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Monday, November 06, 2006

General Growth Properties Inc. (GGP)

7:50 ET General Growth quarterly loss widens; interest expenses up
SAN FRANCISCO (MarketWatch) -- General Growth Properties Inc. (GGP) Monday evening said the third-quarter net loss widened, as interest expense rose, to $8.16 million, or 3 cents a share, from a $6.83 million, or 3 cents a share, during the same period in the prior year. The real estate investment trust focusing on shopping malls said quarterly per-share funds from operations fell to 65 cents from 71 cents in the prior year. General Growth said quarterly revenue rose to $746 million from $745.8 million in the prior year. For 2006, the company sees FFO of $3.06 per share.
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