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Developers Diversified Realty 1Q FFO Improves
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CLEVELAND (AP) — Developers Diversified Realty Corp., a shopping center developer, said its first-quarter funds from operations improved mostly on a gain related to a notes repurchase.
The real estate investment trust said funds from operations available to common shareholders increased to $140 million, or $1.08 per share, compared with $96.3 million, or 80 cents per share, a year ago.
Excluding impairment charges, a gain from the notes buyback and other items, funds from operations were $85 million, or 66 cents per share. ...
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