$SITC
SITE Centers Corp.

2013 Q1 Form 10-Q Financial Statement

#000119312513212597 Filed on May 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $188.9M $182.8M
YoY Change 3.37% -2.91%
Cost Of Revenue $57.70M $57.10M
YoY Change 1.05% -3.55%
Gross Profit $141.5M $131.5M
YoY Change 7.6% 1.0%
Gross Profit Margin 74.9% 71.95%
Selling, General & Admin $19.80M $19.00M
YoY Change 4.21% -35.37%
% of Gross Profit 13.99% 14.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.60M $58.10M
YoY Change 12.91% 11.3%
% of Gross Profit 46.36% 44.18%
Operating Expenses $143.7M $137.0M
YoY Change 4.89% 68.13%
Operating Profit $142.2M $131.3M
YoY Change 8.3% 169.71%
Interest Expense $52.44M $55.52M
YoY Change -5.54% -794.01%
% of Operating Profit 36.87% 42.27%
Other Income/Expense, Net -$47.47M -$60.88M
YoY Change -22.04%
Pretax Income $12.06M $361.0K
YoY Change 3241.55% -99.05%
Income Tax $361.0K $177.0K
% Of Pretax Income 2.99% 49.03%
Net Earnings $6.303M -$15.06M
YoY Change -141.86% -142.64%
Net Earnings / Revenue 3.34% -8.24%
Basic Earnings Per Share $0.00 -$0.08
Diluted Earnings Per Share $0.00 -$0.08
COMMON SHARES
Basic Shares Outstanding 313.2M 275.2M shares
Diluted Shares Outstanding 313.9M 275.2M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.00M $16.00M
YoY Change 18.75% -23.81%
Cash & Equivalents $18.87M $16.09M
Short-Term Investments
Other Short-Term Assets $25.00M $14.00M
YoY Change 78.57% 16.67%
Inventory
Prepaid Expenses
Receivables $114.0M $105.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $158.0M $135.0M
YoY Change 17.04% -7.53%
LONG-TERM ASSETS
Property, Plant & Equipment $6.985B $6.686B
YoY Change 4.47% -4.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $617.0M $364.0M
YoY Change 69.51% -9.68%
Other Assets $71.00M $75.00M
YoY Change -5.33% 33.93%
Total Long-Term Assets $7.904B $7.277B
YoY Change 8.61% -4.7%
TOTAL ASSETS
Total Short-Term Assets $158.0M $135.0M
Total Long-Term Assets $7.904B $7.277B
Total Assets $8.062B $7.412B
YoY Change 8.77% -4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $290.0M $211.0M
YoY Change 37.44% 75.83%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $340.0M $251.0M
YoY Change 35.46% 81.88%
LONG-TERM LIABILITIES
Long-Term Debt $4.354B $4.137B
YoY Change 5.25% -3.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.354B $4.137B
YoY Change 5.25% -5.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $340.0M $251.0M
Total Long-Term Liabilities $4.354B $4.137B
Total Liabilities $4.694B $4.415B
YoY Change 6.32% -2.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $31.75M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.45M
YoY Change
Treasury Stock Shares 799.7K shares
Shareholders Equity $3.344B $2.997B
YoY Change
Total Liabilities & Shareholders Equity $8.062B $7.412B
YoY Change 8.77% -4.75%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $6.303M -$15.06M
YoY Change -141.86% -142.64%
Depreciation, Depletion And Amortization $65.60M $58.10M
YoY Change 12.91% 11.3%
Cash From Operating Activities $53.30M $33.86M
YoY Change 57.41% -41.22%
INVESTING ACTIVITIES
Capital Expenditures -$133.7M -$83.80M
YoY Change 59.55% 94.43%
Acquisitions
YoY Change
Other Investing Activities $45.90M $19.10M
YoY Change 140.31% -51.77%
Cash From Investing Activities -$87.83M -$64.71M
YoY Change 35.72% 1748.86%
FINANCING ACTIVITIES
Cash Dividend Paid $44.21M $29.13M
YoY Change 51.78%
Common Stock Issuance & Retirement, Net -$37.13M $1.548M
YoY Change -2498.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.25M 6.184M
YoY Change 259.86% -111.76%
NET CHANGE
Cash From Operating Activities 53.30M 33.86M
Cash From Investing Activities -87.83M -64.71M
Cash From Financing Activities 22.25M 6.184M
Net Change In Cash -12.28M -24.67M
YoY Change -50.24% -1744.53%
FREE CASH FLOW
Cash From Operating Activities $53.30M $33.86M
Capital Expenditures -$133.7M -$83.80M
Free Cash Flow $187.0M $117.7M
YoY Change 58.93% 16.84%

Facts In Submission

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3 Segment
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
17067000
CY2013Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
11453000
CY2013Q1 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
11310000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1667000
CY2013Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
277000
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
313231000 shares
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5993000
CY2013Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
142312000
CY2013Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
144596000
CY2013Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1048000
CY2013Q1 us-gaap Dividends Common Stock
DividendsCommonStock
42784000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3539000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2013Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1917000
CY2013Q1 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
500000
CY2013Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
6303000
CY2013Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-49918000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-59000
CY2013Q1 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
2300000 shares
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6241000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2013Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1872000
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2244000
CY2013Q1 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
Not less than $500 million
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
367000
CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-27000
CY2013Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
210837000
CY2013Q1 ddr Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
75021000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19760000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22254000
CY2013Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7030000
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2060000
CY2013Q1 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0
CY2013Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
601000
CY2013Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
39374000
CY2013Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2954000
CY2013Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
191000
CY2013Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
37659000
CY2013Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4068000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10092000
CY2013Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
47240000
CY2013Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
43160000
CY2013Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
777000
CY2013Q1 us-gaap Percentage Rent
PercentageRent
1784000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
157265000
CY2013Q1 us-gaap Tenant Reimbursements
TenantReimbursements
47390000
CY2013Q1 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
94000
CY2013Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
1558000
CY2013Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
44210000
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
191000
CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
40000000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-727000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000
CY2013Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0
CY2013Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
19500000
CY2013Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7030000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6608000
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
39374000
CY2013Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1101000
CY2013Q1 ddr Number Of Mortgage Loans On Real Estate Related To Loan Loss Reserve
NumberOfMortgageLoansOnRealEstateRelatedToLoanLossReserve
1
CY2013Q1 ddr Number Of Existing Retail Properties
NumberOfExistingRetailProperties
10 Property
CY2013Q1 ddr Stock Vested During Period Value Restricted Stock Award
StockVestedDuringPeriodValueRestrictedStockAward
427000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10033000
CY2013Q1 us-gaap Equity Issuance Per Share Amount
EquityIssuancePerShareAmount
17.57
CY2013Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates in Preparation of Financial Statements</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates.</font></p> </div>
CY2013Q1 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5
CY2013Q1 us-gaap Interest Expense
InterestExpense
54894000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3789000
CY2013Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2013Q1 ddr Mortgage Loan On Real Estate Maturity Date
MortgageLoanOnRealEstateMaturityDate
September 2011
CY2013Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
94000
CY2013Q1 us-gaap Mortgage Loans On Real Estate Write Down Or Reserve Amount
MortgageLoansOnRealEstateWriteDownOrReserveAmount
4300000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53296000
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1754000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.00
CY2013Q1 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-291000
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
310000
CY2013Q1 ddr Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
209000
CY2013Q1 ddr Operating Expense
OperatingExpense
68525000
CY2013Q1 ddr Employee Service Share Based Compensation Unrecognized Compensation Costs
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCosts
8700000
CY2013Q1 ddr Other Miscellaneous
OtherMiscellaneous
100000
CY2013Q1 ddr Disposal Group Including Discontinued Operation Expenses
DisposalGroupIncludingDiscontinuedOperationExpenses
1068000
CY2013Q1 ddr Number Of Properties Sold
NumberOfPropertiesSold
7 Property
CY2013Q1 ddr Repayments Of Advances To Joint Venture Advances Net
RepaymentsOfAdvancesToJointVentureAdvancesNet
0
CY2013Q1 ddr Real Estate Developed Or Acquired Net Of Liabilities Assumed
RealEstateDevelopedOrAcquiredNetOfLiabilitiesAssumed
133743000
CY2013Q1 ddr Mortgage Loans On Real Estate Accretion Of Discount
MortgageLoansOnRealEstateAccretionOfDiscount
214000
CY2013Q1 ddr Mortgage Loans On Real Estate Interest
MortgageLoansOnRealEstateInterest
123000
CY2013Q1 ddr Net Loss Income Attributable To Common Shareholders After Allocation To Participating Securities
NetLossIncomeAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-1091000
CY2013Q1 ddr Ancillary And Other Property Income
AncillaryAndOtherPropertyIncome
5700000
CY2013Q1 ddr Basic Loss Income From Continuing Operations
BasicLossIncomeFromContinuingOperations
-1401000
CY2013Q1 ddr Basic Loss Income From Continuing Operations Attributable To Common Shareholders
BasicLossIncomeFromContinuingOperationsAttributableToCommonShareholders
-1037000
CY2013Q1 ddr Assets Marketed For Sale
AssetsMarketedForSale
6900000
CY2013Q1 ddr Earnings Attributable To Unvested Shares And Operating Partnership Units
EarningsAttributableToUnvestedSharesAndOperatingPartnershipUnits
364000
CY2013Q1 ddr Diluted Loss Income From Continuing Operations
DilutedLossIncomeFromContinuingOperations
1401000
CY2013Q1 ddr Diluted Net Loss From Discontinued Operations Attributable To Common Shareholders After Allocation To Participating Securities
DilutedNetLossFromDiscontinuedOperationsAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-1091000
CY2013Q1 ddr Management Development And Other Fee Income
ManagementDevelopmentAndOtherFeeIncome
10800000
CY2013Q1 ddr Impairment Charges Including Investments
ImpairmentChargesIncludingInvestments
7700000
CY2013Q1 ddr Impairments Sold Assets Or Assets Held For Sale In Discontinued Operations
ImpairmentsSoldAssetsOrAssetsHeldForSaleInDiscontinuedOperations
800000
CY2013Q1 ddr Impairment Charge
ImpairmentCharge
753000
CY2013Q1 ddr Quantitative Threshold Of Revenues Profit Or Loss And Assets For Identifying Reportable Segments
QuantitativeThresholdOfRevenuesProfitOrLossAndAssetsForIdentifyingReportableSegments
0.10 pure
CY2013Q1 ddr Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestPercentage
0.20 pure
CY2013Q1 ddr Income Loss From Discontinued Operations Available To Common Stockholders Basic
IncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
310000
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.120
CY2012Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1447000
CY2013Q1 ddr New Mortgage Loans
NewMortgageLoans
0
CY2013Q1 ddr Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3671000
CY2013Q1 ddr Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment After Reclassification Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentAfterReclassificationNetOfTax
1917000
CY2013Q1 ddr Other Comprehensive Income Loss Reclassification Adjustment From Accumulated Other Comprehensive Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeNetOfTax
118000
CY2013Q1 ddr Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment From Accumulated Other Comprehensive Income Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentFromAccumulatedOtherComprehensiveIncomeNetOfTax
0
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1602000
CY2012Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1541000
CY2012Q1 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
-15546000
CY2012Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
24844000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.06
CY2012Q1 us-gaap Profit Loss
ProfitLoss
-14881000
CY2012Q1 us-gaap Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
665000
CY2012Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
17114000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64710000
CY2012Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1841000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2012Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
18395000
CY2012Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0
CY2012Q1 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
0
CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4127000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7327000
CY2012Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
323000
CY2012Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
6553000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
1367000
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
275214000 shares
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
673000
CY2012Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
32851000
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58779000
CY2012Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
53000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-24668000
CY2012Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
75000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
131348000
CY2012Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
128279000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5446000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2012Q1 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
500000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-15057000
CY2012Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-60884000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
499000
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
184000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2012Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
560000
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
190584000
CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
29128000
CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
176000
CY2012Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2971000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2943000
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19012000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6184000
CY2012Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6967000
CY2012Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
176000
CY2012Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
353506000
CY2012Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2258000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9934000
CY2012Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
52360000
CY2012Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-67898000
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
6157000
CY2012Q1 us-gaap Percentage Rent
PercentageRent
1414000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
137027000
CY2012Q1 us-gaap Tenant Reimbursements
TenantReimbursements
42496000
CY2012Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
2801000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
177000
CY2012Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-450000
CY2012Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
70000
CY2012Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8248000
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22024000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3200000
CY2012Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
187670000
CY2012Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6967000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
361000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-9435000
CY2012Q1 us-gaap Interest Expense
InterestExpense
55521000
CY2012Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5602000
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-101000
CY2012Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3749000
CY2012Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
93000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33858000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1266000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-15800000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-15730000
CY2012Q1 ddr Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
1817000
CY2012Q1 ddr Operating Expense
OperatingExpense
59236000
CY2012Q1 ddr Disposal Group Including Discontinued Operation Expenses
DisposalGroupIncludingDiscontinuedOperationExpenses
21957000
CY2012Q1 ddr Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
80312000
CY2012Q1 ddr Repayments Of Advances To Joint Venture Advances Net
RepaymentsOfAdvancesToJointVentureAdvancesNet
25000
CY2012Q1 ddr Real Estate Developed Or Acquired Net Of Liabilities Assumed
RealEstateDevelopedOrAcquiredNetOfLiabilitiesAssumed
83797000
CY2012Q1 ddr Ancillary And Other Property Income
AncillaryAndOtherPropertyIncome
6100000
CY2012Q1 ddr Basic Loss Income From Continuing Operations
BasicLossIncomeFromContinuingOperations
-6586000
CY2012Q1 ddr Basic Loss Income From Continuing Operations Attributable To Common Shareholders
BasicLossIncomeFromContinuingOperationsAttributableToCommonShareholders
-6294000
CY2012Q1 ddr Mortgage Loans On Real Estate Accretion Of Discount
MortgageLoansOnRealEstateAccretionOfDiscount
202000
CY2012Q1 ddr Other Miscellaneous
OtherMiscellaneous
100000
CY2012Q1 ddr Mortgage Loans On Real Estate Interest
MortgageLoansOnRealEstateInterest
793000
CY2012Q1 ddr Net Loss Income Attributable To Common Shareholders After Allocation To Participating Securities
NetLossIncomeAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-22316000
CY2012Q1 ddr Impairment Charges Including Investments
ImpairmentChargesIncludingInvestments
17900000
CY2012Q1 ddr Assets Marketed For Sale
AssetsMarketedForSale
1500000
CY2012Q1 ddr Earnings Attributable To Unvested Shares And Operating Partnership Units
EarningsAttributableToUnvestedSharesAndOperatingPartnershipUnits
292000
CY2012Q1 ddr Diluted Loss Income From Continuing Operations
DilutedLossIncomeFromContinuingOperations
6586000
CY2012Q1 ddr Diluted Net Loss From Discontinued Operations Attributable To Common Shareholders After Allocation To Participating Securities
DilutedNetLossFromDiscontinuedOperationsAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-22316000
CY2012Q1 ddr Management Development And Other Fee Income
ManagementDevelopmentAndOtherFeeIncome
11700000
CY2012Q1 ddr Impairments Sold Assets Or Assets Held For Sale In Discontinued Operations
ImpairmentsSoldAssetsOrAssetsHeldForSaleInDiscontinuedOperations
15800000
CY2012Q1 ddr Impairment Charge
ImpairmentCharge
15830000
CY2012Q1 ddr Income Loss From Discontinued Operations Available To Common Stockholders Basic
IncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
-15730000
CY2012Q1 ddr New Mortgage Loans
NewMortgageLoans
75000

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