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Real estate industry

Developers Diversified Realty Declares First Quarter 2009 Preferred Stock Dividends

Strategic Insights

— 1 min read

Developers Diversified Realty, the nation's leading owner, developer, and manager of market-dominant shopping centers, declared its first quarter 2009 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share. These dividends cover the period from January 15, 2009 to April 14, 2009 and are payable on April 15, 2009 to shareholders of record at the close of business on April 1, 2009. The company owns and manages over 710 retail operating and development properties across 45 states, Puerto Rico, Brazil, and Canada, totaling more than 157 million square feet.

Key Takeaways:

  • Developers Diversified Realty declared a first quarter 2009 Preferred Class H stock dividend of $0.460938 per depositary share, covering the period from January 15, 2009 to April 14, 2009, and payable on April 15, 2009 to shareholders of record at the close of business on April 1, 2009.
  • The company also declared a Preferred Class I stock dividend of $0.46875 per depositary share, with the same payment dates.
  • Developers Diversified Realty owns and manages over 710 retail operating and development properties across 45 states, Puerto Rico, Brazil, and Canada.
  • The company's portfolio totals more than 157 million square feet.
  • Developers Diversified Realty is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company.
  • The company acquires, develops, leases, and manages shopping centers.

Statistics:

  • First quarter 2009 Preferred Class H stock dividend: $0.460938 per depositary share
  • First quarter 2009 Preferred Class I stock dividend: $0.46875 per depositary share
  • Number of retail operating and development properties: 710
  • States, Puerto Rico, Brazil, and Canada covered: 45 + 1 + 1 + 1
  • Total square footage: 157,000,000 square feet

Sources:

  • Developers Diversified Realty
  • Market Wire
  • Comtex News Network, Inc.

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