DDR Corp. (DDR: Quote) 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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by RTT Staff Writer
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