When was the initial public offering of Developers Diversified Realty Shares and what was the price at that time?
The initial public offering of DDR Common Shares was February 2, 1993. The price at that time was $22.00 per share. We began trading on the New York Stock Exchange on February 2, 1993.
Has Developers Diversified Realty's Common Stock ever split?
Yes. DDR's Common Stock was spilt on a two for one basis on August 3, 1998.
Can I buy or sell stock directly through Developers Diversified Realty?
With the exception of our Dividend Reinvestment Plan (see below) DDR does not offer the direct purchase or sale of its common or preferred shares. All stock transactions should be handled through a stock brokerage firm of your choice.
What are your ticker symbols and where are your shares traded at Developers Diversified?
Common Shares and Preferred Depositary Shares are listed and predominantly traded on the New York Stock Exchange under the symbols: DDR, DDR _pf, DDR_pg, DDR_ph, DDR_pi
How can I find out how many shares of Developers Diversified stock I own?
DDR does not have access to individual shareholders account information. To find out more about your holdings, please contact either your broker or our transfer agent which is BNY Mellon Shareowner Services at 1-866-282-4937.
What is Developers Diversified Realty's CUSIP number?
The CUSIP number is 251591.
Where can I find dividends paid on Developers Diversified Realty's stock?
A detailed dividend payment history for DDR Common and each class of Preferred Depositary Shares is provided here on our website.
Does Developers Diversified Realty offer direct deposit of dividends?
Yes we do. If you would like to sign up for direct deposit of your dividends, please call our transfer agent, BNY Mellon Shareowner Services at 1-866-282-4937. Please note you must be the record holder of the shares to qualify for direct deposit of dividends.
Does Developers Diversified Realty offer a Dividend Reinvestment Plan?
Yes we do. A transfer agent, BNY Mellon Shareowner Services, administers this program for us. Please contact them at 1-866-282-4937 for Dividend Reinvestment Plan information and to apply for the plan.
When is the next Annual Meeting of Shareholders?
May 2011
How many DDR common shares are outstanding?
As of March 31, 2010 there were 250,040,410 common shares outstanding.
In addition, at March 31, 2010 there were Operating Partnership Units outstanding, which are convertible into common stock, equal to 398,701 shares.
When is your next earnings release scheduled?
August 2, 2010
When does DDR's fiscal year end?
December 31
Does DDR issue quarterly reports?
On-line copies of our quarterly earnings releases are available here. You can also request hard copies of this release and other investor relations materials here.
How can I obtain a copy of your Annual Report or other Investor Relations materials?
You may contact Investor Relations at: Investor Relations
Developers Diversified Realty Corporation
3300 Enterprise Parkway
Beachwood, Ohio 44122
Kate Deck
Investor Relations Director
Phone: 216-755-6408 Fax: 216-755-3408
E-mail: kdeck@ddr.com
REITS - General:
The following FAQs are provided by NAREIT, the National Association of Real Estate Investment Trusts.
What Is A REIT?
A Real Estate Investment Trust ("REIT") is essentially a corporation or trust that combines capital of many investors to acquire or provide financing for all forms of real estate. A REIT serves much like a mutual fund for real estate. Its shares are freely traded, often on a major stock exchange.
A corporation or trust that qualifies as a REIT generally does not pay corporate income tax to the Internal Revenues Service ("IRS"). This is a unique feature and of the most attractive aspects of a REIT. Most states honor this federal treatment and do not require REITs to pay state income tax. This means that nearly all of a REIT's income can be distributed to shareholders, and there is no double taxation of the income to the shareholder. Unlike a partnership, a REIT cannot pass its tax losses onto its investors.
What Qualifies As A REIT?
In order for a corporation to qualify as a REIT, it must comply with certain provisions with the Internal Revenue Code. As required by the Tax Code, a REIT must:
be a corporation, business trust or similar association;
be managed by a board of directors or trustees;
have shares that are fully transferable;
have a minimum of 100 shareholders;
have no more than 50 percent of the shares held by five or fewer individuals during the last half of each taxable year; invest at least 75 percent of the total assets in real estate assets;
derive at least 75 percent of gross income from rents from real property, or interest on mortgages on real property; pay dividends of at least 90 percent of REIT taxable income.
Who Invests in REITs?
Thousands of investors, both U.S. and non-U.S., own shares of REITs. So do pension funds, endowment funds, insurance companies, bank trust departments and mutual funds.
An individual who chooses to invest in a REIT seeks to achieve current income distributions and long-term stock appreciation potential. An investor also has the benefit of liquidity, if needed.
REIT shares typically may be purchased on the open market, with no minimum purchase required.
Do you have another question that hasn't been answered?
Please submit your question using the form below. Fields marked with an * are required.
Stock Information
Ticker:
DDR
Exchange:
NYSE
Last Trade:
$11.41
Change:
0.16
Volume:
168,600
Jul 29, 2010 9:49 AM ET
Quotes delayed at least 20 minutes. Information provided by eSignal.
show all
hide all
0.16
