It’s nice to see a company like Developers Diversified turn in a good quarter.Net income came in at $76.8 million, up from $29.6 million during the same year-ago period. Plus, the REIT was able to generate some cash by disposing of seven centers for $67.4 million, and shareholders agreed to sell 30 million shares to the German Otto family, pulling in nearly $113 million,Plus, executives revealed that even though retailers are asking for rent reductions, they’re not honoring those requests at a rapid rate. This really surprises us: Of the 672 rent-relief requests the firm has gotten, management has only approved 20.But this brings us to another figure. DDR’s core portfolio is 90.7% leased, down from 95.6% the same period last year. If that number continues to rise, are rent reductions inevitable?

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