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BEACHWOOD, OH-Improved quarter-to-quarter success by Developers Diversified Realty Corp. shows that retail wasn’t as affected by the recent slight dip in overall commercial real estate leasing. The company has reported that the third quarter funds from operations for common shareholders were at $32.7 million, a far cry from a loss of $90.1 million as reported by the firm in Q3 2009.

The company had other good news, including a record 503 total leases signed in the third quarter, for 2.9 million square feet. Same store net operating income growth was at 2% in the quarter, compared to a decrease of 4.1% in Q3 2009. The company ended the third quarter with 590 retail properties in 41 states, Brazil, Canada and Puerto Rico, totaling 134 million square feet.

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