ADVFN - Advanced Financial Network.
HOME» NYSE » G » GGP Stock Price » GGP Stock News

General Growth Properties Share News

 General Growth Pptys Stock Price
GGP Stock Price
 General Growth Pptys Stock Chart
GGP Stock Chart
 General Growth Pptys Stock News
GGP Stock News
 General Growth Pptys Company Information
GGP Company Information
 General Growth Pptys Stock Trades
GGP Stock Trades

General Growth's 4Q Loss Balloons On $749 Million Of Write-Downs

DOW JONES NEWSWIRES General Growth Properties Inc. (GGWPQ) posted a sharply wider fourth-quarter loss on write-downs of $749 million as the company continued a public-relations fight against the $10 billion proposed takeover bid from larger rival Simon Property Group Inc. (SPG). "The operating results we reported today demonstrate we are successfully executing our business strategy to create long-term value for our stakeholders," contended Chief Executive Adam Metz. The results' disclosure came hours after General Growth said it will establish a bidding process for the company that will allow Simon to compete against a planned investment from Brookfield Asset Management Inc. (BAM). The move is a response to creditors that are complaining about the mall giant's decision to reject Simon's proposal, which would pay off their $7 billion in claims in full. General Growth's loss widened to $612.4 million, or $1.96 a share, from $6.5 million, or 2 cents a share, a year earlier. Excluding write-downs and other impacts, funds from operations--a key REIT profitability metric--fell to 61 cents from 74 cents as revenue dropped 12% to $794.1 million. -By Kevin Kingsbury; Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com

Stock News for General Growth Properties (GGP)
DateTimeHeadline
08/26/201508:59:00General Growth Adds $500 Million to Stock Buyback Plans
08/26/201508:02:00GGP Increases Share Repurchase Program
08/26/201508:01:05Current Report Filing (8-k)
08/13/201516:11:00Jordin Sparks Partners With General Growth Properties To Promote...
08/06/201507:04:11Quarterly Report (10-q)
08/04/201509:59:16U.S. Hot Stocks: Hot Stocks to Watch
08/03/201518:01:50General Growth Properties Posts Higher FFO
08/03/201516:03:18Current Report Filing (8-k)
08/03/201516:01:00GGP Reports Second Quarter 2015 Results
07/17/201509:35:00REIT - Retail Stocks on our Scanner -- NorthStar Realty Finance...
07/13/201514:06:50Statement of Changes in Beneficial Ownership (4)
07/09/201516:47:00Fabletics to Open First Brick-and-Mortar Stores at Five GGP Malls
06/30/201517:22:13Automatic Shelf Registration Statement of Securities of Well-known...
06/30/201510:18:36Annual Report of Employee Stock Plans (11-k)
06/18/201516:41:59Statement of Changes in Beneficial Ownership (4)
06/11/201516:01:00GGP Schedules Second Quarter 2015 Earnings Release and Conference...
06/03/201516:01:00General Growth Properties to Present at NAREIT REITWeek 2015...
05/26/201516:01:00General Growth Properties to Present at the Bernstein 31st Annual...
05/21/201516:01:00General Growth Properties Declares Common and Preferred Dividends
05/20/201512:15:10What Is the S&P 500 Index?

General Growth Properties and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad