When a company such as CDR conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CDR split history from start to finish, an original position size of 1000 shares would have turned into 151 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CDR shares, starting with a $10,000 purchase of CDR, presented on a split-history-adjusted basis factoring in the complete CDR split history.

About CDR

Cedar Realty Trust is a real estate investment trust that focuses primarily on ownership, operation and redevelopment of grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston. Co. owns and manages a portfolio of operating properties. Cedar Realty Trust Partnership, L.P. (the Operating Partnership) is the entity through which Co. conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. Co. is the sole general partner of, the Operating Partnership. According to our CDR split history records, CDR has had 1 split.

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