@LT_Investor - to answer your question about inventories, you have to look at the way the accounting rules work.
DDR don't just expense every bit of inventory they buy during the year. Instead, they must list any changes to the Inventories asset under current assets that weren't sold, which are reflected on the balance sheet. Working it through this example:
FY18 Balance sheet:Inventories as Current Assets: 88,565,000
During the financial year (From FY19 P&L)- Total inventories purchased = 1,375,240,000
- Changes in inventories (that is, inventory over and above last year's 88.565m) = 16,924,000
Then, the FY19 balance sheet shows:Inventories as Current Assets: 105,489,000
So,
FY19 inventories minus FY18 inventories equals changes in inventories figure.
The accounting rules are shown this way so their profit figure accurately reflects the profit made on inventories sold. Any inventory bought, but not sold, is not expensed.
This website has a description of it:
https://www.investopedia.com/terms/c/cogs.asp
(20min delay)