General Growth Properties (GGP) Declares $0.22 Quarterly Dividend; 4.4% Yield
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General Growth Properties (GGP) Tops Q3 EPS by 12c, Beat on Revenues; Offers FY17 EPS Mid-Point Guidance Above Consensus
October 31, 2017 7:12 AM EDTGeneral Growth Properties (NYSE: GGP) reported Q3 EPS of $0.23, $0.12 better than the analyst estimate of $0.11. Revenue for the quarter came in at $578.36 million versus the consensus estimate of $549.44 million.
Operating Results
For the three months ended September 30, 2017, net income attributable to GGP was $223 million, or $0.23 per diluted share, as compared to $674 million, or $0.70 per diluted share, in the prior year period. For the nine months ended September 30, 2017, net income attributable to GGP was $456 million, or $0.47 per diluted share, as compared to $1.05 billion, or $1.09 per... More