General Growth Properties Inc. (GGP) Monday reported first-quarter funds from operations of $251.8 million or $0.25 per share, up from $221.7 million or $0.22 per share last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.24 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Net loss attributable to common stockholders was $13.7 million or $0.01 per share, as compared to a net loss of $197.6 million or $0.21 per share last year.
Total revenues for the quarter grew to $637.8 million from $596.6 million last year.
Analysts currently estimate sales of $645.32 million for the quarter.
For 2013, the company now expects FFO of $1.11 to $1.15 per share, up from previous estimate of $1.08 to $1.12 per share. Analysts currently estimate FFO of $1.11 per share for the year.
For the second quarter, the company expects FFO of $0.24 to $0.26 per share. Analysts currently estimate FFO of $0.25 per share for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.