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.
For comments and feedback: editorial@rttnews.com