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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
Reconciliation of net income loss from continuing operations and number of common shares used in computations of "Basic" EPS and "Diluted" EPS

                                 
   

Three-Month Periods

Ended September 30,

   

Nine-Month Periods

Ended September 30,

 
    2011     2010     2011     2010  

Basic Earnings:

                       

Continuing Operations:

                       

Loss from continuing operations

  $ (48,043   $ (12,598   $ (10,952   $ (70,202

Plus: Gain on disposition of real estate

    6,587       145       8,036       61  

Plus: Income (loss) attributable to non-controlling interests

    3,693       (108     3,512       12,088  
   

 

 

   

 

 

   

 

 

   

 

 

 

(Loss) income from continuing operations attributable to DDR

    (37,763     (12,561     596       (58,053

Write-off of original preferred share issuance costs

    —         —         (6,402     —    

Preferred dividends

    (6,967     (10,567     (24,620     (31,702
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic — Loss from continuing operations attributable to DDR common shareholders

    (44,730     (23,128     (30,426     (89,755

Less: Earnings attributable to unvested shares and operating partnership units

    (152     (46     (361     (138
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic — Loss from continuing operations

  $ (44,882   $ (23,174   $ (30,787   $ (89,893

Discontinued Operations:

                       

Loss from discontinued operations

    (5,226     (3,307     (21,656     (93,371

Plus: Loss attributable to non-controlling interests

    —         1,558       —         26,292  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic — Loss from discontinued operations

    (5,226     (1,749     (21,656     (67,079

Basic — Net loss attributable to DDR common shareholders after allocation to participating securities

  $ (50,108   $ (24,923   $ (52,443   $ (156,972
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Earnings:

                       

Continuing Operations:

                       

Basic — Loss from continuing operations attributable to DDR common shareholders

  $ (44,730   $ (23,128   $ (30,426   $ (89,755

Less: Earnings attributable to unvested shares and operating partnership units

    (152     (46     (361     (138
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted — Loss from continuing operations

    (44,882     (23,174     (30,787     (89,893

Discontinued Operations:

                       

Basic — Loss from discontinued operations

    (5,226     (1,749     (21,656     (67,079
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted—Net loss attributable to DDR common shareholders after allocation to participating securities

  $ (50,108   $ (24,923   $ (52,443   $ (156,972
   

 

 

   

 

 

   

 

 

   

 

 

 

Number of Shares:

                       

Basic and diluted — Average shares outstanding

    274,639       249,139       268,270       241,679  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic Earnings Per Share:

                       

Loss from continuing operations attributable to DDR common shareholders

  $ (0.16   $ (0.09   $ (0.12   $ (0.37

Loss from discontinued operations attributable to DDR common shareholders

    (0.02     (0.01     (0.08     (0.28
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to DDR common shareholders

  $ (0.18   $ (0.10   $ (0.20   $ (0.65
   

 

 

   

 

 

   

 

 

   

 

 

 

Dilutive Earnings Per Share:

                       

Loss from continuing operations attributable to DDR common shareholders

  $ (0.16   $ (0.09   $ (0.12   $ (0.37

Loss from discontinued operations attributable to DDR common shareholders

    (0.02     (0.01     (0.08     (0.28
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to DDR common shareholders

  $ (0.18   $ (0.10   $ (0.20   $ (0.65