Bill Ackman, the activist hedge-fund manager, said he sold his firm's General Growth Properties Inc. (GGP:US) shares because the expected returns on the investment after management fees wouldn't be high enough for his investors.
Las Vegas, NV - March 01, 2014 - (Tech Sonian) �General Growth Properties, Inc (GGP) declared management will participate in a company roundtable discussion at the Citi 2014 Global Property CEO Conference on Tuesday, March 4, 2014, at 1:35 p.m.
General Growth Properties's revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that General Growth Properties will post $1.29 earnings per share for the current fiscal year.
As a result, retail REITs such as Simon Property Group Inc. (NYSE:SPG-Free Report), The Macerich Company (NYSE:MAC-Free Report) and General Growth Properties, Inc. (NYSE:GGP-Free Report) are leveraging on their nationwide real estate properties ...