Developers Diversified Realty Declares Fourth Quarter 2010 Common Share Dividend

BEACHWOOD, Ohio, Nov. 15, 2010 /PRNewswire-FirstCall/ -- Developers Diversified Realty (NYSE: DDR) today declared its fourth quarter 2010 common stock dividend of $0.02 per share. The common dividend is payable January 5, 2011 to shareholders of record at the close of business on December 17, 2010.

Developers Diversified owns and manages approximately 590 retail operating and development properties in 41 states, Brazil, Canada and Puerto Rico. Totaling more than 134 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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