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GGP Ggp Inc. (delisted)

22.06
0.00 (0.00%)
13 May 2024 - Closed
Delayed by 15 minutes
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

General Growth Adds $500 Million to Stock Buyback Plans

26/08/2015 1:59pm

Dow Jones News


GGP Inc. (NYSE:GGP)
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From May 2019 to May 2024

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   By Tess Stynes 
 

General Growth Properties Inc. (GGP) said its board authorized the repurchase of an additional $500 million of the mall owner's shares, raising the total under the company's stock buyback program to $600 million.

General Growth, the nation's second-largest mall owner by number of properties, has been slimming operations and accelerating its redevelopment pipeline since exiting bankruptcy in 2010.

The Chicago-based real-estate investment trust this month reported that its funds from operations--an important measure of performance for REITs--increased on higher initial rental rates and tenant sales during the second quarter.

 

Write to Tess Stynes at tess.stynes@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

August 26, 2015 08:44 ET (12:44 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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