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 Swings To 1Q Loss On Warrants Adjustments

DOW JONES NEWSWIRES General Growth Properties Inc. (GGP) swung to a first-quarter loss as the company recorded $143.1 million in depreciation and noncash accounting adjustments for warrants outstanding. The company raised its full-year expectations for core funds from operations by 2 cents, now seeing 92 cents to 96 cents. Second-quarter core FFO is expected to come in at 20 cents to 22 cents. Analysts polled by Thomson Reuters most recently expected 20 cents. General Growth continues to prune its portfolio to boost its core earnings, which have generally improved despite pressure from weak economic conditions in many markets. The mall landlord in January completed its spinoff of a portfolio of 30 lower-quality malls into newly formed real-estate investment trust Rouse Properties Inc. (RSE). The company, which has ownership or management interest in about 135 shopping malls across the U.S., emerged from bankruptcy in 2010 via a $7 billion recapitalization led by Brookfield Asset Management Inc. (BAM). General Growth posted a loss of $197.6 million, or 21 cents a share, compared with a year-earlier profit of $5.7 million, or less than a penny a share. The company posted a $143.1 million warrant liability adjustment charge, while the year-ago period included a gain of $76.4 million in the same line. Core funds from operations, a key profitability metric for real-estate investment trusts, reached 22 cents, compared with 21 cents a year ago. Its February projection was 21 cents to 23 cents. Revenue fell 1.3% to $612.1 million. Analysts expected $660 million. The regional mall leasing rate reached 93.7%, up from 92.9% a year earlier. Shares closed Tuesday at $17.92 and were inactive in after-hours trading. The stock was up 23% so far this year. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for General Growth Properties (GGP)
DateTimeHeadline
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?
05/07/201516:01:00GGP Makes Mother’s Day Shopping Simple and Stress Free
05/05/201516:01:00GGP Issues 2015 Sustainability Report
05/01/201506:31:43Quarterly Report (10-q)
04/30/201512:10:08Sears to Form Joint Venture with Macerich
04/30/201511:18:06Sears to Form Joint Venture with Macerich
04/28/201507:09:34General Growth Properties Rating Reiterated by Oppenheimer (GGP)
04/27/201518:08:38General Growth Posts Lower Revenue, Higher FFO
04/27/201516:01:47Current Report Filing (8-k)
04/27/201516:01:00GGP Reports First Quarter 2015 Results
04/21/201516:02:00General Growth Properties Announces Acquisition of The Crown...
04/20/201513:31:44Barclays Cuts General Growth Properties Price Target to $33.00...
04/17/201516:50:19Current Report Filing (8-k)

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