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Last $28.56 USD
Change Today -0.10 / -0.35%
Volume 3.1M
GGP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

general growth properties (GGP) Snapshot

Open
$28.59
Previous Close
$28.66
Day High
$28.77
Day Low
$28.38
52 Week High
01/28/15 - $31.70
52 Week Low
04/28/14 - $22.57
Market Cap
25.3B
Average Volume 10 Days
3.3M
EPS TTM
$0.40
Shares Outstanding
885.4M
EX-Date
04/13/15
P/E TM
72.2x
Dividend
$0.68
Dividend Yield
2.28%
Current Stock Chart for GENERAL GROWTH PROPERTIES (GGP)

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 is based in Chicago, Illinois.

1,800 Employees
Last Reported Date: 03/2/15

general growth properties (GGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $750.0K
Chief Operating Officer
Total Annual Compensation: $750.0K
Executive Vice President of Anchors, Developm...
Total Annual Compensation: $750.0K
Senior Executive Vice President of Mall Leasi...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2014.

general growth properties (GGP) Key Developments

Sears Holdings Enters into a Joint Venture with General Growth Properties

Sears Holdings has entered into a joint venture with General Growth Properties (GGP) through which SHLD has contributed 12 Sears Holdings properties at GGP malls. As part of the transaction, GGP has contributed cash to the JV, and the JV has leased back the existing SHLD stores. SHLD contributed its properties to the JV in exchange for an interest in the JV and $165 million in cash. The transaction values the properties at $330 million. A subsidiary of GGP has made a cash contribution of $165 million to the JV in exchange for a 50% interest in the JV, and the funds have been distributed to SHLD which will own the other 50% interest upon consummation of the transaction. SHLD has agreed to lease back the contributed properties from the JV under a triple-net master lease agreement for a period of ten years, with two five-year renewal options. The initial amount of aggregate base rent under the Master Lease will be $17.3 million. The JV has the ability to recapture up to 50% of the space leased to Sears Holdings and then re-lease this space to other tenants. The JV will be governed by an executive committee on which Sears Holdings and GGP have equal representation. An affiliate of GGP will be the leasing manager and property manager for the properties.

General Growth Properties, Inc Presents at ReitWise 2015, Apr-01-2015 02:45 PM

General Growth Properties, Inc Presents at ReitWise 2015, Apr-01-2015 02:45 PM. Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United States. Speakers: Kathleen Courtis, SVP.

General Growth Properties, Inc Presents at Sanford Bernsteins 2nd Annual Financials Summit, Mar-11-2015 11:30 AM

General Growth Properties, Inc Presents at Sanford Bernsteins 2nd Annual Financials Summit, Mar-11-2015 11:30 AM. Venue: Taj Boston, Boston, Massachusetts, United States.

 

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