General Growth Properties (GGP)

CAPS Rating:

A self-administered and self-managed real estate investment trust whose business is focused in two main areas: Master Planned Communities and Retail and Other.

View All Commentary (GGP)

Recs

2

Avatar MCKIrobert (99.82) Submitted: 4/04/07 2:23 PM : Start Price: $60.34 GGP Score: 33.85

I agree with the sentiment that the P/E ratio is just too high, even for a company with "Growth" in the title! Maybe that's what worries me the most...oh wait, no, it's the fact that they're in a sector that's going to get slammed in the next 5 years.

Report this Post Replies: 3 | Reply

Avatar FreshInv (70.54) Submitted: 5/08/07 7:51 AM

Recs: 0 | Rec This

Just to remind you...GGP is in commercial real-estate sector, not residential real-estate...also they are very active in Brasil, Costa-Rica and Turkey (emerging markets)...P/E ratio is scary, but this is speculative stock...I would buy it if we see market correction like it happened May 2006...then stock would be hit purely because of high P/E ratio.

***also P/E ratio for 2008 at current prices and estimates is 17-18...industry has current P/E ratio over 35...so stock price can double in 2 years.

Report this Post Reply

Avatar Ga1Dawg (< 20) Submitted: 2/22/08 9:26 AM

Recs: 0 | Rec This

This is a REIT and P/E tells you nothing. Shouldn't you be looking at FFO, CAD, & NAV?

Report this Post Reply

Avatar cubanstockpicker (75.85) Submitted: 5/23/08 12:30 PM

Recs: 0 | Rec This

NAV? Real estate and NAV can only be appreciated when a property is sold to improve liquidity, which GGP wholeheartedly needs. At that time of sale it will be priced according to current value through a qualified appraiser in the local area, not what is assumed on the books.

Report this Post Reply

General Growth Properties (GGP)

2

Featured Broker Partners