General Growth Properties Inc

Latest General Growth Properties Inc News and Updates

  • uploads///MBA
    Macroeconomic Analysis

    Mortgage Applications Rose, Volatility Continued in January

    According to the MBA (Mortgage Bankers Association) survey, mortgage applications rose by 8.8% for the week ending January 22.

    By Lara Sheldon
  • uploads///Art  Departmental Stores
    Company & Industry Overviews

    GGP and Other Retail REITs Struggle to Exist in Digital Era

    During 1Q17, General Growth Properties’ (GGP) occupancy rate (same-store leased percentage) fell to 95.9% from 96.6% in 1Q16.

    By Jennifer Mathews
  • uploads///Art DE
    Company & Industry Overviews

    How Does GGP Manage Its Balance Sheet?

    GGP reached a debt-to-equity ratio 2.2x in 2014, its highest in the last five years.

    By Jennifer Mathews
  • uploads///Consumer Confidence
    Real Estate

    Why rising asset prices are driving consumer confidence higher

    The CCI is one of the oldest consumer surveys, originally started as a mail-in survey in 1967. It asks respondents whether certain conditions are positive, negative, or neutral.

    By Brent Nyitray, CFA, MBA
  • uploads///NOI
    Earnings Report

    How GGP Managed Its Expenses in 2Q17

    In 2Q17, GGP (GGP) reported NOI (net operating income) of $551.0 million, which came in higher than the previous year at $554.0 million.

    By Jennifer Mathews
  • uploads///GGPH
    Materials

    Why did Ackman’s Pershing Square exit General Growth Properties?

    Last week, Pershing Square exited its entire stake in General Growth Properties.

    By Samantha Nielson
  • uploads///APDH
    Materials

    Why Pershing Square increased its stake in Air Products and Chemicals

    Pershing Square increased its position in Air Products and Chemicals, Inc. from 21.31% in 3Q 2013 to 27.91% in 4Q 2013.

    By Samantha Nielson
  • uploads///Fed funds target
    Consumer

    Why the FOMC meeting will dominate the headlines this week

    The upcoming week has some important economic data, like housing starts and industrial production, but the FOMC meeting will dominate. Further tapering is more or less assured. The taper should completely finish by the end of the year.

    By Brent Nyitray, CFA, MBA
  • uploads///SPG dividend
    Real Estate

    Simon Property Group faces competition from online retailers

    Simon Property Group is by far the biggest shopping center REIT in the U.S., with a market capitalization of $53 billion. The next biggest REITs are less than half Simon’s size.

    By Brent Nyitray, CFA, MBA
  • uploads///Chart  ETF
    Company & Industry Overviews

    How to Invest in General Growth Properties through ETFs

    General Growth Properties has a market cap of $22.1 billion, is part of S&P 500 index, and sees allocation in the major REIT-specific ETFs like ICF.

    By Peter Barnes
  • uploads///GGP dividend
    Consumer

    Does the rise of Amazon consign malls to the dustbin of history?

    It’s conventional wisdom these days that e-commerce giants like Amazon.com means the end of the shopping mall (and brick-and-mortar retailers in general).

    By Brent Nyitray, CFA, MBA
  • uploads///GGP dividend
    Consumer

    Must-know: Does e-commerce mean the end of malls?

    General Growth CEO Sandeep Mathrani spent a lot of time on the conference call discussing the impact of e-commerce on his company (and mall REITs in general).

    By Brent Nyitray, CFA, MBA
  • uploads///Nonfarm Payrolls
    Financials

    Why the Fed is remaining on its glide path after the jobs report

    We had some other important data, primarily the ISM reports, which showed manufacturing accelerating. The ISM Services report showed that sector accelerating as well.

    By Brent Nyitray, CFA, MBA
  • uploads///C REV
    Company & Industry Overviews

    Assessing Macerich’s Robust Revenue Growth in Fiscal 2014

    Macerich reported a consolidated revenue of $1.1 billion in 2014—a figure up by 7.4% over 2013. In 2013, its revenue growth was a whopping 29.1% over 2012.

    By Peter Barnes
  • uploads///Art  Operating Expense
    Company & Industry Overviews

    How Rising Interest Rates Could Affect Equity Residential

    The Fed indicated that it could implement two more rate hikes in 2017. The market speculates one of the rate hikes could occur in June, and the other one is expected to occur around December 2017.

    By Jennifer Mathews
  • uploads/// year bond yield LT
    Financials

    Bonds rally on the slightly bullish FOMC minutes

    Bonds rallied on the FOMC minutes, touching as low as 1.93% before selling off and finishing the day with a modest rally.

    By Brent Nyitray, CFA, MBA
  • uploads///Office Vacancy Rates
    Real Estate

    The push-pull effect of economic strength on the REIT sector

    Economic forces that work at cross-purposes are driving the commercial REIT sector. Economic strength is good, but increasing interest rates are a negative.

    By Brent Nyitray, CFA, MBA
  • uploads///Pershing
    Materials

    Will Ackman’s bearish stance on Herbalife (HLF) finally pay off?

    In this six part series, we’ll go through some of the main positions Pershing Square Capital Management LP traded this past quarter.

    By Samantha Nielson
  • uploads///Office Vacancy Rates
    Real Estate

    Change in the economy’s speed limit will affect commercial REITs

    The REIT sector uses a lot of leverage. The REITs have to payout 90% of their income as dividends. As a result, they aren’t able to build up big cash cushions. This limitation leaves REITs at the mercy of the credit markets.

    By Brent Nyitray, CFA, MBA
  • uploads///Valuation
    Company & Industry Overviews

    Is Simon Property a Good Value Stock at Current Multiples?

    Simon Property’s TTM (trailing-12-month) price-to-FFO ratio is 15.0x.

    By Anirudha Bhagat
  • uploads///Development Costs
    Company & Industry Overviews

    Simon Property to Continue with Expansion Plan to Drive Growth

    In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties.

    By Anirudha Bhagat
  • uploads///Revenues
    Company & Industry Overviews

    Rental and Leasing Activity Drove Simon Property’s Q2 Revenues

    Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances.

    By Anirudha Bhagat
  • uploads///Same Store Expenses
    Earnings Report

    Where Equity Residential’s Expenses Are Heading

    Equity Residential’s (EQR) second-quarter operating expenses increased at a higher rate than the growth rate of same-store revenues.

    By Anirudha Bhagat
  • uploads///Analyst Recommendation
    Earnings Report

    Why Wall Street Loves Simon Property Group

    Simon Property Group’s four back-to-back quarters of positive earnings surprises and its impressive outlook have made analysts optimistic.

    By Anirudha Bhagat
  • uploads///Valuation
    Earnings Report

    Is Simon Property’s Premium Valuation Justified?

    Simon Property Group (SPG) can be best evaluated by its price-to-FFO (price-to-funds from operations) multiple.

    By Anirudha Bhagat
  • uploads///NOI
    Earnings Report

    Expansion, Development Initiatives to Drive SPG’s Income

    Analysts expect Simon Property Group (SPG) to report net operating income (or NOI) of $1.07 billion in the second quarter.

    By Anirudha Bhagat
  • uploads///Capex
    Earnings Report

    Will Expansion Plans Help Simon Property Drive Mall Traffic?

    Simon Property Group (SPG) has been putting a lot of focus on the redevelopment and expansion of its properties.

    By Anirudha Bhagat
  • uploads///Revenue
    Earnings Report

    Will Sales-Boosting Initiatives Drive Simon Property’s Q2 2018?

    Simon Property Group is undertaking omni-channel retailing and portfolio-restructuring initiatives to maintain traffic amid the retail crisis.

    By Anirudha Bhagat
  • uploads///Article
    Company & Industry Overviews

    What Do Wall Street Analysts Think of SPG?

    Analysts gave SPG a mean price target of $188.10, implying an ~16.0% rise from its current level of $162.26.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    Why SPG Is Commanding a Premium in Comparison to Its Peers

    A higher price-to-FFO multiple for Simon Property means that it has the capacity to give a predictable return as well as consistent dividend yields to investors.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    SPG’s Stable Dividend Policy

    During 2016, SPG repurchased 1,409,197 shares at an average price of $181.14 per share.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    Key Drivers Contributing to SPG’s Evolution

    Simon Property Group’s capital expenditure increased ~15.0% in 2Q17 while it decreased ~1.2% in 3Q17.

    By Raina Brown
  • uploads///Article
    Company & Industry Overviews

    Simon Property Group: Altering Strategies to Target Growth in 2018

    Simon Property Group (SPG) is expected to pay a dividend of $7.15 per share in 2017, an increase of 10.0%. Its portfolio valuation rose 3.9% for 3Q17 on a year-over-year basis.

    By Raina Brown
  • uploads///Debt
    Company & Industry Overviews

    Commercial REITs Have Higher Debt-to-Equity Ratios

    GGP’s (GGP) debt-to-equity was 1.55x for 2Q17, which was higher than the industrial mean of 1.07x. As of 2Q17, GGP had $2.0 billion of liquidity.

    By Jennifer Mathews
  • uploads///SPG Development
    Company & Industry Overviews

    Development Activities of Commercial REITs in 2Q17

    Simon Property Group (SPG) had 25 redevelopment expansion projects under construction as of 2Q17.

    By Jennifer Mathews
  • uploads///Revenue
    Company & Industry Overviews

    The Top Lines for REITs Simon Property, GGP, and Vornado

    When we consider the top line performance of commercial REITs, we find that they have performed decently during the second quarter.

    By Jennifer Mathews
  • uploads///PFFO
    Earnings Report

    How GGP Stacks Up against Its Peers after 2Q17

    GGP’s estimated price-to-FFO multiple for fiscal 2018 is 14.2x, which is at a premium compared to its peers.

    By Jennifer Mathews
  • uploads///Dividend
    Earnings Report

    GGP’s Generous Return to Stockholders in 2Q17

    In 2Q17, GGP (GGP) paid $17.5 million in dividends to its shareholders. That was higher than $13.3 million paid a year ago.

    By Jennifer Mathews
  • uploads///Debt
    Earnings Report

    GGP Has High Debt-to-Equity Ratio as of 2Q17: Can It Be Lowered?

    GGP maintained a debt-to-equity ratio of 1.55x for 2Q17. That was higher than the industrial mean of 1.07x.

    By Jennifer Mathews
  • uploads///Dev
    Earnings Report

    GGP Grew in 2Q17 Due to Development and Redevelopment

    GGP has redeveloped its vacant spaces for non-retail uses such as restaurants, entertainment zones, fitness centers, and grocery stores.

    By Jennifer Mathews
  • uploads///Revenue Trend
    Earnings Report

    What Caused GGP’s Soft Rent Growth in 2Q17?

    GGP’s (GGP) minimum rent fell by $17.0 million in 2Q17, mainly because of dilution resulting from the sale of an interest in the Fashion Show Mall in Las Vegas n 2016.

    By Jennifer Mathews
  • uploads///Revenue comp
    Earnings Report

    GGP’s Revenue Rode High in 2Q17, Backed by New Leases

    GGP’s minimum rent fell 3.9% to $349.2 million, and tenant recoveries fell 4.6% to $161.9 million. Overage rent fell 25.0% to $3.3 million.

    By Jennifer Mathews
  • uploads///FFO
    Earnings Report

    GGP’s 2Q17 Results from an Investor’s Perspective

    GGP (GGP) reported funds from operations (or FFO) of $0.35 per share, which was in line with Wall Street estimates. Adjusted FFO remained flat year-over-year.

    By Jennifer Mathews
  • uploads///Debt
    Company & Industry Overviews

    How AvalonBay Communities Leverages Its Balance Sheet

    AvalonBay has been able to maintain a low debt-to-equity ratio in the last five years. The company reported a debt-to-equity ratio of ~1.5x in 1Q17.

    By Jennifer Mathews
  • uploads///Dividend
    Company & Industry Overviews

    AvalonBay Communities: A Rewarding Stock for Shareholders

    During 2016, AvalonBay Communities (AVB) repurchased 57,172 shares worth $0.6 million.

    By Jennifer Mathews
  • uploads///Art  Trump Budget
    Company & Industry Overviews

    The Impact of Trump’s Proposed 2018 Budget on Residential REITs

    According to President Trump’s proposed budget for fiscal 2018, the administration is expected to slash $6 million from the U.S. Department of Housing and Urban Development budget, decreasing its funding by 13.2% to $40.7 billion.

    By Jennifer Mathews
  • uploads///Art  Housing Starts
    Company & Industry Overviews

    AvalonBay Communities and the Residential REIT Industry Overview

    According to NHAB’s Housing Economics survey, housing starts are expected to rise 6.2% in 2017 and ~6.3% in 2018, backed by respective 9.6% and ~11.8% gains in single-family home sales.

    By Jennifer Mathews
  • uploads///Art  Dividend Payout
    Company & Industry Overviews

    GGP: A Rewarding Stock for Shareholders

    General Growth Properties (GGP) has been paying dividends to its shareholders consistently in every quarter since it raised its dividend 11.1% during 4Q16 to $0.22.

    By Jennifer Mathews
  • uploads///Art  Consumer Sentiment
    Company & Industry Overviews

    GGP and Retail REITs: Malls Are Winning the Fight against Depletion

    President Trump doesn’t appear to be inclined to support a higher minimum wage for workers. This could help retail REITs control their operating expenses, boosting their margins.

    By Jennifer Mathews
  • uploads///Art  E Commerce
    Company & Industry Overviews

    GGP: Redevelopment Helps Drive Traffic to Changing Malls

    Mall owners such as GGP (GGP), Simon Property Group (SPG), DDR (DDR), and Kimco Realty (KIM) are redeveloping their vacant areas that were once occupied by anchor tenants.

    By Jennifer Mathews
  • uploads///Art  FFO Per Share
    Company & Industry Overviews

    GGP Inc.—A Growth Story amid Struggling Retail REITs

    Despite the belief that US malls are giving way to e-commerce, malls are adapting to consumers’ changing needs. Mall owner GGP (GGP) has been able to maintain its earnings streak since 2012.

    By Jennifer Mathews
  • uploads///Analyst Ratings
    Company & Industry Overviews

    How Wall Street Analysts View Simon Property Group

    Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.

    By Jennifer Mathews
  • uploads///PFFO
    Company & Industry Overviews

    Investing in Simon Property Group: Relative Valuation

    Simon Property Group’s current price-to-FFO multiple is ~14.1x.

    By Jennifer Mathews
  • uploads///OPerating Expenses
    Company & Industry Overviews

    Can REITs Like Simon Property Group Survive the Fed’s Interest Rate Hikes?

    The hawkish interest rate environment has added to the woes of mall owners like Simon Property (SPG), as well as the REIT industry.

    By Jennifer Mathews
  • uploads///FFO per share
    Company & Industry Overviews

    Simon Property Group: A Growth Story amid Tremors in REITs

    On April 27, Simon Property Group (SPG) reported 1Q17 earnings per share of $1.53, a 2% beat of the consensus estimate of $1.50.

    By Jennifer Mathews
  • uploads/// debt
    Earnings Report

    General Growth Properties: Less Borrowing Bodes Well

    To lower its effective borrowing costs and extend its maturity profile, GGP was active in unsecured and secured credit markets in fiscal 2015.

    By Peter Barnes
  • uploads///P FFO
    Earnings Report

    Simon’s Valuation Is Unlikely to Expand Further

    Among the 25 analysts following Simon Property stock, 20 have assigned a “buy” rating. The company received no “sell” ratings from any analysts while five brokerages have assigned a “hold” rating.

    By Peter Barnes
  • uploads/// rev
    Earnings Report

    General Growth Properties’ Revenue Fell in 4Q15

    Minimum rent contributed to 60.1% of General Growth Properties’ total revenue in 4Q15.

    By Peter Barnes
  • uploads/// DEBT
    Earnings Report

    Simon’s 4Q15 Earnings: Borrowing Cost Should Remain at Same Level

    The total debt of Simon Property Group (SPG) increased from $20.8 billion as of the end of 4Q14 to $22.5 billion as of the end of 4Q15.

    By Peter Barnes
  • uploads/// occu
    Earnings Report

    SPG’s 4Q15 Operating Metrics: Occupancy under Pressure

    Simon Property Group (SPG) had 179 properties under US malls and premium outlets as of the end of 4Q15 compared to 177 as of the end of 4Q14.

    By Peter Barnes
  • uploads///SP case shiller
    Macroeconomic Analysis

    Why Barbara Corcoran Credits Donald Trump for Changing Manhattan

    In an interview with Wall Street Week, Corcoran was asked about her views on Trump. According to Corcoran, Trump is “due the credit of changing the view of Manhattan to the view of luxury Manhattan.”

    By Surbhi Jain
  • uploads/// ebitda m
    Earnings Report

    Simon Property’s EBITDA Margin Likely to Improve in 4Q15

    Wall Street analysts expect Simon Property’s EBITDA to be $1.1 billion in 4Q15 compared to $967.4 million in 4Q14. That would be a growth of 15.4%.

    By Peter Barnes
  • uploads///Consumption_saving
    Company & Industry Overviews

    Impact of Consumer Spending on Retail REITs

    Consumer spending and the overall health of the economy are the main drivers of retail REITs. The Fed’s decision to increase the interest rate could have a positive or negative impact on spending.

    By Steve Sage
  • uploads///C EV EBITDA
    Company & Industry Overviews

    Macerich’s Highest EV-to-EBITDA Multiple Compared to Peers

    Over the past eight years, Macerich’s EV-to-EBITDA has ranged between 11.9x–27.2x, with a current EV-to-EBITDA multiple of around 21.8x.

    By Peter Barnes
  • uploads///C COST
    Company & Industry Overviews

    CBL & Associates Properties: Cost Structure Analysis

    A look at CBL’s cost structure indicates that its EBITDA margin was lower than that of several close competitors, but higher than Taubman Center’s margin,

    By Peter Barnes
  • uploads///C STRATEGY
    Company & Industry Overviews

    How CBL Plans to Increase Shareholder Returns

    CBL’s (CBL) long-term strategy is to maximize shareholder returns while maintaining prudent risk profile.

    By Peter Barnes
  • uploads///C PROPERTY PORT
    Company & Industry Overviews

    A Look Into CBL & Associates’ Retail Mall Business

    CBL & Associates’ retail mall business comprises four main property portfolios—shopping malls, associated centers, community centers, and office buildings.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    CBL & Associates Properties: A Must-Know Company Overview

    CBL & Associates Properties is the fifth-largest retail mall REIT (real estate investment trust) in the United States.

    By Peter Barnes
  • uploads///C A LEASE FREESTANDING
    Company & Industry Overviews

    Why Long-Term Anchor Tenant Leases Are Beneficial to Macerich

    Approximately 41% of Macerich’s anchor tenant leases are for more than five years. These long-term leases for anchor tenants bode well for retail REITs.

    By Peter Barnes
  • uploads///C SIMON
    Company & Industry Overviews

    Why Macerich Rejected Simon Property’s Acquisition Offer

    Macerich rejected Simon Property’s final bid in March 2015, explaining that the offer of $95.50 per share undervalued the company and its growth prospects.

    By Peter Barnes
  • uploads///C MAP
    Company & Industry Overviews

    A Breakdown of Macerich’s Retail Mall Business

    By the end of fiscal 2014, Macerich either owned or had ownership interest in 60 shopping centers consisting of approximately 55 million square feet of GLA.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    Investing in Macerich: a Must-Know Company Overview

    Macerich is a self-managed REIT headquartered in Santa Monica, California. The company was founded in New York in 1964.

    By Peter Barnes
  • uploads///Chart  tenants
    Company & Industry Overviews

    General Growth Properties’ Top Tenants in Retail

    The malls in GGP’s portfolio receive a smaller percentage of their operating income from anchor tenants than from specialty retailers who lease space.

    By Peter Barnes
  • uploads///Chart  Milestones
    Company & Industry Overviews

    Introducing Simon Property Group: A Must-Know Company Overview

    Headquartered in Indianapolis, Simon Property Group formed in 1993 when the shopping center division of Melvin Simon & Associates became publicly-traded.

    By Peter Barnes
  • uploads///Housing Starts LT
    Financials

    Must-know: FOMC minutes will dominate the week ahead

    Mortgage real estate investment trusts (or REITs), like American Capital Agency (AGNC) and Annaly (NLY), will focus on data that will move the bond market. The most important data point will be the FOMC minutes.

    By Brent Nyitray, CFA, MBA
  • uploads///New Home Sales  year
    Consumer

    Why focus on new home sales and homebuilder earnings?

    Last week didn’t have a lot of important economic data, but we did have some important releases. The Index of Leading Economic Indicators came in reasonably strong.

    By Brent Nyitray, CFA, MBA
  • uploads///Initial Jobless Claims
    Financials

    Week in Review: Bank earnings and the FOMC minutes

    Last week was a slow week economically, which is usually the case in the week following the jobs report.

    By Brent Nyitray, CFA, MBA
  • uploads///Nonfarm Payrolls
    Consumer

    Why last week’s economic releases were stronger than expected

    We had some important economic reports last week, with personal income, the ISM reports, and finally the jobs report.

    By Brent Nyitray, CFA, MBA
  • Market Realist Logo

    © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.