General Growth Properties Company Profile (NYSE:GGP)

About General Growth Properties (NYSE:GGP)

General Growth Properties logoGGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Retail REITs
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:GGP
  • CUSIP: 37002310
  • Web:
  • Market Cap: $20.54717 billion
  • Outstanding Shares: 884,505,000
Average Prices:
  • 50 Day Moving Avg: $23.41
  • 200 Day Moving Avg: $23.69
  • 52 Week Range: $21.05 - $32.10
  • Trailing P/E Ratio: 18.62
  • Foreward P/E Ratio: 14.20
  • P/E Growth: 7.85
Sales & Book Value:
  • Annual Revenue: $2.54 billion
  • Price / Sales: 8.11
  • Book Value: $9.35 per share
  • Price / Book: 2.49
  • Annual Dividend: $0.88
  • Dividend Yield: 3.8%
  • EBIDTA: $1.79 billion
  • Net Margins: 52.21%
  • Return on Equity: 14.38%
  • Return on Assets: 5.27%
  • Debt-to-Equity Ratio: 1.53%
  • Current Ratio: 2.07%
  • Quick Ratio: 2.07%
  • Average Volume: 6.82 million shs.
  • Beta: 0.77
  • Short Ratio: 9.27
Frequently Asked Questions for General Growth Properties (NYSE:GGP)

What is General Growth Properties' stock symbol?

General Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGP."

How often does General Growth Properties pay dividends? What is the dividend yield for General Growth Properties?

General Growth Properties declared a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, July 13th will be given a dividend of $0.22 per share on Friday, July 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Tuesday, July 11th. View General Growth Properties' Dividend History.

How were General Growth Properties' earnings last quarter?

General Growth Properties, Inc. (NYSE:GGP) issued its earnings results on Monday, May, 1st. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.25. The business had revenue of $566.33 million for the quarter, compared to analysts' expectations of $561.66 million. General Growth Properties had a net margin of 52.21% and a return on equity of 14.38%. The company's revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. View General Growth Properties' Earnings History.

When will General Growth Properties make its next earnings announcement?

General Growth Properties is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for General Growth Properties.

What guidance has General Growth Properties issued on next quarter's earnings?

General Growth Properties updated its FY17 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.56-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.58. General Growth Properties also updated its Q2 guidance to $0.34-0.36 EPS.

Where is General Growth Properties' stock going? Where will General Growth Properties' stock price be in 2017?

13 equities research analysts have issued 1 year target prices for General Growth Properties' shares. Their forecasts range from $22.00 to $35.00. On average, they anticipate General Growth Properties' stock price to reach $29.38 in the next twelve months. View Analyst Ratings for General Growth Properties.

Are investors shorting General Growth Properties?

General Growth Properties saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 59,457,794 shares, an increase of 5.2% from the June 15th total of 56,525,596 shares. Based on an average trading volume of 5,866,460 shares, the days-to-cover ratio is currently 10.1 days. Approximately 9.5% of the company's stock are sold short.

Who are some of General Growth Properties' key competitors?

Who are General Growth Properties' key executives?

General Growth Properties' management team includes the folowing people:

  • Bruce J. Flatt, Independent Chairman of the Board
  • Shobi Khan, President, Chief Operating Officer
  • Sandeep Lakhmi Mathrani, Chief Executive Officer, Director
  • Michael B. Berman, Chief Financial Officer, Executive Vice President
  • Alan J. Barocas, Senior Executive Vice President - Leasing
  • Marvin J. Levine, Executive Vice President, Chief Legal Officer
  • Richard S. Pesin, Executive Vice President - Anchors, Development and Construction
  • Tara L. Marszewski, Senior Vice President, Chief Accounting Officer
  • Richard Byron Clark, Independent Director
  • Mary Lou Fiala, Independent Director

How do I buy General Growth Properties stock?

Shares of General Growth Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is General Growth Properties' stock price today?

One share of General Growth Properties stock can currently be purchased for approximately $23.28.

MarketBeat Community Rating for General Growth Properties (NYSE GGP)
Community Ranking:  2.6 out of 5 ( )
Outperform Votes:  262 (Vote Outperform)
Underperform Votes:  250 (Vote Underperform)
Total Votes:  512
MarketBeat's community ratings are surveys of what our community members think about General Growth Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for General Growth Properties (NYSE:GGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.54)
Consensus Price Target: $29.38 (26.18% upside)

Analysts' Ratings History for General Growth Properties (NYSE:GGP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Stifel NicolausInitiated CoverageBuy$27.00HighView Rating Details
6/20/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$23.00 -> $22.00MediumView Rating Details
6/9/2017Barclays PLCLower Price TargetEqual Weight$25.00 -> $24.00LowView Rating Details
5/30/2017MizuhoDowngradeBuy -> Neutral$30.00 -> $24.50MediumView Rating Details
5/15/2017Royal Bank Of CanadaLower Price TargetOutperform$29.00 -> $28.00N/AView Rating Details
1/12/2017BMO Capital MarketsReiterated RatingBuy$31.00N/AView Rating Details
1/9/2017Deutsche Bank AGReiterated RatingBuy -> Hold$36.00 -> $27.00N/AView Rating Details
10/14/2016Sandler O'NeillUpgradeHold -> Buy$31.00N/AView Rating Details
10/12/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$35.00N/AView Rating Details
8/31/2016Hilliard LyonsInitiated CoverageNeutralN/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$35.00N/AView Rating Details
8/8/2016Citigroup Inc.Boost Price TargetBuy$34.00 -> $35.00N/AView Rating Details
8/3/2016Credit Suisse GroupReiterated RatingOutperform$32.00 -> $33.00N/AView Rating Details
5/2/2016Bank of America CorporationReiterated RatingBuyN/AView Rating Details
3/21/2016Evercore ISIBoost Price Target$32.00N/AView Rating Details
1/14/2016SunTrust Banks, Inc.Lower Price TargetBuy$35.00 -> $30.00N/AView Rating Details
12/17/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$31.00 -> $29.00N/AView Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$32.00N/AView Rating Details
10/14/2015Cowen and CompanyBoost Price TargetOutperform$33.50 -> $40.00N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetBuy$33.00 -> $32.00N/AView Rating Details
8/12/2015S&P Equity ResearchReiterated RatingBuy$33.00N/AView Rating Details
(Data available from 7/24/2015 forward)


Earnings History for General Growth Properties (NYSE:GGP)
Earnings by Quarter for General Growth Properties (NYSE:GGP)
Earnings History by Quarter for General Growth Properties (NYSE GGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017Q1 2017$0.36$0.11$561.66 million$566.33 millionViewListenView Earnings Details
1/30/2017Q416$0.43$0.43$602.50 million$610.30 millionViewListenView Earnings Details
10/31/2016Q316$0.35$0.35$564.02 million$554.50 millionViewListenView Earnings Details
8/1/2016Q216$0.36$0.35$577.90 million$574.60 millionViewListenView Earnings Details
5/2/2016Q116$0.35$0.40$583.80 million$607.00 millionViewN/AView Earnings Details
2/1/2016Q415$0.42$0.43$628.02 million$644.60 millionViewN/AView Earnings Details
11/2/2015Q315$0.35$0.36$594.43 million$595.30 millionViewListenView Earnings Details
8/3/2015Q215$0.33$0.33$619.12 million$579.98 millionViewListenView Earnings Details
4/27/2015Q115$0.32$0.32$631.26 million$594.10 millionViewN/AView Earnings Details
1/28/2015Q414$0.38$0.38$683.73 million$673.02 millionViewN/AView Earnings Details
10/27/2014Q314$0.32$0.33$611.70 million$631.80 millionViewN/AView Earnings Details
7/28/2014Q214$0.31$0.31$606.60 million$617.62 millionViewN/AView Earnings Details
4/28/2014Q114$0.30$0.31$612.90 million$631.92 millionViewN/AView Earnings Details
2/3/2014Q413$0.35$0.36$664.08 million$681.40 millionViewN/AView Earnings Details
10/28/2013Q313$0.27$0.29$656.60 million$620.70 millionViewN/AView Earnings Details
7/29/2013Q213$0.25$0.27$675.80 million$613.23 millionViewN/AView Earnings Details
4/29/2013Q113$0.24$0.25$650.02 million$637.80 millionViewN/AView Earnings Details
2/4/2013Q4 2012$0.29$0.31$669.85 million$675.71 millionViewN/AView Earnings Details
10/31/2012$0.23$0.23ViewN/AView Earnings Details
8/1/2012$0.21$0.23ViewN/AView Earnings Details
5/1/2012$0.21$0.22ViewN/AView Earnings Details
11/9/2011$0.22$0.23ViewN/AView Earnings Details
8/2/2011$0.23$0.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for General Growth Properties (NYSE:GGP)
2017 EPS Consensus Estimate: $1.56
2018 EPS Consensus Estimate: $1.65
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.35$0.36$0.36
Q2 20173$0.34$0.37$0.36
Q3 20173$0.39$0.39$0.39
Q4 20173$0.44$0.48$0.46
Q1 20182$0.38$0.38$0.38
Q2 20182$0.37$0.39$0.38
Q3 20182$0.40$0.41$0.41
Q4 20182$0.47$0.50$0.49
(Data provided by Zacks Investment Research)


Current Dividend Information for General Growth Properties (NYSE:GGP)
Next Dividend:7/28/2017
Annual Dividend:$0.88
Dividend Yield:3.78%
Dividend Growth:17.10% (3 Year Average)
Payout Ratio:70.97% (Trailing 12 Months of Earnings)
56.41% (Based on This Year's Estimates)
53.66% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for General Growth Properties (NYSE:GGP)

Dividend History by Quarter for General Growth Properties (NYSE GGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for General Growth Properties (NYSE:GGP)
Insider Ownership Percentage: 35.60%
Institutional Ownership Percentage: 92.25%
Insider Trades by Quarter for General Growth Properties (NYSE:GGP)
Institutional Ownership by Quarter for General Growth Properties (NYSE:GGP)
Insider Trades by Quarter for General Growth Properties (NYSE:GGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/16/2017Michael B. BermanCFOSell150,000$25.00$3,750,000.00View SEC Filing  
1/9/2017Tara MarszewskiSVPSell242$25.60$6,195.20View SEC Filing  
8/19/2016Michael B. BermanCFOSell189,474$29.15$5,523,167.10View SEC Filing  
8/17/2016Sandeep MathraniCEOSell400,000$29.66$11,864,000.00View SEC Filing  
8/5/2016John K HaleyDirectorSell3,400$30.96$105,264.00View SEC Filing  
8/5/2016Tara MarszewskiSVPSell10,419$31.01$323,093.19View SEC Filing  
6/28/2016Alan J. BarocasEVPSell125,000$29.28$3,660,000.00View SEC Filing  
6/24/2016Sandeep MathraniCEOSell600,000$28.76$17,256,000.00View SEC Filing  
6/21/2016Michael B. BermanCFOSell90,000$28.60$2,574,000.00View SEC Filing  
4/8/2016Abu Dhabi Investment AuthorityMajor ShareholderSell936$28.81$26,966.16View SEC Filing  
4/6/2016Abu Dhabi Investment AuthorityInsiderSell22,400$29.07$651,168.00View SEC Filing  
12/18/2015Abu Dhabi Investment AuthorityInsiderSell6,051$26.22$158,657.22View SEC Filing  
12/16/2015Abu Dhabi Investment AuthorityInsiderSell59,463$26.71$1,588,256.73View SEC Filing  
11/30/2015Abu Dhabi Investment AuthorityMajor ShareholderSell42,489$25.82$1,097,065.98View SEC Filing  
11/11/2015Abu Dhabi Investment AuthorityMajor ShareholderSell67,049$26.75$1,793,560.75View SEC Filing  
9/18/2015Abu Dhabi Investment AuthorityMajor ShareholderSell58,000$25.73$1,492,340.00View SEC Filing  
9/17/2015Michael B. BermanCFOSell90,000$25.75$2,317,500.00View SEC Filing  
3/25/2015Alan J BarocasEVPSell200,000$30.60$6,120,000.00View SEC Filing  
3/17/2015Sandeep MathraniCEOSell323,450$30.07$9,726,141.50View SEC Filing  
3/13/2015Fund Board Of Guardians FutureMajor ShareholderSell500,000$29.40$14,700,000.00View SEC Filing  
3/12/2015Fund Board Of Guardians FutureMajor ShareholderSell3,667,691$29.21$107,133,254.11View SEC Filing  
3/5/2015Fund Board Of Guardians FutureMajor ShareholderSell2,800,000$29.16$81,648,000.00View SEC Filing  
2/12/2015Fund Board Of Guardians FutureMajor ShareholderSell2,555,000$29.49$75,346,950.00View SEC Filing  
2/9/2015Fund Board Of Guardians FutureMajor ShareholderSell1,550,000$30.24$46,872,000.00View SEC Filing  
9/2/2014Abu Dhabi Investment AuthorityMajor ShareholderSell2,971$24.48$72,730.08View SEC Filing  
9/2/2014Michael B BermanCFOSell160,000$24.51$3,921,600.00View SEC Filing  
6/20/2014Abu Dhabi Investment AuthorityMajor ShareholderSell298,607$23.90$7,136,707.30View SEC Filing  
2/11/2014John HaleyDirectorBuy3,400$20.90$71,060.00View SEC Filing  
12/9/2013Abu Dhabi Investment Authoritymajor shareholderBuy2,568,934$21.17$54,384,332.78View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for General Growth Properties (NYSE:GGP)
Latest Headlines for General Growth Properties (NYSE:GGP)
DateHeadline logoGeneral Growth Properties, Inc. (GGP) Expected to Announce Quarterly Sales of $576.75 Million - July 19 at 4:54 PM logoGeneral Growth Properties, Inc. (GGP) Receives Average Recommendation of "Hold" from Brokerages - July 18 at 12:48 AM logoZacks Investment Research Downgrades General Growth Properties, Inc. (GGP) to Sell - July 17 at 12:52 PM logoETFs with exposure to GGP, Inc. : July 14, 2017 - July 14 at 7:58 PM logoGeneral Growth Properties, Inc. (NYSE:GGP) Research Coverage Started at Stifel Nicolaus - July 14 at 9:10 AM logoSeritage Growth Properties Announces Joint Venture Transactions With GGP Inc. - July 13 at 9:05 PM logoHoward Hughes Corp.'s top Hawaii exec promoted to corporate role - July 8 at 11:02 AM logoGGP, Inc. breached its 50 day moving average in a Bearish Manner : GGP-US : July 7, 2017 - July 8 at 11:02 AM logoGeneral Growth Properties, Inc. (GGP) Sees Large Growth in Short Interest - July 1 at 7:18 AM logoGGP Schedules Second Quarter 2017 Earnings Release and Conference Call - June 27 at 5:39 PM logo$582.72 Million in Sales Expected for General Growth Properties, Inc. (GGP) This Quarter - June 23 at 7:42 PM logoGeode Capital Management, Llc Buys Abbott Laboratories, TechnipFMC PLC, GGP Inc, Sells Spectra ... - Nasdaq - June 23 at 1:42 AM logo Brokerages Anticipate General Growth Properties, Inc. (GGP) Will Post Earnings of $0.36 Per Share - June 21 at 8:04 AM logoGeneral Growth Properties, Inc. (GGP) Receives Consensus Rating of "Hold" from Analysts - June 21 at 12:38 AM logoGeneral Growth downgraded to Sell at Goldman - June 20 at 6:12 PM logoAre REITs Undervalued? Should Retailers Go Private? And Other CRE QuestionsFrom RECon - June 20 at 6:12 PM logoGoldman: buy this beaten-down REIT - June 20 at 6:12 PM logoGeneral Growth Properties, Inc. (GGP) Downgraded to "Sell" at Goldman Sachs Group, Inc. (The) - June 20 at 8:10 AM logoGeneral Growth Properties, Inc. (GGP) Upgraded to "Hold" by BidaskClub - June 17 at 6:02 PM logoHow AvalonBay Communities Leverages Its Balance Sheet - June 16 at 6:09 PM logoETFs with exposure to GGP, Inc. : June 15, 2017 - June 15 at 7:36 PM logoSunTrust Banks Weighs in on General Growth Properties, Inc.'s Q2 2017 Earnings (GGP) - June 15 at 8:24 AM logoAdversity Is Bitter, But Its Uses May Be Sweet - June 12 at 6:13 PM logoGymboree files for Chapter 11 bankruptcy; CFO leaves retailer - June 12 at 6:13 PM logoGGP Inc (GGP) Given Equal Weight Rating at Barclays PLC - June 9 at 10:48 PM logoWaiting For The Shoe To Drop - June 9 at 10:11 AM logoGGP, Inc. breached its 50 day moving average in a Bullish Manner : GGP-US : June 8, 2017 - June 8 at 11:28 PM logoCEE MARKETS-Zloty eases, central bank chief sees no rate hike until end-2018 - June 8 at 2:59 AM logoShort Squeeze May Send Mall REITs Surging - Seeking Alpha - June 7 at 4:55 PM logoDave & Buster's coming to Louisville - June 7 at 10:58 AM logoGGP to Present at NAREIT’s REITWeek 2017 Investor Forum - June 6 at 5:51 PM logoGGP Inc (GGP) Downgraded to Hold at ValuEngine - June 4 at 3:00 PM logo[$$] REITs: Should You Buy the Winners or the Losers? - June 2 at 11:46 PM logoWhy Is GGP Inc (GGP) Down 3.7% Since the Last Earnings Report? - Nasdaq - June 1 at 6:12 PM logoWhy Is GGP Inc (GGP) Down 3.7% Since the Last Earnings Report? - June 1 at 6:12 PM logoGGP Inc (GGP) Downgraded to "Neutral" at Mizuho - May 31 at 10:04 PM logoGGP: A Rewarding Stock for Shareholders - May 31 at 9:04 AM logoREIT Stocks Under Scanner -- GGP Inc., DDR Corp., Kimco Realty, and Weingarten Realty Investors - PR Newswire (press release) - May 30 at 11:07 AM logoGGP: Redevelopment Helps Drive Traffic to Changing Malls - May 30 at 11:07 AM logoHow the Fed’s Rate Hike Affects GGP and Other Retail REITs - May 30 at 11:06 AM logoThis Is What Will Happen To All The Empty Stores You're Seeing - May 30 at 11:06 AM logoGGP and Retail REITs: Malls Are Winning the Fight against Depletion - May 30 at 11:06 AM logoGGP Inc.—A Growth Story amid Struggling Retail REITs - May 29 at 10:15 AM logoGGP Reports Lower Revenues: A Matter of Concern? - May 29 at 10:14 AM logoZacks: Analysts Expect GGP Inc (GGP) Will Announce Quarterly Sales of $584.02 Million - May 27 at 8:06 AM logoGGP Inc (GGP) Given Average Recommendation of "Buy" by Brokerages - May 27 at 12:46 AM logoThe Biggest Loser: GGP Slumps 4.4% - May 26 at 6:05 PM logoRetail REIT shares rally as fear of e-commerce competition ebbs - May 25 at 7:46 PM logoLolli & Pops Embraces Brick-and-Mortar Retail with GGP Partnership - May 22 at 11:17 AM logoGGP, Inc. breached its 50 day moving average in a Bullish Manner : GGP-US : May 22, 2017 - May 22 at 11:17 AM



General Growth Properties (GGP) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by Staff