GGP Inc. Reports Consolidated and Company Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Three Months Ending June 30, 2017 and for the Year Ending December 31, 2017
For the quarter, reported company same store net operating income was $561 million as compared to $547 million in the prior year period, an increase of 2.5%. Company net operating income as adjusted was $567 million as compared to $551 million in the prior year period, an increase of 2.9%. Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) as adjusted was $530 million as compared to $512 million in the prior year period, an increase of 3.7%. Company FFO was $346,217,000 compared to $382,803,000 a year ago. Company FFO per diluted share was $0.36 compared to $0.40 a year ago.
For the year ending December 31, 2017, the company expects net income attributable to company to be $0.59 to $0.63, net income attributable to common stockholders to be $0.57 to $0.61, company FFO per diluted share to be $1.56 to $1.60.
For the three months ending June 30, 2017, the company expects net income attributable to company to be $0.10 to $0.12, net income attributable to common stockholders to be $0.09 to $0.11, company FFO per diluted share to be $0.34 to $0.36.