DDR Corp. declares 2Q 2017 Preferred share dividends on Class J, Class K and Class A

BEACHWOOD, Ohio, 2017-Jun-08 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its second quarter 2017 Preferred Class J stock dividend of $0.406250 per depositary share, Preferred Class K stock dividend of $0.39063 per depositary share and Preferred Class A stock dividend of $0.17708 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, 2017, and ending July 14, 2017. The declared Preferred Class J Dividend is payable July 17, 2017, to shareholders of record at the close of business on June 30, 2017.

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, 2017, and ending July 14, 2017. The declared Preferred Class K Dividend is payable July 17, 2017, to shareholders of record at the close of business on June 30, 2017.

Each Class A depositary share is equal to one-twentieth of a share of DDR’s 6.375% Class A Cumulative Redeemable Preferred Stock.  The declared Preferred Class A dividend covers the period beginning June 5, 2017, which is the date of issuance, and ending July 14, 2017. The declared Preferred Class A Dividend is payable July 17, 2017, to shareholders of record at the close of business on June 30, 2017.

ABOUT DDR CORP.

DDR is an owner and manager of 309 value-oriented shopping centers representing 103 million square feet in 35 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company actively manages its assets with a focus on creating long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.

SAFE HARBOR

DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; the success of our deleveraging strategy; and any impact or results from the Company’s portfolio transition or any change in strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2016. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

DDR Corp. declares its first quarter 2017 common stock dividend of $0.19 per share

BEACHWOOD, Ohio, 2017-Feb-14 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its first quarter 2017 common stock dividend of $0.19 per share. The common stock dividend is payable on April 4, 2017 to shareholders of record at the close of business on March 16, 2017.

About DDR Corp.
DDR is an owner and manager of 319 value-oriented shopping centers representing 106 million square feet in 35 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact:

Phone: 216-755-5500
Fax: 216-755-1500

SOURCE: DDR Corp.

DDR Corp. announces the appointment of William T. Ross as COO

BEACHWOOD, Ohio, 2016-Dec-15 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (Dec 14, 2016) announced that it has named William T. Ross as chief operating officer, effective January 3, 2017.

Mr. Ross will oversee Asset Management and Property Management and will focus on improving same-store net operating income and cash flow at the property and portfolio levels. He will work closely with the full leadership team of DDR on all operational initiatives and especially with Vince Corno, executive vice president of leasing and development.  Mr. Ross and Mr. Corno will report directly to President and Chief Executive Officer Tom August.

Mr. Ross is a seasoned veteran of the retail real estate industry with extensive experience as a senior leader at Forest City Realty Trust as executive vice president of asset management since 2006.  In his role at Forest City, he oversaw 85 properties totaling 22 million square feet, and provided strategic oversight on leasing, operations, capital expenditures, and redevelopments across the portfolio.  While in that role, Mr. Ross also led many broad operational improvement and strategic initiatives across the organization.  Prior to his role in Asset Management, Mr. Ross was vice president of strategy and investment management at Forest City where he evaluated investment decisions and put in place core strategic processes for achieving profitable growth.

Prior to his time at Forest City, Mr. Ross was an executive at General Electric Company where he led M&A for one of GE’s major divisions.  He also spent six years as a consultant for McKinsey & Company, worked in venture capital, and ran a small sporting goods manufacturing company.  Mr. Ross earned his bachelor’s degree from Miami University and his MBA from the University of Chicago.

Tom August, chief executive officer of DDR, commented, “We are very pleased to announce the addition of Bill Ross to our executive team.  Bill is a seasoned retail real estate executive who will provide a fresh perspective for how to strategically view our portfolio as well as dive into operations and drive asset-level cash flow growth.  With his experience working with retail leasing, he will be able to work closely with Vince Corno and the leasing and development teams to continue our efforts of driving strong operational performance.  Given Bill and Vince’s significant retail real estate backgrounds, the operational side of the organization is extremely well-prepared to address the rapidly changing retail landscape.”

About DDR Corp.
DDR is an owner and manager of 327 value-oriented shopping centers representing 107 million square feet in 36 states and Puerto Rico. The company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; the success of our capital recycling strategy; and any impact on strategy or results from the transition and leadership. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

DDR Corp. declares fourth quarter 2016 common stock dividend of $0.19 per share

BEACHWOOD, Ohio, 2016-Nov-12 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its fourth quarter 2016 common stock dividend of $0.19 per share, which represents an increase of 10% from the fourth quarter of 2015. The common stock dividend is payable on January 5, 2017, to shareholders of record at the close of business on December 13, 2016.

About DDR Corp.
DDR is an owner and manager of 327 value-oriented shopping centers representing 107 million square feet in 36 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

DDR Corp. to pay $0.19 common stock dividend per share for its third quarter 2016

BEACHWOOD, Ohio, 2016-Sep-09 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its third quarter 2016 common stock dividend of $0.19 per share, which represents an increase of 10% from the third quarter of 2015. The common stock dividend is payable on October 11, 2016 to shareholders of record at the close of business on September 23, 2016.

About DDR Corp.
DDR is an owner and manager of 349 value-oriented shopping centers representing 113 million square feet in 37 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

DDR Corp. to announce financial results for the quarter ended September 30, 2016 on October 26, 2016

BEACHWOOD, Ohio, 2016-Aug-27 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) will issue financial results for the quarter ended September 30, 2016 after the market closes on Wednesday, October 26, 2016. The Company will conduct a conference call and audio webcast on Thursday, October 27, 2016 at 10:00 a.m. ET.

To access the conference, dial 877-249-1119 (domestic), or 412-542-4143 (international) at least ten minutes prior to the scheduled start of the call.

The conference call webcast will be recorded and available for replay through the Investors portion of DDR’s website, http://ir.ddr.com.

About DDR Corp.
DDR is an owner and manager of 349 value-oriented shopping centers representing 113 million square feet in 37 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the Company is available at www.ddr.com.

SOURCE: DDR Corp.

DDR Corp. closed disposition of six assets totaling $58 million during the second quarter of 2016

BEACHWOOD, Ohio, 2016-Jul-02 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that it closed on the disposition of six assets totaling $58 million at 100% ownership during the second quarter of 2016.

During the second quarter, DDR sold three operating assets for $45 million and three land parcels for $13 million, aggregating $58 million at the Company’s share. DDR has an additional 21 operating assets and seven land parcels under contract for sale, representing an expected total price of $505 million at the Company’s share. Year-to-date, DDR has sold $282 million of assets at the Company’s share. No acquisitions closed during the quarter.

David J. Oakes, president and chief executive officer of DDR, commented, “I am pleased to report continued progress toward our full-year disposition guidance of $600 to$800 million, as the vast majority of the assets under contract for sale are expected to close in the third quarter. We also continue to find certain attractive acquisition opportunities in line with our original guidance, however, we remain very selective and focused on redeploying the majority of the net proceeds into further strengthening our balance sheet and lowering debt to EBITDA.”

About DDR Corp.
DDR is an owner and manager of 349 value-oriented shopping centers representing 113 million square feet in 37 states and Puerto Rico. The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements.

There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; the success of our capital recycling strategy; and the finalization of the financial statements for the three months ended June 30, 2016.  For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015.  The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

DDR Corp. to release its Q1 2016 financial results on April 28, 2016

BEACHWOOD, Ohio, 2016-Mar-03 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) will issue financial results for the quarter ended March 31, 2016 after the market closes on Thursday, April 28, 2016. The Company will conduct a conference call and audio webcast on Friday, April 29, 2016 at 10:00 a.m. ET.

To access the conference, dial 877-249-1119 (domestic), or 412-542-4143 (international) at least ten minutes prior to the scheduled start of the call.

The conference call webcast will be recorded and available for replay through the Investors portion of DDR’s website, http://ir.ddr.com/events.cfm.

About DDR Corp.
DDR is an owner and manager of 367 value-oriented shopping centers representing 115 million square feet in 38 states and Puerto Rico. The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchangeunder the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp closed on $564 million of acquisitions and $1.0 billion of dispositions at 100% ownership in 2015

BEACHWOOD, Ohio, 2016-1-5 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that it closed on the acquisition of seven prime shopping centers totaling $404 million and the disposition of 12 assets totaling $275 million at 100% ownership during the fourth quarter of 2015. For the full year 2015, the Company closed on $564 million of acquisitions and $1.0 billion of dispositions at 100% ownership.

Fourth quarter acquisition activity:
During the fourth quarter, DDR acquired seven assets for $166 million at the Company’s share. The Company acquired Millenia Plaza, a 412,000 square foot power center anchored by Dick’s Sporting Goods, BJ’s Wholesale Club, The Home Depot, Total Wine & More, and Ross Dress For Less and located next to the Mall ofMillenia in Orlando, Florida, for $67 million.  The acquisition elevates Orlando to the Company’s 6th largest market by pro rata base rent. DDR and an affiliate of The Blackstone Group L.P. also acquired six assets, totaling $13 million at DDR’s share. The assets are located in Long Island, Philadelphia, Miami, and Orlando.Blackstone owns 95% of the common equity of the joint venture and an affiliate of DDR owns the remaining 5%. DDR’s stake also includes $83 million of preferred equity with an 8.5% annual return.

Fourth quarter disposition activity:
During the fourth quarter, DDR sold nine operating assets and three non-operating assets for an aggregate $211 million at the Company’s share. DDR has an additional 17 operating assets and nine land parcels under contract for sale, representing total expected volume of $247 million at DDR’s share.

Full year acquisition activity:
For the full year 2015, DDR acquired 10 shopping centers and three outparcels for $326 million at DDR’s share. Investments in 2015 acquisitions were entirely funded by proceeds from asset sales, with excess disposition proceeds used to reduce leverage.

Full year disposition activity:
For the full year 2015, DDR sold 66 operating assets and eight non-operating assets for $569 million at DDR’s share.  The 29 wholly-owned and 37 joint venture assets sold averaged 126,000 square feet and 29 of the 66 assets were located outside of the top 50 MSAs.

Luke J. Petherbridge, chief financial officer of DDR, commented, “Our portfolio upgrade was dramatic in 2015 as we improved our asset base by selling over one billion dollars of lower-quality assets into an environment of historically low cap rates. We expect to continue to take advantage of the competitive transactional market and will use sale proceeds to selectively acquire prime assets and to further reduce leverage.”

About DDR Corp.
DDR is an owner and manager of 367 value-oriented shopping centers representing 115 million square feet in 38 states and Puerto Rico. The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2014, as amended. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp. releases Operating FFO guidance for 2016

BEACHWOOD, Ohio, 2016-1-5 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today released guidance for 2016.  The Company will hold a conference call onMonday, January 4, 2016 at 5:00 p.m. ET to discuss guidance and the related assumptions.  To access the call, dial 877-249-1119 (domestic), or 412-542-4143 (international) at least ten minutes prior to the scheduled start of the call. The conference call webcast will be recorded and available for replay through DDR’s website at www.ddr.com/events.

Based on anticipated 2015 results and current market conditions, the Company is providing the following full year Operating and NAREIT FFO / Share guidance for 2016:
FFO / Share (Operating)  $1.19 to $1.25
FFO / Share (NAREIT) $1.19 to $1.25
The Company’s 2016 Operating and NAREIT FFO guidance is based upon the following assumptions:
Dispositions $600 – $800 million at DDR’s pro rata share, weighted to the first half of the year
Acquisitions $200 – $300 million at a cap rate 75 – 100 basis points lower than dispositions
Same Store NOI +2.5% to +3.5%
Leased Rate 0 to +50 basis points greater at year end 2016 from year end 2015
Development and
Redevelopment
$190 million placed into service at a yield of approximately 7.0%, which will primarily be delivered during the second half of the year
Fee Income $30 to $32 million
Interest Income $32 to $36 million
Interest Expense (GAAP)  $210 to $220 million
G&A Expense Approximately 5% of total revenues, including ventures at 100% share
Annual Dividend / Share  $0.76 per share annually, representing 10% annual growth
Capital Raising  No major capital raises contemplated
Debt / EBITDA 6.4x – 6.7x, approximately 0.5x to 0.8x lower than the most recently reported consolidated results

“We are pleased to guide to another year of strong operating results, transactional activity, and increased dividends to our shareholders. The aggressive transactions market encourages us to be a net seller of assets, which weighs on 2016 earnings but should benefit DDR in the future.  We continue to take a long term view of performance and intend to position our portfolio and balance sheet to outperform over the course of all economic cycles,” remarked David J. Oakes, President and Chief Executive Officer.

About DDR Corp.
DDR is an owner and manager of 367 value-oriented shopping centers representing 115 million square feet in 38 states and Puerto Rico. The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Non-GAAP Disclosures
FFO is a supplemental non-GAAP financial measurement used as a standard in the real estate industry and a widely accepted measure of real estate investment trust (“REIT”) performance.  Management believes that FFO and Operating FFO provide additional indicators of the financial performance of a REIT.  The Company also believes that FFO and Operating FFO more appropriately measure the core operations of the Company and provide benchmarks to its peer group.  Neither FFO nor Operating FFO represents cash generated from operating activities in accordance with generally accepted accounting principles (“GAAP”), is necessarily indicative of cash available to fund cash needs and should not be considered as an alternative to net income computed in accordance with GAAP as an indicator of the Company’s operating performance or as an alternative to cash flow as a measure of liquidity.

FFO is defined and calculated by the Company as net income, adjusted to exclude:  (i) preferred share dividends, (ii) gains and losses from disposition of depreciable real estate property, which are presented net of taxes, (iii) impairment charges on depreciable real estate property and related investments and (iv) certain non-cash items.  These non-cash items principally include real property depreciation and amortization of intangibles, equity income from joint ventures and equity income from non-controlling interests and adding the Company’s proportionate share of FFO from its unconsolidated joint ventures and non-controlling interests, determined on a consistent basis.  The Company calculates Operating FFO by excluding certain non-operating charges and gains.  The Company computes FFO in accordance with the NAREIT definition.  Other real estate companies may calculate FFO and Operating FFO in a different manner.  Operating FFO is useful to investors as the Company removes certain charges and gains to analyze the results of its operations and assess performance of the core operating real estate portfolio.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2014, as amended. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp. declared its first quarter 2016 common stock dividend of $0.19 per share; a 10% increase from first quarter of 2015

BEACHWOOD, Ohio, 2016-1-5 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its first quarter 2016 common stock dividend of $0.19 per share, which represents an increase of 10% from the first quarter of 2015. The common stock dividend is payable on April 5, 2016 to shareholders of record at the close of business on March 10, 2016. Based on the December 31, 2015 closing price, the new dividend represents a yield of 4.5% on an annualized basis.

“We are pleased to announce the sixth consecutive year of a 10% or greater annual increase in our common dividend. Our conservative payout ratio allows us to continue to grow our distribution and still reinvest a considerable amount of free cash flow into our portfolio and reduce leverage,” said Luke J. Petherbridge, chief financial officer of DDR.

About DDR Corp.
DDR is an owner and manager of 367 value-oriented shopping centers representing 115 million square feet in 38 states and Puerto Rico. The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2014, as amended. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp. to issue financial results for the quarter ended December 31, 2015 on February 11, 2016

BEACHWOOD, Ohio, 2015-12-1 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) will issue financial results for the quarter ended December 31, 2015 after the market closes on Thursday, February 11, 2016. The Company will conduct a conference call and audio webcast on Friday, February 12, 2016 at 10:00 a.m. ET.

To access the conference, dial 877-249-1119 (domestic), or 412-542-4143 (international) at least ten minutes prior to the scheduled start of the call.

The conference call webcast will be recorded and available for replay through the Investors portion of DDR’s website, http://ir.ddr.com/events.cfm.

About DDR Corp.
DDR is an owner and manager of 378 value-oriented shopping centers representing 116 million square feet in 41 states and Puerto Rico.  The Company’s portfolio is comprised primarily of large-format power centers located in top markets across the United States, and is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the Company is available at www.ddr.com

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp. determines final conversion price for its 1.75% Convertible Notes due 2040

BEACHWOOD, Ohio, 2015-11-18 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that it has determined the final conversion price for its 1.75% Convertible Notes due 2040 (the “notes”). As previously announced, the notes became convertible on October 6, 2015 when DDR issued its notice of redemption with respect to the notes (as described below).  The notes became convertible at a conversion price consisting of cash up to the aggregate principal amount of the notes converted (the “Base Conversion Price”), and common shares (or cash in lieu of fractional shares) in respect of the remainder, if any, of DDR’s conversion obligation in excess of the aggregate principal amount of the notes being converted (the “Premium,” and, together with the Base Conversion Price, the “Conversion Price”). The Premium was to be calculated by reference to the current applicable conversion rate (69.2170 common shares per $1,000 principal amount of the notes (the “Conversion Rate”)) and the daily volume-weighted average price per share of DDR’s common shares for each trading day during the period fromOctober 7, 2015 through the close of the market on November 17, 2015.

The final Conversion Price per $1,000 principal amount of the notes consists of the Base Conversion Price and a Premium of 9.0311 common shares.  Holders of the notes have until 5:00 p.m., New York City time, on November 18, 2015, to elect to convert their notes. DDR expects to pay the Conversion Price to holders that convert their notes on or about November 19, 2015.

As previously announced, DDR will redeem, on November 20, 2015, any and all notes that remain outstanding and that are not converted as described above. The redemption price will be $1,000 in cash per $1,000 principal amount of the notes to be redeemed plus unpaid interest accrued thereon to, but excluding, such date.

DDR has filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) and has made available to holders of the notes, through the Depository Trust Company, documents specifying the terms, conditions and procedures for converting their notes. Holders of the notes are encouraged to read these documents carefully before deciding to convert their notes because these documents contain important information regarding these transactions. Holders of the notes and other interested parties may obtain a free copy of these statements and other relevant documents at the SEC’s website,http://www.sec.gov, or from DDR’s website at  www.ddr.com, or from DDR Corp. at 3300 Enterprise Parkway, Beachwood, Ohio 44122, Attn: Matt Lougee, Senior Vice President of Finance, telephone (216) 755-5500, or from the Trustee, Paying Agent and Conversion Agent for the Offer at U.S. Bank National Association, Attn: Corporate Actions, 111 Fillmore Avenue, St. Paul, Minnesota 55107-1402.

About DDR Corp.
DDR is an owner and manager of 378 value-oriented shopping centers representing 116 million square feet in 41 states and Puerto Rico.  The Company’s portfolio is comprised primarily of large-format power centers located in top markets across the United States, and is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the Company is available at www.ddr.com.

SOURCE DDR Corp.

News Provided by Acquire Media

DDR Corp announced pricing of $400m 4.250% senior unsecured notes due 2026

BEACHWOOD, Ohio, 2015-10-16 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced the pricing of $400 million of senior unsecured notes in an underwritten public offering.  The offering consists of $400 million of 4.250% notes due 2026.  The notes are being offered to investors at a price of 99.094% with a yield to maturity of 4.361%.  Interest on the notes will be paid semi-annually on February 1 and August 1, beginning February 1, 2016.  The offering is expected to close on or about October 21, 2015, subject to customary closing conditions.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, UBS Securities LLC, RBC Capital Markets, LLC and Scotia Capital (USA) Inc. are serving as joint book-running managers for the offering. BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., KeyBanc Capital Markets Inc., Regions Securities LLC and U.S. Bancorp Investments, Inc. are serving as senior co-managers, and The Huntington Investment Company, FTN Financial Securities Corp. and SMBC Nikko Securities America, Inc. are serving as co-managers, for the offering.

DDR may use all or a portion of the net proceeds it receives from the offering of the notes to repay debt under its $750 million unsecured revolving credit facility and for general corporate purposes, which may include the repayment of secured and unsecured debt from time to time. DDR may use all or a portion of the net proceeds it receives from the offering of the notes, together with cash on hand, to satisfy the cash obligations in connection with the repurchase, redemption or conversion of its $350 million aggregate principal amount of 1.75% convertible senior notes due 2040.

A copy of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, from:

Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone:  (800) 831-9146, or by e-mailing BATProspectusdept@citi.com;  J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk – 3rd floor, telephone: (212) 834-4533 (collect); and UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, telephone: (888) 827-7275.

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.  A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective.

About DDR Corp.
DDR is an owner and manager of 378 value-oriented shopping centers representing 116 million square feet in 41 states and Puerto Rico. The Company’s portfolio is comprised primarily of large-format power centers located in top markets across the United States, and is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2014, as amended. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

News Provided by Acquire Media

DDR Corp. anounced Q3 2015 common stock dividend of $0.1725 per share; 11% up vs Q3 2014

BEACHWOOD, Ohio, 2015-9-11 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its third quarter 2015 common stock dividend of $0.1725 per share, which represents an increase of 11 percent from the third quarter of 2014. The common stock dividend is payable on October 9, 2015 to shareholders of record at the close of business on September 22, 2015.

“We are pleased to announce another dividend that is 11 percent above last year and represents a conservative payout ratio, allowing us to reinvest in our business while offering an attractive dividend yield of approximately 4.7 percent,” said Luke J. Petherbridge, chief financial officer of DDR.

About DDR Corp.
DDR is an owner and manager of 401 value-oriented shopping centers representing 119 million square feet in 41 states and Puerto Rico. The Company’s portfolio is comprised primarily of large-format power centers located in top markets across the United States, and is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2014, as amended. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: DDR Corp.

News Provided by Acquire Media