General Growth Properties Earnings Preview

General Growth Properties GGP unveils its next round of earnings this Tuesday, August 2, 2011. Here's Benzinga's advanced look at General Growth Properties' second quarter earnings report.

Earnings and Revenue:

Analysts are predicting an EPS reading of 23 cents per share and revenues of $672.1 million.

Stock Performance:

At last check, shares of General Growth Properties were trading at $16.66. Since January 1st, shares of General Growth Properties have given investors a return of 9%. For a full 12 months, the return has risen by 34.9%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for General Growth Properties is a Hold. Over the past three months this rating's strength has declined slightly.

Competitors:

Wondering how General Growth Properties compares to rivals in the same sector? Here are a few of the company's peers.

• Alexander's ALX: Hold with a $5.15 recent quarter EPS
• Saul Centers BFS: Hold with a $0.53 recent quarter EPS
• CBL & Associates Properties CBL: Hold with a $0.63 recent quarter EPS
• Entertainment Properties EPR: Moderate Buy with a $0.84 recent quarter EPS

General Growth Properties is in the REIT-equity trust industry, which has experienced price/earnings growth of 2.4%.

Finally, a description of the company's main areas of operation: General Growth Properties is a real estate investment trust, which through its subsidiaries and affiliates operates, manages, develops and acquires retail and other rental properties, shopping centers, which are located throughout the United States.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

• To see up-to-date news on General Growth Properties, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here