Revenue came in at $554.49 million, which fell short of analysts' expected $566.60 million.
General Growth reported funds from operations (FFO) of 35 cents per diluted share, which was in line with Wall Street's estimates.
FFO is a key metric in the REIT industry, which takes net income and adds back items such as depreciation and amortization.
General Growth expects full-year FFO to be in the range of $1.52 to $1.54 per diluted share. Analysts surveyed by FactSet are looking for FFO of $1.53 per diluted share.
Additionally, Macy's (M) today announced that it sold five stores to General Growth for $46 million. Four were sold to the company in the third quarter and another was sold earlier in 2016.
The transaction is a part of Macy's previously announced initiative to drive growth by reallocating investments to its highest-growth-potential stores and digital businesses, Macy's said in a statement.
General Growth also raised its fourth quarter dividend by 16% to 22 cents per share. It will be payable to stockholders on Dec. 15, 2016.
Shares of General Growth were flat in after-hours trading on Monday.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
The team rates General Growth as a Buy with a ratings score of B. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. The team feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: GGP