General Growth Properties (NYSE:GGP)

While GGP runs some great retail properties, retailing values in general are on a long term secular decline owing to a shift to online retailers such as Amazon. So, GGP properties may do okay, but rents they can charge will lag to keep competitive. This will mute future / long term stock appreciation.

Retail real estate is still overpriced, and companies like SHLD selling stores will put pressure on prices.

income and capital appreciation play, the hedge funds are heavily invested and balance sheet is cleaned up post bankruptcy so a fresh start with strong portfolio of properties

Not much change in price since it exited bankruptcy. If you believe there is a place for commercial real estate, this one is worth a look.

Commercial Real Estate. Foolish Special Ops recommendation. I think this one will be bumpy, but generally outperform. I am also in PEB, a hotel pre-REIT.

Bravo said soo

Proper valuation for this company should establish itself over the next three quarters 25-45 by one year from now.

when dow go to 31 points in the near future this one go over $100 a share

In it for the long run

Still has a ways to go UP

Special stock, soon to be emerging from Chap.11. There should be a large demand for this stock since it is the 2nd largest mall operator in the country. Also large funds will be purchasing it because of its scope in the REIT sector

I have bought into the contrarian thinking of Whitney Tilson and Brookfield Asset Management.

berkowitz and others

It seems GGP and the upcoming "Spinco" of GGO is another security that a fair amount of people still don't really understand. GGP entered BK protection in a near fluke situation due to the credit crisis not allowing them the funds to pay off their immediate debt's. With the tremendous value of their assets GGP has since had an amazing team of management and investment partners to strategize and fund an emergence plan with one of the best balance sheets and farthest out maturation's on now lower interest debt in the entire industry, all the while still leaving the retail investor enough to make this a more than worthwhile investment... still.

I've been in this stock since the $4 range and wish I'd seen it sooner, I first up thumbed it here at $5-6. Throughout the bankruptcy process if you would have followed it the entire duration of the proceedings your confidence should have only been building for this name. The BK Judge has been very understanding of this unique situation from day one, he's played a no BS, lets get this done so GGP can get back to normal operations vibe since the beginning.

GGP assets in my opinion can be related to diamonds in a sense, meaning you can't go out and make more of them. Class A malls which are the majority of GGP's assets have shown tremendous strength through the recession. Again this isn't highway strip mall crap that you see going under like the titanic at every off ramp. Just days ago the largest competitor of GGP, SPG said that they continue to see strength in their Class A malls and their tenants are doing quite well with ambitious plans as the economy continues to recover.

Speaking of SPG we must not forget that SPG failed to buy GGP with it's bids of $9 then $12, $15, and $18+ per share only months ago. Meaning the best positioned team to determine the true potential of GGP felt that even at $18+ a share there was still great value in the company. We also must not forget Brookfield, Pershing square and Fairholme would not have come on board to invest in GGP if they felt they were only going to get a meager 20% return. Considering some of their price points are around the current levels they also see tremendous upside in this name.

Now onto GGO, which is going to be a spin off from GGP with strategically located raw land and master planned communities. We now know that Brookfield Properties will have quite a strong hand in the operations of these projects which is exactly what we wanted. BPO has decades of great experience in just that arena and along with the massive amounts of possible funding behind this Spinco, topped with the quality of assets they will start with and the skill of the new management this easily has great potential on it's own, you just need to have a slightly longer time horizon.

This continues to be the largest position that I actually own. I would expect after emergence in October the gates are opened for this to kick off and we will be able to see the true potential of GGP under normal operations. Not to mention the immediate demand of index funds that will need to pick up shares of GGP after they emerge from BK. Any valuation references towards competing REIT's puts GGP value far higher than where it currently trades and the story get's even better when you think of the future dividends relative to the entry price you can get now.

Quickly butchered together, skipping a lot of details but the points remain the same, in my opinion most the negativity around this name is misinformed.

I think malls are dying, and I was previously convinced that GGP was going down the tubes as a result. But in the meantime, the REIT continues to outperform, much to my chagrin—maybe its principals also got the memo?

Should emerge from Ch 11 with strong balance sheet and grow.

ccest compte

Undervalued! Emerging from BK and with the infusion of capital and depressed assets we are missing the true value of this company. Real estate portfolio is so undervalued it makes gold look pathetic!

Good future earnings.