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General Growth Properties (GGP)

- NYSE
  • Sep. 12, 2012, 9:50 AM
    General Growth Properties (GGP -1.5%) expects FY12 FFO of $0.96/share - below consensus expectations for $0.97 - according to its presentation at the Barclays Financial Services Conference. The company says new store opening plans at its malls are at a 4-year high, with international retailers a particular strength.
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  • Sep. 5, 2012, 5:57 PM
    General Growth Properties (GGP) is looking to hire an investment bank, Reuters reports, a week after Bill Ackman stepped up pressure on the mall owner to consider putting itself up for sale. It’s not yet known whether GGP is hiring a bank as a defensive move or if it agrees with Ackman, who owns 10.5% of the firm and wants a sale. GGP +1.3% AH.
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  • Aug. 24, 2012, 6:49 AM
    Brookfield (BAM), which is General Growth Properties' (GGP) largest shareholder, said late yesterday it has no interest in selling its 40% holding, or in buying the mall operator outright. Brookfield's comments came after Bill Ackman's Pershing called on the firm to put itself up for sale.
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  • Aug. 23, 2012, 1:18 PM
    General Growth Properties (GGP +9%) soars as Bill Ackman's Pershing Square (with a 10% stake) demands the company put itself up for sale. Pershing (as it reminds the board in its letter) famously began buying into the then bankrupt mall-owner in 2008 at $0.25/share and led its restructuring.
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  • Aug. 16, 2012, 11:48 AM
    Shopping malls start to reinvent themselves as foot traffic continues to be sluggish with online shopping sapping the enthusiasm of consumers to make the drive out to malls. Operators such as General Growth Properties (GGP -0.5%) and Taubman Centers (TCO -0.3%) want sit-down restaurants to set up around the perimeter of malls - instead of staying embedded deep inside by a food court - to step up activity. If a trend takes hold, investments by restaurants players such as Darden Restaurants (DRI +0.2%) and Cheesecake Factory (CAKE +0.3%) could help turn the tide.
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  • Aug. 1, 2012, 4:23 PM
    General Growth Properties (GGP): Q2 EPS of $0.23 beats by $0.02. Revenue of $624M (+% Y/Y) beats by $13M. Shares +0.3% AH. (PR)
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  • Aug. 1, 2012, 12:10 AM
    Notable earnings after Wednesday’s close: BMR, BMRN, CAR, CAVM, FSLR, GGP, GMCR, HIG, IVR, LNC, MET, MUR, NGD, NLY, ONXX, PRU, RIG, SM, TS, TSO, UNM, WLT, WMB, WPZ
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  • Jul. 31, 2012, 5:35 PM
    Notable earnings after Wednesday’s close: BMR, BMRN, CAR, CAVM, FSLR, GGP, GMCR, HIG, IVR, LNC, MET, MUR, NGD, NLY, ONXX, PRU, RIG, SM, TS, TSO, UNM, WLT, WMB, WPZ
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  • Jun. 28, 2012, 10:05 AM
    General Growth Properties (GGP) is upgraded to Buy at Citi, with analyst Quentin Velleley saying recent management comments indicate a considerable pickup in business and efforts to increase rents appear to be paying off.
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  • May 10, 2012, 2:16 PM
    General Growth Properties (GGP +1.6%) is upgraded to Buy from Neutral at UBS, with a $20 target price up from $17, following solid Q1 results. After the Rouse spinoff and through continued dispositions of non-core assets, the firm thinks GGP is "successfully transforming into one of the leading Class A mall REITs," expecting the perception to be reflected in the valuation over time.
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  • May 1, 2012, 6:06 PM
    General Growth Properties (GGP): Q1 EPS of $0.22 beats by $0.01. Revenue of $612.1M (-1.3% Y/Y) misses by $13M. (PR)
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  • May 1, 2012, 12:10 AM
    Notable earnings after Tuesday's close: ACAS, AUY, BMR, BRCM, CAVM, CBS, CHK, CHSI, CVI, DDR, DEI, DVA, FISV, FLEX, GGP, GNW, MMI, OKE, OKS, OPEN, RGC, TE, TRIP, UNM, XCO
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  • Apr. 30, 2012, 5:35 PM
    Notable earnings after Tuesday's close: ACAS, AUY, BMR, BRCM, CAVM, CBS, CHK, CHSI, CVI, DDR, DEI, DVA, FISV, FLEX, GGP, GNW, MMI, OKE, OKS, OPEN, RGC, TE, TRIP, UNM, XCO
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  • Feb. 23, 2012, 4:52 PM
    Success in the deal to acquire 11 Sears (SHLD +18.7%) store locations for the buyer, General Growth Properties (GGP +2.8%), hinges on one property. Analysts say $250M of GGP’s $270M purchase went toward the store in Ala Moana Center in Honolulu; other anchor stores GGP has bought in the past year ranged from $2.5M-$30M, making Ala Moana a massive purchase.
    | 6 Comments
  • Feb. 8, 2012, 5:43 PM
    General Growth Properties (GGP): Q4 FFO of $0.29 beats by $0.01. Revenue of $719M (+0.9% Y/Y) beats by $37M. (PR)
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  • Feb. 8, 2012, 12:10 AM
    Notable earnings after Wednesday's close: AKAM, ATML, BDN, BMR, CBL, CINF, CSCO, CVA, CXW, EFX, FMC, FNF, GGP, GRPN, ILMN, KIM, MTD, NWSA, ONNN, ORLY, PAA, PRU, RE, TCO, V, WFM
    | 1 Comment
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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