Business News

Developers Diversified Realty Declares Third Quarter 2008 Common Share Dividend

SOURCE:

Developers Diversified Realty

2008-08-19 13:59:00

CLEVELAND, OH–(EMWNews – August 19, 2008) – Developers Diversified Realty (NYSE: DDR),

the nation’s leading owner, developer and manager of market-dominant

shopping centers, declared its third quarter 2008 common stock dividend of

$0.69 per share. The common dividend is payable October 7, 2008 to

shareholders of record at the close of business on September 26, 2008.

Developers Diversified currently owns and manages over 730 retail operating

and development properties in 45 states, plus Puerto Rico, Brazil, Russia

and Canada, totaling over 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 which acquires,

develops, leases and manages shopping centers. Additional information

about Developers Diversified Realty is available on the Internet at

http://www.ddr.com.

Contact:
Michelle M. Dawson
Vice President of Investor Relations
Developers Diversified Realty
216.755.5455

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