XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues from operations:        
Minimum rents $ 141,678 $ 164,623 $ 288,565 $ 331,852
Percentage and overage rents 1,453 1,823 3,261 3,522
Recoveries from tenants 50,558 55,633 101,912 113,109
Fee and other income 14,727 14,108 27,746 28,125
Business interruption income 3,100 0 5,100 0
Total revenue from operations 211,516 236,187 426,584 476,608
Rental operation expenses:        
Operating and maintenance 31,149 32,150 60,906 65,141
Real estate taxes 30,478 33,744 62,501 68,073
Impairment charges 18,060 28,096 48,504 50,069
Hurricane property loss 224 0 974 0
General and administrative 20,187 22,756 36,302 53,828
Depreciation and amortization 72,462 90,276 146,886 181,160
Total rental operation expenses 172,560 207,022 356,073 418,271
Other income (expense):        
Interest income 5,016 7,166 10,357 15,558
Interest expense (44,913) (48,908) (88,953) (100,735)
Other income (expense), net (36,255) (954) (97,862) (958)
Total other income (expense) (76,152) (42,696) (176,458) (86,135)
Loss before earnings from equity method investments and other items (37,196) (13,531) (105,947) (27,798)
Equity in net income (loss) of joint ventures 3,821 (717) 12,607 (2,382)
Adjustment (reserve) of preferred equity interests, net 1,625 0 (2,336) (76,000)
Loss before tax expense (31,750) (14,248) (95,676) (106,180)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (391) (473) (373) (696)
Loss from continuing operations (32,141) (14,721) (96,049) (106,876)
Gain on disposition of real estate, net 29,508 44,599 39,519 82,726
Net (loss) income (2,633) 29,878 (56,530) (24,150)
Income attributable to non-controlling interests, net (696) (267) (952) (480)
Net (loss) income attributable to DDR (3,329) 29,611 (57,482) (24,630)
Preferred dividends (8,383) (6,399) (16,766) (11,993)
Net (loss) income attributable to common shareholders $ (11,712) $ 23,212 $ (74,248) $ (36,623)
Per share data:        
Basic $ (0.07) $ 0.13 $ (0.41) $ (0.20)
Diluted $ (0.07) $ 0.13 $ (0.41) $ (0.20)