DDR Q4 FFO Rises

(RTTNews) - DDR Corp. (DDR) Wednesday reported fourth-quarter funds from operations, or FFO of $120.2 million or $0.33 per share, compared to $61.8 million or $0.20 per share last year.

Operating FFO increased to $104.5 million or $0.29 per share, from $84.0 million or $0.27 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected FFO of $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders for the latest fourth quarter was $0.6 million, or $0.00 per diluted share, which compares to net loss of $7.0 million, or $0.02 per diluted share, for the prior-year comparable period.

Revenues for the quarter rose to $256.85 million from $202.75 million last year. Analysts estimated revenues of $250.40 million for the quarter.

The company continues to estimate Operating FFO for 2014 between $1.17 and $1.21 per share. Analysts currently estimate FFO of $1.20 per share.