DDR Corp. (DDR) Reports Q1 Loss of $0.16

DDR Corp. (NYSE: DDR) reported Q1 EPS of ($0.16), versus $0.11 reported last year. Revenue for the quarter came in at $167.23 million, versus $177.37 million reported last year.

"DDR\'s new management team is excited to continue positioning the Company for future success. We are pleased to report ongoing progress lowering leverage, as well as organizational streamlining to fit the Company\'s current operating scale and to partially mitigate an expected modest decline in property profitability this year. Our best-in-class leasing team is making progress refilling vacancies from recent larger scale tenant bankruptcies, and I am confident DDR will emerge from a challenging 2017 well positioned to take advantage of an environment rich with opportunities arising from the current dynamic retail real estate markets," commented David R. Lukes, president and chief executive officer.

For earnings history and earnings-related data on DDR Corp. (DDR) click here.

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