GGP Inc. reported consolidated and company earnings results for the first quarter ended March 31, 2017. For the quarter, on consolidated basis reported total revenues were $566,332,000 compared to $607,032,000 a year ago. Operating income was $192,869,000 compared to $173,980,000 a year ago. Income before income taxes, equity in income of Unconsolidated Real Estate Affiliates, and non controlling interests were $81,665,000 compared to $125,852,000 a year ago. Net income attributable to company was $107,160,000 compared to $191,780,000 a year ago. Net income attributable to common stockholders was $103,176,000 compared to $187,796,000 a year ago. Diluted earnings per share were $0.11 compared to $0.20 a year ago. FFO per diluted share was $0.36 compared to $0.38 a year ago. FFO was $339,990,000 compared to $363,311,000 a year ago. Company FFO per diluted share was $0.36 compared to $0.38 a year ago.

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.