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DCF valuation

What is Cedar Realty Trust, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Cedar Realty Trust, Inc.'s reported free cash flow gives -$6.55 per share. The share price was $16.28 on September 25, 2026, 349% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$4.5M
Cash
$5.1M
balance sheet of June 30, 2026
Debt
$140.3M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
13,718,169
Revenue growth per year, last 5 years
-25.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%-$7.76-148%
Base-5.0%-1.0%2.5%9.0%-$6.55-140%
Bull0.0%1.5%3.0%8.0%-$4.30-126%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%-$5.74-$5.51-$5.22-$4.86-$4.39
8.0%-$6.34-$6.18-$6.00-$5.79-$5.52
9.0%-$6.77-$6.67-$6.55-$6.41-$6.24
10.0%-$7.11-$7.03-$6.95-$6.85-$6.74
11.0%-$7.38-$7.32-$7.26-$7.19-$7.11

Where the presets come from

Base: years 1 to 5 grow at Cedar Realty Trust, Inc.'s revenue growth rate over the last 5 fiscal years (-25.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Cedar Realty Trust, Inc. company page