DDR Declares Second Quarter 2011 Common Share Dividend

BEACHWOOD, Ohio, May 19, 2011 /PRNewswire/ -- Developers Diversified Realty Corporation (NYSE: DDR) today declared its second quarter 2011 common stock dividend of $0.04 per share. The common dividend is payable July 6, 2011 to shareholders of record at the close of business on June 20, 2011.

DDR owns and manages approximately 520 retail properties in 41 states, Brazil, Canada and Puerto Rico, totaling approximately 127 million square feet.  The Company's prime portfolio features open-air, value-oriented shopping centers in high barrier-to-entry markets with stable populations and high growth potential. DDR is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls primarily clustered around Sao Paulo, Brazil. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company. Additional information about the Company is available on the Internet at www.ddr.com.

DDR – Financial

SOURCE Developers Diversified Realty Corporation