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Fin Stocks Updates! General Growth Properties Inc (GGP), Mastercard Inc (MA)

Shares of General Growth Properties Inc (NYSE:GGP) ended Wednesday session in red amid volatile trading. The shares closed down -0.10 points or -0.38% at $25.97 with 4,281,861 shares getting traded. Post opening the session at $26.25, the shares hit an intraday low of $25.78 and an intraday high of $26.59 and the price vacillated in this range throughout the day. The company has a market cap of $23.04 billion and the numbers of outstanding shares have been calculated to be 884.74 million shares.

General Growth Properties Inc (GGP) reported results for the three and six months ended June 30, 2016.

Highlights

  • Company Same Store Net Operating Income (“Company Same Store NOI”) increased 4.0% and 4.6% from the prior year period for the three and six months ended June 30, 2016, respectively.
  • Company earnings before interest, taxes, depreciation and amortization (“Company EBITDA”) increased 6.5% and 13.3% from the prior year period for the three and six months ended June 30, 2016, respectively.
  • Same Store leased percentage was 96.1% at quarter end.
  • Initial rental rates for signed leases that have commenced in the trailing 12 months on a suite-to-suite basis increased 13.7% when compared to the rental rate for expiring leases.
  • Tenant sales (all less anchors) increased 2.8% on a trailing 12-month basis.
  • In the second quarter, the Company sold its interest in an urban retail property and an office building; received proceeds of approximately $150 million and generated gains of approximately $58 million.

Shares of Mastercard Inc (NYSE:MA) ended Wednesday session in green amid volatile trading. The shares closed up +0.01 points or 0.01% at $101.36 with 3,467,809 shares getting traded. Post opening the session at $101.56, the shares hit an intraday low of $101.05 and an intraday high of $101.91 and the price vacillated in this range throughout the day. The company has a market cap of $109.86 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.

Mastercard Inc (MA) announced that its Board of Directors has declared a quarterly cash dividend to holders of shares of its Class A common stock and Class B common stock. The cash dividend of 19 cents per share will be paid on November 9, 2016 to holders of record of its Class A common stock and Class B common stock as of October 10, 2016.

 

 

 

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