SOURCE: Developers Diversified Realty

November 19, 2007 16:08 ET

Developers Diversified Realty Declares Fourth Quarter 2007 Common Share Dividend

CLEVELAND, OH--(Marketwire - November 19, 2007) - Developers Diversified (NYSE: DDR), the nation's leading owner, developer and manager of market-dominant shopping centers, declared its fourth quarter 2007 common share dividend of $0.66 per share, which is payable January 8, 2008 to shareholders of record at the close of business on December 21, 2007.

Developers Diversified owns and manages approximately 740 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, Russia, and Canada, totaling over 160 million square feet. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops and leases shopping centers. Additional information about Developers Diversified is available on the Internet at http://www.ddr.com.

Contact Information

  • Contact:
    William H. Schafer
    Executive Vice President and Chief Financial Officer
    Developers Diversified Realty
    216.755.5500