- Q2 FFO of $319M or $0.33 per share vs. $298M and $0.31 one year ago.
- Comparable net operating income of $543M up 3.6% Y/Y. EBITDA of $508M up 4.9%.
- Same store leased percentage at quarter's end of 96%. Initial rental rates up 10.4% to $62.30 per square foot. Tenant sales (all, less anchors) up 3.4% to $20.5B. Tenant sales (less than 10K square feet) up 5.6% to $595 per square foot LTM.
- Full-year adjusted FFO per share guidance of $1.33-$1.37, with Q3 of $0.33-$0.35.
- Conference call is underway.
- Previously: General Growth Properties FFO in-line, misses on revenue (Aug. 3)
- GGP flat premarket
More on General Growth's Q2
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