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CHICAGO—Last week, General Growth Properties released its first quarter results and analysts seem pleased with the Chicago-based real estate investment trust’s performance and its overall outlook. The trust reported that its funds from operations per share increased 21.4% to $0.31 per diluted share from $0.25 per diluted share in last year’s first quarter, and funds from operations increased 15.8% to $292 million from $253 million in last year’s first quarter. And its EBITDA increased 4.1% to $501 million from $481 million in last year’s first quarter.

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