General Growth Properties, Inc. Announces Signed Rental Spread for First Quarter 2011
April 29 2011 - 5:38PM
Business Wire
General Growth Properties, Inc. (NYSE: GGP) (“GGP” or the
“Company”) today announced the rental spread on leases
signed during the first quarter of 2011.
The rental spread for leases signed in the first quarter 2011
(under 10,000 square feet) is 4.8%, when compared to the
leases expired in the same period of 2011. This increase represents
the growth in straight-line rental rates of the new leases signed
against the expiring straight-line rent.
ABOUT GGP
General Growth Properties has ownership and management interest
in 169 regional and super regional shopping malls in 43
states. The Company portfolio totals 172 million square feet of
space. A publicly-traded real estate investment trust (REIT), GGP
is listed on the New York Stock Exchange under the symbol GGP.
GGP Inc. (NYSE:GGP)
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