Cedar Shopping Centers to Report FIRST Quarter 2007 Financial Results on May 7, 2007

PORT WASHINGTON, New York, April 19 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR) , today announced that it will release financial results for the three months ended March 31, 2007, after the market closes on Monday, May 7, 2007. The Company will host a conference call on Tuesday, May 8, 2007 at 10:00 AM Eastern time to discuss the financial results.

A live webcast of the conference call will be available online on the Company's Website at http://www.cedarshoppingcenters.com/. The conference call can also be accessed by dialing (888) 802-2275 or (913) 312-1267 for international participants. A replay of the call will be available from 1:00 PM on May 8, 2007 until midnight Eastern time on May 23, 2007. The replay dial-in numbers are (888) 203-1112 or (719) 457-0820 for international callers. Please use passcode 4983205 for the telephonic replay. A replay of the Company's webcast will be available on the Company's Website for a limited time.

About Cedar Shopping Centers, Inc.

Cedar Shopping Centers, Inc. is a self-managed real estate investment trust focused on supermarket-anchored shopping centers and drug store-anchored convenience centers, which has realized significant growth in assets and shareholder value since its public offering in October 2003. The Company presently owns and operates 104 of such primarily supermarket- and drug store- anchored centers with an aggregate of approximately 10.6 million square feet of gross leasable area, located in nine states, predominantly in the Northeast and mid-Atlantic regions. The Company also owns 16 development parcels aggregating approximately 178 acres.