Rouse Properties, Inc. (RSE), a company spun off from General Growth Properties, Inc. (GGP), reported a first-quarter net loss of $26.1 million or $0.71 per share, wider than the net loss of $6.5 million or $0.18 per share in the same period last year.
Core funds from operations, or FFO, for the quarter was $15.0 miliion or $0.41 per share, compared to $18.7 million or $0.52 per share last year.
Total revenues for the quarter declined to $56.4 million from $59.1 million in the year-ago quarter.
The board of directors declared a common stock dividend of $0.07 per share, payable on July 30 to shareholders of record on July 16.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.