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 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.

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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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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.

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