DDR Corp. (DDR) Tops Q2 FFO by 2c

DDR Corp. (NYSE: DDR) reported Q2 FFO of $0.30, $0.02 better than the analyst estimate of $0.28.

Guidance

The Company's 2017 operating assumptions remain as follows:

• Expected annual growth in same store net operating income range as follows:

• Expected leased rate at year end of 93.0% to 93.5%
• Expected General and Administrative expenses of $72 million to $75 million
• Expected Fee income of $30 million to $33 million
• Expected Interest income of $26 million to $29 million
• Expected redevelopment activity placed in service of $80 million (approximately $40 million of incremental same store NOI) weighted towards the second half of the year at high single-digit yields

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

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