General Growth Properties Q4 FFO Rises - Quick Facts

(RTTNews) - General Growth Properties, Inc (GGP) Monday said fourth-quarter funds from operations increased to $347 million or $0.36 per share from $311 million or $0.31 per share in the same period last year.

On average, 19 analysts polled by Thomson Reuters expected the company to report FFO of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to GGP for the quarter was $77 million or $0.07 per share, up from $32 million or $0.04 per share in the prior-year period.

Looking ahead, the company has forecast first-quarter earnings in a range of $0.29 to $0.30 per share. Analysts currently expect first-quarter FFO of $0.29 per share.

Full-year FFO is projected in a range of $1.27 to $1.31 per share. Analysts currently expect full-year FFO of $1.15 per share.