GGP Comes Back Full Swing

Shares of General Growth Properties reached a record high last week, at $18.49 apiece, according to International Business Times. The company's stock is also being upgraded to Buy status from Neutral by analysts, who point to improving property fundamentals and great management as reasons GGP is doing so well.

GGP exited Chapter 11 protection less than two years ago, after it couldn't refinance billions of dollars in debt it took on during the industry's go-go years for various acquisitions.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.