General Growth Properties Inc. Q1 Income Climbs 24%

(RTTNews) - General Growth Properties Inc. (GGP) announced a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line came in at $382.80 million, or $0.40 per share. This was up from $309.34 million, or $0.32 per share, in last year's first quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.2% to $607.03 million. This was up from $594.14 million last year.

General Growth Properties Inc. earnings at a glance:

-Earnings (Q1): $382.80 Mln. vs. $309.34 Mln. last year. -Earnings Growth (Y-o-Y): 23.7% -EPS (Q1): $0.40 vs. $0.32 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.35 -Revenue (Q1): $607.03 Mln vs. $594.14 Mln last year. -Revenue Change (Y-o-Y): 2.2%