DDR Corp. Q2 FFO Rises

(RTTNews) - DDR Corp. (DDR) reported second-quarter funds from operations or FFO attributable to common shareholders of $80.0 million or $0.25 per share, compared to $78.1 million or $0.27 per share in the comparable quarter last year.

Operating FFO for the quarter was $86.1 million, or $0.27 per share, up from $71.6 million, or $0.25 per share in the year-ago period.

Net loss attributable to common shareholders for the latest second quarter narrowed to $36.0 million, or $0.11 per share from $44.5 million or $0.16 per share last year.

Total revenues for the quarter grew to $217.09 million from $190.69 million in the prior year.

Analysts polled by Thomson Reuters expected FFO of $0.27 per share and revenues of $208.04 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward, there has been no change in Operating FFO per share guidance since the last update provided on May 15, 2013, when the Company raised the bottom end of the range from $1.07 to $1.08. The Company continues to estimate Operating FFO for 2013 between $1.08 and $1.11 per diluted share.

Analysts currently expect FFO of $1.10 per share for the year.