General Growth Properties (GGP) Stock Declines in After-Hours Trading on Earnings Miss

General Growth Properties (GGP) stock is lower in after-hours trading on Monday, following the release of the company's 2015 third quarter earnings results.
By Rachel Graf ,

NEW YORK (TheStreet) -- General Growth Properties (GGP) stock is declining by 0.61% to $29.37 in after-hours trading on Monday, after the company reported its 2015 third quarter financial results. 

The self-administered and self-managed real estate investment trust reported earnings of 13 cents per share for the most recent quarter, up from 7 cents per share for the year ago period.

General Growth Properties's funds from operations increased by 9.6% to 36 cents per share.

Revenue declined year over year, to $585.3 million from $627.8 million in the 2014 third quarter.

Analysts had forecast for earnings of 35 cents per share on revenue of $588.8 million.

General Growth Properties expects its full-year 2015 funds from operations to range between $1.42 per share and $1.44 per share. Its fourth quarter 2015 funds from operations is forecast to range between 41 cents per share and 43 cents per share.

Separately, TheStreet Ratings team rates GENERAL GROWTH PPTYS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate GENERAL GROWTH PPTYS INC (GGP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: GGP

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