General Growth Properties Issues Guidance; Declares Dividend - Quick Facts

(RTTNews) - General Growth Properties, Inc. (GGP) announced FFO for the year ending December 31, 2016 is expected to be $1.52 to $1.56 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.55. Analysts' estimates typically exclude special items.

Company FFO for the second quarter of 2016 is expected to be $0.34 to $0.36 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.36.

The company's Board declared a second quarter common stock dividend of $0.19 per share payable on July 29, 2016, to stockholders of record on July 15, 2016. This represents an increase of $0.02 per share or 12% growth over the dividend declared for the second quarter of 2015.