General Growth Properties, Inc.
News and overview for General Growth Properties, Inc.
Simon reportedly mulls General Growth bid - MarketWatch
MarketWatch | 6 days 11 hours 36 minutes ago
Gold futures soar to record above $1,150/oz
General Growth Properties, Inc. Releases Operational Results for Third Quarter 2009 [Press Release]
Business Wire | 19 days 1 hour 3 minutes ago
General Growth Properties, Inc. (the Company) reported today its third quarter 2009 operating results. For the third quarter of 2009, Core Funds From Operations (Core FFO) per fully diluted share were $0.28, Funds From Operations (FFO) per fully diluted share were $0.31 and Earnings per share – diluted (EPS) were a loss of $0.38. In the comparable 2008 period, Core FFO per fully diluted share were $0.62, FFO per fully diluted share were $0.56 and EPS were a loss of $0.08. Core FFO and FFO dec...
General Growth Properties Reaches Agreements in Principle on Certain Mortgage Related Debt [Press Release]
Business Wire | 5 days 9 hours 5 minutes ago
GENERAL GROWTH PROPERTIES, INC. (“GGP”) today announced it has reached agreements in principle to restructure approximately $8.9 billion of secured mortgage loans. Key provisions of the agreements include maturity date extensions resulting in an average loan duration of approximately 6.4 years from January 1, 2010, with no such loan maturing prior to January 2014, and continuation of interest at the current non-default rate. The weighted average contract interest rate for the 70 loans covered...
City of Atlanta and General Growth Properties Kick off the New Atlanta Street Vending Program [Press Release]
Business Wire | 42 days 15 hours 30 minutes ago
The City of Atlanta and General Growth Properties, Inc. (GGP) have launched the first phase of an innovative partnership under which GGP will manage the Atlanta on-street vending program. It is one of the most comprehensive public-private partnerships of its kind in the country.
General Growth, lenders reach mall debt deal
Oregonian (Portland), The | 5 days 4 hours 43 minutes ago
Mall operator General Growth Properties Inc., which filed for bankruptcy earlier this year, said today its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.
General Growth, lenders agree on mall debt rework
Yahoo! | 4 days 11 hours 43 minutes ago
LOS ANGELES – Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.
General Growth says creditors agree to restructure $8.9B in shopping center mortgage loans
Los Angeles Times | 5 days 2 hours 55 minutes ago
LOS ANGELES (AP) — Mall operator General Growth Properties Inc., which filed the largest U.S.
General Growth says it has a deal with lenders
Chicago Tribune | 5 days 6 hours 35 minutes ago
LOS ANGELES -- Mall operator General Growth Properties Inc. says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers.
General Growth says some malls may exit bankruptcy
Yahoo! | 5 days 6 hours 57 minutes ago
LOS ANGELES – Mall operator General Growth Properties Inc. says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers.
General Growth says creditors agree to restructure $8.9B in shopping center loans
Sun (Baltimore), The | 5 days 6 hours 39 minutes ago
Mall operator General Growth Properties Inc. says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers.
General Growth says creditors agree to restructure $8.9B in shopping center loans -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 5 days 7 hours 21 minutes ago
LOS ANGELES (AP) — Mall operator General Growth Properties Inc. says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers.
Simon reportedly mulls General Growth bid
MarketWatch | 6 days 11 hours 16 minutes ago
Simon Property Group Inc. /quotes/comstock/13!spg/quotes/nls/spg (SPG 74
Simon Property Group hires advisers; analysts see possible bid for General Growth Properties
American City Business Journals | 4 days 18 hours 11 minutes ago
Simon Property Group Inc., America’s largest shopping center owner, has hired two advisory firms that real estate experts could help it acquire all or part of rival General Growth Properties Inc.
General Growth Gets Mortgage Pact
Wall Street Journal, The | 4 days 20 hours 40 minutes ago
Mall owner General Growth Properties Inc. told a bankruptcy court it had reached a deal with lenders and servicers to restructure $8.9 billion of mortgages on 77 malls in hopes of removing them from bankruptcy protection by year's end.
Vornado Targets Ailing Retailers But May Face Hurdles of Its Own
Wall Street Journal, The | 35 days 3 hours 48 minutes ago
...discount chain Filene's Basement Inc. to get a below-market lease...bankruptcy protection, like mall giant General Growth Properties Inc., or struggled to hold on to...investments, like Tishman Speyer Properties. Others are amassing capital...
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Company Overview
| Company: | General Growth Properties, Inc. |
|---|---|
| Industry: | Retail REITs |
| Website: | http://www.generalgrowth.com |
General Growth Properties has an idea for an economic stimulus plan: Everybody shop! With some 200 shopping malls throughout the US, General Growth is the country's #2 mall operator, behind Simon Property Group. The real estate investment trust (REIT) owns or operates some 200 million sq. ft. of retail space leased to tenants including J. C. Penney, Sears, and Old Navy. Its 2004 acquisition of The Rouse Company gave the company entry to the master-planned community business; it also owns office and industrial space and manages properties for third-party owners. In early 2009, General Growth Properties filed for Chapter 11 bankruptcy protection after struggling to handle debt levels of more than $25 billion.
Key Numbers
| Sales in U.S. Dollars (mil.) | 3,361.5 (2008) |
|---|---|
| One-year % Growth in Sales | 3.1 (2008) |
| Net Income in U.S. Dollars (mil.) | 26.3 (2008) |
| One-year % Growth in Net Income | -90.9 (2008) |
| Number of Employees | 3,500 (2008) |
| One-year % Growth in Number of Employees | -16.7 (2008) |
| Fiscal Year-End | December |