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Last $15.11 USD
Change Today -0.185 / -1.21%
Volume 1.5M
DDR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:16 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

ddr corp (DDR) Snapshot

Open
$15.10
Previous Close
$15.29
Day High
$15.32
Day Low
$15.03
52 Week High
02/5/15 - $20.41
52 Week Low
09/1/15 - $15.03
Market Cap
5.5B
Average Volume 10 Days
5.1M
EPS TTM
$0.11
Shares Outstanding
362.1M
EX-Date
06/9/15
P/E TM
133.6x
Dividend
$0.69
Dividend Yield
4.34%
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 Corp. Reports Unconsolidated and Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating FFO Guidance for the Year 2015

DDR Corp. reported unconsolidated and consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported revenues of USD 248.932 million compared to USD 234.161 million a year ago. Net operating income was USD 175.106 million compared to USD 165.086 million a year ago. Net income attributable to common shareholders was USD 13.004 million compared to USD 67.815 million a year ago. Operating FFO was USD 111.396 million or USD 0.31 per diluted share compared to USD 101.263 million or USD 0.28 per diluted share a year ago. For the six months, on consolidated basis, the company reported revenues of USD 499.682 million compared to USD 467.450 million a year ago. Net operating income was USD 349.501 million compared to USD 327.812 million a year ago. Net loss attributable to common shareholders was USD 236.377 million compared to income of USD 44.567 million a year ago. Operating FFO was USD 218.529 million or USD 0.60 per diluted share compared to USD 201.973 million or USD 0.56 per diluted share a year ago. For the quarter, on unconsolidated basis, the company reported net operating income of USD 84.652 million compared to USD 72.946 million a year ago. Revenue was USD 133.066 million compared to USD 112.141 million a year ago. Loss from continuing operations was USD 0.640 million compared to USD 6.131 million a year ago. FFO was USD 50.842 million compared to USD 30.602 million a year ago. For the six months, on unconsolidated basis, the company reported net operating income of USD 171.270 million compared to USD 161.639 million a year ago. Revenue was USD 270.666 million compared to USD 248.641 million a year ago. Loss from continuing operations was USD 12.477 million compared to USD 15.890 million a year ago. FFO was USD 96.190 million compared to USD 61.038 million a year ago. The Company continues to estimate Operating FFO for 2015 between USD 1.20 and USD 1.25 per diluted share.

DDR Eyes Acquisitions

DDR Corp. (NYSE:DDR) is looking for acquisition opportunities. Luke J. Petherbridge, Chief Financial Officer of DDR, commented, "We are pleased to report another strong quarter of transactional activity. We continue to cull the remaining non-prime and selective prime minus assets in our portfolio, redeploying proceeds into assets that we expect to offer much better long-term growth opportunities, and intend to be a net seller in 2015. Further, we are committed to mitigating earnings dilution by actively sourcing attractive acquisition opportunities and by realizing corporate-level efficiencies."

DDR Corp. Declares Second Quarter 2015 Class J and Class K Preferred Share Dividends, Payable July 15, 2015

DDR Corp. declared its second 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 April 15, 2015 and ending July 14, 2015. The declared Preferred Class J Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 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 April 15, 2015 and ending July 14, 2015. The declared Preferred Class K Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 1, 2015.

 

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