Free Research Report as DDR’s Q4 Operating FFO Results Beat Forecasts

Stock Monitor: At Home Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 28, 2018 / Active-Investors.com has just released a free earnings report on DDR Corp. (NYSE: DDR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DDR. The Company posted its financial results on February 14, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's operating funds from operations (FFO) outperformed market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for At Home Group Inc. (NYSE: HOME), which also belongs to the Financial sector as the Company DDR Corp. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=HOME

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, DDR most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=DDR

Earnings Highlights and Summary

During Q4 FY17, DDR's total revenues came in at $209.43 million versus $232.17 million in Q4 FY16. The Company's total revenue numbers topped market consensus estimates of $208 million. The Company generated $147.14 million of revenues from minimum rent in Q4 FY17 compared to $167.93 million in the year ago same period. DDR's percentage rent revenues were $2.56 million in Q4 FY17 versus $2.83 million in Q4 FY16, while its other property revenues fell to $3.77 million in Q4 FY17 from $5.71 million in Q4 FY16.

The real estate investment trust reported a net loss attributable to common shareholders of $226.42 million, or $0.62 loss per diluted share, in Q4 FY17 compared to a net income attributable to common shareholders of $28.15 million, or $0.08 per diluted share, in Q4 FY16. The Company attributed the net loss to impairment charges of $280.1 million, which included $258.6 million due to a change in hold-period assumptions for the new spin-off, Retail Value Inc. (RVI) asset portfolio.

The Company's FFO stood at $95.15 million, or $0.26 per diluted share, in Q4 FY17 compared to $111.16 million, or $0.30 per diluted share, in Q4 FY16. The Company's operating FFO attributable to common shareholders stood at $103.83 million, or $0.28 per share, in Q4 FY17 compared to $111.09 million, or $0.30 per diluted share, in Q4 FY16. Moreover, Wall Street had expected the Company to report operating FFO of $0.26 per diluted share.

In the full year FY17, DDR's total real estate revenues fell to $887.95 million from $969.51 million in FY16. The Company's net loss attributable to common shareholders was $270.44 million, or $0.74 loss per diluted share, in FY17 versus a net loss of $37.64 million, or $0.10 loss per diluted share in FY16. Furthermore, the Company's operating FFO came in at $432.37 million, or $1.18 per diluted share, in FY17 versus $468.39 million, or $1.28 per diluted share, in FY16.

Earnings Metrics

DDR's operating and maintenance expenses fell to $28.22 million in Q4 FY17 from $29.70 million in Q4 FY16. For Q4 FY17, the Company's real estate taxes were $29.91 million compared to $34.31 million in Q4 FY16. The Company's net operating income was $151.30 million in Q4 FY17 versus $168.16 million in the previous year's comparable quarter. The Company's same store NOI, including bad debt expenses, were $201.24 million in Q4 FY17 versus $203.00 million in Q4 FY16. Furthermore, DDR's same store NOI, including bad debt expenses, was $164.28 million in Q4 FY17 compared to $164.82 million in Q4 FY16.

Cash Matters and Balance Sheet

During FY17, the Beachwood, Ohio-based Company's net cash provided by operating activities was $410.41 million compared to $460.66 million in the year ago. The Company's cash, cash equivalents, and restricted cash balance was $94.72 million as on December 31, 2017, which came in higher than $39.23 million as on December 31, 2016. Furthermore, the Company had total secured indebtedness of $641.08 million as on December 31, 2017, versus $1.18 billion as on December 31, 2016.

Spin-Off

On December 14, 2017, the Company announced the spin-off its 50 assets, representing approximately $2.9 billion of gross book value, into a separate publicly-traded REIT named RVI. The Company incurred approximately $2.3 million of costs related to the transaction during Q4 FY17.

Dividend

In a separate press release on February 14, 2018, DDR's Board of Directors declared a common stock dividend of $0.19 per share. The common stock dividend is payable on April 03, 2018, to shareholders of record at the close of business on March 16, 2018.

Stock Performance Snapshot

March 27, 2018 - At Tuesday's closing bell, DDR's stock declined 1.26%, ending the trading session at $7.04.

Volume traded for the day: 5.55 million shares, which was above the 3-month average volume of 4.70 million shares.

After yesterday's close, DDR's market cap was at $2.60 billion.

The stock has a dividend yield of 10.80%.

The stock is part of the Financial sector, categorized under the REIT - Retail industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors