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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ggp Inc. (delisted) | NYSE:GGP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.06 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
By Allison Prang
GGP Inc. (GGP) released its earnings results for its fourth quarter before the market opened Wednesday. Here's what you need to know.
PROFIT: Profit fell by 15% to $201.6 million, or 21 cents a share, compared to $236.5 million, or 24 cents a share, for the same period a year before. GGP's funds from operations was 48 cents a share compared to 43 cents a share a year ago. Analysts polled by FactSet were predicting 46 cents.
REVENUE: Revenue rose 2.8% to $627.4 million amid increases in minimum rent revenue and management fees. Revenue from tenant recoveries and overage rents both fell. Analysts were expecting revenue of $628.4 million.
EXPENSES: Total expenses rose 8.4% to $383.1 million, fueled by an increase in depreciation and amortization costs.
Shares fell 2.3% premarket and have fallen 7.7% so far this year.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 07, 2018 08:24 ET (13:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year GGP Inc. Chart |
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