$7.91
-0.14 (-1.74%)
Developers Diversified Realty Corp. (DDR)
CAPS Rating:
The Company is in the business of acquiring, developing, redeveloping, owning, leasing and managing shopping centers.
The Company is in the business of acquiring, developing, redeveloping, owning, leasing and managing shopping centers.
Recs
Asset sales and cost cutting activity in the last two months, but the stock price keeps dropping, which suggests that they are not bailing out the boat fast enough. I suspect vacancy rates will rise and some tenants will go bankrupt causing further problems with revenue. Uncertain if their cash position is strong enough to weather this financial storm.