- Q1 FFO of $383M or $0.40 per share vs. $309M and $0.32 one year ago.
- Comparable NOI up 5.2% Y/Y to $561M. EBITDA up 20.2% to $590M.
- Initial rents for leases commenced LTM up 13% to $66.37 per square foot vs. expiring leases.
- Tenant sales up 2.1% on a LTM basis.
- Full-year FFO guidance of $1.52-$1.56 per share. Q2 of $0.34-$0.36.
- Previously: General Growth Properties beats by $0.05, beats on revenue (May 2)
- Conference call tomorrow at 9 ET
- GGP flat after hours
More on General Growth's Q1 beat
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