Shares of General Growth Properties (GGP -6.6%) dive after reporting core funds from operations...

|About: General Growth Properties (GGP)|By:, SA News Editor

Shares of General Growth Properties (GGP -6.6%) dive after reporting core funds from operations fell 68% Y/Y to $0.20/share, below consensus $0.23/share and the third straight quarter with falling Y/Y revenue. It also announces the spinoff of 30 mall properties into a newly formed company, further reducing its holdings to only large premier malls.