XML 24 R25.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Investments in and Advances to Joint Ventures (Tables) - Unconsolidated Joint Ventures [Member] | 6 Months Ended
--- | ---
Jun. 30, 2015
Schedule Of Equity Method Investments [Line Items] |
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments | At June 30, 2015 and December 31, 2014, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 184 and 188 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):
| June 30, 2015 |  |  | December 31, 2014 |
Condensed Combined Balance Sheets |  |  |  |  |  |  |
Land | $ | 1,346,862 |  |  | $ | 1,439,849 |
Buildings |  | 3,566,004 |  |  |  | 3,854,585 |
Fixtures and tenant improvements |  | 184,661 |  |  |  | 200,696 |
|  | 5,097,527 |  |  |  | 5,495,130 |
Less: Accumulated depreciation |  | (770,122 | ) |  |  | (773,256 | )
|  | 4,327,405 |  |  |  | 4,721,874 |
Land held for development and construction in progress |  | 54,209 |  |  |  | 55,698 |
Real estate, net |  | 4,381,614 |  |  |  | 4,777,572 |
Cash and restricted cash |  | 80,234 |  |  |  | 100,812 |
Receivables, net |  | 48,814 |  |  |  | 80,508 |
Other assets |  | 346,595 |  |  |  | 394,751 |
| $ | 4,857,257 |  |  | $ | 5,353,643 |
Mortgage debt | $ | 3,247,337 |  |  | $ | 3,552,764 |
Notes and accrued interest payable to the Company |  | 3,031 |  |  |  | 144,831 |
Other liabilities |  | 205,924 |  |  |  | 276,998 |
|  | 3,456,292 |  |  |  | 3,974,593 |
Redeemable preferred equity |  | 309,150 |  |  |  | 305,310 |
Accumulated equity |  | 1,091,815 |  |  |  | 1,073,740 |
| $ | 4,857,257 |  |  | $ | 5,353,643 |
Company's share of accumulated equity | $ | 132,034 |  |  | $ | 122,937 |
Redeemable preferred equity |  | 309,150 |  |  |  | 305,310 |
Basis differentials |  | (43,015 | ) |  |  | (12,954 | )
Deferred development fees, net of portion related to the Company's interest |  | (2,438 | ) |  |  | (2,562 | )
Amounts payable to the Company |  | 3,487 |  |  |  | 2,117 |
Investments in and Advances to Joint Ventures | $ | 399,218 |  |  | $ | 414,848 |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| Three Months |  |  | Six Months |
| Ended June 30, |  |  | Ended June 30, |
| 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from operations | $ | 133,066 |  |  | $ | 112,141 |  |  | $ | 270,666 |  |  | $ | 248,641 |
Expenses from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 48,414 |  |  |  | 39,195 |  |  |  | 99,396 |  |  |  | 87,002 |
Impairment charges |  | — |  |  |  | 600 |  |  |  | 448 |  |  |  | 600 |
Depreciation and amortization |  | 51,482 |  |  |  | 34,517 |  |  |  | 108,219 |  |  |  | 75,730 |
Interest expense |  | 33,593 |  |  |  | 41,787 |  |  |  | 74,496 |  |  |  | 91,844 |
Other (income) expense, net |  | 217 |  |  |  | (252 | ) |  |  | 584 |  |  |  | 2,790 |
|  | 133,706 |  |  |  | 115,847 |  |  |  | 283,143 |  |  |  | 257,966 |
Loss before tax expense and discontinued operations |  | (640 | ) |  |  | (3,706 | ) |  |  | (12,477 | ) |  |  | (9,325 | )
Income tax expense (primarily Sonae Sierra Brasil), net |  | — |  |  |  | (2,425 | ) |  |  | — |  |  |  | (6,565 | )
Loss from continuing operations |  | (640 | ) |  |  | (6,131 | ) |  |  | (12,477 | ) |  |  | (15,890 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  | — |  |  |  | (1,695 | ) |  |  | — |  |  |  | (4,187 | )
Gain on disposition of real estate, net of tax |  | — |  |  |  | 2,038 |  |  |  | — |  |  |  | 23,511 |
(Loss) income before gain on disposition of real estate, net |  | (640 | ) |  |  | (5,788 | ) |  |  | (12,477 | ) |  |  | 3,434 |
Loss on disposition of real estate, net |  | (1,358 | ) |  |  | — |  |  |  | (1,571 | ) |  |  | — |
Net (loss) income | $ | (1,998 | ) |  | $ | (5,788 | ) |  | $ | (14,048 | ) |  | $ | 3,434 |
Income attributable to non-controlling interests |  | — |  |  |  | (535 | ) |  |  | — |  |  |  | (2,023 | )
Net (loss) income attributable to unconsolidated joint ventures | $ | (1,998 | ) |  | $ | (6,323 | ) |  | $ | (14,048 | ) |  | $ | 1,411 |
Company's share of equity in net income of joint ventures(A) | $ | 1,317 |  |  | $ | 1,436 |  |  | $ | 1,070 |  |  | $ | 6,167 |
Basis differential adjustments(B) |  | 325 |  |  |  | (305 | ) |  |  | 633 |  |  |  | 454 |
Equity in net income of joint ventures(A) | $ | 1,642 |  |  | $ | 1,131 |  |  | $ | 1,703 |  |  | $ | 6,621 |
(A) | The Company did not record income or loss from those investments in which its investment basis was zero. As of March 13, 2015, the Company no longer had an interest in these assets.
(B) | The difference between the Company’s share of net income, as reported above, and the amounts included in the consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains and differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.
Service Fees and Income Earned by Company's Unconsolidated Joint Ventures | Service fees and income earned by the Company through management, financing, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions):
| Three Months |  |  | Six Months |
| Ended June 30, |  |  | Ended June 30, |
| 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Management and other fees | $ | 6.5 |  |  | $ | 6.2 |  |  | $ | 12.8 |  |  | $ | 12.3 |
Development fees and leasing commissions |  | 1.6 |  |  |  | 1.5 |  |  |  | 3.2 |  |  |  | 3.5 |
Interest income |  | 6.4 |  |  |  | 1.7 |  |  |  | 12.7 |  |  |  | 3.4 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the detailed components of other nonoperating income. May include methodology, assumptions and amounts for: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeByComponentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ddr_ScheduleOfEquityMethodInvestmentsAxis=ddr_UnconsolidatedJointVenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |