General Growth Properties

  • Bill Ackman Buys Air Products, Sells General Growth, Bets Big on P&G

    By Sam Mattera - August 17, 2013 | Tickers: APD, GGP, PG

    Investor Bill Ackman runs Pershing Square, a hedge fund with about $11 billion under management. Ackman’s general strategy is a combination of value investing and activism -- Pershing Square buys up large stakes in undervalued companies and works with the firm’s management to improve the underlying business.

    In the second quarter, Pershing Square purchased a large stake in Air Products (NYSE: APD), sold some of its General Growth Properties more »

  • Commercial Real Estate at Its Best…Or Worst?

    By Marshall Hargrave - July 22, 2013 | Tickers: GGP, HHC, SPG

    It appears that commercial real estate is not the next shoe to drop, meaning it could be the next boom market to follow. Residential real estate has seen an impressive rebound over the last year and this market should help drive the commercial market.

    Not to mention the companies outlined below have impressive exposure to discretionary spending, meaning they could perform nicely on the back of a rebounding economy. I more »

  • This Is Your Surest Bet On A Housing Rebound

    By Shmulik Karpf - July 3, 2013 | Tickers: BRK-B, BRK-A, BAM, GGP

    There are many ways to play a housing rebound. You can invest directly through stocks of home-builders, or indirectly through home maintenance supplies like carpeting, paint or dishes. You can even take it one step further and invest in banks with high exposure to retail mortgage portfolios, such as Wells Fargo, which controls roughly a third of the U.S retail mortgage market. But there's another way, a worry-free more »

  • 3 of Pershing Square's Top Picks

    By Madhukar Dubey - June 29, 2013 | Tickers: CP, GGP, PG

    Pershing Square Capital invests in mid-cap and large-cap stocks of  businesses with little financial leverage. The firm also invests in low-volatility stocks. This investment style provides larger margin of safety, which is generally preferred by value investors. In this article, I am analyzing its top-three holdings as per the last 13F filed by the fund. Overall, these three companies constitute 67% of Pershing Square Capital's portfolio.

    Company

    Percentage Holding more »

  • Besides Herbalife, What Else Do You Need to Know About Bill Ackman?

    By Meena Krishnamsetty - June 17, 2013 | Tickers: CP, GGP, PG

    One of the "hedgies" we track at Insider Monkey is Pershing Square managed by Bill Ackman, and it has recently filed its 13F form with the SEC. Disclosing its first- quarter stock positions, Ackman has made a ton of noteworthy moves, but we’ll keep it to his top five. Most readers probably know this money manager from the Herbalife saga, but there’s more to him than that. Let more »

  • Should We Follow Howard Hughes' CEO Into the Company?

    By Anh HOANG - June 10, 2013 | Tickers: GGP, HHC, SPG

    On June 2, David Weinreb, the CEO and Director of Howard Hughes (NYSE: HHC), spent nearly $1 million to accumulate 10,000 shares of the company he is managing at an average price of $99.56 per share. Howard Hughes has experienced a great run-up since the beginning of the year, from around $46 per share to more than $100 per share. Should we follow David Weinreb into Howard Hughes more »

  • Billionaire Bill Ackman’s First-Quarter Trades

    By Meena Krishnamsetty - May 23, 2013 | Tickers: GGP, MATX, MDLZ, PG

    Bill Ackman, the billionaire manager of Pershing Square, has been in the news quite a bit in the last several months thanks to his public statements about his large short position in Herbalife. In December he accused the company of being a pyramid scheme; fellow billionaire and longtime Ackman rival Carl Icahn (see Icahn's stock picks) began buying the stock after it fell in price, and slugged it out more »

  • Tracking the Pieces of This Former Empire

    By Robert Hanley - May 9, 2013 | Tickers: GGP, HHC, RSE

    Over a fifty year period, the Bucksbaum family built General Growth Properties (NYSE: GGP) from a tiny Iowa real estate developer into the #2 domestic mall empire.  However, the company’s operating structure collapsed in 2008, mostly due to the weight of debt taken on during its blockbuster purchase of Rouse in 2004.  Despite General Growth’s 2009 bankruptcy filing, it survived the process relatively intact, although it has spun more »

  • Go for GGP’s Dividends, but Watch for J.C. Penney Exposure

    By Poonkulali Thangavelu - May 1, 2013 | Tickers: CBL, GGP, JCP, SPG, MAC

    After emerging from bankruptcy in 2010, General Growth Properties (NYSE: GGP) has been gaining strength. And as the economy gradually recovers and retail sales start to pick up as consumers gradually increase their spending, retail mall landlords such as General Growth stand to gain.

    The real estate investment trust owns and manages 144 regional malls, of which 18 are located in Brazil, for a grand total of about 135 million more »

  • How to Play the Real Estate Resurgence

    By Sterling Raskie - April 12, 2013 | Tickers: AGNC, GGP, SFI, SPG, XHB, TOL

    Real estate seems to be on the mend. The best way to play this is with four promising stocks that cover different aspect of the property market. Three of them are real estate investment trusts. Two are in mortgages, one in homebuilding and the fourth in regional shopping malls.

    The first company, iStar Financial (NYSE: SFI) took a beating in 2008, with its non-agency mortgages (read: federally supported organizations like more »

  • How to Play the Real Estate Resurgence

    By Sterling Raskie - April 12, 2013 | Tickers: AGNC, GGP, SFI, SPG, XHB, TOL

    Real estate seems to be on the mend. The best way to play this is with four promising stocks that cover different aspect of the property market. Three of them are real estate investment trusts. Two are in mortgages, one in homebuilding and the fourth in regional shopping malls.

    The first company, iStar Financial (NYSE: SFI) took a beating in 2008, with its non-agency mortgages (read: federally supported organizations like more »

  • How Were Pershing Square and Bill Ackman Preparing for 2013?

    By Meena Krishnamsetty - March 15, 2013 | Tickers: BEAM, CP, GGP, JCP, PG

    At Insider Monkey, we track 450 of the world’s most elite hedge fund managers and our research has shown that over time, their best picks routinely outperform.  For more than a decade in our back tests, our strategy beat the market by 18 percentage points a year, and since we've started sharing these picks with the public, it has outpaced the S&P 500 by more than 20 more »

  • Billionaire Bill Ackman’s Top Stock Picks for 2013

    By Meena Krishnamsetty - February 19, 2013 | Tickers: CP, GGP, HLF, JCP, PG

    The most popular small cap stocks among hedge funds, as revealed by 13F filings, produce an excess return of 18 percentage points per year according to our research (learn more about our small cap strategy). This is the case even though 13Fs disclose long equity positions at the end of a quarter but are only released six to seven weeks later. Other hedge fund strategies based on 13Fs may also more »

  • This Mall Operator is for the Long Term

    By Anh HOANG - February 11, 2013 | Tickers: GGP, SPG, MAC

    Since 2010, General Growth Properties (NYSE: GGP) has successfully emerged from bankruptcy to become the second biggest mall operator in the world.  In the past 12 months its share price has advanced nearly 22%. The company has recently announced impressive fourth quarter earnings that beat analysts’ estimates. Many investors might wonder whether or not General Growth is a decent buy at its current price.  Let's find out.

    The World more »

  • Should Investors Jump Into the Fairholme Fund While They Still Can?

    By Alex Gray - February 1, 2013 | Tickers: AIG, BAC, GGP, FAIRX, SHLD, FAAFX, FOCIX, JOE

    On January 30, 2013, Fairholme Funds announced that it will suspend the sale of shares to new investors.  The funds impacted by this suspension will be The Fairholme Fund, Fairholme Focused Income and Fairholme Allocation

    Let me start by stating that I am not your typical mutual fund investor.  In fact, I own only one mutual fund in my entire portfolio and FAIRX is it.  The primary reasons to hold more »

  • Don't Shop The Mall, Buy The Mall

    By AnnaLisa Kraft - January 29, 2013 | Tickers: GGP, SPG, TCO, MAC

    With value investors scouring the world of stocks for yield REITs naturally come to mind. Those investors who want some retail exposure and yield gravitate toward the shopping mall REITs. There are four big names in the space and undoubtedly you have visited one of their malls: Simon Property Group (NYSE: SPG), Taubman Centers (NYSE: TCO), General Growth Properties (NYSE: GGP) and Macerich (NYSE: MAC).

    If you think the economy more »

  • Ackman's Top Three Picks

    By Madhukar Dubey - January 25, 2013 | Tickers: CP, GGP, PG

    Bill Ackman is a long-term value investor who owns the hedge fund “Pershing Square Capital Management' with a total value of ~$8.9 billion as on Sep '2012. Ackman is known for his activist approach and special situation investments. Recently he is in news for betting against the stock of Herbalife and saying that the company is a 'pyramid scheme' and its stock should fall to zero. Similarly, earlier last more »

  • Special Situation in Commercial Real Estate

    By Mike Thiessen - January 22, 2013 | Tickers: BAM, GGP, SPG

    Toronto-based Brookfield Asset Management (NYSE: BAM) is poised to form a new publicly-traded entity using an enormous chunk of its commercial real estate holdings. The property giant will retain a majority stake in its new Brookfield Property Partners (BPY - exchange pending) spin-off. If no last-minute regulatory or legal hurdles arise to derail the move, it could be finalized during the first quarter of 2013.

    About Brookfield Asset Management and Brookfield more »

  • Ackman Needs a Real Estate Recovery

    By Mike Thiessen - January 17, 2013 | Tickers: GGP, SPG, MAC

    Not every hedge fund star is bullish on real estate or retail; Bill Ackman of Pershing Square has backed away from his efforts to force ailing mall operator General Growth Properties (NYSE: GGP) to sell out. Reuters reported that Ackman lost his interest in General Growth after its competitor, Simon Property Group (NYSE: SPG), showed no interest in buying the mall company.

    Ackman had been working to get Simon to more »

  • Bill Ackman and General Growth Properties

    By Anh HOANG - January 10, 2013 | Tickers: BAM, GGP, SPG

    Bill Ackman, the billionaire hedge fund manager has decided to go passive on General Growth Properties (NYSE: GGP), dropping his on-going push for the sale of this mall operator. He agreed to sell warrants to buy 18 million shares of General Growth to Brookfield Asset Management (NYSE: BAM) at around $15 per warrant, bringing to Ackman around $270 million. The warrant would allow Brookfield to buy General Growth’s stocks more »

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