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DDR
Type
Public company
Traded as NYSE: DDR
Industry Real estate investment trust
Founded 1965; 52 years ago (1965)
Founder Bert Wolstein
Headquarters Beachwood, Ohio
Key people
Terrance Ahern, Chairman
David Lukes, President & CEO
Revenue Decrease $1.005 billion (2016)
Net income
Increase $0.061 billion (2016)
Total assets Decrease $8.197 billion (2016)
Total equity Decrease $3.246 billion (2016)
Number of employees
540 (2016)
Website www.ddr.com

DDR Corp. (formerly Developers Diversified Realty, Inc.) is a publicly traded real estate investment trust that invests in shopping centers.

As of December 31, 2016, the company owned interests in 317 shopping centers in 35 states in the United States and Puerto Rico.

Notable properties wholly owned by the company include the following:

In 1965, the company was founded by Bert Wolstein.

In 1967, the company built its first property, a KMart store in Eastlake, Ohio.

On February 12, 1993, the company became a public company via an initial public offering.

In 1995, the company acquired 10 power centers from Homart Development Company, which was being acquired by GGP Inc., for $501.5 million.

In 1998, the company acquired a portfolio of 9 properties in Salt Lake City for $300 million.

In 2002, the company acquired JDN Realty Corporation for $436 million in stock.

In February 2011, Scott Wolstein resigned as executive chairman.

In September 2011, the company changed its name to DDR Corp. and launched a new tagline, "Think Retail. Create Value."

In December 2011, the company purchased Polaris Towne Center from and sold Town Center Plaza to Glimcher Realty Trust.

In August 2013, a joint venture between DDR and Blackstone Group acquired 7 open-air shopping centers from Regency Centers Corporation for $332 million.

In March 2014, DDR agreed to exit its Brazilian joint venture by selling its stake to the firm’s largest shareholder for $343.6 million.

In October 2014, in a joint venture with Blackstone Group, the company acquired 70 shopping centers totaling 15.7 million square feet for $1.93 billion.

In February 2015, David Oakes was appointed as president and chief executive officer of the company. Oakes was fired in July 2016 and replaced by Thomas August.

In January 2016, the company sold Paseo Colorado to Cypress Equities.

In October 2016, the company sold a 16-property portfolio for $390 million in a transaction brokered by HFF.

In 2016, as part of a portfolio repositioning, the company sold $1.0 billion worth of properties, while only acquiring $148 million of properties.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2018 2019-02-14 Future report Set alerts
Q3 2018 2018-10-31 Future report Set alerts
Q2 2018 2018-07-25 -0.07 -0.07
Q1 2018 2018-04-24 -0.34 -0.34
Q4 2017 2018-02-15 -1.24 -1.24
Q3 2017 2017-11-02 -0.04 -0.04
Q2 2017 2017-07-26 0.12 0.12
Q1 2017 2017-04-25 -0.32 -0.32
Q4 2016 2017-02-13 0.16 0.16
Q3 2016 2016-10-26 -0.36 -0.36

Ratings

2016-07-11 Reiterated Rating Canaccord Genuity Hold
2016-07-11 Downgrade Bank of America Corp. Buy to Neutral
2016-07-11 Downgrade Mizuho Neutral to Underperform $17.00
2016-06-30 Initiated Coverage Jefferies Group Hold $17.00 to $19.00
2016-05-03 Reiterated Rating Deutsche Bank Hold $17.00
2016-05-03 Reiterated Rating Deutsche Bank AG Hold $17.00
2016-04-15 Upgrade KeyBanc Sector Weight to Overweight $19.00
2016-04-15 Upgrade KeyCorp Sector Weight to Overweight $19.00
2016-04-13 Initiated Coverage Mizuho Neutral $19.00
2016-03-16 Initiated Coverage Credit Suisse Outperform $18.50
2016-03-16 Initiated Coverage Credit Suisse Group AG Outperform $18.50
2016-02-13 Reiterated Rating Deutsche Bank Hold
2016-02-12 Reiterated Rating Canaccord Genuity Hold $18.00
2016-01-22 Downgrade SunTrust Buy to Neutral $21.00 to $17.50
2016-01-22 Downgrade SunTrust Banks Inc. Buy to Neutral $21.00 to $17.50
2016-01-12 Downgrade Jefferies Group Buy to Hold $20.00 to $15.00
2016-01-07 Downgrade Robert W. Baird Outperform to Neutral $20.00 to $18.00
2016-01-05 Downgrade Deutsche Bank Buy to Hold $19.00 to $17.00
2015-12-30 Downgrade Deutsche Bank Buy to Hold $19.00 to $17.00
2015-12-21 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2015-12-18 Reiterated Rating Boenning Scattergood Neutral
2015-11-01 Downgrade Canaccord Genuity Hold $18.00
2015-10-23 Reiterated Rating Jefferies Group Buy $20.00
2015-09-08 Reiterated Rating Evercore ISI Hold $18.00 to $17.00
2015-09-08 Lower Price Target Evercore Partners Inc. Hold $18.00 to $17.00
2015-09-01 Reiterated Rating Canaccord Genuity Hold $18.00
2015-08-20 Lower Price Target Credit Suisse Outperform $20.00 to $19.00
2015-08-06 Upgrade Bank of America Neutral to Buy $18.00 to $19.00
2015-08-06 Reiterated Rating Deutsche Bank Buy $19.00
2015-08-06 Upgrade Bank of America Corp. Neutral to Buy $18.00 to $19.00
2015-08-03 Lower Price Target RBC Capital Sector Perform $18.00 to $17.00
2015-08-03 Lower Price Target Royal Bank Of Canada Sector Perform $18.00 to $17.00
2015-07-30 Reiterated Rating Canaccord Genuity Hold $18.00
2015-07-22 Initiated Coverage Canaccord Genuity Hold $18.00
2015-07-21 Lower Price Target Citigroup Inc. Neutral $20.00 to $17.50
2015-07-03 Reiterated Rating Credit Suisse Outperform $20.00
2015-06-16 Lower Price Target Cowen and Company Outperform $21.00 to $19.00
2015-06-05 Lower Price Target Credit Suisse Outperform $20.50 to $20.00
2015-06-01 Lower Price Target Deutsche Bank Buy $21.00 to $20.00
2015-05-13 Reiterated Rating Deutsche Bank Buy $21.00
2015-05-08 Lower Price Target RBC Capital Sector Perform $19.00 to $18.00
2015-04-29 Set Price Target MLV & Co. Buy $20.00
2015-03-24 Initiated Coverage Robert W. Baird Outperform $22.00
2015-03-20 Boost Price Target Citigroup Inc. Neutral $19.00 to $20.00
2015-03-02 Downgrade Goldman Sachs Buy to Neutral $20.00
2015-03-02 Downgrade Goldman Sachs Group Inc. Buy to Neutral $20.00
2015-02-12 Set Price Target MLV & Co. Buy $20.00
2015-01-26 Boost Price Target Deutsche Bank Buy $20.00 to $21.00
2015-01-21 Upgrade Credit Suisse Neutral to Outperform
2015-01-20 Downgrade Bank of America Buy to Neutral $19.00
2015-01-15 Reiterated Rating Jefferies Group Buy
2015-01-15 Downgrade JPMorgan Chase & Co. Overweight to Neutral $20.00
2014-12-04 Reiterated Rating Citigroup Inc. Hold $17.50 to $19.00
2014-11-17 Reiterated Rating Evercore ISI Buy to Hold $19.00
2014-11-11 Initiated Coverage Credit Suisse Neutral
2014-09-12 Downgrade KeyBanc Buy to Hold $20.00
2014-07-31 Boost Price Target Evercore ISI Buy $19.00 to $20.00
2014-07-22 Boost Price Target Jefferies Group $21.00 to $24.00
2014-07-17 Boost Price Target Deutsche Bank Buy $18.00 to $19.00
2014-06-26 Boost Price Target Cowen and Company $19.00 to $20.00
2014-05-08 Boost Price Target Imperial Capital Outperform $18.00 to $19.00
2014-03-13 Boost Price Target Jefferies Group $21.00
2014-02-13 Initiated Coverage Morgan Stanley Overweight $19.00
2013-12-04 Initiated Coverage Imperial Capital Outperform $18.00
2013-12-04 Initiated Coverage Capital Ideas Research Outperform
2013-11-19 Initiated Coverage MLV & Co. Buy $20.00
2013-11-07 Reiterated Rating Deutsche Bank Buy $18.00
2013-11-07 Boost Price Target RBC Capital Sector Perform $18.00 to $19.00
2013-10-22 Initiated Coverage Goldman Sachs Buy
2013-10-14 Reiterated Rating Deutsche Bank Buy $18.00
2013-09-18 Lower Price Target Jefferies Group Buy $21.00 to $20.00
2013-09-16 Initiated Coverage Capital One Financial Corp. Add
2013-04-22 Reiterated Deutsche Bank Buy $17 to $18
2011-12-08 Initiated KeyBanc Capital Mkts Buy $14
2011-03-23 Initiated FBR Capital Outperform $15.50
2011-01-12 Initiated Jefferies Underperform $11
2009-10-26 Reiterated RBC Capital Mkts Underperform $6 to $7
2009-10-06 Reiterated RBC Capital Mkts Underperform $4 to $6
2009-08-07 Downgrade Citigroup Hold to Sell
2009-02-24 Reiterated RBC Capital Mkts Underperform $13 to $6
2008-10-29 Reiterated RBC Capital Mkts Underperform $25 to $13
2016-07-11 Reiterated Rating Canaccord Genuity Hold
2016-07-11 Downgrade Bank of America Corp. Buy to Neutral
2016-07-11 Downgrade Mizuho Neutral to Underperform $17.00
2016-06-30 Initiated Coverage Jefferies Group Hold $17.00 to $19.00
2016-05-03 Reiterated Rating Deutsche Bank Hold $17.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Otto Alexander 15.43%  (55474027) DDR /
Otto-Bernstein Katharina 4.52%  (16255505) DDR / PGRE /
Oakes David President & CFO 0.17%  (595087) DDR /
Lukes David R President & CEO 0.11%  (407848) DDR / EQY /
HURWITZ DANIEL B President & CEO 0.11%  (403262) BRX / DDR /
AHERN TERRANCE R 0.09%  (323060) DDR /
Freddo Paul W Sr. Exec. Vice President 0.05%  (194688) DDR /
Kokinchak John S Senior Exec. Vice President 0.04%  (145982) DDR /
SHOLEM BARRY A 0.04%  (130675) DDR /
Vesy Christa A Exec. V.P. & Chief Acct. Off. 0.04%  (130583) DDR /
AUGUST THOMAS F President and CEO 0.04%  (130468) DCT / DDR /
Ostrower Matthew Louis EVP, CFO & Treasurer 0.03%  (103293) DDR / EQY / RPT /
MACFARLANE VICTOR B 0.02%  (80532) DDR /
PETHERBRIDGE LUKE J CFO & Treasurer 0.02%  (70742) DDR /
ROSS WILLIAM T Chief Operating Officer 0.02%  (67257) DDR /
Finne Thomas 0.02%  (66000) DDR /
GIDEL ROBERT H 0.02%  (62153) DDR / NSM /
Makinen Michael EVP & COO 0.02%  (61618) DDR / EQY /
MACNAB CRAIG 0.01%  (51008) AMT / DDR / NNN /
Boland James C 0.01%  (44035) DDR /
Roulston Scott D 0.01%  (26841) DDR /
Maccardini Rebecca 0.01%  (26345) DDR /

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