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CLEVELAND-Developers Diversified Realty said during a Q2 conference call report Tuesday that retailers are succeeding despite grumpy consumer demand, and therefore malls are doing better than expected. The company posted an FFO loss, but said same-store NOI was up 1.5% for the quarter.

The FFO loss for Q2 2010 was $32.8 million, or 13 cents per share, compared to a loss of $166.5 million, or $1.15 per share a year ago. The net loss for the quarter was $97.1 million, or 39 cents per share, compared to a net loss of $237.2 million, or $1.64 per share, in Q2 2009.

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