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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2011
Acquisitions [Abstract]  
Acquisition of the six shopping centers

         

Land

  $ 73,415  

Buildings

    183,068  

Tenant improvements

    3,678  

Intangible assets

    35,046  
   

 

 

 
      295,207  

Less: Mortgage debt assumed

    (173,013

Less: Below-market leases (1)

    (14,300
   

 

 

 

Net assets acquired

  $ 107,894  
   

 

 

 

 

(1) Below-market leases will be amortized over a weighted-average life of 16.5 years.
Intangible assets recorded in connection with the acquisitions

                 
          Weighted
Average
Amortization
Period
(in Years)
 

In-place leases (including lease origination costs and fair market value of leases) (1)

  $ 18,069       5.0  

Tenant relations

    16,977       9.6  
   

 

 

         

Total intangible assets acquired

  $ 35,046          
   

 

 

         

 

(1) Includes above-market value of leases of approximately $1.4 million.
Unaudited supplement pro forma operating data

 

                 
    For the Years Ended
December 31,
(Unaudited)
 
    2011     2010  

Pro forma revenues

  $ 786,408     $ 787,386  
   

 

 

   

 

 

 

Pro forma loss from continuing operations

  $ (68,640   $ (147,363
   

 

 

   

 

 

 

Pro forma income (loss) from discontinued operations

  $ 16,106     $ (84,989
   

 

 

   

 

 

 

Pro forma net loss attributable to DDR common shareholders

  $ (79,901   $ (234,940
   

 

 

   

 

 

 

Per share data:

               

Basic earnings per share data:

               

Loss from continuing operations attributable to DDR common shareholders

  $ (0.36   $ (0.72

Income (loss) from discontinued operations attributable to DDR common shareholders

    0.06       (0.24
   

 

 

   

 

 

 

Net loss attributable to DDR common shareholders

  $ (0.30   $ (0.96
   

 

 

   

 

 

 

Diluted earnings per share data:

               

Loss from continuing operations attributable to DDR common shareholders

  $ (0.44   $ (0.72

Income (loss) from discontinued operations attributable to DDR common shareholders

    0.06       (0.24
   

 

 

   

 

 

 

Net loss attributable to DDR common shareholders

  $ (0.38   $ (0.96