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Cedar Shopping Centers to Report Third Quarter 2008 Financial Results on October 29, 2008

PORT WASHINGTON, N.Y.-(Business Wire)-October 3, 2008 - Cedar Shopping Centers, Inc. (NYSE:CDR) today announced that it will release financial results for the three months ended September 30, 2008, after the market closes on Wednesday, October 29, 2008. The Company will host a conference call on Thursday, October 30, 2008, 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 www.cedarshoppingcenters.com. The conference call can also be accessed by dialing (866) 409-1561 or (913) 312-0396 for international participants. A replay of the call will be available from 1:00 PM Eastern Time on October 30, 2008, until midnight Eastern time on November 13, 2008. The replay dial-in numbers are (888) 203-1112 or (719) 457-0820 for international callers. Please use passcode 2045191 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 fully-integrated real estate investment trust which focuses primarily on ownership, operation, development and redevelopment of supermarket-anchored shopping centers in nine mid-Atlantic and New England states. The Company has realized significant growth in assets and has completed a number of developments and redevelopments of retail properties since its public offering in October 2003. The Company presently owns and operates approximately 12 million square feet of gross leasable area at 119 shopping center properties, of which 75% are anchored by supermarkets and drug stores with average remaining lease terms of more than 10 years. The Company also owns a substantial pipeline of development properties as well as approximately 382 acres in primarily development parcels.

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