XML 64 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues from operations:        
Minimum rents $ 179,363 $ 169,395 $ 360,060 $ 335,582
Percentage and overage rents 1,372 624 2,757 2,265
Recoveries from tenants 62,021 56,031 126,101 113,831
Fee and other income 14,567 15,990 27,230 31,874
Total revenue from operations 257,323 242,040 516,148 483,552
Rental operation expenses:        
Operating and maintenance 36,029 33,990 74,755 70,577
Real estate taxes 37,797 35,085 75,426 69,061
Impairment charges 0 14,342 279,021 16,671
General and administrative 19,271 19,085 37,866 39,338
Depreciation and amortization 99,300 95,203 202,315 198,823
Total rental operation expenses 192,397 197,705 669,383 394,470
Other income (expense):        
Interest income 7,211 3,158 14,372 6,286
Interest expense (61,287) (59,634) (124,307) (119,332)
Other income (expense), net 2,368 (4,100) (1,060) (8,283)
Total other income (expense) (51,708) (60,576) (110,995) (121,329)
Income (loss) before earnings from equity method investments and other items 13,218 (16,241) (264,230) (32,247)
Equity in net income of joint ventures 1,642 1,131 1,703 6,621
Impairment of joint venture investments 0 0 0 (9,100)
(Loss) gain on sale and change in control of interests, net (6,507) 83,830 7,772 83,830
(Loss) income before tax expense of taxable REIT subsidiaries and state franchise and income taxes 8,353 68,720 (254,755) 49,104
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (573) (642) (5,473) (1,327)
(Loss) income from continuing operations 7,780 68,078 (260,228) 47,777
Income from discontinued operations 0 7,345 0 10,357
(Loss) income before gain on disposition of real estate 7,780 75,423 (260,228) 58,134
Gain on disposition of real estate, net of tax 11,267 1,472 36,361 383
Net (loss) income 19,047 76,895 (223,867) 58,517
(Income) loss attributable to non-controlling interests, net (449) (878) (1,322) 860
Net (loss) income attributable to DDR 18,598 76,017 (225,189) 59,377
Write-off of preferred share original issuance costs 0 (1,943) 0 (1,943)
Preferred dividends (5,594) (6,259) (11,188) (12,867)
Net (loss) income attributable to common shareholders $ 13,004 $ 67,815 $ (236,377) $ 44,567
Basic earnings per share data:        
Income (loss) from continuing operations attributable to common shareholders $ 0.03 $ 0.17 $ (0.66) $ 0.09
Income from discontinued operations attributable to common shareholders 0 0.02 0 0.03
Net income (loss) attributable to common shareholders 0.03 0.19 (0.66) 0.12
Diluted earnings per share data:        
Income (loss) from continuing operations attributable to common shareholders 0.03 0.17 (0.66) 0.09
Income from discontinued operations attributable to common shareholders 0 0.02 0 0.03
Net income (loss) attributable to common shareholders $ 0.03 $ 0.19 $ (0.66) $ 0.12