SOURCE: Developers Diversified Realty

May 17, 2005 08:25 ET

Developers Diversified Realty Declares Second Quarter 2005 Common Share Dividend

CLEVELAND, OH -- (MARKET WIRE) -- May 17, 2005 -- Developers Diversified Realty (NYSE: DDR) today declared its second quarter 2005 common share dividend of $0.54 per share, which is payable on July 5, 2005, to shareholders of record at the close of business on June 20, 2005.

Developers Diversified Realty Corporation currently owns and manages over 470 operating and development properties totaling approximately 109 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