SOURCE: Developers Diversified Realty

November 15, 2005 08:01 ET

Developers Diversified Declares Quarterly Class F and Class G Preferred Share Dividends

CLEVELAND, OH -- (MARKET WIRE) -- November 15, 2005 -- Developers Diversified Realty (NYSE: DDR) announced today the declaration of its fourth quarter 2005 Preferred Class F and Preferred Class G stock dividends.

Fourth Quarter 2005 Preferred Class F Stock Dividend: $0.5375 per depository share

Each Class F Depositary Share is equal to one tenth of a share of Developers Diversified's 8.60% Class F Cumulative Redeemable Preferred Stock. This dividend covers the period beginning on September 15, 2005 and ending on December 14, 2005. The declared Preferred Class F Dividend is payable December 15, 2005 to shareholders of record at the close of business on December 1, 2005.

Fourth Quarter 2005 Preferred Class G Stock Dividend: $0.5000 per depository share

Each Class G Depositary Share is equal to one tenth of a share of Developers Diversified's 8.00% Class G Cumulative Redeemable Preferred Stock. This dividend covers the period beginning on September 15, 2005 and ending on December 14, 2005. The declared Preferred Class F Dividend is payable December 15, 2005 to shareholders of record at the close of business on December 1, 2005.

Developers Diversified currently owns and manages approximately 500 operating and development properties totaling approximately 113 million square feet of real estate in 44 states and Puerto Rico. Developers Diversified is a self-administered and managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops, leases and manages shopping centers. Additional information about Developers Diversified is available on the Internet at http://www.ddr.com.

Contact Information

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