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DEVELOPERS RLTY, (DDR) Stock Research Free Stock Rating
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Developers Diversified Realty Corporation (DDRC) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers and business centers. As of July 5, 2005, it owned or managed approximately 470 retail properties in 44 states and Puerto Rico. The company has elected to be taxed as a REIT under Sections 856-860 of the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of taxable income to its shareholders. DDRC was organized in 1992 and is headquartered in Beachwood, Ohio.
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