DOCSLIB.ORG

GGP Inc. Form 8-K Current Event Report Filed 2018-07-31

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GGP Inc. Form 8-K Current Event Report Filed 2018-07-31 SECURITIES AND EXCHANGE COMMISSION FORM 8-K Current report filing Filing Date: 2018-07-31 | Period of Report: 2018-07-31 SEC Accession No. 0001496048-18-000036 (HTML Version on secdatabase.com) FILER GGP Inc. Mailing Address Business Address 350 N. ORLEANS ST. 350 N. ORLEANS ST. CIK:1496048| IRS No.: 272963337 | State of Incorp.:DE | Fiscal Year End: 1231 SUITE 300 SUITE 300 Type: 8-K | Act: 34 | File No.: 001-34948 | Film No.: 18979369 CHICAGO IL 60654-1607 CHICAGO IL 60654-1607 SIC: 6798 Real estate investment trusts 312-960-5000 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of Earliest Event Reported) July 31, 2018 GGP Inc. (Exact name of registrant as specified in its charter) Delaware 1-34948 27-2963337 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification incorporation) Number) 350 N. Orleans St., Suite 300, Chicago, IL 60654 (Address of principal executive offices) (Zip Code) (312) 960-5000 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ] Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On July 31, 2018, GGP Inc. (“GGP”) issued a press release describing its results of operations for the three and six months ended June 30, 2018. A copy of the press release is being furnished as Exhibit 99.1 to this report. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. ITEM 7.01 REGULATION FD DISCLOSURE. On July 31, 2018, GGP Inc. made available on its website the press release described in Item 2.02 above as well as certain supplemental financial information regarding its operations for the three and six months ended June 30, 2018. A copy of such supplemental financial information is being furnished as Exhibit 99.2 to this report. This information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit No. Description 99.1 Press release titled “GGP Reports Second Quarter 2018 Results” dated July 31, 2018 (furnished herewith). 99.2 Certain GGP supplemental financial information regarding its operations for the three and six months ended June 30, 2018 (furnished herewith). Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GGP INC. /s/ Heath Fear Heath Fear Chief Financial Officer Date: July 31, 2018 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EXHIBIT INDEX Exhibit Number Name Press release titled “GGP Reports Second Quarter 2018 Results” dated July 31, 99.1 2018 (furnished herewith). Certain GGP supplemental financial information regarding its operations for the three and six 99.2 months ended June 30, 2018 (furnished herewith). Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document GGP REPORTS SECOND QUARTER 2018 RESULTS Chicago, Illinois, July 31, 2018 - GGP Inc. (the “Company” or “GGP”) (NYSE: GGP) today reported results for the three and six months ended June 30, 2018. GAAP Operating Results • For the three months ended June 30, 2018, net income attributable to GGP was $93.6 million, or $0.10 per diluted share, as compared to $125.9 million, or $0.13 per diluted share, in the prior year period. For the six months ended June 30, 2018, net income attributable to GGP was $157.7 million, or $0.16 per diluted share, as compared to $233.0 million, or $0.25 per diluted share, in the prior year period. • Net income attributable to GGP decreased 25.6% from the prior year period due to a one-time gain on debt extinguishment in the prior year. Company Operating Results1 • For the three months ended June 30, 2018, Company Same Store Net Operating Income (“Company Same Store NOI”), was $573.9 million, as compared to $548.8 million in the prior year period, an increase of 4.6%. For the six months ended June 30,2018, Company Same Store NOI, was $1.13 billion, as compared to $1.11 billion in the prior year period, an increase of 1.6%. • For the three months ended June 30, 2018, Company Net Operating Income (“Company NOI”), as adjusted, was $579.0 million, as compared to $550.4 million in the prior year period, an increase of 5.2%. For the six months ended June 30, 2018, Company Net Operating Income (“Company NOI”), as adjusted, was $1.14 billion, as compared to $1.11 billion in the prior year period, an increase of 2.2%.2 • For the three months ended June 30, 2018, Company Earnings Before Interest, Taxes, Depreciation and Amortization (“Company EBITDA”), as adjusted, was $546.0 million, as compared to $506.6 million in the prior year period, an increase of 7.8%. For the six months ended June 30, 2018, Company Earnings Before Interest, Taxes, Depreciation and Amortization (“Company EBITDA”), as adjusted, was $1.07 billion, as compared to $1.03 billion in the prior year period, an increase of 3.5%.2 • For the three months ended June 30, 2018, Company Funds From Operations (“Company FFO”) was $347.2 million, or $0.36 per diluted share, as compared to $334.7 million, or $0.35 per diluted share, in the prior year period. For the six months ended June 30, 2018, Company Funds From Operations (“Company FFO”) was $685.3 million, or $0.71 per diluted share, as compared to $680.9 million, or $0.71 per diluted share, in the prior year period. Company Operating Metrics • Same Store occupied and leased percentages were 94.2% and 95.6% at quarter end, respectively. • Initial NOI weighted rental rates for signed leases that have commenced in the trailing twelve months on a suite-to-suite basis increased 12.3% when compared to the rental rate for expiring leases. • For the trailing twelve months, NOI weighted tenant sales per square foot (<10K sf) were $739, an increase of 4.2% over the prior year. ____________________________________________________________________________________________________________________________________________________________ 1. See “Non-GAAP Supplemental Financing Measures and Definitions” on page ER5 for a discussion of non-GAAP financial measures used in this release. This discussion includes the definitions of Proportionate or At Share Basis, Net Operating Income (“NOI”), Company NOI, Company Same Store NOI, Earnings Before Interest Expense, Income Tax, Depreciation and Amortization (“EBITDA”), Company EBITDA, Funds from Operations (“FFO”) and Company FFO, and a reconciliation of non-GAAP financial measures to GAAP financial measures. 2. See Supplemental Information page 4 for items included as adjustments. 1 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Management Commentary For the three and six months ended June 30, 2018, Company FFO was $0.36 and $0.71 cents per share, respectively, in line with Company expectations. Total same store revenues increased 3.9% quarter to date and 1.9% year to date over the prior year period, with gains in permanent revenues and lease termination income. Same store expenses increased 2.1% quarter to date and 2.7% year to date compared to prior year period, due to an increase in real estate taxes partially offset by favorable property maintenance costs. The resulting Same Store NOI for the second quarter and year to date grew 4.6% and 1.6%, respectively.
Load more

Recommended publications
  • Prom 2018 Event Store List 1.17.18
    State City Mall/Shopping Center Name Address AK Anchorage 5th Avenue Mall-Sur 406 W 5th Ave AL Birmingham Tutwiler Farm 5060 Pinnacle Sq AL Dothan Wiregrass Commons 900 Commons Dr Ste 900 AL Hoover Riverchase Galleria 2300 Riverchase Galleria AL Mobile Bel Air Mall 3400 Bell Air Mall AL Montgomery Eastdale Mall 1236 Eastdale Mall AL Prattville High Point Town Ctr 550 Pinnacle Pl AL Spanish Fort Spanish Fort Twn Ctr 22500 Town Center Ave AL Tuscaloosa University Mall 1701 Macfarland Blvd E AR Fayetteville Nw Arkansas Mall 4201 N Shiloh Dr AR Fort Smith Central Mall 5111 Rogers Ave AR Jonesboro Mall @ Turtle Creek 3000 E Highland Dr Ste 516 AR North Little Rock Mc Cain Shopg Cntr 3929 Mccain Blvd Ste 500 AR Rogers Pinnacle Hlls Promde 2202 Bellview Rd AR Russellville Valley Park Center 3057 E Main AZ Casa Grande Promnde@ Casa Grande 1041 N Promenade Pkwy AZ Flagstaff Flagstaff Mall 4600 N Us Hwy 89 AZ Glendale Arrowhead Towne Center 7750 W Arrowhead Towne Center AZ Goodyear Palm Valley Cornerst 13333 W Mcdowell Rd AZ Lake Havasu City Shops @ Lake Havasu 5651 Hwy 95 N AZ Mesa Superst'N Springs Ml 6525 E Southern Ave AZ Phoenix Paradise Valley Mall 4510 E Cactus Rd AZ Tucson Tucson Mall 4530 N Oracle Rd AZ Tucson El Con Shpg Cntr 3501 E Broadway AZ Tucson Tucson Spectrum 5265 S Calle Santa Cruz AZ Yuma Yuma Palms S/C 1375 S Yuma Palms Pkwy CA Antioch Orchard @Slatten Rch 4951 Slatten Ranch Rd CA Arcadia Westfld Santa Anita 400 S Baldwin Ave CA Bakersfield Valley Plaza 2501 Ming Ave CA Brea Brea Mall 400 Brea Mall CA Carlsbad Shoppes At Carlsbad
    [Show full text]
  • Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL
    While we are all eager to get back to business as soon as possible, the timing of our reopening plans is subject to federal, state and local regulations, so projected reopening dates are subject to change. Reopening plans and policies will adhere to federal, state, and local regulations and guidance, and be informed by industry best practices, which will vary based on location and other circumstances. Last Updated: May 27, 2020 Open Properties with Restrictions Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL Park Place | Tucson, AZ Pinnacle Hills Promenade | Rogers, AR Chula Vista Center | Chula Vista, CA The Shoppes at Bel Air | Mobile, AL The Mall at Sierra Vista | Sierra Vista, AZ Fig Garden Village | Fresno, CA Tucson Mall | Tucson, AZ Galleria at Tyler | Riverside, CA Mt. Shasta Mall | Redding, CA Otay Ranch Town Center | Chula Vista, CA Promenade Temecula | Temecula, CA The Shoppes at Carlsbad | Carlsbad, CA Valley Plaza Mall | Bakersfield, CA Victoria Gardens | Rancho Cucamonga, CA Colorado Connecticut Florida Georgia Park Meadows | Lone Tree, CO Brass Mill Center | Waterbury, CT Altamonte Mall | Altamonte Springs, FL Augusta Mall | Augusta, GA The Shoppes at Buckland Hills | Manchester, CT Coastland Center | Naples, FL Cumberland Mall | Atlanta, GA The Shops at Somerset Square | Glastonbury, CT Governor's Square | Tallahassee, FL North Point Mall | Alpharetta, GA The SoNo Collection | Norwalk, CT Lakeland Square Mall | Lakeland, FL Oglethorpe Mall | Savannah, GA Mizner Park | Boca Raton, FL Peachtree Mall |
    [Show full text]
  • Round-The-Clock Shopping Returns As Macy's Brings
    December 18, 2013 Round-the-Clock Shopping Returns as Macy’s Brings Back Its Overnight Hours at Select Stores Extended Store Hours and 24-Hour Shopping Starts Friday, Dec. 20 NEW YORK--(BUSINESS WIRE)-- Last minute holiday shoppers receive their Christmas presents early this year with the gift of extra time as Macy’s brings back its seasonal tradition, 24-hour shopping. Beginning Friday, Dec. 20 at 7 a.m., 37 Macy’s stores in select cities across the country including Macy’s Herald Square in New York City; Union Square in San Francisco; and State Street in Chicago will stay open overnight for four days in a row of non-stop shopping until Christmas Eve on Tuesday, Dec. 24 at 6 p.m. With a shorter shopping season, Macy’s customers will be able to enjoy 107 hours of ‘round- the-clock shopping to ensure that everyone on the list receives the very best gift. A customer service initiative since 2006, Macy’s 24-hour shopping is a holiday tradition that makes the season less hectic with stores remaining open all-night during the homestretch of the Christmas season. Less holiday crowds and shorter lines are an added bonus as Macy’s makes sure that time is on everyone’s side. In addition to the 24-hour stores, mostly all stores nationwide, except furniture galleries and select locations, will offer extended hours each night until 2 a.m. thru Dec. 23, making Macy’s the go-to store for gifting. “Overnight shopping at Macy’s has become a holiday tradition that last minute gift-givers count on to get them through the time crunch of the season,” said Peter Sachse, chief stores officer, Macy’s, Inc.
    [Show full text]
  • Rockaway (Metro New York), New Jersey Rockaway the Heart of New Jersey
    BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). ROCKAWAY (METRO NEW YORK), NEW JERSEY ROCKAWAY THE HEART OF NEW JERSEY Rockaway Townsquare serves local shoppers in Morris County, home to 496,000 people. — Morris County is the 10th most affluent county in the country, with an average annual household income of $133,000. — The center also serves Warren and Sussex Counties in New Jersey and Northeastern Pennsylvania. — The mall is within close proximity to the headquarters of Avis, Honeywell International, and Quest Diagnostics. SOMETHING FOR EVERYONE Morris County’s only super-regional mall, Rockaway Townsquare is the area’s shopping destination of choice with a diverse retail mix. — A multimillion-dollar renovation was recently completed, providing numerous upgrades and amenities as well as a completely remodeled food court. BY THE NUMBERS Anchored by Four Department Stores Lord & Taylor, Macy’s, JCPenney, Sears Square Footage Rockaway Townsquare spans 1,246,000 square feet. Two Levels Boasting more than 180 specialty stores and eateries. IN GOOD COMPANY Distinctive. Classic. Chic. Many fine brands have chosen Rockaway Townsquare as their preferred location in the Rockaway market. — Abercrombie & Fitch — Aéropostale — Build-A-Bear Workshop — Francesca’s — Hollister Co. — Modell’s Sporting Goods — Swarovski — White House I Black Market POSITIONED TO SUCCEED Rockaway Townsquare is in affluent Morris County in New Jersey, 30 miles west of Manhattan.
    [Show full text]
  • Brookfield Property REIT Inc. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 1-34948 Brookfield Property REIT Inc. (Exact name of registrant as specified in its charter) Delaware 27-2963337 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 250 Vesey Street, 15th Floor, New York, NY 10281-1023 (Address of principal executive offices) (Zip Code) (212) 417-7000 (Registrant's telephone number, including area code) Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class A Stock: Name of Each Exchange on Which Registered: Class A Stock, $.01 par value NASDAQ Global Select Market Securities Registered Pursuant to Section 12(g) of the Act: 6.375% Series A Cumulative Redeemable Preferred Stock Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No ý Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Optiplus New York State Provider List 11
    Sheet1 ALBANY BRONX KINGS Albany Bronx Brooklyn Sterling Optical Sterling Optical Cohen's Fashion Optical Crossgates Mall 2168 White Plains Road 189 Montague Street 120 Washington Avenue Ext. (718) 931-0500 (718) 855-2333 (518) 456-4151 BERGEN BRONX KINGS Paramus Bronx Brooklyn Lens Lab Express of Paramus Vision Quest Optical Lens Lab Express 193 Route 17 South 880 White Plains Road 482 86th St (201) 368 -1916 (718) 239-9389 (718) 921-5488 BERGEN BRONX KINGS Bergenfield Bronx Brooklyn New Jersey Eye Center Cohen's Fashion Optical Lens Lab Express of Flatbush 1 North Washington Ave. 3416 Jerome Avenue 972 Flatbush Avenue (201) 384-7333 (718) 325-3160 (718) 826-0005 BRONX BRONX KINGS Bronx Bronx Brooklyn General Vision of Lincoln Optic Zone Lens Lab Express of Graham Avenue Hospital 2882 Third Avenue 28 Graham Ave 234 East 149th Street (718) 402-8300 (718) 486-0117 Room 2-A3 (718) 665-0611 BRONX BRONX KINGS Bronx Bronx Brooklyn Bronx Eyecare Bronx Eye Care Family Vision Center 2374 Grand Concourse 5571 Broadway 1023 Church Avenue (718) 365-6300 (718) 543-2020 (718) 826-1234 BRONX KINGS KINGS Bronx Brooklyn Brooklyn Bronx Eyecare General Vision of Flatbush Vogue Optical 2075 Bartow Avenue 2504 Flatbush Ave 3723 Nostrand Ave (718) 671-5666 (718) 253-7700 (718) 646-6200 BRONX KINGS KINGS Bronx Brooklyn Brooklyn Bronx Eyecare General Vision of Court Street Fulton Vision Center 940 Southern Boulevard 66 Court Street 519 Fulton Street (718) 328-7137 (718) 625-0025 (718) 852-7906 KINGS CAMDEN ESSEX Brooklyn Haddon Heights Irvington Mega Vision Center Dr.
    [Show full text]
  • Alderwood Altamonte Mall Apache Mall Augusta Mall Baybrook Mall
    Official Rules - New Year Fitness Resolution Sweepstakes NO PURCHASE NECESSARY TO ENTER OR WIN. This promotion is not administered by, sponsored, endorsed, or associated with Facebook or Instagram. This Sweepstakes is solely sponsored by General Growth Services, Inc. (“GGSI” or "Sponsor"), it is a national Sweepstakes marketeD at each of the Participating Malls (“Participating Malls”) referenceD-below. DATES: Enter once between January 15, 2018 3:00 PM CST and February 9, 2018 11:59 PM CST (“Promotional Period”). Limit one entry per person. ENTRY: Visit a Participating Mall’s Facebook (“FB”) page, and look for the Sweepstakes message we post and answer the questions on our timeline. ELIGIBILITY: The Sweepstakes is open to legal residents of the 50 United States or D.C., age 18 or older. Employees and officers of GGSI and their respectiVe parent and subsidiary companies and affiliates are not eligible to enter or win. Immediate family members and household members of such indiViduals are also not eligible to enter or win. "Immediate family members" shall mean parents, step-parents, legal guardians, children, step-children, siblings, step-siblings, or spouses. "Household members" shall mean those people who share the same residence at least three months a year. PRIZE/WINNER SELECTION/ODDS: Winner will be selected in a random drawing. The odds of winning depend on the total number of entries receiVed nationally. One Grand Prize winner to receiVe a $100 GGP Gift Card. CLAIMING PRIZE: Winner will be notified (“Win Notification”) Via FB by the Sponsor and will haVe 4 days after the Win Notification to contact the Sponsor.
    [Show full text]
  • Case 20-13076-BLS Doc 67 Filed 12/07/20 Page 1 of 14
    Case 20-13076-BLS Doc 67 Filed 12/07/20 Page 1 of 14 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ------------------------------------------------------------ x : In re: : Chapter 11 : Case No. 20-13076 (BLS) FRANCESCA’S HOLDINGS CORPORATION, : et al.,1 : Joint Administration Requested : Debtors. : Re: D.I. 8 ------------------------------------------------------------ x SUPPLEMENTAL DECLARATION OF SHERYL BETANCE IN SUPPORT OF THE DEBTORS’ APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF STRETTO AS CLAIMS AND NOTICING AGENT, NUNC PRO TUNC TO THE PETITION DATE Pursuant to 28 U.S.C.§ 1746, I, Sheryl Betance, declare under penalty of perjury that the following is true and correct to the best of my knowledge, information, and belief: 1. I am a Senior Managing Director of Corporate Restructuring at Stretto, a chapter 11 administrative services firm with offices at 410 Exchange, Ste. 100, Irvine, CA 92602. Except as otherwise noted, I have personal knowledge of the matters set forth herein, and if called and sworn as a witness, I could and would testify competently thereto. 2. On December 3, 2020, the Debtors filed the Debtors’ Application for Entry of an Order Authorizing the Retention and Employment of Stretto as Claims and Noticing Agent, Nunc Pro Tunc to the Petition Date [D.I. 8] (the “Application”),2 and the Declaration of Sheryl Betance in Support of the Debtors’ Application for Entry of an Order Authorizing the Retention and 1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification number, are Francesca’s Holdings Corporation (4704), Francesca’s LLC (2500), Francesca’s Collections, Inc.
    [Show full text]
  • Brookfield Properties' Retail Group Overview
    Retail Overview Brookfield Properties’ Retail Group Overview We are Great Gathering Places. We embrace our cultural core values of Humility, Attitude, Do The Right Thing, H Together and Own It. HUMILITY Brookfield Properties’ retail group is a company focused A ATTITUDE exclusively on managing, leasing, and redeveloping high- quality retail properties throughout the United States. D DO THE RIGHT THING T TOGETHER O HEADQUARTERS CHICAGO OWN IT RETAIL PROPERTIES 160+ STATES 42 INLINE & FREESTANDING GLA 68 MILLION SQ FT TOTAL RETAIL GLA 145 MILLION SQ FT PROFORMA EQUITY MARKET CAP $20 BILLION PROFORMA ENTERPRISE VALUE $40 BILLION Portfolio Map 2 7 1 4 3 5 3 6 2 1 2 1 1 2 1 3 3 3 1 1 2 4 1 2 1 3 2 1 1 10 4 2 5 1 4 10 2 3 3 1 48 91 6 5 6 2 7 6 4 5 11 7 4 1 1 1 2 2 2 5 7 1 2 1 2 1 1 1 1 6 1 3 5 3 4 15 19 2 14 11 1 1 3 2 1 2 1 1 3 6 2 1 3 4 18 2 17 3 1 2 1 3 2 2 5 3 6 8 2 1 12 9 7 5 1 4 3 1 2 1 2 16 3 4 13 3 1 2 6 1 7 9 1 10 5 4 2 1 4 6 11 5 3 6 2 Portfolio Properties 1 2 3 3 3 1 7 4 Offices 13 12 2 Atlanta, GA 7 3 1 1 Chicago, IL Baltimore, MD 8 5 2 Dallas, TX 4 Los Angeles, CA 6 New York, NY 8 2 9 5 Property Listings by State ALABAMA 7 The Oaks Mall • Gainesville 3 The Mall in Columbia • Columbia (Baltimore) 9 Brookfield Place • Manhattan WASHINGTON 8 Pembroke Lakes Mall • Pembroke Pines 4 Mondawmin Mall • Baltimore 10 Manhattan West • Manhattan 1 Riverchase Galleria • Hoover (Birmingham) 1 Alderwood • Lynnwood (Seattle) 5 Towson Town Center • Towson (Baltimore) 11 Staten Island Mall • Staten Island 2 The Shoppes at Bel Air • Mobile (Fort Lauderdale)
    [Show full text]
  • Alabama Arizona Arkansas California Riverchase Galleria
    While we are all eager to get back to business as soon as possible, the timing of our reopening plans is subject to federal, state and local regulations, so projected reopening dates are subject to change. Reopening plans and policies will adhere to federal, state, and local regulations and guidance, and be informed by industry best practices, which will vary based on location and other circumstances. Last Updated: July 20, 2020 Open Properties with Restrictions Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL Park Place | Tucson, AZ Pinnacle Hills Promenade | Rogers, AR Bayshore Mall | Eureka, CA The Shoppes at Bel Air | Mobile, AL The Mall at Sierra Vista | Sierra Vista, AZ Chula Vista Center | Chula Vista, CA Tucson Mall | Tucson, AZ Fig Garden Village | Fresno, CA Mt. Shasta Mall | Redding, CA Otay Ranch Town Center | Chula Vista, CA Valley Plaza Mall | Bakersfield, CA Victoria Gardens | Rancho Cucamonga, CA Colorado Connecticut Delaware Florida Park Meadows | Lone Tree, CO Brass Mill Center | Waterbury, CT Christiana Mall | Newark, DE Altamonte Mall | Altamonte Springs, FL Southwest Plaza | Littleton, CO The Shoppes at Buckland Hills | Manchester, CT Coastland Center | Naples, FL The Shops at Somerset Square | Glastonbury, CT Governor's Square | Tallahassee, FL The SoNo Collection | Norwalk, CT Lakeland Square Mall | Lakeland, FL Mizner Park | Boca Raton, FL The Oaks Mall | Gainesville, FL Pembroke Lakes Mall | Pembroke Pines, FL Shops at Merrick Park | Coral Gables, FL Georgia Hawaii Idaho Illinois Augusta Mall
    [Show full text]
  • Regional Malls Update SASB Office Stresses November 18, 2020
    Regional Malls Update SASB Office Stresses November 18, 2020 ©2020 Morningstar. All Rights Reserved. Delinquent Balance by Vintage No. of Outstanding Delinquent Transactions with Total Outstanding Total Delinquent Delinquency Vintage Loans Transactions Loans Delinquent Loan Pieces Balance Balance Rate % CMBS 1.0 2004-10 25 22 5 5 $ 1,971,189,425 $ 340,381,500 17.3% 2011 36 17 15 10 $ 3,260,894,119 $ 1,069,328,555 32.8% 2012 57 29 14 12 $ 6,931,127,556 $ 1,361,223,563 19.6% 2013 71 49 21 18 $ 10,007,397,698 $ 1,579,944,132 15.8% 2014 54 41 18 20 $ 7,347,007,964 $ 2,724,095,257 37.1% 2015 39 33 8 11 $ 4,483,115,883 $ 529,240,058 11.8% CMBS 2.0 2016 36 50 6 13 $ 6,097,487,560 $ 1,269,971,047 20.8% 2017 23 37 3 4 $ 2,607,603,346 $ 74,006,615 2.8% 2018 20 38 2 4 $ 4,913,120,868 $ 680,652,099 13.9% 2019 13 19 1 1 $ 3,182,443,725 $ 23,500,000 0.7% 2020 3 10 0 0 $ 823,945,946 $ - 0.0% Total 377 345 93 98 $ 51,625,334,090 $ 9,652,342,825 18.7% Source: DBRS Morningstar Viewpoint 2 Maturity Breakdown CMBS Mall Universe CMBS Delinquent Mall Universe 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% 2020 2021 2022 2023 2024 2025 2026 2027 2028 Source: DBRS Morningstar Viewpoint 3 DBRS Morningstar Market Rank Analysis of Delinquent Mall Universe 1.8% 1 2 3 4 5 6 7 8 1.3% 0.0% 0.0% 17.3% 20.5% 18.5% 40.6% Note: Market Ranks 6 or 8 had no significant delinquency percentages.
    [Show full text]
  • Perth Amboy Keasbey Hopelawn Fords Sewaren
    3 4 company manufactured terracotta practice bombs for the Army Air William H. Berry settled in Woodbridge in 1832 and in 1845 he began Corps. Later they produced extruded wall ashlars and swimming manufacturing fire-brick. Strategically located along Woodbridge Creek, The Mysterious Woodbridge Figures pool blocks. by 1875 his plant could produce a million high-quality fire-bricks annu- The clay industry produced many of the elite of Woodbridge soci- ally. Mr. Berry was a township committeeman and chairman of the board, LEGEND Made of pine or cedar, the small carvings are linked to Woodbridge’s clay history through the location of their discovery. They were ety. The “clayocracy” as they were referred to in a 1935 Woodbridge president of the board of directors of Dime Savings Bank, public school PORT READING AVE reportedly found during the development of Woodbridge Center in a shack in the scrub woodland surrounding the old clay pits. Everything TOWNSHIP BOUNDARIES Independent article, included the Anness, Berry, Cutter, Melick, trustee, trustee and president of the board of the Methodist Episcopal else is a mystery. Who made the unique, armless, anatomically correct folk-art figures? When and why? Date estimates range from late eighteen-hundreds through the 1940s. Rumors hint at an inbred clan of squatters, an insular family, fertility cult, healing shrine and deep Potter, Ryan and Valentine families. In addition to their business Church, Sunday school teacher and superintendent. He was also instru- WOODBRIDGE TOWNSHIP US RT 1 secrets that may never be known. However, since their discovery they have been exhibited in New York, Newark and Paris and are highly endeavors, many held political and governmental offices, founded mental in the construction of School No.
    [Show full text]