General Growth Properties Q2 Profit Beats Estimates - Quick Facts

By RTT News, 
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(RTTNews.com) - General Growth Properties, Inc. ( GGP ) reported second-quarter income from continuing operations of $56.42 million or $0.05 per share, compared to $217.26 million or $0.21 per share, prior year. Net income attributable to stockholders was $169.74 million or $0.18 per share, compared to $205.39 million or $0.21 per share, previous year.

FFO increased 11.8% to $298 million from $266 million in the prior year period. Funds from Operations per share was $0.31 for the period.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $617.62 million from $599.54 million, a year ago. Analysts expected revenue of $606.61 million for the quarter.

The company expects FFO per share for the third quarter to be $0.30 to $0.32. Analysts expect the company to report third-quarter profit per share of $0.32.

The company expects FFO per share for the year ending December 31, 2014, to be $1.30 to $1.32 per share. Analysts expect the company to report fiscal year profit per share of $1.32.

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This article appears in: Earnings

Referenced Stocks: GGP , TRI

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