Developers Realty (NYSE:DDR)
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From Jul 2019 to Jul 2024
The National Association of Real Estate Investment
Trusts(R) (NAREIT) has announced the winners of its 2004 Annual Report
Contest. Developers Diversified Realty (NYSE:DDR) earned a Gold Award
in the Management's Discussion & Analysis category for the Large Cap
division, which includes companies with equity market capitalization
of more than $1.6 billion. This is the third consecutive year that
Developers Diversified has received an Annual Report award from
NAREIT.
In the Management's Discussion & Analysis category, applicants are
judged on their letter to shareholders, management's discussion and
analysis of financial performance, footnotes to financial data and
special disclosures pertaining to developments or occurrences during
the year. The awards are determined by a panel of 12 volunteer judges
from the NAREIT membership, including portfolio managers and industry
analysts. Approximately 40 large cap REITs entered this year's
competition.
According to Robert Valero, NAREIT's Vice President of Investor
Relations, "The judges were impressed by Developers Diversified
Realty's thorough discussion of all facets of business, its excellent
disclosure on joint venture activity, its clear shareholder letter and
the data included for analysis."
This is the third straight year that Developers Diversified Realty
has been honored with a Gold Award for Management's Discussion &
Analysis. The Company also received a Bronze Award for Presentation &
Design for 2003 and a Gold Award for Presentation & Design for 2002.
"We are honored to receive this recognition from industry
experts," said Scott Wolstein, Developers Diversified's Chairman and
Chief Executive Officer. "Achieving this award for Management's
Discussion & Analysis is a testament to our commitment to transparency
and the importance of comprehensive but clear disclosure."
Developers Diversified Realty's current ISS corporate governance
ranking is 93.2 with an Industry Index rating of 96.8. The ISS ranking
indicates that Developers Diversified Realty outperformed 96.8% of the
companies in the Russell 3000 Index and 93.2% of the companies in the
Real Estate Group.
NAREIT is the representative voice for U.S. REITs and publicly
traded real estate companies worldwide. Members are real estate
investment trusts and other businesses that own, operate and finance
income-producing real estate, as well as those firms and individuals
who advise, study and service those businesses. More information is
available at http://www.nareit.com.
Developers Diversified Realty is the nation's leading owner,
developer and manager of market-dominant community centers. Developers
Diversified currently owns and manages over 470 operating and
development properties totaling approximately 109 million square feet
of real estate in 44 states and Puerto Rico. Developers Diversified is
a self-administered and managed real estate investment trust (REIT)
operating as a fully integrated real estate company which acquires,
develops and manages shopping centers. Additional information about
Developers Diversified is available on the Internet at
http://www.ddr.com.