BEACHWOOD, Ohio, Sept. 8, 2016 /PRNewswire/ -- DDR Corp.
(NYSE: DDR) declared its third quarter 2016 common stock dividend
of $0.19 per share, which represents
an increase of 10% from the third quarter of 2015. The common stock
dividend is payable on October 11,
2016 to shareholders of record at the close of business on
September 23, 2016.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO)
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.
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ddr-declares-common-stock-dividend-of-019-for-third-quarter-2016-300324074.html
SOURCE DDR Corp.