Tuesday, July 24, 2007

UPDATE 1-Developers Diversified second-qtr FFO rises

(Reuters) - Developers Diversified, which owns shopping centers
dominated by big box and discount department stores, reported
second-quarter FFO available to shareholders -- a real estate
investment trust performance measure -- of $159.3 million, or
$1.26 per share, versus $109.8 million, or 99 cents per share.




The most recent quarter's result beat analysts' average
estimate calling for FFO of $1.17 per share, according to
Reuters Estimates.


Read more at Reuters.com Market News

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