General Growth Properties, Inc. (NYSE: GGP) today declared a dividend of $0.45 per share, payable July 31, 2007, to common stockholders of record as of July 17, 2007. The current dividend represents an increase of 9.8 percent over the comparable period one year ago. The Company is the second largest U.S.-based publicly traded Real Estate Investment Trust based upon total market capitalization. The Company currently has an ownership interest in or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership in master planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol �GGP�. For more information, please visit the Company Web site at www.ggp.com
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