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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                   ----------

                                   FORM 10-Q/A

(Mark One)
  X  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                    For the quarter ended September 30, 2004

                                       OR

       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
       SECURITIES EXCHANGE ACT OF 1934

         For the transition period from _____________ to _______________


                         Commission File Number: 1-15923


                              KRAMONT REALTY TRUST
                              --------------------
             (Exact name of Registrant as specified in its charter)


                Maryland                           25-6703702
                --------                           ----------
        (State of Incorporation)      (I.R.S. Employer Identification No.)



   580  West Germantown Pike, Plymouth Meeting, PA               19462
   -----------------------------------------------               -----
       (Address of principal executive offices)                (Zip Code)


       Registrant's telephone number, including area code: (610) 825-7100

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes X No _____

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act). Yes X No _____


Number of Common Shares of Beneficial Interest, par value $.01 per share, as of
November 8, 2004: 24,151,896
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This amendment number 1 modifies Part II, Item 6 of the Form 10-Q for the
quarterly period ended September 30, 2004 as filed on November 9, 2004. All
other items in the original Form 10-Q remain unchanged.


                           PART II. OTHER INFORMATION

ITEM 6. Exhibits:


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<CAPTION>
EXHIBIT NO.               DOCUMENT
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<S>               <C>
31.1              Certification by Chief Executive Officer of Kramont Realty
                  Trust pursuant to Exchange Act Rule 13a-14(a), as adopted
                  pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2              Certification by Chief Financial Officer of Kramont Realty
                  Trust pursuant to Exchange Act Rule 13a-14(a), as adopted
                  pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1              Certification by Chief Executive Officer of Kramont Realty
                  Trust pursuant to 18 U.S.C. Section 1350, as adopted pursuant
                  to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2              Certification by Chief Financial Officer of Kramont Realty
                  Trust pursuant to 18 U.S.C. Section 1350, as adopted pursuant
                  to Section 906 of the Sarbanes-Oxley Act of 2002

10.91             Secured Revolving Credit Loan Agreement dated July 19, 2004 by
                  and between KR Livonia LLC, Plymouth Plaza Associates, L.P.,
                  and 550 West Germantown Pike LLC, as borrowers and Wachovia
                  Bank National Association, as lender. (incorporated by
                  reference to Exhibit 10.91 of the Company's Form 10-Q filed
                  November 9, 2004.)

10.92             Fourth Amendment to Loan Agreement dated September 30, 2004 by
                  and between Kramont Operating Partnership, L.P., as borrower
                  and Fleet National Bank, as lender (incorporated by reference
                  to Exhibit 99.2 of the Company's Form 8-K filed October 7,
                  2004)

10.93             $20,000,000 Swingline Note dated September 30, 2004 by and
                  between Kramont Operating Partnership, L.P., as borrower and
                  Fleet National Bank, as lender (incorporated by reference to
                  Exhibit 99.3 of the Company's Form 8-K filed October 7, 2004)

10.94             First Amendment to Employment Agreement between the Company
                  and Louis P. Meshon, Sr. dated July 1, 2004.
</TABLE>


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                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        KRAMONT REALTY TRUST
                                        -------------------------------------
                                                    (Registrant)

November 11, 2004                       /s/ Louis P. Meshon, Sr.
                                        -------------------------------------
                                        Louis P. Meshon Sr., President



November 11, 2004                       /s/ Carl E. Kraus
                                        -------------------------------------
                                        Carl E. Kraus, Chief Financial Officer
                                        and Treasurer


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