CHICAGO—General Growth Properties just releasedits second quarter results and analysts seem pleased with theChicago-based real estate investment trust's performance and itsoverall outlook.
“General Growth posted another solid quarter in 2Q14 as organicgrowth remains healthy,” according to an analysis just released byRBC Capital Markets. “Given the company's highquality regional mall portfolio, we look for organic growth toremain strong over the next several years. General Growth's newforay into very high end street retail is a positive for thecompany, in our view, and complements a deepening redevelopmentpipeline.”
The trust reported that its funds from operations per shareincreased from $0.27 per diluted share in last year's secondquarter to $0.31 this year. Company funds from operations increased11.8% to $298 million from last year's second quarter. And itsEBITDA increased to $507 million, up 5.0% fromlast year's second quarter.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
