|
contents | business | |||||||||
| General Growth Properties announces 2Q 2007 operating results The second largest U.S.-based publicly traded Real Estate Investment Trust (REIT), General Growth Properties, Inc. announced second quarter 2007 operating results. For the second quarter of 2007, Core Funds From Operations (Core FFO) per fully diluted share were $0.73. Core FFO per fully diluted share for the comparable period in 2006 was $0.62. Funds From Operations (FFO) per fully diluted share were $0.71 for the second quarter of 2007, as compared to $0.62 of FFO per fully diluted share reported in the comparable period of 2006. Earnings per share – diluted (EPS) were $0.03 and a loss of $0.11, respectively, for the second quarters of 2007 and 2006. “Our double-digit Core FFO growth was driven by the excellent operating metrics of our core real estate business, “ said John Bucksbaum, the Chief Executive Officer of GGP. write your comments about the article :: © 2007 Construction News :: home page |