General Growth Properties, Inc. (NYSE:GGP) announced that as a result of
its ongoing strategic review of alternatives, it now plans to release
earnings for the fourth quarter and full year of 2008 on February 23,
2009, after the market closes, which is two weeks later than the
previously projected date. The Company will not conduct a conference
call this quarter.
General Growth is a U.S. based, publicly traded Real Estate Investment
Trust. The Company currently has an ownership interest in or management
responsibility for a portfolio of more than 200 regional shopping malls
in 44 states, as well as ownership in master planned community
developments and commercial office buildings. The Company portfolio
totals approximately 200 million square feet of retail space and
includes over 24,000 retail stores nationwide. The Company is listed on
the New York Stock Exchange under the symbol “GGP”. For more
information, please visit the Company Web site at www.ggp.com.
This press release and the earnings release it references contain
forward-looking statements. Actual results may differ materially from
the results suggested by these forward-looking statements, for a number
of reasons, including, but not limited to, tenant occupancy and tenant
bankruptcies, the level of indebtedness and interest rates, retail and
credit market conditions, land sales in the Master Planned Communities
segment, the cost and success of development and re-development projects
and our ability to successfully manage liquidity and refinancing
demands. Readers are referred to the documents filed by General Growth
Properties, Inc. with the SEC, specifically the most recent report on
Form 10-K (as amended by Amendment No.1 to such report filed on Form
10-K/A), which further identify the important risk factors which could
cause actual results to differ materially from the forward-looking
statements in this release. The Company disclaims any obligation to
update any forward-looking statements.
General Growth Properties, Inc.
Tim Goebel
TEL
(312) 960-5199
