SOURCE: Developers Diversified Realty

November 15, 2005 08:01 ET

Developers Diversified Realty Declares Fourth Quarter 2005 Common Share Dividend

CLEVELAND, OH -- (MARKET WIRE) -- November 15, 2005 -- Developers Diversified Realty (NYSE: DDR) today declared its fourth quarter 2005 common share dividend of $0.54 per share, which is payable on January 6, 2006 to shareholders of record at the close of business on December 23, 2005.

Developers Diversified currently owns and manages approximately 500 retail 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