DDR Corp. (DDR) Tops Q1 EPS by 1; CFO Petherbridge to Step Down
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DDR Announces Luke J. Petherbridge To Step Down As Chief Financial Officer and Treasurer
April 28, 2016 5:05 PM EDTBEACHWOOD, Ohio, April 28, 2016 /PRNewswire/ --Â DDR Corp. (NYSE: DDR) today announced that Chief Financial Officer and Treasurer Luke J. Petherbridge will step down from his role effective May 6, 2016, in order to assume the position of president and chief executive officer of Excel Trust, a retail REIT owned by a fund affiliated with Blackstone Real Estate.
"I want to thank Luke for his eight years of service to DDR, initially running our joint venture with MDT and more recently leading DDR's capital markets and transactional efforts. He will... More
Excel Trust Names Luke J. Petherbridge as President and Chief Executive Officer
April 28, 2016 5:05 PM EDTSAN DIEGO & NEW YORK--(BUSINESS WIRE)-- Excel Trust (the "Company") announced its appointment of Luke J. Petherbridge as Chief Executive Officer and President.
Mr. Petherbridge is an experienced retail real estate executive and currently serves as the Chief Financial Officer and Treasurer of DDR Corp. (NYSE: DDR) a power center REIT with 352 value-oriented shopping centers, representing 113 million square feet in 37 states and Puerto Rico under management. At DDR Corp., Mr. Petherbridge has overseen the execution of $5 billion of real estate transactions, raised over $9 billion of long-term capital and supported various strategic initiatives.... More
DDR Reports First Quarter 2016 Operating Results
April 28, 2016 5:00 PM EDTBEACHWOOD, Ohio, April 28, 2016 /PRNewswire/ --Â DDR Corp. (NYSE: DDR) today announced operating results for the first quarter ended March 31, 2016.Â
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO )Â
Financial Highlights
First quarter operating funds from operations attributable to common shareholders ("Operating FFO") increased $7.1 million to $114.2 million, or $0.31 per diluted share, compared to $107.1 million, or $0.30 per diluted share, for the prior-year comparable period. First quarter net income attributable to common shareholders was $40.0... More