General Growth Properties (GGP) Raises Quarterly Dividend 5.6% to $0.19; 2.6% Yield

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Go back to General Growth Properties (GGP) Raises Quarterly Dividend 5.6% to $0.19; 2.6% Yield

GGP Reports Third Quarter 2015 Results, 2016 Full Year Guidance and Raises Quarterly Dividend

November 2, 2015 4:01 PM EST

CHICAGO--(BUSINESS WIRE)-- General Growth Properties, Inc. (the Company or GGP) (NYSE: GGP) today reported results for the three and nine months ended September 30, 2015.

Financial Results

For the Three Months Ended September 30, 2015

Comparable net operating income (Same Store NOI) increased 5.1% to $560 million from $533 million in the prior year period.

Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) increased 5.6% to $526 million from $498 million in the prior year period.

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