General Growth Properties, Inc. (NYSE:GGP) today declared a dividend of $0.41 per share, payable January 31, 2006, to common stockholders of record as of January 17, 2006. The current dividend represents an increase of 13.9 percent over the comparable period one year ago. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com.
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