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BEACHWOOD, OH-Developers Diversified Realty Corp. (DDR)’s Q3 2012 figures offered an increase in funds from operations (compared to Q3 2011), an increase in portfolio leased rate by 30 basis points to 94% and the acquisition of $251 million of prime assets.  Even with the positive figures, guidance for operating FFO remains between $1.00 and $1.04 per diluted share on the year.

Operating FFO stood at $83 million ($0.27 per share) for the quarter, which was, in the words of DDR’s senior executive vice president and CFO David John Oaks, slightly ahead of projections for 2012 and a 12.5% increase year over year. Net income for the quarter was $13.3 million – compared to a net loss of $50 million from the same period of time last year.

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