Cedar Realty Trust, Inc. announced today the pricing of its underwritten public offering of 5.0 million shares of its common stock on a forward basis in connection with the forward sale agreement described below, which will result in approximately $39.3 million of gross proceeds (assuming such forward sale agreement is physically settled in full) before any underwriting compensation and offering expenses. The offering is expected to close on or about August 1, 2016, subject to customary closing conditions. The underwriter has been granted a 30-day option to purchase up to an additional 750,000 shares of common stock.

About Cedar Realty Trust

Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership and operation of primarily grocery-anchored shopping centers straddling the Washington D.C. to Boston corridor. The Company's portfolio (excluding properties treated as "held for sale") comprises 62 properties, with approximately 9.6 million square feet of gross leasable area.