CEDAR REALTY TRUST, INC. — Director's Dealing 2007

Apr 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEDAR SHOPPING CENTERS INC (CDR)
CIK: 0000761648
Period of Report: 2007-03-15

Reporting Person: RICHEY THOMAS B (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-15	Common Stock	J	14574	$15.91	Acquired	93274	Direct
2007-04-05	Common Stock	J	4960	$16.45	Acquired	98234	Direct
2007-04-05	Common Stock	J	7440	$9.40	Acquired	105674	Direct

Footnotes

F1: The shares of Common Stock become payable pursuant to the Cedar Shopping Centers 2004 Stock Incentive Plan.