It should be interesting to see how DDR trades over the next few days based on the information in last night's press release.
The FFO guidance for 2010 is lower than I projected, but I assume the company is being extra conservative.
I think the good news is that the company stated they have $36M in mortgage debt and $329M of unsecured debt maturing in 2010. They also state that they have $530M available on their revolving credit facility, so one way or another they will be able to service this debt easily this year. A year ago they had nearly a $1B of debt maturing in 2010 and many people believed they might be forced into bankruptcy.
The keys to 2010 will be filling their vacant space, controlling costs and continuing to work on lowering their Debt levels.
I noticed on DDRs website that they're rolling out a Roadshow in NYC and Boston next week, on top of a number of conferences they're attending this week and next. I guess that's why they put out the press release last night, so they could talk about 2010 in more detail with investors.
you're grasping at straws, fergie. this economy is deteriorating, not improving. go to shadowstats.org and look at the real numbers without government/media massaging.
moreover, take a look at this, big boy...yeah, it is time to buy stocks.....
do yourself a favor....put in some stops before you lose it all. i'm not kidding.
I'm filling out the rest of my position today on the pullback from JPM's earnings. Credit card delinquincies are finally starting to show real improvement in the 4th quarter. Master Trust data for the banks showed delinqunicies were down again, making this the 6th month in a row where delinquincies have declined. That should continue to improve through the first half of 2010.