Developers Diversified Realty Corp. (DDR) reported a third quarter loss applicable to common shareholders of $148.4 million or $0.90 per share, compared to a profit of $24.7 million or $0.20 per share in the comparable year-ago period.
Negative funds from operations applicable to common shareholders for the period, including charges, was $90.1 million or $0.54 per share, compared to funds from operations applicable to common shareholders of $96.7 million or $0.80 per share in the prior-year period. Negative funds from operations for the quarter was $79.5 million, compared to funds from operations of $107.3 million in the same quarter last year.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter was $202.3 million, compared to $222.9 million in the same quarter last year. Five Wall Street analysts expected revenues of $194.35 million.
For comments and feedback: editorial@rttnews.com