Key Developments: DDR Corp (DDR.N)

DDR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DDR Corp declares third quarter 2014 Preferred Class J and Class K dividend
Wednesday, 10 Sep 2014 08:05am EDT 

DDR Corp:Declares third quarter 2014 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 share of DDR's 6.50 pct Class J Cumulative Redeemable Preferred Stock.Declared Preferred Class J dividend and Preferred Class K dividend covers period beginning July 15, 2014 and ending Oct. 14, 2014.Declared Preferred Class J Dividend and Preferred Class K Dividend is payable Oct. 15 to shareholders of record at close of business on Oct. 1.Each Class K depositary share is equal to one-twentieth of share of DDR's 6.25 pct Class K Cumulative Redeemable Preferred Stock.  Full Article

DDR Corp declares common share dividend of $0.155 for Q3 2014
Wednesday, 10 Sep 2014 08:00am EDT 

DDR Corp:Declared its Q3 2014 common stock dividend of $0.155 per share.Dividend is payable on Oct.10.Record date Sept. 26.  Full Article

DDR Corp adds Nordstrom Rack to The Shops at Midtown Miami
Wednesday, 3 Sep 2014 10:00am EDT 

DDR Corp:Says addition of Nordstrom Rack to The Shops at Midtown Miami, 98 pct leased, 645,000-square-foot urban power center that features largest concentration of value-oriented retailers in the city of Miami.DDR created space for Nordstrom Rack through its Project Accelerate initiative announced in May, whereby DDR is recapturing below-market leases from underperforming anchor tenants and backfilling these locations with retailers.  Full Article

DDR Corp reaffirms FY 2014 FFO guidance
Wednesday, 30 Jul 2014 04:05pm EDT 

DDR Corp:Says that there has been no change in operating FFO per share guidance since last update provided on March 10.Continues to estimate range of $1.14 to $1.18 for FY 2014 operating FFO per diluted share.FY 2014 FFO per share of $1.15 - Thomson Reuters I/B/E/S.  Full Article

DDR Corp and Blackstone form joint venture to acquire 76 shopping centers for $1.975 Billion
Thursday, 12 Jun 2014 06:00am EDT 

DDR Corp:Says DDR Corp and an affiliate of Blackstone Real Estate Partners VII announced the formation of a third joint venture to acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc.The joint venture has executed a purchase and sale agreement to acquire the portfolio in a transaction valued at $1.975 billion, including assumed debt of $461 million and about $800 million of new financings.Blackstone owns 95 pct. of the common equity of the joint venture and an affiliate of DDR owns the remaining 5 pct.Says DDR will also invest up to a maximum of $300 million in preferred equity in the joint venture with a fixed dividend rate of 8.5 pct., and has agreed to provide customary leasing and management services.Says in addition, DDR will have the right of first offer to acquire ten of the assets under specified conditions consistent with past transactions.Says this acquisition is anticipated to close in the third quarter of 2014 and non-prime asset sales within the portfolio are expected to commence thereafter as a result of active portfolio management within the joint venture.  Full Article

DDR declares second quarter Class J and Class K preferred share dividends
Tuesday, 10 Jun 2014 08:00am EDT 

DDR Corp:Declares second quarter Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.Preferred Class J Dividend is payable July 15 to shareholders of record at the close of business on July 1.Preferred Class K Dividend is payable July 15 to shareholders of record at the close of business on July 1.  Full Article

DDR Corp declares second quarter 2014 dividend
Thursday, 15 May 2014 08:00am EDT 

DDR Corp:Declares its second quarter 2014 common stock dividend of $0.155 per share.The dividend is payable on July 8 to shareholders of record at the close of business on June 12.  Full Article

DDR Corp closes on the sale of its investment in Brazil
Monday, 28 Apr 2014 08:00am EDT 

DDR Corp:Closing of the previously announced sale of its 50 pct ownership interest in Sonae Sierra Brazil BV Sarl (SSB BV Sarl) for $344 mln.DDR's interest in SSB BV Sarl represents DDR's entire investment in Brazil.  Full Article

DDR Corp expands partnership with Tesla
Thursday, 24 Apr 2014 08:00am EDT 

DDR Corp:Says installation of third Tesla Supercharger station in company's portfolio.New Supercharger station is located at Hamilton Marketplace in Hamilton.Relationship could expand to several more locations across country by year-end.  Full Article

DDR Corp announces agreement to sell investment in Brazil
Monday, 10 Mar 2014 04:00am EDT 

DDR Corp:To sell 50 pct in Sonae Sierra Brazil BV Sarl to Alexander Otto and his affiliates for $343.6 mln.Closing of sale is expected to be completed in next 30 days.  Full Article

REFILE-Shares of shopping center REIT DDR could rally - Barron's

NEW YORK, March 30 - Shares of DDR Corp could rally as the real estate investment trust seeks more potentially profitable tenants at a time when few new strip malls are hitting the market, Barron's said in its March 30 edition published on Sunday.

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