General Growth Properties Declares Quarterly Dividend on Common Stock
July 07 2008 - 9:00AM
Business Wire
General Growth Properties, Inc. (NYSE: GGP) today declared a
dividend of $0.50 per share, payable July 31, 2008, to common
stockholders of record as of July 17, 2008. The current dividend
represents an increase of 11 percent over the comparable period one
year ago. Since going public in 1993, General Growth Properties has
increased the regular dividend by a compound annual growth rate
(CAGR) of 10%, which is more than that of any other retail,
commercial, or residential REIT greater than $1 billion in market
capitalization and more than 400 basis points greater than the
NAREIT average over the same period. The Company is one of the
largest U.S.-based publicly traded Real Estate Investment Trusts
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 44 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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