NEW YORK (TheStreet) -- General Growth Properties (GGP) stock is rising 1.81% to $28.06 in afternoon trading on Friday following reports that the company may be sold to Brookfield Asset Management (BAM), according to Reuters.

Shares of Brookfield are up 0.17% to $29.71 this afternoon. 

Brookfield, which already owns about 34% of General Growth Properties, has been discussing taking the company private with investment partners, sources told Reuters.

Chicago-based General Growth Properties owns and operates 131 retail properties that generated more than $2.5 billion in revenue for 2014. The company has a market valued of $24 billion, Reuters added.

Additionally, General Growth Properties is expected to announce its 2015 fourth quarter financial results on Monday after the market close.

Wall Street is anticipating earnings of 42 cents per share on revenue of $629.27 million for the latest quarter.

Last year, the company reported earnings of 38 cents per share on $673.02 million in revenue for the 2014 fourth quarter.

Separately, General Growth Properties has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations.

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

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. 

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