation The Company is involved in various legal proceedings in the ordinary course of its business, including, but not limited to commercial disputes. The Company believes that such litigation, claims and administrative proceedings will not have a material adverse impact on its financial position or its results of operations. The Company records a liability when it considers the loss probable and the amount can be reasonably estimated. On September 4, 2024, the United States Court of Appeals for the Fourth Circuit affirmed the United States District Court for the District of Maryland's order dismissing the consolidated complaints in the Sydney, et al. v. Cedar Realty Trust, Inc., et al. , (Case No. C-15-CV-22-001527) and Kim v. Cedar Realty Trust, Inc., et al. , Civil Action No. 22-cv-01103 lawsuits, and the matters are now concluded.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Equity Preferred Stock The Company's Series B Preferred Stock has no stated maturity, is not convertible into any other security of the Company, and is redeemable, in whole or in part, at the Company's option beginning May 22, 2017 at a price of $25.00 per share plus accrued and unpaid distributions. The Company's Series C Preferred Stock has no stated maturity, is not convertible into any other security of the Company, and is redeemable at the Company's option beginning August 24, 2022 at a price of $25.00 per share plus accrued and unpaid distributions. The Company is authorized to issue up to 12,500,000 shares of preferred stock, in the aggregate. The following tables summarize details about the Company's preferred stock: Series B Series C Par value $ 0.01 $ 0.01 Liquidation value $ 25.00 $ 25.00 December 31, 2024 December 31, 2023 Series B Series C Series B Series C Shares authorized 6,050,000 6,450,000 6,050,000 6,450,000 Shares issued and outstanding 1,449,609 4,208,694 1,449,609 5,000,000 Balance $ 34,767,000 $ 105,027,000 $ 34,767,000 $ 124,774,000 Dividends The following table provides a summary of dividends declared and paid per share: Years ended December 31, 2024 2023 Series B Preferred Stock $ 1.8125 $ 1.8125 Series C Preferred Stock $ 1.6250 $ 1.6250 At December 31, 2024 and 2023, there were $1.1 million and $1.2 million, respectively, of accrued preferred stock dividends that are included in accounts payable, accrued expenses, and other liabilities in the consolidated balance sheets. Stock Repurchase Program On August 8, 2024, the Board of Directors authorized the Repurchase Program. The timing, price and actual number of shares of Preferred Stock repurchased under the Repurchase Program will depend on a variety of factors, including price, market conditions and regulatory requirements. The repurchases may be made in the open market, in privately negotiated transactions or by other means, as determined by management. The Company is not required to repurchase any shares of Preferred Stock under the Repurchase Program. On September 19, 2024, in anticipation of the September 2024 Tender Offer, the Company ceased Preferred Stock repurchases. On November 12, 2024, the Company recommenced Preferred Stock repurchases following the expiration of the September 2024 Tender Offer. On December 20, 2024, in anticipation of the December 2024 Tender Offer, the Company ceased Preferred Stock repurchases. The following table provides a summary of stock repurchase activity under the Repurchase Program. There were no repurchases of the Series B Preferred Stock during the year ended December 31, 2024. Series C Preferred Stock Total Number of Shares Purchased Weighted Average Price Paid per Share Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) Balance, December 31, 2023 — $ — $ — For the year ended December 31, 2024 102,636 $ 13.54 8,609,000 Balance, December 31, 2024 102,636 $ 13.54 $ 8,609,000 (1) Reflects the dollar value of shares that may yet be repurchased under the Repurchase Program announced on August 12, 2024. Tender Offers On September 25, 2024, the Company announced and commenced the September 2024 Tender Offer, and upon its expiration on October 24, 2024, the Company accepted for purchase 688,670 shares of its Series C Preferred Stock at $14.00 per share for approximately $9.6 million, which included 45,813 shares that the Company elected to purchase pursuant to its ability to purchase up to an additional 2% of its outstanding Series C Preferred Stock. On December 27, 2024, the Company announced and commenced the December 2024 Tender Offer. Following the expiration of the December 2024 Tender Offer on January 28, 2025, the Company accepted for purchase 645,276 shares of its Series C Preferred Stock at $15.75 per share for approximately $10.2 million. See Note 15, Subsequent Events. In 2024, the Company recognized a $7.6 million deemed contribution in relation to the Stock Repurchase Program and the Tender Offers, which represents the difference between the carrying value of the Series C Preferred Stock and the amounts paid in conjunction with the Stock Repurchase Program and the Tender Offers. The deemed contribution is included in the consolidated statement of operations to arrive at net income attributable to common shareholders.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2024
Revenues [Abstract]
Revenues	Revenues Revenues are comprised of the following: Years ended December 31, 2024 2023 Base rents $ 23,992,000 $ 23,902,000 Expense recoveries - variable lease revenue 8,254,000 7,705,000 Percentage rent - variable lease revenue 460,000 479,000 Straight-line rents 288,000 1,208,000 Above (below) market lease amortization, net 226,000 336,000 Other 1,400,000 645,000 34,620,000 34,275,000 Credit adjustments on operating lease receivables (72,000) 357,000 Total revenues $ 34,548,000 $ 34,632,000 The Company reviews the collectability of charges under its tenant operating leases on a regular basis, taking into consideration changes in factors such as the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area where the property is located. In the event that collectability with respect to any tenant changes, the Company recognizes an adjustment to rental income. The Company's review of collectability of charges under its operating leases includes any accrued rental revenues related to the straight-line method of reporting rental revenue. Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2024 are approximately as follows: 2025 $ 22,357,000 2026 22,224,000 2027 20,256,000 2028 16,331,000 2029 13,347,000 Thereafter 44,968,000 $ 139,483,000

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is calculated by dividing net income (loss) attributable to the Company's common shareholders by the weighted average number of common shares outstanding for the period. The following table provides a reconciliation of the numerator and denominator of the EPS calculations: Years ended December 31, 2024 2023 Numerator Net income $ 4,545,000 $ 2,007,000 Preferred stock dividends (10,295,000) (10,752,000) Deemed contribution related to preferred stock repurchases 7,629,000 — Net income (loss) attributable to common shares $ 1,879,000 $ (8,745,000) Denominator Weighted average number of common shares outstanding 13,718,169 13,718,169 Net income (loss) per common share attributable to common shareholders $ 0.14 $ (0.64)

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company is a subsidiary of WHLR. WHLR performs property management and leasing services for the Company pursuant to that certain Wheeler Real Estate Company Management Agreement entered into in August 2022 by and between Wheeler Real Estate LLC, a wholly-owned subsidiary of WHLR, and the Company and its subsidiaries (the "Wheeler Real Estate Company Management Agreement"). The management fee is 4% of gross operating income, and leasing commissions range from 3% to 6%. During the years ended December 31, 2024 and 2023, the Company paid WHLR $1.4 million and $2.1 million, respectively, for these services. The Operating Partnership and WHLR's operating partnership, Wheeler REIT, L.P., are party to the Cost Sharing Agreement. The related party amounts due to WHLR are comprised of: December 31, 2024 2023 Financings and real estate taxes $ 7,166,000 $ 7,166,000 Management fees 634,000 225,000 Leasing commissions 548,000 161,000 Cost Sharing Agreement allocations (1) 800,000 548,000 Transaction fees 343,000 — Other — (6,000) Total $ 9,491,000 $ 8,094,000 (1)

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividends On January 30, 2025, the Company announced that the Board of Directors declared a dividend of $0.453125 and $0.406250 per share with respect to the Company's Series B Preferred Stock and Series C Preferred Stock, respectively. The dividends were paid on February 20, 2025 to shareholders of record on February 10, 2025. December 2024 Tender Offer On January 28, 2025, the December 2024 Tender Offer expired in accordance with its terms. An aggregate of 645,276 shares of Series C Preferred Stock were properly tendered and not properly withdrawn at or below the final purchase price of $15.75 per share. The Company accepted for purchase all shares of Series C Preferred Stock that were properly tendered and not properly withdrawn at or below the final purchase price. The purchase price for the Series C Preferred Stock purchased in the December 2024 Tender Offer is approximately $10.2 million, excluding fees and expenses relating to the December 2024 Tender Offer. The shares purchased represent approximately 15.3% of the issued and outstanding Series C Preferred Stock as of January 30, 2025. Webster Commons On February 11, 2025, Cedar Realty Trust, Inc. sold Webster Commons, a 98,984 square foot retail center located in Webster, Massachusetts, for $14.5 million, resulting in $13.9 million in net proceeds, which includes a $9.1 million pay down of the Term Loan Agreement, 10 properties to release the property from collateral. February 2025 Tender Offers On February 21, 2025, the Company announced and commenced concurrent but separate offers to purchase up to an aggregate amount paid of $9.5 million of (i) up to 584,615 shares of Series C Preferred Stock for a purchase price of $16.25 per share, in cash, and (ii) up to 535,211 shares of Series B Preferred Stock for a purchase price of $17.75 per share, in cash, each less any applicable withholding taxes and without interest (the "February 2025 Tender Offers"). The February 2025 Tender Offers are intended to expire at 5:00 p.m., New York City time, on March 21, 2025, unless either Offer is earlier extended or terminated.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Cedar Realty Trust, Inc. Schedule II Valuation and Qualifying Accounts Balance at Charged to Deductions Balance at beginning costs (recoveries) from end Description of year and expense reserves of year Allowance for doubtful accounts: Year ended December 31, 2024 $ 469,000 $ 72,000 $ (212,000) $ 329,000 Year ended December 31, 2023 $ 2,565,000 $ (357,000) $ (1,739,000) $ 469,000

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciati on Property Encumbrances Gross Initial cost to the Company Subsequent Land Building and Brickyard Plaza (1) 227,598 $ 6,465,000 $ 29,119,000 $ (1,125,000) Carll's Corner 116,532 3,034,000 15,293,000 (13,357,000) Coliseum Marketplace (2) 106,648 2,924,000 14,416,000 (2,383,000) Fairview Commons (1) 50,485 858,000 3,568,000 666,000 Fieldstone Marketplace 193,836 5,229,000 21,440,000 (1,705,000) Gold Star Plaza (1) 71,720 1,644,000 6,519,000 (142,000) Golden Triangle (1) 202,790 2,320,000 9,713,000 12,754,000 Hamburg Square (1) 102,058 1,153,000 4,678,000 6,635,000 Oregon Avenue — 2,247,000 18,616,000 (18,023,000) Patuxent Crossing (2) 264,068 14,849,000 18,445,000 1,835,000 Pine Grove Plaza (1) 79,306 2,010,000 6,489,000 1,218,000 South Philadelphia parcels — 2,128,000 — — Southington Center (1) 155,842 — 11,834,000 1,671,000 Timpany Plaza $11,527,000 182,820 3,412,000 19,240,000 (670,000) Trexler Mall (1) 342,541 6,932,000 32,815,000 12,701,000 Washington Center Shoppes (1) 157,300 2,061,000 7,314,000 6,857,000 Webster Commons (1) 98,984 3,551,000 18,412,000 (2,366,000) Other n/a — — 564,000 — Total Portfolio 2,352,528 $ 60,817,000 $ 238,475,000 $ 4,566,000 Gross amount at which carried at Accumulated Year built/ Year Depreciation (continued) Property Land Building and Total Brickyard Plaza $ 6,465,000 $ 27,994,000 $ 34,459,000 $ 15,527,000 1990/2012 2004 3 - 40 years Carll's Corner 220,000 4,750,000 4,970,000 3,364,000 1960s-1999 2007 3 - 40 years Coliseum Marketplace 3,586,000 11,371,000 14,957,000 7,168,000 1987/2012 2005 3 - 40 years Fairview Commons 858,000 4,234,000 5,092,000 2,145,000 1976/2003 2007 3 - 40 years Fieldstone Marketplace 5,167,000 19,797,000 24,964,000 11,203,000 1988/2003 2005/2012 3 - 40 years Gold Star Plaza 1,644,000 6,377,000 8,021,000 3,165,000 1988 2006 3 - 40 years Golden Triangle 2,320,000 22,467,000 24,787,000 12,784,000 1960/2005 2003 3 - 40 years Hamburg Square 1,153,000 11,313,000 12,466,000 5,615,000 1993/2010 2004 3 - 40 years Oregon Avenue 2,141,000 699,000 2,840,000 202,000 2011 2016 3 - 40 years Patuxent Crossing 13,211,000 21,918,000 35,129,000 12,313,000 1985-1997 2009 3 - 40 years Pine Grove Plaza 1,622,000 8,095,000 9,717,000 4,154,000 2001/2002 2003 3 - 40 years South Philadelphia parcels 2,128,000 — 2,128,000 — n/a 2003 n/a Southington Center — 13,505,000 13,505,000 6,968,000 1972/2000 2003 3 - 40 years Timpany Plaza 3,368,000 18,614,000 21,982,000 8,663,000 1970's-1989 2007 3 - 40 years Trexler Mall 6,932,000 45,516,000 52,448,000 22,400,000 1973/2013 2005 3 - 40 years Washington Center Shoppes 2,000,000 14,232,000 16,232,000 7,277,000 1979/1995 2001 3 - 40 years Webster Commons 4,082,000 15,515,000 19,597,000 8,503,000 1960's-2004 2007 3 - 40 years Other — 564,000 564,000 247,000 n/a n/a n/a Total Portfolio $ 56,897,000 $ 246,961,000 $ 303,858,000 $ 131,698,000 Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciati on The changes in real estate and accumulated depreciation for the years ended December 31, 2024 and 2023, respectively, are as follows: Cost 2024 2023 Balance, beginning of the year $ 368,165,000 $ 364,110,000 Properties transferred to/from held for sale — — Disposals (74,968,000) (2,401,000) Property impairments (1,064,000) — Improvements and betterments 11,725,000 6,456,000 Balance, end of the year $ 303,858,000 (4) $ 368,165,000 Accumulated depreciation Balance, beginning of the year $ 166,489,000 $ 157,468,000 Properties transferred to/from held for sale — — Disposals (42,501,000) (945,000) Depreciation expense (5) 7,710,000 9,966,000 Balance, end of the year $ 131,698,000 $ 166,489,000 Net book value $ 172,160,000 $ 201,676,000 (1) Properties secure the Term Loan Agreement, 10 properties. (2) Properties secure the Patuxent Crossing/Coliseum Marketplace Loan Agreement. (3) Negative amounts represent write-offs of fully depreciated assets, partial asset sales and (4) At December 31, 2024, the aggregate cost for federal income tax purposes was approximately $78.9 million greater than the Company's recorded values. (5) Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 4,545	$ 2,007

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company depends on the proper functioning, availability and security of its information systems, including financial, data processing, communications and operating systems. Several information systems are software applications provided by third parties. Although risks from cybersecurity threats have to date not materially affected, and we do not believe they are reasonably likely to materially affect, us, our business strategy, results of operations or financial condition, like other companies in our industry, we could, from time to time, experience threats and security incidents related to our and our third-party vendors' information systems, including attempts to gain unauthorized access to our confidential data, and other electronic security breaches. Such cybersecurity attacks can range from individual attempts to gain unauthorized access to our information technology systems to more sophisticated security threats. While we employ a number of measures to prevent, detect and mitigate these threats, there is no guarantee such efforts will be successful in preventing a cybersecurity attack. A cybersecurity attack could compromise the confidential information of our employees, tenants and vendors. A successful cybersecurity attack could disrupt and otherwise adversely affect our business operations. The Company does not believe that it has experienced any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company and its business strategy, results of operations and/or financial condition. Assessment, identification and management of cybersecurity related risks are integrated into our overall risk management process. Cybersecurity related risks are included in the risk universe we evaluate to assess top risks to the Company at least annually. To the extent our processes identify a heightened cybersecurity related risk, risk owners are assigned to develop risk mitigation plans, which are then tracked to completion.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Assessment, identification and management of cybersecurity related risks are integrated into our overall risk management process.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	cybersecurity risk as part of its risk oversight function and has delegated oversight of cybersecurity risk strategy and governance and of other information technology risks to the Audit Committee of WHLR's Board of Directors (the "Audit Committee"). The Audit Committee reports to the full Board of Directors of WHLR regarding its activities, including those related to cybersecurity. Senior management, including the Company's CEO, CFO, and General Counsel, is responsible for assessing and managing cybersecurity risk, and provides briefings regarding the assessment and management of such risk to the Audit Committee, which then reports, as necessary, to WHLR's Board of Directors. Although members of our senior management do not have direct cybersecurity expertise obtained through certifications, their experience managing the Company, which includes consulting and coordinating as necessary with a third party information technology expert referred to below, enables them to effectively assess and manage material risks from cybersecurity threats. Through WHLR, the Company retained an information technology expert third party company to assist in managing relevant risks. In particular, the Company outsources its information technology function and monitoring to a third party provider whereby it benefits from a professionally managed network monitoring, management, maintenance, detection and response system and a 24/7 security operations center with both onsite and remote support services. Any cybersecurity incident would be reported to the Company promptly by our third party consultant and material and potentially material incidents would be assessed by management and the Audit Committee for remediation and future prevention and detection. The Company, at least annually, updates its policies or procedures that could help mitigate cybersecurity risks. Notwithstanding the extensive approach we take to cybersecurity, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us. The Company has incorporated cybersecurity coverage in its insurance policies; however, there is no assurance that the insurance the Company maintains will cover all cybersecurity breaches or that policy limits will be sufficient to cover all related losses.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	cybersecurity risk as part of its risk oversight function and has delegated oversight of cybersecurity risk strategy and governance and of other information technology risks to the Audit Committee of WHLR's Board of Directors (the "Audit Committee").
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee reports to the full Board of Directors of WHLR regarding its activities, including those related to cybersecurity.
Cybersecurity Risk Role of Management [Text Block]	Senior management, including the Company's CEO, CFO, and General Counsel, is responsible for assessing and managing cybersecurity risk, and provides briefings regarding the assessment and management of such risk to the Audit Committee, which then reports, as necessary, to WHLR's Board of Directors. Although members of our senior management do not have direct cybersecurity expertise obtained through certifications, their experience managing the Company, which includes consulting and coordinating as necessary with a third party information technology expert referred to below, enables them to effectively assess and manage material risks from cybersecurity threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Senior management, including the Company's CEO, CFO, and General Counsel, is responsible for assessing and managing cybersecurity risk, and provides briefings regarding the assessment and management of such risk to the Audit Committee, which then reports, as necessary, to WHLR's Board of Directors.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Although members of our senior management do not have direct cybersecurity expertise obtained through certifications, their experience managing the Company, which includes consulting and coordinating as necessary with a third party information technology expert referred to below, enables them to effectively assess and manage material risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Senior management, including the Company's CEO, CFO, and General Counsel, is responsible for assessing and managing cybersecurity risk, and provides briefings regarding the assessment and management of such risk to the Audit Committee, which then reports, as necessary, to WHLR's Board of Directors.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts and operations of the Company, the Operating Partnership, and its subsidiaries.
Basis of Preparation	The accompanying financial statements are prepared on the accrual basis in accordance with GAAP, which requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates. Certain prior year amounts in the consolidated financial statements and notes thereto have been reclassified to conform to current year presentation. These reclassifications had no effect on net income or loss.
Real Estate Investments	Real estate investments include costs of both acquired and constructed assets, and are carried at cost less accumulated depreciation. The provision for depreciation is calculated using the straight-line method based upon the estimated useful lives of the respective assets of between 3 and 40 years, with buildings being depreciated at the upper end of the range. Expenditures for betterments that substantially extend the useful lives of the assets are capitalized. Expenditures for maintenance, repairs, and betterments that do not substantially prolong the normal useful life of an asset are charged to operations as incurred. The Company allocates the fair value of real estate acquired to land, buildings and improvements. In addition, the fair value of in-place leases is allocated to intangible lease assets and liabilities. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management's determination of the fair values of these assets. In valuing an acquired property's intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, such as real estate taxes, insurance, other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. The values of acquired above market and below market leases are recorded based on the present values (using discount rates which reflect the risks associated with the leases acquired) of the differences between the contractual amounts to be received and management's estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of the acquisitions. Such valuations include consideration of the non-cancelable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below market rental renewal options are determined based on the Company's experience and the relevant facts and circumstances that existed at the time of the acquisitions. The values of above market leases are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of below market leases associated with the original non-cancelable lease terms are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of the leases associated with below market renewal options that are likely of exercise are amortized to rental income over the respective renewal periods. The value of other intangible assets (including leasing commissions, tenant improvements, etc.) is amortized to expense over the applicable terms of the respective leases. If a lease were to be terminated prior to its stated expiration or not renewed, all unamortized amounts relating to that lease would be recognized in depreciation and amortization expense at that time.
Properties Held for Sale	The Company may decide to sell properties that are held for use. The Company records these properties as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year. The carrying values of the assets and liabilities of properties determined to be held for sale, principally the net book values of the real estate and the related mortgage loans payable expected to be assumed by the buyers, are reclassified as "held for sale" on the Company's consolidated balance sheets at the time such determinations are made, on a prospective basis only. The Company, when applicable, conducts a continuing review of the values for all properties "held for sale" based on estimated sales prices and sales contracts entered into. Impairment charges/reversals, if applicable, are based on a comparison of the carrying values of the properties with either (1) actual sales prices less costs to sell for properties sold, or contract amounts less costs to sell for properties in the process of being sold, (2) estimated sales prices, less costs to sell, based on discounted cash flow analyses, if no contract amounts are being negotiated, or (3) with respect to land parcels, estimated sales prices, less costs to sell, based on comparable sales completed in the selected market areas. Properties meeting the "held for sale" criteria, are written down to the lower of their carrying value and estimated fair values less costs to sell. The Company follows the guidance for reporting discontinued operations, whereby a disposal of an individual property or group of properties is required to be reported in "discontinued operations" only if the disposal represents a strategic shift that has, or will have, a major effect on the Company's operations and financial results. The results of operations for those properties not meeting such criteria are reported in "continuing operations" in the consolidated statements of operations.
Cash and Cash Equivalents / Restricted Cash	Cash and cash equivalents consist of cash in banks and short-term investments with original maturities when purchased of less than ninety days. The terms of the secured term loans may require the Company to deposit certain replacement and other reserves with its lenders. Such "restricted cash" is generally available only for property-level requirements for which the reserves have been established. Restricted cash represents amounts held by lenders for real estate taxes, insurance, reserves for capital improvements, leasing costs and tenant security deposits.
Fair Value Measurements	The accounting guidance for fair value measurement establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: • Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Revenue Recognition and Receivables	The Company's underlying assets relating to rental revenue activity is solely retail space. The Company retains substantially all of the risks and benefits of ownership of these underlying assets and accounts for these leases as operating leases. The Company combines lease and nonlease components in lease contracts, which includes combining base rent and tenant reimbursement revenue. Rental income with scheduled rent increases is recognized using the straight-line method over the respective non-cancelable terms of the leases. The aggregate excess of rental revenue recognized on a straight-line basis over the contractual base rents is included in receivables on the consolidated balance sheets. Leases also generally contain provisions under which the tenants reimburse the Company for a portion of property operating expenses and real estate taxes incurred, generally attributable to their respective allocable portions of gross leasable area. Such income is recognized in the periods earned. In addition, a limited number of operating leases contain contingent rent provisions under which tenants are required to pay, as additional rent, a percentage of their sales in excess of a specified amount. The Company defers recognition of contingent rental income until those specified sales targets are met. The Company's leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or "CAM" expenses). This significantly reduces the Company's exposure to increases in costs and operating expenses resulting from inflation or other outside factors. These reimbursements are considered nonlease components which the Company combines with the lease component. The Company calculates the tenant's share of operating costs by multiplying the total amount of the operating costs by the tenant's pro-rata percentage of square footage to total square footage of the property. The Company also receives monthly payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes tenant reimbursements as variable lease income as such expenses are reimbursed. The Company defers recognition of contingent rental income until those specified sales targets are met. Revenues also include items such as lease termination fees, which tend to fluctuate more than rents from year to year. Termination fees are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration. The Company recognizes lease termination fees, which are included in revenues on the consolidated statements of operations, in the year that the lease is terminated and collection of the fee is reasonably assured. Upon early lease termination, the Company records losses related to unrecovered deferred costs and other assets, net. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. Bad debt expense is recorded as a reduction of rental revenues in the Company's consolidated statements of operations.
Segment Information	The Company's Chief Executive Officer is the Chief Operating Decision Maker ("CODM"). The Company's primary business is the ownership and operation of grocery-anchored shopping centers. The CODM reviews operating and financial information for each property on an individual basis and, accordingly, each property represents an individual operating segment. The CODM uses net operating income ("NOI") to assist in making decisions on how to allocate resources and assess the Company's financial performance. The Company defines NOI as revenues (rental and other revenues), less real estate and other property-related taxes, insurance and property operating expenses. CAM expenses, utilities, ground rent and management fees are reviewed by the CODM collectively as property operating expenses. The Company has no operations outside of the United States of America. Therefore, the Company has aggregated its properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in similar markets, and have similar tenant mixes.
Lease Commitments	The Company determines if an arrangement is a lease at inception. Operating leases, in which the Company is the lessee, are included in deferred costs and other assets, net, and accounts payable, accrued expenses, and other liabilities on the Company's consolidated balance sheets. Right-of-use ("ROU") assets represent the right to use an underlying asset for the lease term and the lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets include any lease payments made and excludes lease incentives. The Company's lease terms may include options to extend the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company combines lease and associated nonlease components. The lease components are the majority of its leasing arrangements and the Company accounts for the combined component as an operating lease. In the event the Company modifies existing ground leases or enters into new ground leases, such leases may be classified as finance leases.
Income Taxes	The Company, organized in 1984, has elected to be taxed as a REIT under the Code. A REIT will generally not be subject to federal income taxation on that portion of its income that qualifies as REIT taxable income, to the extent that it distributes at least 90% of such REIT taxable income to its stockholders and complies with certain other requirements. As of December 31, 2024, the Company was in compliance with all REIT requirements. The Company follows a two-step approach for evaluating uncertain federal, state and local tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The Company has not identified any uncertain tax positions which would require an accrual. The Company’s tax returns are subject to audit by taxing authorities. Generally, as of December 31, 2024, the tax years 2021 through 2023 remain open to examination by the major taxing jurisdictions in which the Company is subject to taxes. One of the Company’s subsidiary entities is currently under an Internal Revenue Service audit for tax year 2022. The Company does not expect this audit to result in any material changes to the Company’s financial position.
Recently Adopted Accounting Standards and Recently Issued Accounting Pronouncements	In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Disclosures." The amendments in this ASU enhance disclosures of the reportable segments, including entities with a single reportable segment. Additional disclosures include providing one or more measure of profit or loss that is regularly used by the CODM and disclosure of the title and position of the CODM. The guidance is effective for fiscal years beginning after December 15, 2023. We adopted this guidance effective for the Company's annual reporting period beginning on January 1, 2024. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Other accounting standards that have been recently issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables provide information about the Company's segment revenues, significant segment expenses, NOI and a reconciliation of NOI to the Company’s consolidated operating income: Years ended December 31, 2024 2023 Revenues $ 34,548,000 $ 34,632,000 Operating expenses: Real estate and other property-related taxes 5,140,000 5,425,000 Insurance 1,008,000 929,000 Property operating expenses 7,178,000 6,799,000 Total 13,326,000 13,153,000 NOI $ 21,222,000 $ 21,479,000 Years ended December 31, 2024 2023 NOI $ 21,222,000 $ 21,479,000 Add (deduct): Corporate general and administrative (2,304,000) (3,192,000) Depreciation and amortization (8,680,000) (10,918,000) Gain on sales, net 4,472,000 2,662,000 Impairment charges (1,064,000) — Operating income $ 13,646,000 $ 10,031,000
Schedule of Supplemental Cash Flow Information	Supplemental Consolidated Statements of Cash Flows Information Years ended December 31, 2024 2023 Supplemental disclosure of cash activities: Cash paid for interest $ 8,304,000 $ 7,495,000 Supplemental disclosure of non-cash activities: Buildings and improvements included in accounts payable, accrued expenses, and other liabilities $ 264,000 $ 136,000

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2024
Real Estate [Abstract]
Schedule of Disposal Groups and Discontinued Operations	The Company sold the following properties during the years ended December 31, 2024 and 2023: Disposal Date Property Contract Price Gain (Loss) Net Proceeds 12/26/2024 South Philadelphia retail center $ 21,000,000 $ 3,187,000 $ 16,736,000 11/27/2024 Brickyard Plaza land parcel 1,150,000 (363,000) 1,050,000 9/12/2024 Kings Plaza 14,200,000 1,703,000 13,746,000 6/26/2024 Oakland Commons 6,000,000 (55,000) 5,662,000 7/11/2023 Carll's Corner outparcel building 3,000,000 2,662,000 2,759,000

Receivables, net (Tables)

Receivables, net (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Components of Receivables, Net	Receivables, net are composed of the following: December 31, 2024 2023 Rents and other receivables, net $ 1,540,000 $ 1,894,000 Straight-line rents, net 4,115,000 4,463,000 $ 5,655,000 $ 6,357,000

Deferred Costs and Other Asse_2

Deferred Costs and Other Assets, net (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Components of Other Assets and Deferred Charges, Net	Deferred costs and other assets, net, are composed of the following: December 31, 2024 2023 Lease origination costs $ 4,471,000 $ 5,501,000 R ight-of-use assets 2,024,000 2,059,000 Prepaid expenses 1,872,000 1,504,000 Other 125,000 77,000 Total other assets and deferred charges, net $ 8,492,000 $ 9,141,000
Schedule of Future Charges of Unamortized Balances of Deferred Lease Origination Costs	Deferred lease origination costs will be charged to future operations as follows: Lease 2025 $ 748,000 2026 716,000 2027 665,000 2028 556,000 2029 450,000 Thereafter 1,336,000 $ 4,471,000

Loans Payable, net (Tables)

Loans Payable, net (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Company's loans payable are collateralized by 13 properties at December 31, 2024 and 2023 and are composed of the following: December 31, 2024 December 31, 2023 Description Maturity Balance outstanding Contractual Balance outstanding Contractual Fixed-rate secured term loans: Timpany Plaza Sep 2028 $ 11,527,000 7.3% $ 9,060,000 7.3% Term loan, 10 properties Nov 2032 109,571,000 5.3% 110,000,000 5.3% Patuxent Crossing/Coliseum Marketplace Jan 2033 25,000,000 6.4% 25,000,000 6.4% 146,098,000 5.6% 144,060,000 5.6% Unamortized issuance costs (3,137,000) (3,566,000) $ 142,961,000 $ 140,494,000
Schedule of Principal Payments on Secured Term Loans	Scheduled principal payments on secured term loans at December 31, 2024, due on various dates through 2033, are as follow: 2025 $ 112,000 2026 121,000 2027 258,000 2028 12,647,000 2029 1,581,000 Thereafter 131,379,000 $ 146,098,000

Intangible Lease Asset_Liabil_2

Intangible Lease Asset/Liability (Tables)	12 Months Ended
	Dec. 31, 2024
Intangible Lease Asset Liability [Abstract]
Schedule of Unamortized Balance of Intangible Lease Liabilities Net	The unamortized balance of intangible lease liabilities at December 31, 2024 is net of accumulated amortization of $15.2 million, and will be credited to future operations as follows: 2025 $ 181,000 2026 181,000 2027 181,000 2028 181,000 2029 181,000 Thereafter 360,000 $ 1,265,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Reconciliation of Undiscounted Future Minimum Lease Payments	The following table represents a reconciliation of the Company's undiscounted future minimum lease payments for its ground lease agreement applicable to lease liabilities as of December 31, 2024: 2025 $ 177,000 2026 177,000 2027 177,000 2028 177,000 2029 177,000 Thereafter 7,314,000 Total undiscounted future minimum lease payments 8,199,000 Future minimum lease payments, discount (6,175,000) L ease liabilities $ 2,024,000

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of Preferred Stock	The following tables summarize details about the Company's preferred stock: Series B Series C Par value $ 0.01 $ 0.01 Liquidation value $ 25.00 $ 25.00 December 31, 2024 December 31, 2023 Series B Series C Series B Series C Shares authorized 6,050,000 6,450,000 6,050,000 6,450,000 Shares issued and outstanding 1,449,609 4,208,694 1,449,609 5,000,000 Balance $ 34,767,000 $ 105,027,000 $ 34,767,000 $ 124,774,000
Schedule of Dividends Declared and Paid	The following table provides a summary of dividends declared and paid per share: Years ended December 31, 2024 2023 Series B Preferred Stock $ 1.8125 $ 1.8125 Series C Preferred Stock $ 1.6250 $ 1.6250
Schedule of Share Repurchase Program Activity	The following table provides a summary of stock repurchase activity under the Repurchase Program. There were no repurchases of the Series B Preferred Stock during the year ended December 31, 2024. Series C Preferred Stock Total Number of Shares Purchased Weighted Average Price Paid per Share Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) Balance, December 31, 2023 — $ — $ — For the year ended December 31, 2024 102,636 $ 13.54 8,609,000 Balance, December 31, 2024 102,636 $ 13.54 $ 8,609,000 (1) Reflects the dollar value of shares that may yet be repurchased under the Repurchase Program announced on August 12, 2024.

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2024
Revenues [Abstract]
Schedule of Rent Revenues	Revenues are comprised of the following: Years ended December 31, 2024 2023 Base rents $ 23,992,000 $ 23,902,000 Expense recoveries - variable lease revenue 8,254,000 7,705,000 Percentage rent - variable lease revenue 460,000 479,000 Straight-line rents 288,000 1,208,000 Above (below) market lease amortization, net 226,000 336,000 Other 1,400,000 645,000 34,620,000 34,275,000 Credit adjustments on operating lease receivables (72,000) 357,000 Total revenues $ 34,548,000 $ 34,632,000
Schedule of Annual Future Base Rents due to be Received	Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2024 are approximately as follows: 2025 $ 22,357,000 2026 22,224,000 2027 20,256,000 2028 16,331,000 2029 13,347,000 Thereafter 44,968,000 $ 139,483,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings per Share	The following table provides a reconciliation of the numerator and denominator of the EPS calculations: Years ended December 31, 2024 2023 Numerator Net income $ 4,545,000 $ 2,007,000 Preferred stock dividends (10,295,000) (10,752,000) Deemed contribution related to preferred stock repurchases 7,629,000 — Net income (loss) attributable to common shares $ 1,879,000 $ (8,745,000) Denominator Weighted average number of common shares outstanding 13,718,169 13,718,169 Net income (loss) per common share attributable to common shareholders $ 0.14 $ (0.64)

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The related party amounts due to WHLR are comprised of: December 31, 2024 2023 Financings and real estate taxes $ 7,166,000 $ 7,166,000 Management fees 634,000 225,000 Leasing commissions 548,000 161,000 Cost Sharing Agreement allocations (1) 800,000 548,000 Transaction fees 343,000 — Other — (6,000) Total $ 9,491,000 $ 8,094,000 (1)

Business and Organization (Deta

Business and Organization (Details)	12 Months Ended
	Dec. 31, 2024 property
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	16
Cedar Realty Trust Partnership L.P
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Company's interest in operating partnership (as a percent)	100%
Pennsylvania
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	6
Massachusetts
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	3
New Jersey
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	3
Connecticut
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	2
Maryland
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	1
Virginia
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Effects Of Changes Net [Line Items]
Number of properties	1

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 segment
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segment	1
Minimum
Summary Of Significant Accounting Policies [Line Items]
Real estate investments useful life (in years)	3 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Real estate investments useful life (in years)	40 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Segment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 34,548	$ 34,632
Operating expenses:
Real estate and other property-related taxes	5,140	5,425
Total expenses	24,310	27,263
Reportable Segment
Segment Reporting Information [Line Items]
Revenues	34,548	34,632
Operating expenses:
Real estate and other property-related taxes	5,140	5,425
Insurance	1,008	929
Property operating expenses	7,178	6,799
Total expenses	13,326	13,153
NOI	$ 21,222	$ 21,479

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Reconciliation Operating Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Corporate general and administrative	$ (2,304,000)	$ (3,192,000)
Depreciation and amortization	(8,680,000)	(10,918,000)
Gain on sales, net	4,472,000	2,662,000
Impairment charges	(1,064,000)	0
OPERATING INCOME	13,646,000	10,031,000
Reportable Segment
Segment Reporting Information [Line Items]
NOI	21,222,000	21,479,000
Corporate general and administrative	(2,304,000)	(3,192,000)
Depreciation and amortization	(8,680,000)	(10,918,000)
Gain on sales, net	4,472,000	2,662,000
Impairment charges	(1,064,000)	0
OPERATING INCOME	$ 13,646,000	$ 10,031,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Summary of Supplemental Consolidated Statements of Cash Flows Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Supplemental disclosure of cash activities:
Cash paid for interest	$ 8,304	$ 7,495
Supplemental disclosure of non-cash activities:
Buildings and improvements included in accounts payable, accrued expenses, and other liabilities	$ 264	$ 136

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Real Estate [Abstract]
Depreciation expense	$ 7,700,000	$ 10,000,000
Impairment charges	$ 1,064,000	$ 0

Real Estate - Summary of Dispos

Real Estate - Summary of Dispositions (Details) - USD ($) $ in Thousands						12 Months Ended
	Dec. 26, 2024	Nov. 27, 2024	Sep. 12, 2024	Jun. 26, 2024	Jul. 11, 2023	Dec. 31, 2024	Dec. 31, 2023
Real Estate Properties [Line Items]
Gain (Loss)						$ 4,472	$ 2,662
Gain on Sale/ Impairment [Extensible Enumeration]						Gain on sales, net	Gain on sales, net
Disposed of by Sale | South Philadelphia retail center
Real Estate Properties [Line Items]
Contract Price	$ 21,000
Gain (Loss)	(3,187)
Net Proceeds	$ 16,736
Disposed of by Sale | Brickyard Plaza land parcel
Real Estate Properties [Line Items]
Contract Price		$ 1,150
Gain (Loss)		363
Net Proceeds		$ 1,050
Disposed of by Sale | Kings Plaza
Real Estate Properties [Line Items]
Contract Price			$ 14,200
Gain (Loss)			(1,703)
Net Proceeds			$ 13,746
Disposed of by Sale | Oakland Commons
Real Estate Properties [Line Items]
Contract Price				$ 6,000
Gain (Loss)				55
Net Proceeds				$ 5,662
Disposed of by Sale | Carll's Corner outparcel building
Real Estate Properties [Line Items]
Contract Price					$ 3,000
Gain (Loss)					(2,662)
Net Proceeds					$ 2,759

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 1,064,000	$ 0
Net book value	172,160,000	201,676,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net book value	2,600,000
Estimate of Fair Value Measurement | Fixed-rate secured term loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	141,100,000	131,400,000
Reported Value Measurement | Fixed-rate secured term loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 143,000,000	$ 140,500,000

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2024 property tenant	Dec. 31, 2023 tenant
Concentration Risk [Line Items]
Number of tenants | tenant	0	0
Number of properties	16
Pennsylvania
Concentration Risk [Line Items]
Number of properties	6
Property Concentration Risk | Revenue Benchmark | Three Properties
Concentration Risk [Line Items]
Percentage of concentration risk (as a percent)	37.50%
Property Concentration Risk | Revenue Benchmark | One Property
Concentration Risk [Line Items]
Percentage of concentration risk (as a percent)		14.60%
Geographic Concentration Risk | Pennsylvania
Concentration Risk [Line Items]
Number of properties	6

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Rents and other receivables, net	$ 1,540	$ 1,894
Straight-line rents, net	4,115	4,463
Receivables	5,655	6,357
Allowance for uncollectible receivables	$ 300	$ 500

Deferred Costs and Other Asse_3

Deferred Costs and Other Assets, net - Summary of Other Assets and Deferred Charges, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Lease origination costs	$ 4,471	$ 5,501
Right-of-use assets	$ 2,024	$ 2,059
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets and deferred charges, net	Total other assets and deferred charges, net
Prepaid expenses	$ 1,872	$ 1,504
Other	125	77
Total other assets and deferred charges, net	$ 8,492	$ 9,141

Deferred Costs and Other Asse_4

Deferred Costs and Other Assets, net - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization expense of deferred charges	$ 1	$ 1
Accumulated amortization of deferred lease origination costs	$ 7.6	$ 10.7

Deferred Costs and Other Asse_5

Deferred Costs and Other Assets, net - Summary of Future Charges of Unamortized Balances of Deferred Lease Origination Costs and Deferred Financing Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2025	$ 748
2026	716
2027	665
2028	556
2029	450
Thereafter	1,336
Lease origination costs	$ 4,471	$ 5,501

Loans Payable, net - Narrative

Loans Payable, net - Narrative (Details)				12 Months Ended
	Feb. 29, 2024 property	Sep. 12, 2023 USD ($)	Oct. 28, 2022 USD ($) property	Dec. 31, 2024 USD ($) property	Dec. 31, 2023 USD ($) property	Dec. 21, 2022 USD ($) property
Line Of Credit Facility [Line Items]
Number of collateral real estate properties | property				13	13
Term loan principal payments				$ 462,000	$ 0
Variable-rate secured revolving credit facility | Revolving Credit Agreement, 6 properties | KeyBank National Association
Line Of Credit Facility [Line Items]
Number of collateral real estate properties | property	6
Basis spread on borrowings variable rate (as a percent)	0.10%
Margin spread (as a percent)	2.75%
Term loan, 10 properties | Fixed-rate secured term loans
Line Of Credit Facility [Line Items]
Number of collateral real estate properties | property			10	10
Debt instrument, face amount			$ 110,000,000
Interest at fixed-rate (as a percent)			5.25%
Debt instrument, amortization term (in years)			30 years
Term loan principal payments				$ 400,000
Patuxent Crossing/Coliseum Marketplace | Fixed-rate secured term loans
Line Of Credit Facility [Line Items]
Number of collateral real estate properties | property						2
Debt instrument, face amount						$ 25,000,000
Interest at fixed-rate (as a percent)						6.35%
Timpany Plaza | Fixed-rate secured term loans
Line Of Credit Facility [Line Items]
Debt instrument, face amount		$ 11,560,000
Interest at fixed-rate (as a percent)		7.27%
Debt instrument, amortization term (in years)		30 years
Debt instrument, interest only payments, term (in years)		12 months
Mortgage proceeds		$ 9,060,000		$ 2,500,000

Loans Payable, net - Summary of

Loans Payable, net - Summary of Debt (Details) $ in Thousands	Dec. 31, 2024 USD ($) property	Dec. 31, 2023 USD ($) property	Dec. 21, 2022 property	Oct. 28, 2022 property
Debt Instrument [Line Items]
Number of collateral real estate properties | property	13	13
Total debt gross	$ 146,098	$ 144,060
Unamortized issuance costs	(3,137)	(3,566)
Long-Term Debt	$ 142,961	$ 140,494
Contractual interest rates weighted-average	5.60%	5.60%
Timpany Plaza | Fixed-rate secured term loans
Debt Instrument [Line Items]
Total debt gross	$ 11,527	$ 9,060
Contractual interest rates weighted-average	7.30%	7.30%
Term loan, 10 properties | Fixed-rate secured term loans
Debt Instrument [Line Items]
Number of collateral real estate properties | property	10			10
Total debt gross	$ 109,571	$ 110,000
Contractual interest rates weighted-average	5.30%	5.30%
Patuxent Crossing/Coliseum Marketplace | Fixed-rate secured term loans
Debt Instrument [Line Items]
Number of collateral real estate properties | property			2
Total debt gross	$ 25,000	$ 25,000
Contractual interest rates weighted-average	6.40%	6.40%

Loans Payable, net - Summary _2

Loans Payable, net - Summary of Principal Payments on Secured Term Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 112
2026	121
2027	258
2028	12,647
2029	1,581
Thereafter	131,379
Total	$ 146,098	$ 144,060

Intangible Lease Asset_Liabil_3

Intangible Lease Asset/Liability - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Intangible Lease Asset Liability [Abstract]
Below market lease intangibles, net	$ 1,265	$ 2,655
Accumulated amortization	$ 15,200

Intangible Lease Asset_Liabil_4

Intangible Lease Asset/Liability - Summary of Unamortized Balance of Intangible Lease Liabilities Net (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Intangible Lease Asset Liability [Abstract]
2025	$ 181
2026	181
2027	181
2028	181
2029	181
Thereafter	360
Unamortized intangible lease liabilities	$ 1,265

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) agreement	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of ground lease agreement entered | agreement	1
Weighted average remaining lease term (in years)	46 years 4 months 24 days
Weighted average discount rate (as a percent)	8.60%
Rent expense | $	$ 0.2	$ 0.2

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Reconciliation of Undiscounted Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 177
2026	177
2027	177
2028	177
2029	177
Thereafter	7,314
Total undiscounted future minimum lease payments	8,199
Future minimum lease payments, discount	(6,175)
Lease liabilities	$ 2,024
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Oct. 24, 2024 USD ($) $ / shares shares	Jan. 28, 2025 USD ($) shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 27, 2024 $ / shares
Class Of Stock [Line Items]
Shares authorized (in shares)			12,500,000
Accrued preferred stock dividends | $			$ 1,100	$ 1,200
Deemed contribution related to preferred stock repurchases | $			$ 7,629	$ 0
Series B Preferred Stock
Class Of Stock [Line Items]
Redemption price per share (in dollars per share) | $ / shares			$ 25
Shares authorized (in shares)			6,050,000	6,050,000
Shares repurchased (in shares)			0
Series C Preferred Stock
Class Of Stock [Line Items]
Redemption price per share (in dollars per share) | $ / shares			$ 25
Shares authorized (in shares)			6,450,000	6,450,000
Shares repurchased (in shares)			102,636	0
Series C Preferred Stock | Cedar Tender Offer, Expired
Class Of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	688,670
Sale of stock, price per share (in dollars per share) | $ / shares	$ 14
Sale of stock, consideration received per transaction, gross | $	$ 9,600
Series C Preferred Stock | Cedar Tender Offer, Expired, Elected Option
Class Of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	45,813
Sale of stock, percentage able to purchase additional shares	0.02
Series C Preferred Stock | December 2024 Tender Offer
Class Of Stock [Line Items]
Sale of stock, price per share (in dollars per share) | $ / shares					$ 15.75
Series C Preferred Stock | December 2024 Tender Offer | Subsequent Event
Class Of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		645,276
Sale of stock, consideration received per transaction, gross | $		$ 10,200

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Preferred Stock (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Class Of Stock [Line Items]
Shares authorized (in shares)	12,500,000
Balance	$ 139,794,000	$ 159,541,000
Series B Preferred Stock
Class Of Stock [Line Items]
Par value (in dollars per share)	$ 0.01
Liquidation value (in dollars per share)	$ 25
Shares authorized (in shares)	6,050,000	6,050,000
Shares issued (in shares)	1,449,609	1,449,609
Shares outstanding (in shares)	1,449,609	1,449,609
Balance	$ 34,767,000	$ 34,767,000
Series C Preferred Stock
Class Of Stock [Line Items]
Par value (in dollars per share)	$ 0.01
Liquidation value (in dollars per share)	$ 25
Shares authorized (in shares)	6,450,000	6,450,000
Shares issued (in shares)	4,208,694	5,000,000
Shares outstanding (in shares)	4,208,694	5,000,000
Balance	$ 105,027,000	$ 124,774,000

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Dividends (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Series B Preferred Stock
Class Of Stock [Line Items]
Preferred stock, dividends paid (in dollars per share)	$ 1.8125	$ 1.8125
Preferred stock, dividends declared (in dollars per share)	1.8125	1.8125
Series C Preferred Stock
Class Of Stock [Line Items]
Preferred stock, dividends paid (in dollars per share)	1.6250	1.6250
Preferred stock, dividends declared (in dollars per share)	$ 1.6250	$ 1.6250

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of Share Repurchase Activity (Details) - Series C Preferred Stock - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Class Of Stock [Line Items]
Total Number of Shares Purchased (in shares)	102,636	0
Weighted Average Price Paid per Share (in dollars per share)	$ 13.54	$ 0
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs	$ 8,609,000	$ 0

Revenues - Summary of Rent Reve

Revenues - Summary of Rent Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag	Base rents	Base rents
Above (below) market lease amortization, net	$ (226)	$ (336)
Credit adjustments on operating lease receivables	(72)	357
Total revenues	34,548	34,632
Base rents
Disaggregation of Revenue [Line Items]
Base Rents and revenue	23,992	23,902
Expense recoveries - variable lease revenue
Disaggregation of Revenue [Line Items]
Base Rents and revenue	8,254	7,705
Percentage rent - variable lease revenue
Disaggregation of Revenue [Line Items]
Base Rents and revenue	460	479
Rental revenues
Disaggregation of Revenue [Line Items]
Straight-line rents	288	1,208
Above (below) market lease amortization, net	226	336
Other	1,400	645
Total rental revenue, gross	34,620	34,275
Total revenues	$ 33,148	$ 33,987

Revenues - Summary of Annual Fu

Revenues - Summary of Annual Future Base Rents Due to be Received Under Non-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Revenues [Abstract]
2025	$ 22,357
2026	22,224
2027	20,256
2028	16,331
2029	13,347
Thereafter	44,968
Future rents due to be received	$ 139,483

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 4,545	$ 2,007
Preferred stock dividends	(10,295)	(10,752)
Deemed contribution related to preferred stock repurchases	7,629	0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	1,879	(8,745)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 1,879	$ (8,745)
Weighted average number of common shares (in shares)	13,718,169	13,718,169
Weighted average number of common shares (in shares)	13,718,169	13,718,169
Net income (loss) per common share attributable to common shareholders (in dollars per share)	$ 0.14	$ (0.64)
Net income (loss) per common share attributable to common shareholders (in dollars per share)	$ 0.14	$ (0.64)

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Related party transaction expenses	$ 24,310	$ 27,263
Related Party | Management fees | WHLR
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)	4%
Related Party | Leasing commissions | WHLR | Minimum
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)	3%
Related Party | Leasing commissions | WHLR | Maximum
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)	6%
Related Party | Property Management and Leasing Services | WHLR
Related Party Transaction [Line Items]
Related party transaction expenses	$ 1,400	$ 2,100

Related Party Transactions - Su

Related Party Transactions - Summary of Related Party Amounts Due (Details) - Related Party - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Amounts of transaction	$ 9,491	$ 8,094
Financings and real estate taxes
Related Party Transaction [Line Items]
Amounts of transaction	7,166	7,166
Management fees
Related Party Transaction [Line Items]
Amounts of transaction	634	225
Leasing commissions
Related Party Transaction [Line Items]
Amounts of transaction	548	161
Cost Sharing Agreement allocations
Related Party Transaction [Line Items]
Amounts of transaction	800	548
Transaction fees
Related Party Transaction [Line Items]
Amounts of transaction	343	0
Other
Related Party Transaction [Line Items]
Amounts of transaction	$ 0	$ (6)

Subsequent Events (Details)

Subsequent Events (Details)		1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 11, 2025 USD ($) ft² property	Mar. 21, 2025 shares	Jan. 28, 2025 USD ($) shares	Mar. 31, 2025 $ / shares	Dec. 31, 2024 USD ($) ft² $ / shares	Dec. 31, 2023 USD ($) $ / shares	Feb. 21, 2025 USD ($) $ / shares	Jan. 30, 2025	Dec. 27, 2024 $ / shares
Area of land | ft²					2,352,528
Debt pay down | $					$ 462,000	$ 0
Term loan, 10 properties | Fixed-rate secured term loans
Debt pay down | $					$ 400,000
Subsequent Event | Term loan, 10 properties | Fixed-rate secured term loans
Debt pay down | $	$ 9,100,000
Number of collateral real estate properties, released | property	10
Subsequent Event | Webster Commons | Disposed of by Sale
Area of land | ft²	98,984
Contract price | $	$ 14,500,000
Net proceeds | $	$ 13,900,000
Subsequent Event | February 2025 Tender Offer | Forecast
Sale of stock, maximum authorized, amount | $							$ 9,500,000
Series B Preferred Stock
Preferred stock, dividends declared (in dollars per share) | $ / shares					$ 1.8125	$ 1.8125
Series B Preferred Stock | Subsequent Event
Preferred stock, dividends declared (in dollars per share) | $ / shares				$ 0.453125
Series B Preferred Stock | Subsequent Event | February 2025 Tender Offer | Forecast
Sale of stock, number of shares issued in transaction (in shares) | shares		535,211
Sale of stock, price per share (in dollars per share) | $ / shares							$ 17.75
Series C Preferred Stock
Preferred stock, dividends declared (in dollars per share) | $ / shares					$ 1.6250	$ 1.6250
Series C Preferred Stock | December 2024 Tender Offer
Sale of stock, price per share (in dollars per share) | $ / shares									$ 15.75
Series C Preferred Stock | Subsequent Event
Preferred stock, dividends declared (in dollars per share) | $ / shares				$ 0.406250
Series C Preferred Stock | Subsequent Event | December 2024 Tender Offer
Sale of stock, number of shares issued in transaction (in shares) | shares			645,276
Sale of stock, consideration received per transaction, gross | $			$ 10,200,000
Sale of stock, percentage of issued and outstanding stock (as a percent)								15.30%
Series C Preferred Stock | Subsequent Event | February 2025 Tender Offer | Forecast
Sale of stock, number of shares issued in transaction (in shares) | shares		584,615
Sale of stock, price per share (in dollars per share) | $ / shares							$ 16.25

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for doubtful accounts: - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ 469	$ 2,565
Charged to costs (recoveries) and expense	72	(357)
Deductions from reserves	(212)	(1,739)
Balance at end of year	$ 329	$ 469

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Summary of Properties (Details) $ in Thousands	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	2,352,528
Initial cost to the Company, Land	$ 60,817
Initial cost to the Company, Building and Improvements	238,475
Subsequent cost capitalized	4,566
Gross amount, Land	56,897
Gross amount, Building and Improvements	246,961
Gross amount, Total	303,858	$ 368,165	$ 364,110
Accumulated depreciation	$ 131,698	$ 166,489	$ 157,468
Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Brickyard Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	227,598
Initial cost to the Company, Land	$ 6,465
Initial cost to the Company, Building and Improvements	29,119
Subsequent cost capitalized	(1,125)
Gross amount, Land	6,465
Gross amount, Building and Improvements	27,994
Gross amount, Total	34,459
Accumulated depreciation	$ 15,527
Brickyard Plaza | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Brickyard Plaza | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Carll's Corner
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	116,532
Initial cost to the Company, Land	$ 3,034
Initial cost to the Company, Building and Improvements	15,293
Subsequent cost capitalized	(13,357)
Gross amount, Land	220
Gross amount, Building and Improvements	4,750
Gross amount, Total	4,970
Accumulated depreciation	$ 3,364
Carll's Corner | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Carll's Corner | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Coliseum Marketplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	106,648
Initial cost to the Company, Land	$ 2,924
Initial cost to the Company, Building and Improvements	14,416
Subsequent cost capitalized	(2,383)
Gross amount, Land	3,586
Gross amount, Building and Improvements	11,371
Gross amount, Total	14,957
Accumulated depreciation	$ 7,168
Coliseum Marketplace | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Coliseum Marketplace | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Fairview Commons
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	50,485
Initial cost to the Company, Land	$ 858
Initial cost to the Company, Building and Improvements	3,568
Subsequent cost capitalized	666
Gross amount, Land	858
Gross amount, Building and Improvements	4,234
Gross amount, Total	5,092
Accumulated depreciation	$ 2,145
Fairview Commons | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Fairview Commons | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Fieldstone Marketplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	193,836
Initial cost to the Company, Land	$ 5,229
Initial cost to the Company, Building and Improvements	21,440
Subsequent cost capitalized	(1,705)
Gross amount, Land	5,167
Gross amount, Building and Improvements	19,797
Gross amount, Total	24,964
Accumulated depreciation	$ 11,203
Fieldstone Marketplace | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Fieldstone Marketplace | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Gold Star Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	71,720
Initial cost to the Company, Land	$ 1,644
Initial cost to the Company, Building and Improvements	6,519
Subsequent cost capitalized	(142)
Gross amount, Land	1,644
Gross amount, Building and Improvements	6,377
Gross amount, Total	8,021
Accumulated depreciation	$ 3,165
Gold Star Plaza | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Gold Star Plaza | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Golden Triangle
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	202,790
Initial cost to the Company, Land	$ 2,320
Initial cost to the Company, Building and Improvements	9,713
Subsequent cost capitalized	12,754
Gross amount, Land	2,320
Gross amount, Building and Improvements	22,467
Gross amount, Total	24,787
Accumulated depreciation	$ 12,784
Golden Triangle | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Golden Triangle | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Hamburg Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	102,058
Initial cost to the Company, Land	$ 1,153
Initial cost to the Company, Building and Improvements	4,678
Subsequent cost capitalized	6,635
Gross amount, Land	1,153
Gross amount, Building and Improvements	11,313
Gross amount, Total	12,466
Accumulated depreciation	$ 5,615
Hamburg Square | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Hamburg Square | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Oregon Avenue
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	0
Initial cost to the Company, Land	$ 2,247
Initial cost to the Company, Building and Improvements	18,616
Subsequent cost capitalized	(18,023)
Gross amount, Land	2,141
Gross amount, Building and Improvements	699
Gross amount, Total	2,840
Accumulated depreciation	$ 202
Oregon Avenue | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Oregon Avenue | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Patuxent Crossing
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	264,068
Initial cost to the Company, Land	$ 14,849
Initial cost to the Company, Building and Improvements	18,445
Subsequent cost capitalized	1,835
Gross amount, Land	13,211
Gross amount, Building and Improvements	21,918
Gross amount, Total	35,129
Accumulated depreciation	$ 12,313
Patuxent Crossing | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Patuxent Crossing | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Pine Grove Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	79,306
Initial cost to the Company, Land	$ 2,010
Initial cost to the Company, Building and Improvements	6,489
Subsequent cost capitalized	1,218
Gross amount, Land	1,622
Gross amount, Building and Improvements	8,095
Gross amount, Total	9,717
Accumulated depreciation	$ 4,154
Pine Grove Plaza | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Pine Grove Plaza | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
South Philadelphia parcels
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	0
Initial cost to the Company, Land	$ 2,128
Initial cost to the Company, Building and Improvements	0
Subsequent cost capitalized	0
Gross amount, Land	2,128
Gross amount, Building and Improvements	0
Gross amount, Total	2,128
Accumulated depreciation	$ 0
Southington Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	155,842
Initial cost to the Company, Land	$ 0
Initial cost to the Company, Building and Improvements	11,834
Subsequent cost capitalized	1,671
Gross amount, Land	0
Gross amount, Building and Improvements	13,505
Gross amount, Total	13,505
Accumulated depreciation	$ 6,968
Southington Center | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Southington Center | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Timpany Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11,527
Gross leasable area | ft²	182,820
Initial cost to the Company, Land	$ 3,412
Initial cost to the Company, Building and Improvements	19,240
Subsequent cost capitalized	(670)
Gross amount, Land	3,368
Gross amount, Building and Improvements	18,614
Gross amount, Total	21,982
Accumulated depreciation	$ 8,663
Timpany Plaza | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Timpany Plaza | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Trexler Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	342,541
Initial cost to the Company, Land	$ 6,932
Initial cost to the Company, Building and Improvements	32,815
Subsequent cost capitalized	12,701
Gross amount, Land	6,932
Gross amount, Building and Improvements	45,516
Gross amount, Total	52,448
Accumulated depreciation	$ 22,400
Trexler Mall | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Trexler Mall | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Washington Center Shoppes
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	157,300
Initial cost to the Company, Land	$ 2,061
Initial cost to the Company, Building and Improvements	7,314
Subsequent cost capitalized	6,857
Gross amount, Land	2,000
Gross amount, Building and Improvements	14,232
Gross amount, Total	16,232
Accumulated depreciation	$ 7,277
Washington Center Shoppes | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Washington Center Shoppes | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Webster Commons
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	98,984
Initial cost to the Company, Land	$ 3,551
Initial cost to the Company, Building and Improvements	18,412
Subsequent cost capitalized	(2,366)
Gross amount, Land	4,082
Gross amount, Building and Improvements	15,515
Gross amount, Total	19,597
Accumulated depreciation	$ 8,503
Webster Commons | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	3 years
Webster Commons | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life (in years)	40 years
Other
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross leasable area | ft²	0
Initial cost to the Company, Land	$ 0
Initial cost to the Company, Building and Improvements	564
Subsequent cost capitalized	0
Gross amount, Land	0
Gross amount, Building and Improvements	564
Gross amount, Total	564
Accumulated depreciation	$ 247

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Summary of Changes in Real Estate and Accumulated Depreciation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) property	Dec. 31, 2023 USD ($) property	Oct. 28, 2022 property
Cost
Real estate balance, beginning of the year	$ 368,165	$ 364,110
Properties transferred to/from held for sale	0	0
Disposals	(74,968)	(2,401)
Property impairments	(1,064)	0
Improvements and betterments	11,725	6,456
Real estate balance, end of the year	303,858	368,165
Accumulated depreciation
Accumulated depreciation balance, beginning of the year	166,489	157,468
Properties transferred to/from held for sale	0	0
Disposals	(42,501)	(945)
Depreciation expense	7,710	9,966
Accumulated depreciation balance end of the year	131,698	166,489
Real estate, net	$ 172,160	$ 201,676
Number of collateral real estate properties | property	13	13
Real estate companies, investment in real estate, federal income tax basis, difference	$ 78,900
Term loan, 10 properties | Fixed-rate secured term loans
Accumulated depreciation
Number of collateral real estate properties | property	10		10
Minimum
Accumulated depreciation
Estimated useful life of buildings and improvements	3 years
Minimum | Buildings and improvements
Accumulated depreciation
Estimated useful life of buildings and improvements	3 years
Maximum
Accumulated depreciation
Estimated useful life of buildings and improvements	40 years
Maximum | Buildings and improvements
Accumulated depreciation
Estimated useful life of buildings and improvements	40 years