General Growth Properties (GGP) Raises Quarterly Dividend 11.1% to $0.20; 2.5% Yield

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Go back to General Growth Properties (GGP) Raises Quarterly Dividend 11.1% to $0.20; 2.5% Yield

GGP Reports Second Quarter 2016 Results and Raises Dividend 11%

August 1, 2016 4:01 PM EDT

CHICAGO--(BUSINESS WIRE)-- General Growth Properties, Inc. (the Company or GGP) (NYSE: GGP) today reported results for the three and six months ended June 30, 2016.

Highlights

Company Same Store Net Operating Income (Company Same Store NOI) increased 4.0% and 4.6% from the prior year period for the three and six months ended June 30, 2016, respectively. Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) increased 6.5% and 13.3% from the prior year period for the three and six months ended June 30, 2016, respectively. Same Store... More