Market Overview

General Growth Properties Down Sharply Since Reuters Report

General Growth Properties, Inc (NYSE: GGP) shares have done nothing but sell off since the report out of Reuters that the company would spin 35 of its non-core properties off into a real estate investment trust.

At last check, shares were off 23 cents to $16.27, after having hit a high of $16.80. Other real estate investment trust companies, such as Simon Property Group (NYSE: SPG), Vornado Realty Trust (NYSE: VNO) and Macerich (NYSE: MAC) are higher today.

Posted-In: News Asset Sales Movers

 

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