Cedar Shopping Centers Reports Q4 EPS of $0.15 vs. $(0.03)

Cedar Shopping Centers, Inc. CDR today reported its financial results for the fourth quarter and full year ended December 31, 2010. Revenues grew 30.2% to $52.4 million (including all managed properties, but excluding non-cash items and properties held for sale) in the fourth quarter 2010 compared to $40.2 million for the comparable quarter of 2009. Operating funds from operations, excluding non-cash items and transaction expenses, was $0.14 per share/OP unit for the quarter and $0.59 per share/OP unit for the year; adjusted funds from operations, further excluding certain non-cash revenues and expenses, was $0.15 per share/OP unit for the quarter and $0.57 per share/OP unit for the year.