General Growth Properties
 (GGP)

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  • Jul. 28, 2013, 5:35 PM
  • Jul. 3, 2013, 9:47 AM

    The national vacancy rate for strip malls dropped to 10.5% in Q2 from 10.6% previously, reports Reis, but the decline seems more a product of minimal new construction rather than high demand. At 8.3%, regional mall vacancy was flat, with the top tier locations (owned by the likes of SPG, GGP, TCO, KIM, EQY) showing improvement, and the rest not so much. Other mall REITs of interest: DDR, FRT, REG, SKT, WRI.

    | Jul. 3, 2013, 9:47 AM
  • Jun. 20, 2013, 6:55 AM

    General Growth Properties (GGP) files a shelf registration for the sale of 440M shares by current holders (just under half the float). (S-3)

    | Jun. 20, 2013, 6:55 AM
  • Jun. 6, 2013, 3:56 PM

    General Growth Properties (GGP) is considering expanding into urban retail property, says CEO Sandeep Mathrani speaking at a conference, but it would have to be of the highest quality - "We're not starting a business to buy street retail." Last month it was reported GGP teamed up with Brookfield (BPO) to bid on 650 Madison Avenue - an office building with about 75K square feet of street-level retail space - but lost out on the $1.29B deal.

    | Jun. 6, 2013, 3:56 PM
  • May 13, 2013, 3:45 PM
    General Growth Properties, Inc (GGP) declares $0.12/share quarterly dividend, in line with previous. Forward yield 2.11%. For shareholders of record July 16. Payable July 30. Ex-div date July 12. (PR)
    | May 13, 2013, 3:45 PM
  • May 13, 2013, 1:56 PM

    The NAREIT U.S. REIT Index (IYR, VNQ) had a pretty good year just in April, rising 5.8% vs. the S&P up 1.9%. YTD through April, the index was up 15.44% vs. 12.74% for the S&P. Y/Y, REITs are up 22.2% vs. the S&P at 16.89% The best performers in April were the retail REITs (SPG, TCO, GGP, O, ARCP, PEI), gaining 9.9%. Taking a break were the timber REITs (PCH, PCL), down 1.6% in April after rising 7.3% the previous month. YTD, the leading REIT performer is Health Care (VTR, HCP, HCN HTA), +23.7%.

    | May 13, 2013, 1:56 PM
  • May 7, 2013, 9:05 AM

    Blackstone (BX) is unloading its 23.4M share stake (2.5% of the company) in General Growth Properties (GGP) in a secondary offering. Blackstone was part of the group which helped GGP emerge from bankruptcy in 2010, and in January sold warrants - which would have allowed it to buy more shares - back to the company. GGP -1.7% premarket. (PR)

    | May 7, 2013, 9:05 AM
  • Apr. 29, 2013, 4:36 PM

    More on General Growth Properties (GGP) Q1 earnings: FFO of $0.25 up 13.6% Y/Y. Same-store NOI of $513M up 3.7% Y/Y. Occupancy rate of 95.8% up 210 bps from a year ago. Initial rental rates for leases started this year up 11.1% over expiring leases. FY FFO guidance is raised to $1.11-$1.15/share. Conference call at 9 ET. Shares -0.4% AH. (PR)

    | Apr. 29, 2013, 4:36 PM
  • Apr. 29, 2013, 4:06 PM
    General Growth Properties (GGP): Q1 FFO of $0.25 beats by $0.01. Revenue of $637.8M misses by $12.22M. (PR)
    | Apr. 29, 2013, 4:06 PM
  • Apr. 29, 2013, 12:10 AM

    Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO

    | Apr. 29, 2013, 12:10 AM | 1 Comment
  • Apr. 28, 2013, 5:35 PM

    Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO

    | Apr. 28, 2013, 5:35 PM | 1 Comment
  • Apr. 22, 2013, 1:49 PM

    Moody's upgrades its outlook for the equity REIT industry to Stable. The sector is "well positioned to handle the fragile economic outlook and the potential for rising interest rates," the ratings agency says, in a new report. Moody's Senior VP notes that REITs have "access to multiple capital sources … at historically low rates that have lengthened their debt maturity profiles," boosted earnings, and increased fixed charge coverage ratios.

    | Apr. 22, 2013, 1:49 PM | 1 Comment
  • Feb. 4, 2013, 4:12 PM
    General Growth Properties (GGP): Q4 EPS of $0.31 beats by $0.02. Revenue of $675.7M (+5% Y/Y) beats by $5.85M. (PR)
    | Feb. 4, 2013, 4:12 PM
  • Feb. 4, 2013, 12:10 AM

    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM

    | Feb. 4, 2013, 12:10 AM
  • Feb. 3, 2013, 5:35 PM

    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM

    | Feb. 3, 2013, 5:35 PM
  • Jan. 30, 2013, 4:34 PM

    Fairholme is closing 3 of its funds to new investors as of the end of February. It's not about heavy inflows; instead Bruce Berkowitz is fed up with outflows and prefers a smaller, core group of investors who understand his deep-value process. Berkowitz might also be having trouble finding investments, having narrowed his holdings to basically just AIG, SHLD, BAC, JOE, CIT, LUK, and MBIA (GGP was sold last night).

    | Jan. 30, 2013, 4:34 PM | 7 Comments
Company Description
General Growth Properties Inc is a real estate investment trust, which operates, manages, develops and acquires retail and other rental properties, shopping centers, which are located throughout the United States.
Sector: Financial
Industry: REIT - Retail
Country: United States