WASHINGTON (dpa-AFX) - General Growth Properties Inc. (GGP) Monday reported first-quarter funds from operations of $251.8 million or $0.25 per share, up from $221.7 million or $0.22 per share last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report FFO of $0.24 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Net loss attributable to common stockholders was $13.7 million or $0.01 per share, as compared to a net loss of $197.6 million or $0.21 per share last year.
Total revenues for the quarter grew to $637.8 million from $596.6 million last year.
Analysts currently estimate sales of $645.32 million for the quarter.
For 2013, the company now expects FFO of $1.11 to $1.15 per share, up from previous estimate of $1.08 to $1.12 per share. Analysts currently estimate FFO of $1.11 per share for the year.
For the second quarter, the company expects FFO of $0.24 to $0.26 per share. Analysts currently estimate FFO of $0.25 per share for the quarter.
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