Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results of Operations (Unaudited) [Abstract]

Quarterly Results of Operations (Unaudited)

19.    Quarterly Results of Operations (Unaudited)

The following table sets forth the quarterly results of operations, as restated for discontinued operations, for the years ended December 31, 2011 and 2010 (in thousands, except per share amounts):

	First			Second			Third			Fourth			Total
2011
Revenues	$	189,383		$	186,926		$	187,233		$	190,391		$	753,933
Net income (loss) attributable to DDR		35,312			(13,383	)		(42,989	)		5,206	(A)		(15,854	)
Net income (loss) attributable to DDR common shareholders		24,745			(26,871	)		(49,956	)		(1,761	)(A)		(53,843	)
Basic:
Net income (loss) per common share attributable to DDR common shareholders	$	0.10		$	(0.10	)	$	(0.18	)	$	(0.01	)	$	(0.20	)
Weighted-average number of shares		255,966			274,299			274,639			274,718			270,278
Diluted:
Net income (loss) per common share attributable to DDR common shareholders	$	0.01		$	(0.10	)	$	(0.18	)	$	(0.01	)	$	(0.28	)
Weighted-average number of shares		262,581			274,299			274,639			274,718			271,472
2010
Revenues	$	188,082		$	184,866		$	184,332		$	189,082		$	746,362
Net loss attributable to DDR		(24,247	)		(86,575	)		(14,310	)		(84,226	)(A)		(209,358	)
Net loss attributable to DDR common shareholders		(34,814	)		(97,143	)		(24,877	)		(94,793	)(A)		(251,627	)
Basic:
Net loss per common share attributable to DDR common shareholders	$	(0.15	)	$	(0.39	)	$	(0.10	)	$	(0.37	)	$	(1.03	)
Weighted-average number of shares		227,133			248,533			249,139			253,872			244,712
Diluted:
Net loss per common share attributable to DDR common shareholders	$	(0.15	)	$	(0.47	)(B)	$	(0.10	)	$	(0.37	)	$	(1.03	)
Weighted-average number of shares		227,133			253,539			249,139			253,872			244,712

(A) Includes impairment charges of $47.4 million and $29.1 million for the three months ended December 31, 2011 and 2010, respectively, and an adjustment to the tax valuation allowance of $58.3 million (Note 16) for the three months ended December 31, 2010. In addition, the Company recorded an aggregate gain on sale of real estate, including discontinued operations, of $54.3 million (Note 12) for the three months ended December 31, 2011.

(B) For the three-month period ended June 30, 2010, the Company’s quarterly report on Form 10-Q excluded the dilutive effect of the warrants and thus overstated diluted EPS. Management has concluded that the impact on its diluted EPS resulting from this error was not material. The revision to the amounts above for the three-month period ended June 30, 2010, decreased previously reported diluted EPS by $0.08.