DDR Q1 FFO Rises

(RTTNews) - DDR Corp. (DDR) Tuesday reported first-quarter funds from operations of $85.8 million or $0.24 per share, up from $82.5 million or $0.26 per share last year.

Operating FFO for the quarter were $100.7 million or $0.28 per share, up from $86.1 million or $0.27 per share last year. Analysts polled by Thomson Reuters expected FFO of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Net loss for the quarter were $23.2 million, wider than $727 thousand last year.

Revenues for the quarter rose to $246.0 million from $189.6 million last year. Analysts estimated revenues of $247.29 million for the quarter.

Looking forward, the company continues to estimate operating FFO of $1.14 to $1.18. Analysts currently estimate earnings of $1.16 per share.