DDR provides further update on the impact of Hurricane Maria in Puerto Rico

CLEVELAND, 2017-Oct-05 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) provided a further update today (Oct 04, 2017) on its process of providing assistance and support to its personnel in Puerto Rico as well as assessing damage from Hurricane Maria to its assets in Puerto Rico.

“We have now been in contact with all of our team members in Puerto Rico and remain focused on delivering aid to them,” commented David Lukes, President and Chief Executive Officer of DDR.  “All 12 of our properties are now in a clean and safe condition and we are in the process of making temporary repairs and helping tenants reopen wherever possible. I am incredibly proud of DDR’s Puerto Rico team, who have demonstrated courage and resilience in this challenging time, as well as the numerous employees throughout the firm who have worked with remarkable speed and resourcefulness.”

Most anchor spaces at the company’s 12 Puerto Rico centers are currently open, including 7 of 8 Walmarts, and all Home Depots (2), Sam’s Club (1), and Pueblo and Econo grocery stores (3).  A significant number of additional anchor openings are expected to take place in the coming days. Most of the company’s Puerto Rico outparcel tenants are also currently open and operating. Openings of small-shops at the company’s open air assets will generally depend on restoration of utility power, the timing of which is currently uncertain. In addition, there are selective tenant spaces that have been rendered currently untenantable.

Plaza Del Sol, the company’s largest asset by Net Operating Income in Puerto Rico, is now receiving power from both generator and utility sources, which is facilitating the reopening of small-shops.  Rio Hondo, the company’s second largest asset in Puerto Rico, is expected to begin receiving utility power within the next week, enabling small shop openings. The company expects to have additional generators installed at Plaza del Norte, its third largest mall asset in the next several weeks. The company has completed cleanup work at Palma Real and continues to assess necessary repairs. A determination of expected tenant opening dates will be made as further analysis of the repair of this property is completed.

DDR maintains insurance on its assets in Puerto Rico with policy limits of over $350 million for property damage, along with coverage for business interruption. The company’s insurance policies remain subject to various terms and condition including a deductible of approximately $6 million.

ABOUT DDR
DDR is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 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, property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from extreme weather conditions in locations where we own properties; sufficiency and timing of any insurance recovery payments related to damages from extreme weather conditions; 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 provides assistance and support to its personnel in Puerto Rico affected by Hurricane Maria

CLEVELAND, OH, 2017-Sep-27 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) announced today that it continues the process of providing assistance and support to its personnel in Puerto Rico as well as assessing damage to its 12 assets from Hurricane Maria.

“Our thoughts and prayers go out to the people of Puerto Rico during this challenging time. DDR is currently focused on accounting for, and providing resources to, our Puerto Rico-based team and their families. The loss of power and phone service throughout the island have made this process challenging,” commented David Lukes, President and Chief Executive Officer of DDR.  “While the safety of our people remains our priority, we also are attempting to visit and assess the condition of our assets, but damage to roads and infrastructure, as well as ongoing storm conditions, have hampered this process.  We anticipate that a complete property assessment and overall financial impact could  take a number of weeks to complete.”

DDR maintains property, casualty, flood and business interruption insurance at its properties in Puerto Rico.

ABOUT DDR
DDR is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 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, property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from extreme weather conditions in locations where we own properties; 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 declares third quarter 2017 common stock dividend of $0.19 per share

BEACHWOOD, Ohio, 2017-Sep-19 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its third quarter 2017 common stock dividend of $0.19 per share. The common stock dividend is payable on October 10, 2017 to shareholders of record at the close of business on September 26, 2017.

ABOUT DDR Corp.

DDR is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 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. 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 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 refinances two revolving credit facilities, increasing borrowing capacity to $1.0 billion

BEACHWOOD, Ohio, 2017-Sep-19 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) announced today (Sept. 13, 2017) that it has refinanced its two revolving credit facilities, increasing borrowing capacity to $1.0 billion and extending their maturities. The company also extended the maturity on $200 million of its $400 million unsecured term loan.

“The refinancing of our lines of credit and term loan mark the successful completion of the maturity extension and liquidity improvement portion of our balance sheet restructuring. As a result of this transaction and $975 million of recent unsecured debt and perpetual preferred transactions, DDR’s weighted average debt maturity is now among the longest in the shopping center REIT sector, and our upsized credit facility can absorb approximately four years of existing debt maturities.  Our focus is now on completion of the deleveraging process, which we expect to conclude by mid-2018,” commented David Lukes, Chief Executive Officer.  “We very much appreciate the support of our lender group during this balance sheet restructuring process.”

The amended $950 million unsecured revolving credit facility, up from $750 million, has an initial maturity of September 1, 2021 with two six-month extension options, and contains an accordion feature that provides for up to $1.45 billion of potential total capacity. DDR also refinanced its $50 million unsecured revolving credit facility provided solely by PNC Bank, National Association, matching the borrower financial covenants of the $950 million unsecured revolving credit facility.  Based on DDR’s current credit rating, pricing on the refinanced revolving credit facilities remains the same as the prior facilities.

DDR also recast $200 million of its existing $400 million unsecured term loan. The new recast portion of the unsecured term loan has a maturity of January 31, 2023 and the remaining portion of the unsecured term loan has a maturity date of January 20, 2018 with two one-year extension options. The company anticipates repaying the earlier maturing portion of the term loan as part of its previously announced deleveraging plan. Pricing of the unsecured term loan remains unchanged at LIBOR plus 110 basis points, based on DDR’s current credit rating.

JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC served as Joint Bookrunners, JPMorgan Chase Bank, N.A. served as Administrative Agent, and JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S.Bank National Association served as Joint Lead Arrangers on the amended $950 million revolving credit facility.

Wells Fargo Securities, LLC and PNC Capital Markets LLC served as Joint Bookrunners, Wells Fargo Bank, N.A. served as Administrative Agent, and Wells Fargo Securities, LLC, PNC Capital Markets LLC, and KeyBanc Capital Markets Inc. served as Joint Lead Arrangers on the amended $400 million unsecured term loan.

ABOUT DDR
DDR is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 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 announces the pricing of $350 million of 3.900% senior unsecured notes due 2024

BEACHWOOD, Ohio, 2017-Aug-08 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (Aug 07, 2017) announced the pricing of $350 million of senior unsecured notes in an underwritten public offering.  The offering consists of $350 million of 3.900% notes due 2024.  The notes are being offered to investors at a price of 99.703% with a yield to maturity of 3.949%.  Interest on the notes will be paid semi-annually on February 15 and August 15, beginning February 15, 2018.  The offering is expected to close on or about August 16, 2017, subject to the satisfaction of customary closing conditions.

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

DDR intends to use the net proceeds from the offering of the notes to redeem all $300 million aggregate principal amount (plus the make-whole amount) of its 7.875% Notes due 2020 and to use any additional net proceeds for general corporate purposes.

The notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”).  The offering will be made solely by means of a prospectus supplement and accompanying prospectus filed with the SEC.  You may obtain these documents without charge from the SEC at www.sec.gov.  Alternatively, you may request copies of these documents by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free: 1-800-831-9146, or by emailing prospectus@citi.com; Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, attention of Prospectus Department, or by calling toll-free: 1-866-471-2526, or by facsimile: 212-902-9316, or by emailing prospectus-ny@ny.email.gs.com; or U.S. Bancorp Investments, Inc., 214 North Tryon Street, 26th Floor, Charlotte, North Carolina, 28202, attention of High Grade Syndicate Desk, or by calling toll-free: 1-877-558-2607.

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.

ABOUT DDR CORP.

DDR is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 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 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 to release its 2Q 2017 financial and operational results on July 26, 2017

BEACHWOOD, Ohio, 2017-Jun-27 — /EPR Retail News/ — DDR Corp. (NYSE:DDR) announced today (Jun 26, 2017) that financial and operational results for the quarter ending June 30, 2017, will be released before the market opens on July 26, 2017.  The Company will host its quarterly earnings conference call and audio webcast on July 26 at 8:30 a.m. Eastern Time.

All interested parties can access the earnings call by dialing (877) 249-1119 (U.S.), (855) 669-9657 (Canada) or (412) 542-4143 (international), and ask to be joined into the DDR Corp. call. The call will also be webcast and available in a listen-only mode on DDR’s web site at www.ir.ddr.com.

If you are unable to participate during the live call, a replay will be available on DDR’s website for future review. You may also access the telephone replay by dialing (877) 344-7529 (U.S.), (855) 669-9658 (Canada) or (412) 317-0088 (international) using pass code 10107875 through October 26, 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. To be included in the company’s e-mail distributions for press releases and other company notices, please click here.

SOURCE: DDR Corp.

DDR and Madison International Realty announce recapitalization of DDR Domestic Retail Fund I, totaling $1.05 billion

BEACHWOOD, Ohio, 2017-Jun-15 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) and an affiliate of Madison International Realty today (June 14, 2017) announced the recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I, totaling $1.05 billion.

Madison International Real Estate Liquidity Fund VI, an investment fund managed by Madison International Realty, acquired 80% of the common equity of the joint venture and an affiliate of DDR retained 20%. This ownership structure is consistent with the structure of the joint venture prior to the recapitalization and will be a long-term strategic partnership.  DDR will continue to provide leasing and management services.

The portfolio, totaling 7.0 million square feet, consists primarily of grocery anchored shopping centers located predominantly in Florida and the Southeastern United States and was originally formed in 2007.  Three properties previously held by the partnership have been excluded from the recapitalization and are being held in a separate joint venture with the previous partners of DDR Domestic Retail Fund I including DDR. The recapitalization includes the repayment of all outstanding mortgage debt previously held by the partnership with a new $707 million mortgage loan ($141 million at DDR share) secured by the 52 assets.

David Lukes, President and Chief Executive Officer of DDR, commented, “We are pleased to announce the closing of this transaction with Madison International.  The recapitalized venture will continue to drive our return on invested equity, demonstrates the sustainability of our joint venture business, and provides us the ability to add value to a property type with which this management team has extensive experience.”

“We are very pleased to be partnering with DDR. This venture is an exceptional opportunity and an excellent fit with our investment strategy.  Madison’s investment will allow existing partners to exit, Madison to expand its retail footprint, and DDR to continue its value creation strategy.  The portfolio consists of destination grocery-anchored centers located in Southeastern markets with growing populations and favorable demographics,” said Ronald M. Dickerman, Founder and President of Madison International Realty.

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.

About Madison International Realty
Madison International Realty (www.madisonint.com) is a leading liquidity provider to real estate investors worldwide. Madison provides joint venture and preferred equity capital for real estate owners and investors seeking to create an exit strategy; or where existing sponsors seek to sell a portion of their ownership position and take on a partner. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests only in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Western Europe. Madison has offices in New York, London and Frankfurt, Germany, where the firm operates under the name of Madison Real Estate Beteiligungsgesellschaft mbH.

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.

Contact:

Phone: 216-755-5500
Fax: 216-755-1500

SOURCE: DDR Corp.

DDR prices $450 million of senior unsecured notes in an underwritten public offering

BEACHWOOD, Ohio, 2017-May-24 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (May 23, 2017) announced the pricing of $450 million of senior unsecured notes in an underwritten public offering.  The offering consists of $450 million of 4.700% notes due 2027.  The notes are being offered to investors at a price of 99.817% with a yield to maturity of 4.723%.  Interest on the notes will be paid semi-annually on June 1 and December 1, beginning December 1, 2017.  The offering is expected to close on or about May 26, 2017, subject to the satisfaction of customary closing conditions.

Jefferies LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering. BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. are serving as senior co-managers, and FTN Financial Securities Corp., The Huntington Investment Company, SMBC Nikko Securities America, Inc. and The Williams Capital Group, L.P. are serving as co-managers, for the offering.

DDR intends to use the net proceeds 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.

The notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”).  The offering will be made solely by means of a prospectus supplement and accompanying prospectus filed with the SEC.  You may obtain these documents without charge from the SEC at www.sec.gov.  Alternatively, you may request copies of these documents by contacting Jefferies LLC, 520 Madison Avenue, New York, New York 10022, Attention:  Investment Grade Syndicate Desk, or by calling 1-877-877-0696; 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); or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service; by calling toll-free: 1-800-645-3751 or by emailing: wfscustomerservice@wellsfargo.com.

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.

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 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 streamlines its organizational structure

BEACHWOOD, Ohio, 2017-Apr-05 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (April 3, 2017) announced the streamlining of its organizational structure in an effort to gain efficiencies, provide appropriate staffing for the Company’s current and future operations, facilitate decision-making and lower operating costs. The changes are aimed at further centralizing key operational decision-making and will result in the elimination of 65 existing positions including nine officer level roles. The changes are expected to generate a stabilized annual reduction to recurring General and Administrative expenses of approximately $6 million, excluding a one-time charge to earnings of approximately $7.2 million associated with the transition, of which approximately $2 million will be recognized in the first quarter of 2017 and the balance in the second quarter of 2017.  The Company expects that the vast majority of its employees will remain based in the Beachwood, Ohio headquarters location.

In connection with the announced reorganization, DDR also has appointed Conor Fennerty to the role of Senior Vice President, Capital Markets reporting to Matthew Ostrower, Chief Financial Officer. Mr. Fennerty will have responsibility for capital raising activities and management of the Company’s planning and analysis functions.  Mr. Fennerty most recently served as Vice President, Senior Analyst at BlackRock, Inc., a $5.1 trillion global funds manager.

“The organizational changes we announced today reflect our commitment to optimizing our operating structure based on the Company’s current and future portfolio needs and improving our leverage profile.  We are grateful for the leadership and execution provided by all our current and former employees during the past several years and believe our streamlined organization and structure will facilitate a more agile and efficient operating platform for the future,” said David Lukes, CEO.

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 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. 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 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.

Contact:

Phone: 216-755-5500
Fax: 216-755-1500

SOURCE: DDR Corp.

DDR to release its 4Q 2016 financial results on Monday, February 13, 2017

BEACHWOOD, Ohio, 2016-Dec-01 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) will issue financial results for the quarter ending December 31, 2016, after the market closes on Monday, February 13, 2017. The Company will conduct a conference call and audio webcast on Tuesday, February 14, 2017, at 11 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 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.

SOURCE: DDR Corp.

DDR 3Q2016 Class J and Class K Preferred Share Dividends

BEACHWOOD, Ohio, 2016-Sep-09 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its third quarter 2016 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 July 15, 2016 and ending October 13, 2016. The declared Preferred Class J Dividend is payable October 14, 2016 to shareholders of record at the close of business on September 30, 2016.

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 July 15, 2016 and ending October 13, 2016. The declared Preferred Class K Dividend is payable October 14, 2016 to shareholders of record at the close of business on September 30, 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.

SOURCE: DDR Corp.

DDR Board member Thomas F. August named President & Chief Executive Officer

BEACHWOOD, Ohio, 2016-Jul-12 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) announced today that DDR Board member Thomas F. August was named President & Chief Executive Officer, effective immediately. The appointment of Mr. August follows the termination of David J. Oakes as President & Chief Executive Officer and as interim Chief Financial Officer. Mr. Oakes’ termination was not related to the Company’s financial or operating results or to any disagreements or concerns regarding the Company’s financial or reporting practices.

Mr. August is currently Chairman of the Board of DCT Industrial Trust Inc. (NYSE: DCT), an industrial real estate investment trust (REIT), and is a 40-year veteran of the real estate industry with extensive experience leading all facets of finance, investment and operational activities.

Mr. August previously served as President and Chief Executive Officer of Equity Office Property Trust (EOP) from July 2010 until the end of 2015 and served as its Chairman from October 2009 to July 2010. EOP is a REIT controlled by The Blackstone Group and is one of the largest owners and managers of office properties in the United States.Mr. August also previously served as President, Chief Executive Officer, and a Trustee of Prentiss Properties Trust, an office REIT, from 1996 until its acquisition in 2006. In addition, he held other executive roles, including Chief Financial Officer, at Prentiss beginning in 1987.

“I am very pleased to have Tom join DDR as our CEO,” said Terrance R. Ahern, Chairman of the Board of Directors of DDR. “Tom has twice successfully led large real estate platforms – one in the public market and one in the private market. Both platforms were best-in-class and rewarding to the companies’ shareholders. We’re excited to have him lead DDR.”

In addition, the Company announced two other changes to its executive management team:

  • Vincent A. Corno, a 24-year veteran of the real estate industry, will join the Company as Executive Vice President of Leasing and Development, effective today, reporting to Mr. August. Mr. Corno will work closely with Paul Freddo, Senior Executive Vice President, in connection with the transition of Mr. Freddo’s responsibilities, which the Company anticipates will extend beyond the end of 2016.
  • Christa A. Vesy, currently serving as DDR’s Executive Vice President & Chief Accounting Officer, has been named Interim Chief Financial Officer, effective immediately.Ms. Vesy will report to Mr. August.

Mr. Corno most recently served as Senior Vice President – Real Estate for DICK’S Sporting Goods, Inc. (NYSE: DKS) and previously as Senior Vice President of Real Estate with Saks Incorporated and as Senior Vice President with The May Department Stores Company. He also held the position of Vice President of Development with Forest City Enterprises. Mr. Corno, who earned his undergraduate and juris doctor degrees at St. Louis University, is also a licensed attorney and a certified public accountant.

Ms. Vesy became Executive Vice President & Chief Accounting Officer of DDR in 2012, with responsibility for overseeing the property and corporate accounting and financial reporting functions. Before joining the Company as Senior Vice President & Chief Accounting Officer in 2006, she worked for The Lubrizol Corporation and the Assurance and Business Advisory Services group of PricewaterhouseCoopers LLP. Ms. Vesy graduated with a Bachelor of Science degree in business administration from Miami Universityin Oxford, Ohio and is a certified public accountant.

Mr. August commented, “We are pleased to welcome Vince and Christa to their new roles. We are excited to have Vince join DDR with his varied experience and perspective as a real estate executive for several first-class retailers. Christa’s deep knowledge of the Company’s accounting and financial operations make her a perfect fit to serve as interim CFO.”

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.

Media Contact:
Matt Schuler
Senior Director of Communications
216-755-5842
mschuler@ddr.com

Investor Contact:
Matt Lougee
Senior Vice President of Finance
216-755-5500
mlougee@ddr.com

SOURCE: DDR Corp.

DDR’s CFO and Treasurer Luke J. Petherbridge to step down from his role effective May 6, 2016

BEACHWOOD, Ohio, 2016-May-02 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that Chief Financial Officer and Treasurer Luke J. Petherbridge will step down from his role effective May 6, 2016, in order to assume the position of president and chief executive officer of Excel Trust, a retail REIT owned by a fund affiliated with Blackstone Real Estate.

“I want to thank Luke for his eight years of service to DDR, initially running our joint venture with MDT and more recently leading DDR’s capital markets and transactional efforts. He will certainly be missed, but I am confident that the significant progress that he has helped us make with our deep finance team and our dramatically improved balance sheet and portfolio will ensure a seamless transition and will enable DDR to continue to execute on our strategic plan and create value for shareholders,” commented David J. Oakes, president and chief executive officer.

The Company has commenced a search process for Mr. Petherbridge’s replacement, which is expected to include internal and external candidates. David J. Oakeswill also serve as chief financial officer and treasurer on an interim basis until a successor is appointed following Mr. Petherbridge’s resignation, effective May 6, 2016.

About DDR Corp.
DDR is an owner and manager of 352 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; 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.

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DDR CEO David J. Oakes to present at the Citi 2016 Global Property CEO Conference

BEACHWOOD, Ohio, 2016-Mar-07 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that David J. Oakes, president and chief executive officer, will present at the Citi 2016 Global Property CEO Conference. The Company’s presentation is scheduled for 11:30 a.m. ET on Monday, March 14, 2016, and may be accessed via the following webcast link: https://www.veracast.com/webcasts/citigroup/globalproperty2016/32107402322.cfm.

The webcast will be available for replay through DDR’s website at www.ddr.com/events.

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.

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DDR Declares Fourth Quarter 2015 dividend

BEACHWOOD, Ohio,  2015-12-10 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its fourth 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 October 15, 2015 and ending January 14, 2016. The declared Preferred Class J Dividend is payable January 15, 2016 to shareholders of record at the close of business on December 31, 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 October 15, 2015 and ending January 14, 2016. The declared Preferred Class K Dividend is payable January 15, 2016 to shareholders of record at the close of business on December 31, 2015.

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 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.

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DDR sold 19 operating assets and two land parcels during 3Q 2015

BEACHWOOD, Ohio, 2015-10-3 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that it closed on the disposition of 21 assets totaling $302 million at 100% ownership, $145 million at DDR’s share, during the third quarter of 2015.

During the third quarter, DDR sold 19 operating assets and two land parcels for an aggregate $145 million at the Company’s share. Included in the third quarter total is the sale of 10 assets from the BRE DDR Retail Holdings III portfolio for $165 million, bringing year-to-date sales in the joint venture to $213 million at a premium to the fourth quarter 2014 acquisition costs. DDR has an additional 10 operating assets and nine land parcels under contract for sale, representing an expected total price of $268 million at the Company’s share. Year-to-date, the Company has sold $358 million and acquired $160 million of assets at DDR’s share.

Luke J. Petherbridge, chief financial officer of DDR, commented, “During the third quarter, we continued to upgrade our portfolio by selling lower growth, institutional quality assets into an environment of historically low cap rates for our property type.  We will continue to opportunistically sell the bottom tier of the portfolio and use proceeds to acquire assets at a volume consistent with our original acquisition guidance, invest in attractive redevelopment projects, and to continue to delever the balance sheet.”

About DDR Corp.
DDR is an owner and manager of 382 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 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.

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