WASHINGTON (dpa-AFX) - General Growth Properties Inc. (GGP) Monday said second-quarter funds from operations, or FFO, increased to $267 million or $0.27 per share from $228 million or $0.23 per share in the comparable quarter last year.
On average, 15 analysts polled by Thomson Reuters expected FFO of $0.25 per share for the quarter. Analysts' estimates typically exclude special items. Analysts' estimates typically exclude special items.
For the second quarter, the company recorded a profit of $209.38 million, compared to a loss of $107.94 million last year.
Earnings attributable to common stockholders totaled $205.39 million or $0.22 per share, compared to loss of $107.94 million or $0.12 per share last year.
Net operating income for the mall portfolio increased 6.7 percent to $538 million from $504 million.
Revenues increased to $613.23 million from $606.46 million last year. Analysts expected revenues of $670.54 million.
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