Filed for bankruptcy coming out of the financial crisis but they are fine now. Have done a great job of shedding non-core assets that aren`t involved in retail as well as to ensure debt structure is laddered. Will benefit from the strength in the US consumer.
Premier shopping malls across the US. Portfolio has been repositioned and they have gotten rid of non-core assets. We are starting to see the fruits of their labour. Sales per square foot are growing at about 5% per quarter. Anticipates more upside out of their portfolios. 2.7% distribution.
General Growth Properties Inc. is a OTC stock, trading under the symbol GGP-N on the (). It is usually referred to as or GGP-N
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In the last year, there was no coverage of General Growth Properties Inc. published on Stockchase.
On , General Growth Properties Inc. (GGP-N) stock closed at a price of $.
(Top Pick Nov 20/13, Up 19.41%) Owns high quality shopping malls in the US. Brookfield got it when they filed for bankrupsy during the financial crisis. They lowered their leverage and staggered out their debt maturities. Trades at a slight discount to net asset value.