General Growth Properties (GGP) Tops Q1 FFO by 5c, Offers Guidance
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GGP Reports First Quarter 2016 Results and Declares Second Quarter Dividend
May 2, 2016 4:01 PM EDTCHICAGO--(BUSINESS WIRE)-- General Growth Properties, Inc. (the Company or GGP) (NYSE: GGP) today reported results for the three months ended March 31, 2016.
Financial Results
For the Three Months Ended March 31, 2016
Comparable net operating income (Same Store NOI) increased 5.2% to $561 million from $533 million in the prior year period.
Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) increased 20.2% to $590 million from $491 million in the prior year period.
Company funds from operations (Company FFO) per share increased 24.2% to $0.40 per diluted share from $0.32 per diluted share in the prior... More
