Pennsylvania Real Estate Investment Trust
General Growth Properties expects its FFO for 4Q15 to be $0.41–$0.43 per diluted share. For fiscal 2015, it expects FFO to be $1.42–$1.44 per diluted share.
General Growth Properties’ FFO per diluted share increased to $0.36 in 3Q15, compared to $0.33 in 3Q14, representing a growth of 9.1%.
Macerich’s funds from operations per diluted share rose to $1.01 in 3Q15, compared with $0.88 in 3Q14, representing a growth of 14.8%.
Macerich’s base rent PSF (per square foot) for all regional shopping centers improved from $43.80 in 3Q14 to $48.97 in 3Q15.
Markets didn’t react positively to CBL & Associates’ 3Q15 earnings. The stock price fell 3.8% soon after the earnings release. Eventually, the stock closed at $14.7.
Real estate private equity funds have been attracting unprecedented amounts of capital, with assets under management reaching an all-time high of $724 billion.