XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues from operations:        
Minimum rents $ 164,623 $ 178,064 $ 331,852 $ 355,431
Percentage and overage rents 1,823 1,654 3,522 3,590
Recoveries from tenants 55,633 61,376 113,109 122,975
Fee and other income 14,108 16,227 28,125 29,748
Total revenue from operations 236,187 257,321 476,608 511,744
Rental operation expenses:        
Operating and maintenance 32,150 35,330 65,141 72,588
Real estate taxes 33,744 36,534 68,073 72,318
Impairment charges 28,096 0 50,069 0
General and administrative 22,756 18,499 53,828 36,375
Depreciation and amortization 90,276 97,698 181,160 194,600
Total rental operation expenses 207,022 188,061 418,271 375,881
Other income (expense):        
Interest income 7,166 9,446 15,558 18,496
Interest expense (48,908) (54,012) (100,735) (111,909)
Other income (expense), net (954) 2,081 (958) 3,854
Total other income (expense) (42,696) (42,485) (86,135) (89,559)
(Loss) income before earnings from equity method investments and other items (13,531) 26,775 (27,798) 46,304
Equity in net (loss) income of joint ventures (717) 1,117 (2,382) 15,538
Reserve of preferred equity interests 0   (76,000) 0
(Loss) income before tax expense (14,248) 27,892 (106,180) 61,842
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (473) (245) (696) (703)
(Loss) income from continuing operations (14,721) 27,647 (106,876) 61,139
Gain on disposition of real estate, net 44,599 13,721 82,726 26,102
Net income (loss) 29,878 41,368 (24,150) 87,241
Income attributable to non-controlling interests, net (267) (310) (480) (610)
Net income (loss) attributable to DDR 29,611 41,058 (24,630) 86,631
Preferred dividends (6,399) (5,594) (11,993) (11,188)
Net income (loss) attributable to common shareholders $ 23,212 $ 35,464 $ (36,623) $ 75,443
Per share data:        
Basic $ 0.06 $ 0.10 $ (0.10) $ 0.21
Diluted $ 0.06 $ 0.10 $ (0.10) $ 0.21