In a report published by Deutsche Bank, Developers Diversified's DDR analyst day revealed few surprises.
Deutsche Bank said that nothing earth-shattering came out of the company's Analyst/Investor Day yesterday. “Nevertheless, we believe the company communicated a clear, united commitment to its previously-stated goals of further reducing leverage and repositioning the portfolio out of non-prime assets into prime (currently, they consider 83% of the portfolio to be "prime" with a goal of getting above 90% over the next five-years).”
Developers Diversified closed yesterday at $13.96.
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