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DDR Corp (DDR) Files 10-K for the Fiscal Year Ended on December 31, 2017

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DDR Corp (DDR) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. DDR Corp is a real estate investment trust engaged in the business of acquiring, owning, developing, expanding, leasing, financing and managing shopping centers. It owns and manages more than 100 million total square feet of gross leasable area. DDR Corp has a market cap of $2.96 billion; its shares were traded at around $8.03 with and P/S ratio of 3.12. The dividend yield of DDR Corp stocks is 9.45%.

For the last quarter DDR Corp reported a revenue of $209.4 million, compared with the revenue of $240.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $887.9 million, a decrease of 11.7% from the previous year. For the last five years DDR Corp had an average revenue growth rate of 5.2% a year.

The reported loss per diluted share was 74 cents for the year, compared with the earnings per share of $-0.27 in the previous year. The DDR Corp enjoyed an operating margin of 22.63%, compared with the operating margin of 15.13% a year before. The 10-year historical median operating margin of DDR Corp is 21.22%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, DDR Corp has the cash and cash equivalents of $92.6 million, compared with $30.4 million in the previous year. The long term debt was $3.8 billion, compared with $4.5 billion in the previous year. The interest coverage to the debt is 1.1, which is not a favorable level. DDR Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $8.03, DDR Corp is traded at 42.9% discount to its historical median P/S valuation band of $14.06. The P/S ratio of the stock is 3.12, while the historical median P/S ratio is 5.46. The stock lost 42.57% during the past 12 months.

Directors and Officers Recent Trades:

  • Director, 10% Owner Alexander Otto bought 1,245,942 shares of DDR stock on 02/22/2018 at the average price of $7.58. The price of the stock has increased by 5.94% since.

For the complete 20-year historical financial data of DDR, click here.

This article first appeared on GuruFocus.