GGP, which is based in Chicago, reports core funds from opetrations rose in the fourth quatrter because of higher rents and occupancy and its ability for the firm to replace vacating tenants such as Borders.
The company reported a fourth-quarter loss overall, but is says it has 22 big box stores coming online this year.
The company shed 30 malls to bring its total to 136, GlobeSt.com reported after a conference call held by CEO Sandeep Mathrani.
