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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 |
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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