Developers Diversified Declares Second Quarter 2010 Common Share Dividend

CLEVELAND, May 17 /PRNewswire-FirstCall/ -- Developers Diversified Realty Corporation (NYSE: DDR) today declared its second quarter 2010 common stock dividend of $0.02 per share. The common dividend is payable July 7, 2010 to shareholders of record at the close of business on June 21, 2010.

Developers Diversified owns and manages approximately 640 retail operating and development properties in 44 states, Brazil, Canada and Puerto Rico. Totaling more than 140 million square feet, the Company's shopping center portfolio features open-air, value-oriented neighborhood and community centers, mixed-use centers and lifestyle centers located in prime markets with stable populations and high-growth potential. Developers Diversified is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls in and around Sao Paulo, Brazil. Developers Diversified 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.

SOURCE Developers Diversified Realty Corporation

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