DDR Corp. (DDR) Tuesday reported first-quarter funds from operations of $82.51 million or $0.26 per share, up from $59.74 million or $0.21 per share in the comparable quarter last year.
Operating FFO for the quarter was $0.27 per share, up from $0.24 per share in the same quarter last year.
Net loss attributable to common shareholders for the quarter narrowed substantially to $727 thousand or $0.00 per share from $22.02 million or $0.08 per share last year.
Total revenues for the quarter grew to $210.83 million from $190.58 million in the prior year.
Analysts polled by Thomson Reuters expected FFO of $0.26 per share and revenues of $208.57 million for the quarter. Analysts' estimates typically exclude special items.
Looking forward, the company continues to estimate operating FFO of $1.07 to $1.11 per share.
Analysts currently expect FFO of $1.10 per share for the year.
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