Last $24.57 USD
Change Today +0.30 / 1.24%
Volume 3.1M
GGP On Other Exchanges
Symbol
Exchange
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As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

general growth properties (GGP) Snapshot

Open
$24.26
Previous Close
$24.27
Day High
$24.59
Day Low
$24.26
52 Week High
08/21/14 - $24.60
52 Week Low
09/5/13 - $18.67
Market Cap
21.7B
Average Volume 10 Days
2.7M
EPS TTM
$0.21
Shares Outstanding
883.8M
EX-Date
10/10/14
P/E TM
117.0x
Dividend
$0.64
Dividend Yield
2.32%
Current Stock Chart for GENERAL GROWTH PROPERTIES (GGP)

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general growth properties (GGP) Details

General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc was founded in 1986 and is based in Chicago, Illinois.

1,500 Employees
Last Reported Date: 02/21/14
Founded in 1986

general growth properties (GGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $4.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Executive Vice President, Anchors, Developmen...
Total Annual Compensation: $1.8M
Senior Executive Vice President of Mall Leasi...
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2013.

general growth properties (GGP) Key Developments

General Growth Properties Declares Common Stock Dividend for the Third Quarter of 2014 and Preferred Dividends, Payable on October 31, 2014 and October 1, 2014 Respectively

General Growth Properties Inc. announced its Board of Directors declared a third quarter common stock dividend of $0.16 per share payable on October 31, 2014, to stockholders of record on October 15, 2014. The dividend represents an increase of $0.03 per share, or approximately 23%, from the third quarter 2013 common stock dividend. The Board of Directors also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock of $0.3984 per share payable on October 1, 2014, to stockholders of record on September 15, 2014.

General Growth Properties, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter Ending September 30, 2014 and Second Half Year and for the Full Year Ending December 31, 2014

General Growth Properties Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $617,623,000 against $599,543,000 a year ago. Operating income was $207,913,000 against $198,637,000 a year ago. Income from continuing operations was $56,423,000 against $217,263,000 a year ago. Net income attributable to common shareholders was $169,740,000 against $205,391,000 a year ago. Diluted earnings per share were $0.18 against $0.21 a year ago. Income before income taxes, equity in income of unconsolidated real estate affiliates, discontinued operations, non-controlling interests and preferred stock dividends was $41,047,000 against $204,658,000 a year ago. Company funds from operations per share increased 17.7% to $0.31 per diluted share from $0.27 per diluted share in the prior year period. FFO increased 11.8% to $298 million from $266 million in the prior year period. Company earnings before interest, taxes, depreciation and amortization increased 5.0% to $507 million from $483 million in the prior year period. Net operating income increased 5.0% to $537 million from $512 million in the prior year period. Net income attributable to GGP was $174 million, or $0.18 per diluted share, as compared to net income of $209 million, or $0.21 per diluted share, in the prior year period. For the six months, total revenues of $1,246,191,000 against $1,223,796,000 a year ago. Operating income was $431,868,000 against $395,756,000 a year ago. Income before income taxes, equity in income of unconsolidated real estate affiliates, discontinued operations, non-controlling interests and preferred stock dividends was $97,046,000 against $161,988,000 a year ago. Income from continuing operations was $115,887,000 against $191,094,000 a year ago. Net income attributable to common shareholders was $293,792,000 against $191,740,000 a year ago. Diluted earnings per share were $0.31 against $0.20 a year ago. FFO per share increased 19.5% to $0.62 per diluted share from $0.52 per diluted share in the prior year period. FFO increased 13.7% to $590 million from $519 million in the prior year period. EBITDA increased 4.5% to $1,005 million from $962 million in the prior year period. Same Store NOI increased 5.4% to $1,071 million from $1,016 million in the prior year period. Net income attributable to GGP was $302 million, or $0.31 per diluted share, as compared to net income of $198 million, or $0.20 income per diluted share, in the prior year period. Capital expenditures was $68,818,000 against $58,168,000 a year ago. Portfolio net debt as at June 30, 2014 was $18,961,425,000. The company expects FFO for the year ending December 31, 2014, is expected to be $1.30 to $1.32 per diluted share. Net income attributable to common stockholders is to be in the range between from $0.50 to $0.52. Net income attributable to GGP per share is to be in the range between from $0.52 to $0.54. Depreciation, including share of joint ventures is to be $0.92 per share. The company continue to expects same-store NOI of 4% to 4.5%, EBITDA growth of 4.5%. For the third quarter ending September 30, 2014, the company expects FFO for the third quarter 2014 is expected to be $0.30 to $0.32 per diluted share. The company expects FFO in the range of $290 million to $300 million. Net income attributable to common stockholders is to be in the range between from $0.06 to $0.08. Net income attributable to GGP per share is to be in the range between from $0.06 to $0.08. Depreciation, including share of joint ventures is to be $0.23 per share. The company expects EBITDA of about $510 million, representing approximately 4.5% growth. The company expects its same-store NOI growth to moderate during the second half 2014 to be more in the 3% to 3.5% range, due primarily to a large one-time positive nonrecurring item that occurred in the second half of 2013. Without the one-time item, second half NOI growth would be approximately 5%.

General Growth Properties, Inc to Report Q2, 2014 Results on Jul 28, 2014

General Growth Properties, Inc announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 28, 2014

 

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Valuation GGP Industry Range
Price/Earnings 100.0x
Price/Sales 8.1x
Price/Book 2.9x
Price/Cash Flow 18.8x
TEV/Sales 1.7x
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