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| General Growth Properties updates 1Q 2010 net income General Growth Properties, Inc. (NYSE: GGP), one of the largest mall operators in the United States, provided an update to its net income attributable to common stockholders and earnings per share (EPS) for the three months ending March 31, 2010. NOI, Core FFO and FFO for the first quarter of 2010 remain as previously announced. Net income attributable to common stockholders was $51.7 million in the first quarter of 2010 compared to a loss of $396.1 million in the first quarter of 2009. Previously reported first quarter 2010 net income attributable to common stockholders was $78.4 million. The update reflects a reduction in the non-cash gain the Company recognized as a result of the January 2010 public offering of common stock by Aliansce, our unconsolidated affiliate in Brazil. EPS for the first quarter of 2010 were changed from that reported of $0.25 to $0.16. write your comments about the article :: © 2010 Construction News :: home page |