General Growth Properties (GGP) Raises Quarterly Dividend 15.8% to $0.22; 3.5% Yield

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GGP Reports Third Quarter 2016 Results and Raises Dividend 16%

October 31, 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 nine months ended September 30, 2016.

Highlights

Company Same Store Net Operating Income (Company Same Store NOI) increased 3.8% and 4.2% from the prior year period for the three and nine months ended September 30, 2016, respectively. Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) increased 4.6% and 10.3% from the prior year period for the three and nine months ended September 30, 2016, respectively. Same Store... More