| Business Summary | | General
Growth
Properties
Inc.
is
a
real
estate
investment
trust
that
is
primarily
engaged
in
the
ownership,
operation,
management,
leasing,
acquisition,
development,
expansion
and
financing
of
regional
mall
shopping
centers
in
the
United
States.
As
of
December
31,
2000,
General
Growth,
either
directly
or
through
the
Operating
Partnership,
GGP
Limited
Partnership,
and
subsidiaries
owned
100%
of
53
regional
mall
shopping
centers,
50%
of
the
stock
of
GGP/Homart,
Inc.,
50%
of
the
membership
interest
of
GGP/Homart
II,
L.L.C.,
51%
of
the
stock
of
GGP
Ivanhoe,
Inc.,
51%
of
the
stock
of
GGP
Ivanhoe
III,
Inc.,
and
50%
of
each
of
two
regional
mall
shopping
centers,
Quail
Springs
Mall
and
Town
East
Mall.
In
addition,
as
of
December
31,
2001
the
Company
owned
a
non-voting
preferred
stock
interest
in
General
Growth
Management,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GGP
is
a
REIT
engaged
in
the
ownership,
operation,
management,
leasing,
acquisition,
development,
expansion
and
financing
of
enclosed
mall
shopping
centers.
For
the
six
months
ended
6/30/01
revenues
rose
16%
to
$381.5
million.
Net
income
applicable
to
Common
before
accounting
change
and
extraordinary
items
totaled
$207
thousand
from
$44.0
million.
Results
reflect
increased
revenues
due
to
the
effect
of
GGMI
acquisition,
offset
by
the
higher
property
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Matthew Bucksbaum, 75 Chairman | $200K | -- | John Bucksbaum, 44 CEO | 225K | -- | Robert Michaels, 57 Pres,
COO | 867K | -- | Bernard Freibaum, 48 CFO,
Exec. VP | 1.1M | $339K | Ronald Gern, 42 Sr.
VP and Assistant Sec. | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|