DALLAS, Aug. 12, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring General Growth Properties Inc. (Pink Sheets:GGWPQ). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on General Growth Properties Inc. (Pink Sheets:GGWPQ) should be of particular interest to real estate development companies: Thomas Properties Group Inc. (Nasdaq:TPGI), Brandywine Realty Trust (NYSE:BDN), CB Richard Ellis Group Inc. (NYSE:CBG) and Jones Lang Lasalle Inc. (NYSE:JLL).
It is available at: http://www.beaconequity.com/i/GGWPQ
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General Growth Properties Inc. (GGWPQ) has ownership interests in more than 200 shopping malls in 44 states within the United States. The Company also has interests in planned community developments and commercial buildings. The Company's total portfolio includes 24,000 retail stores covering more than 200 million square feet. On April 16, 2009, GGWPQ filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York.
In the report, the analyst notes:
"The commercial real estate market is heavily dependent upon overall economic conditions and retail sales, especially the ability of consumers to spend disposable income and remain employed. The outlook for consumer spending is not favorable, as unemployment resulting from a collapse in credit from commercial banks fighting insolvency continues.
"On August 10, the Company filed its 10-Q with the Securities Exchange Commission (SEC), reporting net operating income of $615.8 million for the second quarter ended June 30, 2009. The Company said it recognized total impairment charges of $82.4 million for the second quarter. The Company noted reduced tenant sales and bankruptcies affected the Company's ability to generate rental income."
To read the entire report visit: http://www.beaconequity.com/i/GGWPQ
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