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DDR Corp (DDR.N)

DDR.N on New York Stock Exchange

8.39USD
19 Jan 2018
Change (% chg)

$0.08 (+0.96%)
Prev Close
$8.31
Open
$8.35
Day's High
$8.40
Day's Low
$8.29
Volume
1,015,663
Avg. Vol
1,032,203
52-wk High
$15.56
52-wk Low
$7.26

Latest Key Developments (Source: Significant Developments)

DDR Corp Says Board Unanimously Approved Plan To Spin Off Portfolio Of 50 Assets
Thursday, 14 Dec 2017 

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

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

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

DDR Q2 earnings per share $0.10
Tuesday, 26 Jul 2016 

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

DDR Corp appoints Thomas August CEO
Monday, 11 Jul 2016 

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

DDR Corp announces Luke J. Petherbridge to step down as chief financial officer
Thursday, 28 Apr 2016 

DDR Corp:Says Chief Financial Officer and Treasurer Luke J. Petherbridge will step down from his role effective May 6, 2016.  Full Article

BRIEF-DDR Corp Says Board Unanimously Approved Plan To Spin Off Portfolio Of 50 Assets

* DDR CORP - BOARD OF DIRECTORS HAS UNANIMOUSLY APPROVED A PLAN TO SPIN OFF A PORTFOLIO OF 50 ASSETS