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Last $17.71 USD
Change Today -0.10 / -0.56%
Volume 1.6M
DDR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:34 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

ddr corp (DDR) Snapshot

Open
$17.75
Previous Close
$17.81
Day High
$17.87
Day Low
$17.60
52 Week High
02/5/15 - $20.41
52 Week Low
09/25/14 - $16.22
Market Cap
6.4B
Average Volume 10 Days
2.3M
EPS TTM
$0.16
Shares Outstanding
361.0M
EX-Date
03/10/15
P/E TM
108.4x
Dividend
$0.69
Dividend Yield
3.62%
Current Stock Chart for DDR CORP (DDR)

ddr corp (DDR) Related Businessweek News

No Related Businessweek News Found

ddr corp (DDR) Details

DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.

589 Employees
Last Reported Date: 02/26/15

ddr corp (DDR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $525.0K
Senior Executive Vice President of Leasing & ...
Total Annual Compensation: $440.0K
Chief Accounting Officer, Executive Vice Pres...
Total Annual Compensation: $288.4K
Compensation as of Fiscal Year 2014.

ddr corp (DDR) Key Developments

DDR Closes Refinancing of $800 Million Unsecured Revolving Credit Facilities and New $400 Million Unsecured Term Loan

DDR Corp. announced that it has closed the refinancing of its two unsecured revolving credit facilities scheduled to mature in April 2018 and closed on a new $400 million unsecured term loan. The amended $750 million unsecured revolving credit facility, arranged by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, has an initial maturity of June 2019 with a borrower option to extend an additional year, and contains an accordion feature that provides for $1.25 billion of potential total capacity. DDR refinanced its unsecured revolving credit facility provided solely by PNC Bank, National Association, in the amount of $50 million, matching the terms of the $750 million unsecured revolving credit facility. Pricing on both refinanced revolving credit facilities was reduced and is currently set at LIBOR plus 100 bp, a decrease of 15 bp from the previous rate, and is determined based upon DDR's credit ratings. Simultaneously with refinancing its unsecured revolving credit facilities, DDR entered into a new $400 million unsecured term loan arranged by Wells Fargo Securities, LLC and PNC Capital Markets, LLC. The unsecured term loan has an initial maturity of April 2017 with a borrower option to extend for three additional one-year periods. Pricing on the unsecured term loan is currently set at LIBOR plus 110 basis points and is determined based upon DDR's credit ratings.

DDR Corp. Presents at ReitWise 2015, Apr-01-2015 02:45 PM

DDR Corp. Presents at ReitWise 2015, Apr-01-2015 02:45 PM. Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United States. Speakers: Craig A. Schultz, Senior Vice President of Strategic Finance & Tax.

DDR Corp. Declares First Quarter 2015 Dividend on Class J and Class K Preferred Shares, Payable on April 15, 2015

DDR Corp. declared its first quarter 2015 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share. Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning January 15, 2015 and ending April 14, 2015. The declared Preferred Class J Dividend is payable April 15, 2015 to shareholders of record at the close of business on April 1, 2015. Each Class K depositary share is equal to one-twentieth of a share of DDR's 6.25% Class K Cumulative Redeemable Preferred Stock. The declared Preferred Class K dividend covers the period beginning January 15, 2015 and ending April 14, 2015. The declared Preferred Class K Dividend is payable April 15, 2015 to shareholders of record at the close of business on April 1, 2015.

 

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