The Yield Hunter Let's make some money and sleep well at night
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General Growth Properties Realty Trust
A Retail REIT
Financials for
Period End 6/30/2008
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Copyrights 2006-2007 SGM Publishing
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General Growth Properties, Inc. operates as a
self-administered and self-managed real estate
investment trust. The company operates through two
segments, Retail and Other, and Master Planned
Communities. The Retail and Other segment
operates, develops, and manages retail and other
rental properties, primarily shopping centers in the
United States, as well as festival market places, urban
mixed-use centers, and strip/community centers in the
Baltimore/Washington, D.C. and Las Vegas markets.
It also owns non-controlling interests in international
joint ventures in Brazil, Turkey, and Costa Rica. The
Master Planned Communities segment develops and
sells land for residential and commercial uses
primarily in master planned community projects in
Columbia, Maryland; Summerlin, Nevada; and
Houston, Texas. As of December 31, 2006, the
company had ownership interest in a portfolio of over
200 regional shopping malls in 44 states, as well as
80,200 gross acres of land for community
development projects. The company qualifies as a
real estate investment trust for federal income tax
purposes. It generally would not be subject to federal
corporate income taxes if it distributes at least 90% of
its taxable income to its stockholders. The company
was founded in 1986 and is headquartered in
Chicago, Illinois.