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GGP Inc (GGP.N)

GGP.N on New York Stock Exchange

20.52USD
23 May 2018
Change (% chg)

$0.14 (+0.69%)
Prev Close
$20.38
Open
$20.42
Day's High
$20.62
Day's Low
$20.39
Volume
809,077
Avg. Vol
1,312,427
52-wk High
$24.36
52-wk Low
$18.84

Latest Key Developments (Source: Significant Developments)

Brookfield And GGP Reach Agreement On BPY’S Acquisition Of GGP
Tuesday, 27 Mar 2018 

March 26 (Reuters) - Brookfield Property Partners LP ::BROOKFIELD AND GGP REACH AGREEMENT ON BPY’S ACQUISITION OF GGP.AGGREGATE CASH CONSIDERATION OF $9.25 BILLION​.TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FFO/UNIT FOR BPY UNITHOLDERS.TRANSACTION INCLUDES A $1.85 BILLION INCREASE IN CASH CONSIDERATION, FROM $7.4 BILLION TO $9.25 BILLION.‍GGP SHAREHOLDERS WILL BE ENTITLED TO GET EITHER $23.50 IN CASH FOR EACH SHARE OR EITHER ONE BPY UNIT OR ONE SHARE OF A NEW BPY U.S. REIT SECURITY​.‍INCREASE IN CASH CONSIDERATION FROM $23.00 TO $23.50 PER GGP SHARE​.‍INCREASE IN EXCHANGE RATIO FROM 0.9656 TO 1.0000​.CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES AND ISSUE SHARES IN TRANSACTION​.CASH PORTION OF DEAL TO BE FUNDED WITH ABOUT $4 BILLION FROM JV EQUITY PARTNERS, & FINANCINGS FROM SYNDICATE OF LENDERS.DEAL INCLUDES CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES, ISSUE SHARES IN DEAL.‍CONSIDERATION IN DEAL WILL BE STRUCTURED AS A DIVIDEND BY GGP PAID IN CASH AND EQUITY AND MERGER CONSIDERATION PAID IN CASH​.‍BAM HAS INTENTION TO CONVERT ITS $500 MILLION BPY CLASS C JUNIOR PREFERRED SHARES INTO BPY UNITS AT $23.50 PER UNIT​.‍GGP SHAREHOLDERS WILL RECEIVE A Q2 DIVIDEND OF UP TO $0.22 PER SHARE​.SPECIAL COMMITTEE, COMPRISED OF NON-EXECUTIVE, INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDED GGP SHAREHOLDERS APPROVE DEAL.  Full Article

GGP Inc Says Appointed Heath Fear As CFO, Effective January 2, 2018
Saturday, 30 Dec 2017 

Dec 29 (Reuters) - Ggp Inc ::GGP INC SAYS ON DEC 28, APPOINTED HEATH FEAR AS CO'S CFO, EFFECTIVE JANUARY 2, 2018, TO SUCCEED MICHAEL BERMAN - SEC FILING.  Full Article

Brookfield Is Working To Restructure Bid For Mall Owner GGP- WSJ‍​
Saturday, 23 Dec 2017 

Dec 22 (Reuters) - :BROOKFIELD IS WORKING TO RESTRUCTURE BID FOR MALL OWNER GGP - WSJ, CITING PEOPLE FAMILIAR WITH THE MATTER ‍​.  Full Article

GGP Inc Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P.
Monday, 13 Nov 2017 

Nov 13 (Reuters) - GGP Inc :GGP Inc. Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P..GGP Inc - ‍board establishes special committee to evaluate Brookfield Property Partners' proposal ​.  Full Article

Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - :Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg.  Full Article

GGP reports Q3 earnings per share $0.23 and declares fourth quarter dividend
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - GGP Inc :GGP reports third quarter 2017 results and declares fourth quarter dividend.Q3 earnings per share $0.23.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.GGP Inc - qtrly total revenues $578.4 million versus $554.5 million ‍​.Q3 revenue view $549.4 million -- Thomson Reuters I/B/E/S.GGP Inc - qtrly FFO per share $0.37‍​.Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S.GGP Inc - sees ‍Q4 net income attributable to GGP $0.21 to $0.23​.GGP Inc - sees ‍Q4 FFO per diluted share $0.46 to $0.48​.  Full Article

General Growth Properties posts Q2 earnings $0.19/shr
Tuesday, 2 Aug 2016 

General Growth Properties Inc : GGP reports second quarter 2016 results and raises dividend 11 pct . Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.19 . General Growth Properties Inc says board of directors declared a Q3 common stock dividend of $0.20 per share . Sees FY NAREIT FFO $1.48-$1.52 . Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S . General Growth Properties Inc says same store leased percentage was 96.1 pct at quarter end . Q3 FFO shr view - $0.35 for quarter ending September 30, 2016 .FY2016 revenue view $2.42 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-GGP Reports Q1 Earnings Per Share $0.06

* GGP REPORTS FIRST QUARTER 2018 RESULTS AND DECLARES SECOND QUARTER DIVIDEND