Is GGP a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

1,004 people get GGP articles and Market Currents by email alert.

Get email alerts on GGP »

HEADLINES:

Bloomingdale's To Open At Ala Moana Center

PR Newswire (May 17, 2013)
GGP and TIAA-CREF Enter Partnership to Own The Grand Canal Shoppes

PR Newswire (May 16, 2013)
Tracking Bill Ackman's Pershing Square Portfolio - Q1 2013 Update
John Vincent • Thu, May 16 • 2 Comments
GGP Declares Common and Preferred Dividends

PR Newswire (May 13, 2013)
New Ways To Profit In Today's Real Estate Market
Martin Vlcek • Wed, May 8 • 6 Comments
Certain Funds Affiliated With The Blackstone Group to Sell Common Stock in Secondary Offering

PR Newswire (May 7, 2013)
Milton Cooper Has Very Deep Roots In This Blue Chip REIT
Brad Thomas • Sun, May 5 • 23 Comments
General Growth Properties Management Discusses Q1 2013 Results - Earnings Call Transcript
Tue, Apr 30
GGP Reports First Quarter 2013 Results

PR Newswire (Apr 29, 2013)
If Mispriced REIT Risk Is Getting You Nervous, Check Out The Preferreds
Brad Thomas • Mon, Apr 8 • 76 Comments
GGP Announces Redemption of 6.75% Notes Due 2015 and $1.5 Billion of Secured Financings in First Quarter

PR Newswire (Apr 2, 2013)
Sears: A Purely Speculative Play?
Black Coral Research • Mon, Mar 25 • 33 Comments
General Growth Properties Schedules First Quarter 2013 Earnings Release and Conference Call

PR Newswire (Mar 19, 2013)
13 New Preferred Stocks Provide 6.2% With Increased Principal Protection
Doug K. Le Du • Tue, Mar 19 • 43 Comments
Buying General Growth Properties Today? Is The Thrill Of Victory Worth The Agony Of Defeat?
Brad Thomas • Mon, Mar 18 • 17 Comments
General Growth Properties CEO Presents at Citi Global Property Conference - Transcript
Thu, Mar 7
General Growth Properties Declares Preferred Dividend

PR Newswire (Mar 5, 2013)
General Growth Properties to Present at Citi 2013 Global Property CEO Conference

PR Newswire (Mar 1, 2013)
Tracking Bill Ackman's Pershing Square Portfolio - Q4 2012 Update
John Vincent • Fri, Feb 15 • 7 Comments
GGP Announces Pricing Of $250 Million 6.375% Cumulative Redeemable Perpetual Preferred Stock

PR Newswire (Feb 6, 2013)

To learn more about Seeking Alpha Pro, click here.

Buying General Growth Properties Today? Is The Thrill Of Victory Worth The Agony Of Defeat?
Brad Thomas • Mon, Mar 18 • 17 Comments
We Cannot Forget General Growth's Dividend Cut
Valuentum • Wed, Jan 16 • 2 Comments
Evaluating The Prospects Of An Ackman-Led Sale Of General Growth Properties
Saibus Research • Wed, Nov 14, 2012
General Growth Properties: We're Glad GGP Rejected Ackman's Demands
Saibus Research • Thu, Sep 27, 2012 • 3 Comments
General Growth Properties Rejects Ackman's Call For Sale
Qineqt • Tue, Sep 11, 2012 • 2 Comments
Simon Property Group's Acquisition Of General Growth Properties A Win-Win Transaction For Both
Qineqt • Tue, Aug 28, 2012
Pershing Vs. Brookfield: The Fight For General Growth Properties Continues
Zvi Bar • Tue, Aug 28, 2012 • 1 Comment
Putting A Higher Value On General Growth Properties
Tim Plaehn • Mon, Aug 27, 2012 • 2 Comments
A General Growth Properties Deal Appears Highly Probable
Zvi Bar • Mon, Aug 27, 2012 • 3 Comments
Pershing Square Urges Shareholders To Consider Sale Of General Growth Properties
Brad Thomas • Thu, Aug 23, 2012 • 8 Comments
General Growth Properties Continues To Stabilize Coming Out Of Bankruptcy
Tim Plaehn • Thu, Jun 21, 2012
What Is Rouse's Added Value to General Growth Properties?
Todd Sullivan • Wed, Aug 3, 2011 • 3 Comments
Pershing Square's Return: When Market Prices Aren't Market Prices
Insider Monkey • Wed, Dec 8, 2010 • 11 Comments
Pershing Square Gains 15% in November, Skeptics Emerge - A Lesson in Hedge Fund Tracking
Market Folly • Tue, Dec 7, 2010 • 7 Comments
Bill Ackman Updates General Growth Properties Stake
Market Folly • Mon, Nov 15, 2010
General Growth Properties Files Amended Shelf: The Bottom Line
Todd Sullivan • Sun, Oct 17, 2010 • 2 Comments
REITs: Mid-2010 Report
Avi Morris • Thu, Jul 1, 2010
Bears Shopping at General Growth
optionMONSTER • Fri, Apr 16, 2010 • 3 Comments
Treasury Bond Rates Climb, REITs Rise
Avi Morris • Thu, Apr 1, 2010 • 1 Comment
Elliott Associates Discloses General Growth Properties Stake
Market Folly • Mon, Mar 22, 2010

Tracking Bill Ackman's Pershing Square Portfolio - Q1 2013 Update
John Vincent • Thu, May 16 • 2 Comments
New Ways To Profit In Today's Real Estate Market
Martin Vlcek • Wed, May 8 • 6 Comments
Milton Cooper Has Very Deep Roots In This Blue Chip REIT
Brad Thomas • Sun, May 5 • 23 Comments
If Mispriced REIT Risk Is Getting You Nervous, Check Out The Preferreds
Brad Thomas • Mon, Apr 8 • 76 Comments
Sears: A Purely Speculative Play?
Black Coral Research • Mon, Mar 25 • 33 Comments
13 New Preferred Stocks Provide 6.2% With Increased Principal Protection
Doug K. Le Du • Tue, Mar 19 • 43 Comments
Tracking Bill Ackman's Pershing Square Portfolio - Q4 2012 Update
John Vincent • Fri, Feb 15 • 7 Comments
Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings
Devon Shire • Mon, Feb 4 • 27 Comments
Mall REITs May Decline In 2013 As Vacancies Remain High And Property Sales Continue
Zvi Bar • Wed, Jan 23 • 10 Comments
Herbalife, Ackman, Free Markets And A Put Strategy
Michael Riley • Wed, Dec 26, 2012 • 45 Comments
Why Malls Are Getting Mauled
Jeff Jordan • Mon, Dec 24, 2012 • 20 Comments
10 REITs Absolutely Adored By Hedge Funds
Insider Monkey • Thu, Dec 6, 2012 • 3 Comments
13F Reports: Latest Portfolio Moves By Buffett, Einhorn, Klarman and Others
CFA Institute Contributors • Wed, Nov 21, 2012 • 7 Comments
Tracking Bill Ackman's Pershing Square Portfolio - Q3 2012 Update
John Vincent • Thu, Nov 15, 2012 • 3 Comments
Glimcher Realty Trust: An Attractive Dividend For Your Income Basket
Kapitall • Thu, Nov 8, 2012
Vornado Realty Trust: Simply A Hedge Fund In A REIT Wrapper
Brad Thomas • Mon, Oct 15, 2012 • 12 Comments
3 High-Yield REITs You Can Own Right Now
StreetAuthority • Mon, Oct 8, 2012 • 1 Comment
Top Dividend Stocks Favored By Bill Ackman
Efsinvestment • Fri, Oct 5, 2012 • 4 Comments
3 REITs To Buy On QE3
Qineqt • Sat, Sep 15, 2012 • 5 Comments
Buy United Dominion Realty For Dividends, High Occupancy Rates And Growing Revenues
Qineqt • Fri, Sep 14, 2012 • 1 Comment

General Growth Properties Management Discusses Q1 2013 Results - Earnings Call Transcript
Tue, Apr 30
General Growth Properties CEO Presents at Citi Global Property Conference - Transcript
Thu, Mar 7
General Growth Properties' CEO Discusses Q4 2012 Results - Earnings Call Transcript
Tue, Feb 5
General Growth Properties' CEO Discusses Q3 2012 Results - Earnings Call Transcript
Sat, Nov 3, 2012
General Growth Properties' Management Presents at Barclays 2012 Global Finance Conference - Special Call Transcript
Wed, Sep 12, 2012
General Growth's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Sat, Aug 4, 2012
General Growth Properties' CEO Discusses Q1 2012 Results - Earnings Call Transcript
Wed, May 2, 2012
General Growth Properties' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Thu, Feb 9, 2012 • 1 Comment
General Growth Properties' CEO Hosts Institutional Investor and Analyst Conference - Presentation Transcript
Sun, Dec 18, 2011
General Growth Properties's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Wed, Nov 9, 2011
General Growth Properties CEO Discusses Q2 2011 Results - Earnings Call Transcript
Wed, Aug 3, 2011
General Growth Properties Inc. Q3 2008 Earnings Call Transcript
Wed, Nov 5, 2008
General Growth Properties, Inc. Q2 2008 Earnings Call
Thu, Jul 31, 2008
General Growth Properties, Inc. Q1 2008 Earnings Call Transcript
Wed, Apr 30, 2008
General Growth Properties, Inc. Q4 2007 Earnings Call Transcript
Tue, Feb 12, 2008

Bloomingdale's To Open At Ala Moana Center

PR Newswire (May 17, 2013)
GGP and TIAA-CREF Enter Partnership to Own The Grand Canal Shoppes

PR Newswire (May 16, 2013)
GGP Declares Common and Preferred Dividends

PR Newswire (May 13, 2013)
Certain Funds Affiliated With The Blackstone Group to Sell Common Stock in Secondary Offering

PR Newswire (May 7, 2013)
GGP Reports First Quarter 2013 Results

PR Newswire (Apr 29, 2013)
Fed May Provide a Safety Net for the Market

at CNBC.com (Apr 26, 2013)
GGP Announces Redemption of 6.75% Notes Due 2015 and $1.5 Billion of Secured Financings in First Quarter

PR Newswire (Apr 2, 2013)
General Growth Properties Schedules First Quarter 2013 Earnings Release and Conference Call

PR Newswire (Mar 19, 2013)
General Growth Properties Declares Preferred Dividend

PR Newswire (Mar 5, 2013)
General Growth Properties to Present at Citi 2013 Global Property CEO Conference

PR Newswire (Mar 1, 2013)
GGP Announces Pricing Of $250 Million 6.375% Cumulative Redeemable Perpetual Preferred Stock

PR Newswire (Feb 6, 2013)
GGP Reports Fourth Quarter Results

PR Newswire (Feb 4, 2013)
General Growth Properties Purchases Warrants Held By Blackstone And Fairholme

PR Newswire (Jan 28, 2013)
General Growth Properties Revises Time Of Fourth Quarter 2012 Earnings Release And Conference Call

PR Newswire (Jan 23, 2013)
GGP Announces Tax Reporting Information For 2012 Distributions

PR Newswire (Jan 22, 2013)
GGP Announces Redemption Of 5.375% Notes Due 2013

PR Newswire (Jan 16, 2013)
Activist Investor Dan Loeb Takes 8% Stake in Herbalife

at CNBC.com (Jan 9, 2013)
Nordstrom to Open Second Full-Line Store in Greater Minneapolis at Ridgedale Center

PR Newswire (Jan 4, 2013)
Early Movers: BIIB, CSCO, C & More

at CNBC.com (Jan 3, 2013)
Investors In General Growth Properties Announce Certain Transactions

PR Newswire (Jan 3, 2013)

GGP vs. ETF Alternatives

Company Description

Currently, there's no company description for GGP.

Sector: Financial

Industry: REIT - Retail

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 13, 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) Comment! [Dividends]
Monday, May 13, 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%. Comment! [Financials]
Tuesday, May 7, 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) Comment! [Financials, Breaking News, On the Move]
Monday, April 29, 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) Comment! [Earnings, Financials]
Monday, April 29, 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) Comment! [Earnings, Breaking News, Financials]
Monday, April 29, 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 1 Comment [Earnings]
Sunday, April 28, 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 1 Comment [Earnings]
Monday, April 22, 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. 1 Comment
Monday, February 4, 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) Comment! [Earnings, Breaking News]
Monday, February 4, 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 Comment! [Earnings]
Sunday, February 3, 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 Comment! [Earnings]
Wednesday, January 30, 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). 7 Comments
Wednesday, January 30, 7:16 AM General Growth Properties (GGP) buys back warrants held by Fairholme Funds and Blackstone for about $633M. The warrants were exercisable into approximately 52M shares at $9.37 each. It's safe to say the warrants - issued as the company exited bankruptcy - were home runs. Brookfield Asset Management (BAM) remains the only holder of remaining warrants - about 83M at an exercise price of $9.53. (PR) Comment! [Financials]
Monday, January 28, 5:43 PM After-hours top gainers, as of 5:15 p.m.: FAF +6%. PCL +3%. WCRX +3%. MCRS +3%. GGP +2%.
After-hours top losers: BMC -7%. EMC -5%. STX -5%. CTXS -4%. FIO -4%. Comment! [On the Move]
Wednesday, January 9, 9:39 AM The U.S. mall vacancy rate declined to 8.6% in Q4 from 8.7% in Q3 and the cycle peak of 9.4% in 2011 Q3, according to Reis. The strip mall vacancy rate fell to 10.7% from 10.8%. Rents barely budged. Disappointed with the middling improvement, Reis' Ryan Severino notes vacancy rates are barely declining even with minimal mall completions occurring. 1 Comment [U.S. Economy, Financials]
Thursday, January 3, 12:11 PM Brookfield Asset Management's (BAM) purchase of Bill Ackman's General Growth (GGP -3.2%) warrants amounts to about a 20% premium to yesterday's closing GGP price, says Wells Fargo. In essence, Brookfield paid Ackman $78M to drop his demand for a sale of General Growth. For Brookfield investors, it's the cost of doing business, says Wells (which rates BAM a buy), but the "control premium upside" is worth it. Comment! [Financials]

Saibus Research
Howard Hughes Q4 Highlights http://bit.ly/XHD87T $HHC $GGP
Mar 1, 11:38 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ghosts of Kariela
Interesting that Ackman owns shares in both $GGP and $JCP, I wonder how many JCP's are in GGP malls.
Feb 28, 7:26 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Saibus Research
@ToddSullivan Fantastic writeup by Todd on Howard Hughes from the The Harbor Investment Conference http://seekingalpha.com/a/pf29 $HHC $GGP
Feb 14, 5:48 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Saibus Research
Investment Ideas of the Week 10-1-12 http://bit.ly/RuIuQq $ACN $STB $GGP $CTL $BBRY
10/1/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Saibus Research
General Growth Properties: We're Glad GGP Rejected Ackman's Demands http://seekingalpha.com/a/j3hr $GGP $BAM $HHC $SPG
9/27/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ryan Mallory
Here's my Long and Short Watchlists Right Now http://bit.ly/NLJR9U BLL MCD INTU DNKN GGP GMCR just to name a few look solid.
8/23/12
Reply (1)

• !Report Abuse
View all 1 replies
Gary Jakacky: Not sure about DNKN, Ryan. Aren't Tim Hortons financials better?
8/23/12
• !Report Abuse
Add a reply...

140 characters

Ryan Mallory
Lazy Trade Long & Short: GGP & SMFG http://bit.ly/R6Xcx7
8/17/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

freefdawatchlist
http://bit.ly/zSDYcD today after hours earning CBS, BRCM, GGP, BXP, CHK, GOOG, FISV, OKE
5/1/12
Reply (3)

• !Report Abuse
View all 3 replies
Maria Auziliadora: also TRIP reported
5/1/12
• !Report Abuse
freefdawatchlist: Also OPEN was down 20%, now its down 14%, CHK is down 5% after earning
5/1/12
• !Report Abuse
Add a reply...

140 characters

Benjamin Shepherd
Damon Andres - Long on $GGP and regional malls sector. http://bit.ly/IdldQr
4/24/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Micah
$SHLD sold 11 stores at an average price of ~$24M to $GGP. Anyone care to take a stab at what their portfolio 3500 stores would be worth?
2/23/12
Reply (3)

• !Report Abuse
View all 3 replies
nasdaqczar: SHLD stores worth about about as much as ames in bankruptcy nothing SELL eom
2/28/12
• !Report Abuse
DeepValueLover: lol.
2/29/12
• !Report Abuse
Add a reply...

140 characters

LATEST REPLIES

Ryan Mallory
Here's my Long and Short Watchlists Right Now http://bit.ly/NLJR9U BLL MCD INTU DNKN GGP GMCR just to name a few look solid.
8/23/12
Reply (1)

• !Report Abuse
View all 1 replies
Gary Jakacky: Not sure about DNKN, Ryan. Aren't Tim Hortons financials better?
8/23/12
• !Report Abuse
Add a reply...

140 characters

freefdawatchlist
http://bit.ly/zSDYcD today after hours earning CBS, BRCM, GGP, BXP, CHK, GOOG, FISV, OKE
5/1/12
Reply (3)

• !Report Abuse
View all 3 replies
Maria Auziliadora: also TRIP reported
5/1/12
• !Report Abuse
freefdawatchlist: Also OPEN was down 20%, now its down 14%, CHK is down 5% after earning
5/1/12
• !Report Abuse
Add a reply...

140 characters

Micah
$SHLD sold 11 stores at an average price of ~$24M to $GGP. Anyone care to take a stab at what their portfolio 3500 stores would be worth?
2/23/12
Reply (3)

• !Report Abuse
View all 3 replies
nasdaqczar: SHLD stores worth about about as much as ames in bankruptcy nothing SELL eom
2/28/12
• !Report Abuse
DeepValueLover: lol.
2/29/12
• !Report Abuse
Add a reply...

140 characters

GGP General Growth Properties

GGP

General Growth Properties