General Growth Properties Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenues of USD 574.586 million compared to USD 579.981 million a year ago. Operating income was USD 216.035 million compared to USD 227.555 million a year ago. Net income was USD 189.901 million compared to USD 427.853 million a year ago. Net income attributable to GGP was USD 185.945 million compared to USD 421.940 million a year ago. Net income attributable to common stockholders was USD 181.962 million compared to USD 417.956 million a year ago. Diluted earnings per share was USD 0.19 compared to USD 0.44 a year ago. Company Same Store NOI was USD 555.335 million compared to USD 533.899 million a year ago. EBITDA was USD 157.689 million compared to USD 127.364 million a year ago. FFO of Unconsolidated Properties was USD 102.639 million compared to USD 71.010 million a year ago. FFO per diluted share was USD 0.36 compared to USD 0.33 a year ago.

For the six months, the company reported total revenues of USD 1,181.618 million compared to USD 1,174.125 million a year ago. Operating income was USD 390.016 million compared to USD 430.368 million a year ago. Net income was USD 385.238 million compared to USD 1,069.601 million a year ago. Net income attributable to GGP was USD 377.725 million compared to USD 1,056.669 million a year ago. Net income attributable to common stockholders was USD 369.758 million compared to USD 1,048.701 million a year ago. Diluted earnings per share was USD 0.39 compared to USD 1.10 a year ago. Company Same Store NOI was USD 1,110.591 million compared to USD 1,061.949 million a year ago. EBITDA was USD 336.543 million compared to USD 239.737 million a year ago. FFO of Unconsolidated Properties was USD 227.426 million compared to USD 141.853 million a year ago. FFO per diluted share was USD 0.74 compared to USD 0.60 a year ago.

The company provided earnings guidance for the third quarter ending September 30, 2016 and full year ending December 31, 2016. For the three months ending, the company expected net income attributable to GGP in the range of USD 0.10 to USD 0.12, net income attributable to common stockholders in the range of USD 0.10 to USD 0.12 and Company FFO per diluted share is expected in the range of USD 0.34 to USD 0.36. Guidance for the third quarter is USD 325 million to USD 345 million of FFO or USD 0.34 to USD 0.36 per share.

In the fourth quarter, the company expects FFO per share of USD 0.42 to USD 0.44, which includes USD 8 million of net dilution.

For the full year ending, the company expected net income attributable to GGP in the range of USD 0.70 to USD 0.74, net income attributable to common stockholders in the range of USD 0.68 to USD 0.72 and Company FFO per diluted share is expected in the range of USD 1.51 to USD 1.55. Full-year outlook continues to be 8% to 9%. At the midpoint of guidance, the company now expects company FFO of around USD 1.465 billion and a share count of about USD 960 million.