trending Market Intelligence /marketintelligence/en/news-insights/trending/riEcebWsFWwYrnt3f6poUg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

GGP logs Q4'16 FFO per share flat with year-ago quarter

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


GGP logs Q4'16 FFO per share flat with year-ago quarter

GGP Inc. on Jan. 30 reported its 2016 year-end results and offered guidance for the first quarter and the full year 2017.

Company funds from operations for the fourth quarter came to $412.2 million, or 43 cents per share, compared to $408.2 million, or 43 cents per share, a year ago.

For the full year, company FFO totaled $1.47 billion, or $1.53 per share, compared to $1.38 billion, or $1.44 per share, in 2015.

The S&P Capital IQ consensus FFO-per-share estimate for the 2016 fourth quarter and full year were 43 cents and $1.53, respectively.

Looking ahead, the company offered NAREIT FFO-per-share guidance for the 2017 first quarter in the range of 34 cents to 36 cents, and company FFO-per-share guidance for the first quarter in the range of 35 cents to 37 cents.

For the full year, the company expects NAREIT FFO in a per-share range of $1.53 to $1.58 and company FFO in a per-share range of $1.56 to $1.61.

The S&P Capital IQ consensus FFO-per-share estimate for the 2017 first quarter and full year are 38 cents and $1.59, respectively.

The company said in its release that it acquired 605 N. Michigan Avenue in Chicago, Ill., as well as interests in five Macy’s boxes, including those at Tysons Galleria in McLean, Va., and Stonestown Galleria in San Francisco.

On Jan. 27, the company paid a special common stock dividend of 26 cents per share to stockholders of record as of Dec. 27, 2016.

During the quarter, the company purchased roughly 1.89 million of its common shares at a weighted average price of $24.47 per share for total consideration of about $46 million.