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DDR Corp (DDR.N)

DDR.N on New York Stock Exchange

6.75USD
20 Apr 2018
Change (% chg)

$-0.22 (-3.16%)
Prev Close
$6.97
Open
$6.99
Day's High
$7.03
Day's Low
$6.75
Volume
1,013,245
Avg. Vol
1,061,529
52-wk High
$12.86
52-wk Low
$6.75

Latest Key Developments (Source: Significant Developments)

DDR Corp Says Board Unanimously Approved Plan To Spin Off Portfolio Of 50 Assets
Friday, 15 Dec 2017 

Dec 14 (Reuters) - DDR Corp ::DDR CORP - BOARD OF DIRECTORS HAS UNANIMOUSLY APPROVED A PLAN TO SPIN OFF A PORTFOLIO OF 50 ASSETS.DDR CORP - RETAIL VALUE TRUST TO BE SPUN OFF WITH APPROXIMATELY $3 BILLION OF GROSS BOOK VALUE OF ASSETS.DDR - PLANNED SPIN OFF COMPRISES OF 38 CONTINENTAL U.S. ASSETS, PUERTO RICO PORTFOLIO INTO SEPARATE PUBLICLY-TRADED REIT TO BE NAMED RETAIL VALUE TRUST.DDR CORP - RETAIL VALUE TRUST TO BE CAPITALIZED WITH COMMITTED MORTGAGE FINANCING OF $1.35 BILLION EXPECTED TO FUND IN EARLY 2018.DDR CORP - PROCEEDS FROM MORTGAGE FINANCING ARE EXPECTED TO BE USED TO REPAY DEBT AT DDR.DDR CORP - NEW DDR'S DIVIDEND WILL BE ADJUSTED TO REFLECT SMALLER SIZE OF COMPANY.DDR - EXPECT 3 OF CO'S DIRECTORS TO LEAVE CO & JOIN RVT'S BOARD ON DEAL COMPLETION.DDR CORP - TRANSACTION DOES NOT REQUIRE SHAREHOLDER APPROVAL.DDR CORP - RVT'S BOARD EXPECTED TO HAVE MAJORITY OF INDEPENDENT MEMBERS.  Full Article

DDR Q3 loss $0.02 per diluted share​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - DDR Corp ::DDR reports third quarter 2017 operating results.DDR Corp - ‍ q3 net loss attributable to common shareholders was $7.4 million, or $0.02 per diluted share​.DDR Corp qtrly ‍ operating FFO per share $0.30.Q3 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Q3 FFO per share view $0.27 -- Thomson Reuters I/B/E/S.DDR -withdrawing 2017 Puerto Rico same store net operating income guidance on uncertainties around timing of business interruption insurance payments​.DDR - revised expected annual growth in same store net operating income range to down 0.5 pct to up 0.5 pct for continental U.S. portfolio​.  Full Article

DDR Q2 earnings per share $0.10
Wednesday, 27 Jul 2016 

DDR Corp : DDR reports second quarter 2016 operating results . Q2 earnings per share $0.10 . Q2 operating FFO per share $0.33 . Revising its 2016 operating FFO and Nareit defined FFO guidance estimate to a range of $1.23 to $1.26 per diluted share . Full year disposition guidance of between $600 and $800 million at Ddr's pro rata share remains unchanged .Ddr Corp qtrly same store net operating income growth of 3.1% on a pro rata basis.  Full Article

DDR Corp appoints Thomas August CEO
Monday, 11 Jul 2016 

DDR Corp : Thomas August named CEO of DDR . Says Christa Vesy appointed interim CFO .Appointment of August follows termination of David Oakes as president & chief executive officer and as interim chief financial officer.  Full Article

REITs slip anew despite minor exposure to Toys 'R' Us closings

NEW YORK, March 15 Shares of several real estate investment trusts (REITs) that lease to Toys 'R' Us, the iconic toy retailer that plans to shutter or sell its U.S. operations, fell on Thursday as the sector reels from poor retail sales and rising interest rates.