Malls Part II (Short "A" Hot Mess?)
Much like Macerich Co., GGP Inc. ($GGP) reported earnings late last week. The results, however, were quite different. GGP reported a 49% decrease in net income YOY and a slight EPS beat, a 3.4% EBITDA increase, an incremental $53mm FFO gain, and 97% occupancy.
While pointing out that 7000 stores closed nationwide in 2017 - and 21 household names filed f…