General Growth Properties
GGP
General Growth Properties is a real estate investment trust, distributing roughly 90% of its taxable income to its stockholders. They primarily operate shopping centers, shopping malls, and long term planned communities.
GGP is Unavailable
General Growth Properties has been flagged in our system as a defunct equity. Most likely, the company has gone private or the stock has been delisted. If you feel this is an error, please contact Piqqem Support
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General Growth Properties
A while ago
missed bond payment on Friday, positive because will force lenders to allow restructuring. Counterintuitive logic.
A while ago
This guys are in very bad shape. $27 billion in loans coming due in four years. Defaulted on loan payment. Might be too big to fail, however as lenders can't let them markdown all the assets.
