DDR Corp. (DDR) reported a second-quarter net loss applicable to common shareholders of $44.5 million or $0.16 per share, wider than the net loss of $26.9 million or $0.10 per share in the comparable quarter last year.
Funds from operations or FFO applicable to common shareholders was $78.1 million or $0.27 per share, down from $52.6 million or $0.19 per share, for the prior-year comparable period.
Operating Funds From Operations available to common shareholders was $71.6 million or $0.25 per share, compared to $64.4 million or $0.23 per share in the year-ago quarter.
On average, 15 analysts expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the latest quarter rose to $194.7 million from $186.9 million last year.
Analysts expected revenues of $193.65 million for the quarter.
Looking ahead, DDR Corp said that it continues to estimate Operating FFO for 2012 between $1.00 and $1.04 per diluted share. Analysts currently expect the company to earn $1.01 per share for 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.