GGP - GGP Inc.

NYSE - NYSE Delayed Price. Currency in USD
19.71
+0.32 (+1.65%)
At close: 4:02PM EDT

19.71 0.00 (0.00%)
After hours: 4:27PM EDT

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Previous Close19.39
Open19.42
Bid0.00 x 0
Ask0.00 x 0
Day's Range19.33 - 19.84
52 Week Range18.83 - 24.37
Volume5,003,347
Avg. Volume5,758,504
Market Cap18.975B
Beta1.05
PE Ratio (TTM)28.99
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.88 (4.45%)
Ex-Dividend Date2018-04-12
1y Target EstN/A
Trade prices are not sourced from all markets
  • North Point Mall plans to convert empty retail into office space
    American City Business Journals9 hours ago

    North Point Mall plans to convert empty retail into office space

    General Growth Properties wants to convert 27,000 square feet of retail area into flex office space.

  • Moody's3 days ago

    GGP Inc. -- Moody's assigns Ba2 CFR to GGP and rates GGP's proposed bank facility at Ba3; outlook stable

    Moody's Investors Service assigned a corporate family rating of Ba2 to GGP Inc. ("GGP") and a senior secured rating of Ba3 to GGP's proposed bank credit facility currently being marketed. The rating outlook is stable.

  • Bloomberg9 days ago

    Brookfield Gets Calpers, TIAA Financing for GGP Deal

    Brookfield Property Partners LP has lined up a slate of heavyweight backers to help finance its planned takeover of GGP Inc.

  • Should Mall REIT Owners Fear the GGP-Brookfield Deal?
    Motley Fool15 days ago

    Should Mall REIT Owners Fear the GGP-Brookfield Deal?

    Late last month, GGP agreed to be acquired for less than its net asset value. However, this may not mean much for shareholders of other high-quality mall REITs.

  • 8 Stocks That Surprised Investors in Q1
    InvestorPlace24 days ago

    8 Stocks That Surprised Investors in Q1

    The first quarter was an eventful one for U.S. equity markets. The quarter — and the year — started off well. A rally that had started in November 2016 U.S. continued through the end of January. The S&P 500 was at an all-time high — and the tech-heavy Nasdaq Composite was performing even better.

  • Brookfield's GGP Bid Casts Shadow on Retail: 3 Stocks to Dump
    Zacks28 days ago

    Brookfield's GGP Bid Casts Shadow on Retail: 3 Stocks to Dump

    Brookfield's offer to acquire GGP at a high cap-rate will likely have a chain effect on peer retail REITs and lead to southward pricing of the entire sector, which is already facing seismic changes.

  • They Said the Best Malls Would Be Prized. They Were Wrong
    Bloomberglast month

    They Said the Best Malls Would Be Prized. They Were Wrong

    Brookfield Property Partners LP’s deal to buy GGP Inc. is a reality check for property investors caught in the maelstrom of the American mall shakeout.

  • The Wall Street Journallast month

    [$$] Brookfield’s Underwhelming Bid For GGP Pushes Down Retail REITs

    Shares of retail real estate companies plunged Tuesday, as investors raised concerns that the weak acquisition price for GGP meant that the malaise in the retail world was beginning to drag down values ...

  • GGP says 'business as usual' for Ala Moana Center until Brookfield deal closes
    American City Business Journalslast month

    GGP says 'business as usual' for Ala Moana Center until Brookfield deal closes

    Acquiring the 66 percent of GGP it doesn’t already own will allow Bermuda-headquartered Brookfield Property Partners (Nasdaq: BPY) to repurpose some of the mall owner’s 125 properties around the nation.

  • Reuterslast month

    Brookfield's bid for GGP seen undercutting true mall values

    Brookfield Property Partners LP's (BPY.O) latest bid to acquire the two-thirds of mall owner GGP Inc (GGP.N) it does not already own low-balls the price of prime retail assets whose value has been obscured by e-commerce, analysts said on Tuesday. Brookfield's cash and stock offer for GGP values the company, one of the largest owners and operators of U.S. shopping centres, at about $15.3 billion, or $500 million more than a similar bid it made four months ago that GGP rejected. As of last week, GGP's shares were trading more than a quarter below the company's relative value, which measures an asset against similar ones, Thomson Reuters data shows.

  • Reuterslast month

    Brookfield's bid for GGP seen undercutting true mall values

    Brookfield Property Partners LP's latest bid to acquire the two-thirds of mall owner GGP Inc it does not already own low-balls the price of prime retail assets whose value has been obscured by e-commerce, analysts said on Tuesday. Brookfield's cash and stock offer for GGP values the company, one of the largest owners and operators of U.S. shopping centers, at about $15.3 billion, or $500 million more than a similar bid it made four months ago that GGP rejected. As of last week, GGP's shares were trading more than a quarter below the company's relative value, which measures an asset against similar ones, Thomson Reuters data shows.

  • TheStreet.comlast month

    Brookfield Rings Up Deal With Mall Owner GGP

    Canada's Brookfield Property won the support of GGP after upping the cash portion of an about $15 billion cash-and-share offer for the two-thirds it doesn't already own of the U.S. mall operator.

  • GGP Accepts Brookfield's Revised Buyout Offer, Stock Gains
    Zackslast month

    GGP Accepts Brookfield's Revised Buyout Offer, Stock Gains

    Investors rejoice as GGP's shares soar on news of its acquisition by Brookfield Property Partners for nearly $15.3 billion.

  • Brookfield to buy remainder of GGP, owner of 5 Houston-area malls
    American City Business Journalslast month

    Brookfield to buy remainder of GGP, owner of 5 Houston-area malls

    Chicago-based GGP Inc., which owns five Houston-area malls, has agreed to be acquired by Brookfield Property Partners LP., the real estate unit of Toronto-based Brookfield Asset Management Inc.

  • Stock futures in the green, US-China trade talks calm investors
    Yahoo Financelast month

    Stock futures in the green, US-China trade talks calm investors

    Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.

  • The Wall Street Journallast month

    Brookfield Strikes Deal to Buy Rest of Mall Owner GGP

    Brookfield Property Partners LP and GGP Inc. have reached an agreement for Brookfield to buy the remaining shares of the mall owner it doesn’t already own, a deal that would create one of the world’s largest ...

  • Mall Mergers Are Accelerating in the Age of Amazon
    Bloomberglast month

    Mall Mergers Are Accelerating in the Age of Amazon

    As the age of Amazon takes its toll on retailers, mall owners are finding it may be better not to confront the turmoil on their own.

  • Reuterslast month

    Brookfield Property to take over U.S. mall operator GGP for $15.3 billion

    The acquisition will strengthen Brookfield Property's negotiating power with retailers and allow it to repurpose some GGP properties. "Having Brookfield’s expertise in offices, hotels and multi-family residential properties will allow the combined company to draw more value from the GGP mall assets," Brookfield Property Chief Executive Brian Kingston told Reuters in an interview. The agreement comes four months after a special board committee of GGP rejected a $14.8 billion cash-and-stock offer from Brookfield Property as inadequate.

  • Reuterslast month

    Brookfield Property to buy remainder of U.S. mall operator GGP

    The acquisition will strengthen Brookfield Property's negotiating power with retailers and allow it to repurpose some GGP properties. "Having Brookfield’s expertise in offices, hotels and multi-family residential properties will allow the combined company to draw more value from the GGP mall assets," Brookfield Property Chief Executive Brian Kingston told Reuters in an interview. The agreement comes four months after a special board committee of GGP rejected a $14.8 billion cash-and-stock offer from Brookfield Property as inadequate.

  • Reuterslast month

    Brookfield Property to buy remainder of U.S. mall operator GGP

    Commercial real estate company Brookfield Property Partners LP said on Monday it would acquire the 66 percent of GGP Inc that it does not already own in a cash-and-stock deal that values GGP, one of the largest owners and operators of U.S. shopping centers, at about $15.3 billion. The acquisition will strengthen Brookfield Property's negotiating power with retailers and allow it to repurpose some GGP properties. "Having Brookfield’s expertise in offices, hotels and multi-family residential properties will allow the combined company to draw more value from the GGP mall assets," Brookfield Property Chief Executive Brian Kingston told Reuters in an interview.

  • Reuterslast month

    Brookfield Property to buy mall operator GGP in $15.3 billion deal

    Brookfield said it would buy GGP for $23.50 per share, compared with its previous offer of $23 per share, and increased the cash consideration by $1.85 billion to $9.25 billion. Brookfield is GGP's largest shareholder. Earlier this month, Reuters reported that Brookfield had submitted a new offer to take over GGP following the mall operator's rejection in November of its cash and stock offer of $14.8 billion or $23 a share.

  • Reuterslast month

    Brookfield Property to buy mall operator GGP in $15.3 bln deal

    Commercial real estate company Brookfield Property Partners LP said on Monday it would buy GGP Inc, one of the largest owners and operators of U.S. shopping centers, for a total consideration of about $15.3 billion. Brookfield said it would buy GGP for $23.50 per share, compared with its previous offer of $23 per share, and increased the cash consideration by $1.85 billion to $9.25 billion. Brookfield is GGP's largest shareholder.

  • Brookfield Property to Buy Rest of U.S. Mall Owner GGP
    Bloomberglast month

    Brookfield Property to Buy Rest of U.S. Mall Owner GGP

    Brookfield Property Partners LP reached a deal to buy the rest of GGP Inc. it doesn’t own, gaining full control of the second-largest U.S. mall owner amid tumult in the retail industry.

  • CNBClast month

    Brookfield Property Partners to buy U.S. mall owner GGP

    Brookfield already owns roughly one third of GGP, one of the largest mall operators in the U.S. behind Simon.

  • Mall Mergers Accelerate With Brookfield's GGP Buyout
    Bloomberg Videolast month

    Mall Mergers Accelerate With Brookfield's GGP Buyout

    Mar.27 -- GGP Inc., the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management Inc. Bloomberg's Ed Hammond has more on "Bloomberg Markets."