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GGP Comes Back Full Swing

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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.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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