DDR Corp. (NYSE:DDR) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On March5, 2018, members of senior management of DDR Corp. (the “Company”) will make a presentation at the Citi 2018 Global Property CEO Conference (“Conference”) in Hollywood, Florida which will include disclosure of its first quarter Operating FFO guidance estimate for the three-month period ended March31, 2018 of at least $0.22 per share. The presentation will be available on the Company’s corporate website at www.ddr.com under the “Investors – Presentations” section. The information contained on or accessible through the Company’s website is not part of this Current Report on Form 8-K. The following table presents the Reconciliation of Net Income Attributable to DDR to FFO and Operating FFO Estimates:
| 1Q2018E Per Share – Diluted | |
|
Net income attributable to Common Shareholders |
($0.16)–($0.14) |
|
Depreciation and amortization of real estate |
0.19–0.22 |
|
Equity in net income of JVs |
(0.01) |
|
JVs’ FFO |
0.02 |
|
FFO (NAREIT) |
$0.04–$0.09 |
|
Debt extinguishment costs |
0.16 – 0.19 |
|
Operating FFO |
$0.22 |
This information shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be set forth by specific reference in such filing.
About DDR Corp. (NYSE:DDR)
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. It leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases. The Company’s portfolio consists of over 350 shopping centers and over 1,000 acres of undeveloped land. The shopping centers are located in over 40 states, as well as Puerto Rico.
