Developers Diversified Realty Corporation

News and overview for Developers Diversified Realty Corporation

Developers Diversified Realty Reports FFO Per Diluted Share of $0.44 for the Quarter Ended September 30, 2009 before Non-Operating Gains and Losses [Press Release]
Business Wire | 32 days 7 hours 28 minutes ago
Developers Diversified Realty (NYSE: DDR) today announced operating results for the third quarter ended September 30, 2009.


Developers Diversified Declares Fourth Quarter 2009 Class G Preferred Share Dividend [Press Release]
PRNewswire | 3 days 8 hours 6 minutes ago
Developers Diversified Declares Fourth Quarter 2009 Class G Preferred Share Dividend... CLEVELAND, Nov. 20 /PRNewswire-FirstCall/ -- Developers Diversified Realty Corporation declared its fourth quarter 2009 Preferred Class G stock...


Developers Diversified Realty Corporation Announces Daniel B. Hurwitz to Become President & Chief Executive Officer; Scott A. Wolstein to Serve as Executive Chairman of the Board of Directors, Effective January 1, 2010 [Press Release]
Business Wire | 14 days 16 hours 36 minutes ago
Developers Diversified Realty Corporation (NYSE:DDR) today announced an effective date of January 1, 2010, for its previously announced management succession strategy appointing Daniel B. Hurwitz, 45, President & Chief Executive Officer, succeeding Scott A. Wolstein, 57, who will continue to serve in a leadership role at the Company as Executive Chairman of the Board. Messrs. Hurwitz and Wolstein have worked together as partners for more than 10 years and their close collaboration will lead t...


Developers Diversified Realty Responds to Press Release Announcing Coventry Lawsuit [Press Release]
Business Wire | 19 days 5 hours 48 minutes ago
Developers Diversified Realty Corporation (NYSE: DDR) today announced that it has received a copy of the press release issued today by Coventry Real Estate Advisors. While the Company has not been served with the lawsuit or seen the complaint, in response to the allegations in the press release, the Company stated that it vehemently denies the allegations set forth in the press release, and will vigorously defend itself against such allegations in any legal proceeding. Further, the Company st...


Developers Diversified Realty Corporation s Nampa Gateway Center Welcomes Macy s to Its Tenant Lineup [Press Release]
Business Wire | 39 days 7 hours 23 minutes ago
Developers Diversified Realty Corporation (NYSE:DDR), the owner, manager and developer of a dynamic international portfolio of highly-valued shopping centers, is pleased to announce the opening of Macy’s at Nampa Gateway Center, a 967,326-square-foot, open-air shopping center in Nampa (a suburb of Boise), Idaho.


Fitch Issues Presale on DDR I Depositor LLC Trust 2009, Series 2009-DDR1 [Press Release]
Business Wire | 13 days 8 hours 33 minutes ago
Fitch Ratings has issued a presale report on DDR Depositor LLC Trust 2009 Commercial Mortgage Pass Through Certificates, series 2009-DDR1.





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Company Overview


Company: Developers Diversified Realty Corporation
Industry: Retail REITs
Website: http://www.ddrc.com

Developers Diversified Realty (DDR) is a self-administered real estate investment trust (REIT) that acquires, develops, renovates, leases, and manages retail and office properties. Its portfolio includes about 670 community shopping centers, more than 30 enclosed malls and other retail properties, as well as about a half dozen office and industrial centers and more than 2,000 acres of undeveloped land. Almost half of its shopping centers are owned through joint ventures. Altogether, the firm owns or manages approximately 153 million sq. ft. of leasable space in 45 states, as well as Brazil, Canada, and Puerto Rico.


Key Numbers

Sales in U.S. Dollars (mil.) 931.5 (2008)
One-year % Growth in Sales -1.4 (2008)
Net Income in U.S. Dollars (mil.) -64.7 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 768 (2008)
One-year % Growth in Number of Employees -0.6 (2008)
Fiscal Year-End December