DDR Ddr Corp.

Developers Diversified Realty Announces Quarterly Common Share Dividend CLEVELAND, May 19 /PRNewswire-FirstCall/ -- Developers Diversified Realty today declared its second quarter 2004 common share dividend: - Second quarter 2004 common share dividend: $0.46 per share. - The second quarter 2004 common share dividend is payable July 6, 2004 to shareholders of record at the close of business on June 21, 2004. (Logo: http://www.newscom.com/cgi-bin/prnh/19990826/DDRLOGO ) Developers Diversified owns and manages over 400 retail operating and development properties totaling approximately 91 million square feet of real estate in 44 states. Developers Diversified is a self-administered and self- managed real estate investment trust (REIT) operating as a fully integrated real estate company which develops, leases and manages shopping centers. You can learn more about Developers Diversified on the internet at http://www.ddr.com/ . http://www.newscom.com/cgi-bin/prnh/19990826/DDRLOGO http://photoarchive.ap.org/ DATASOURCE: Developers Diversified Realty Corporation CONTACT: William H. Schafer, Senior Vice President and Chief Financial Officer of Developers Diversified Realty, +1-216-755-5500 Web site: http://www.ddr.com/

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