GGP's

GGP's occupancy level is more than 90% and rising.

The Hidden Value in Hughes Assets John Jannarone 2010

Similarly, Gap is the largest small-shop tenant in General Growth Properties Inc.'s malls, accounting for 2.9% of the GGP's base rents.

Gap to Slash Its Store Count Dana Mattioli 2011

That uncertainty, though, shouldn't distract investors from the more immediate potential in GGP's mainstay business.

The Hidden Value in Hughes Assets John Jannarone 2010

But GGP's malls have some of the highest sales per square foot in the country, a big draw to retailers.

The Hidden Value in Hughes Assets John Jannarone 2010

"We actually believe the winds are behind our back" in selling malls, Mr. Mathrani said during GGP's fourth-quarter earnings call on March 1.

Hey, Malls Here! Get Your Used Malls Here! A.D. Pruitt 2011

Subtracting the $20 billion in net debt after it emerges from bankruptcy and accounting for newly issued shares puts GGP's value at about $15 a share, just below the current stock price of $17.10.

The Hidden Value in Hughes Assets John Jannarone 2010

"As you all know, both were instrumental in GGP's restructuring and ensuring our reputation with retailers remained intact and even improved" as GGP navigated bankruptcy court from April 2009 to November 2010, Mr. Mathrani wrote in an email to employees.

GGP's New CEO Sets Departures Kris Hudson 2011

Previously, Simon had an edge because its outstanding offer would pay off GGP's unsecured debt with cash.

Decoding General Growth's Formula John Jannarone 2010

That is well above the overall value of Simon's current offer of $6 in cash and newly issued shares in GGP's residential-development business, likely worth less than $3 each.

Decoding General Growth's Formula John Jannarone 2010

That makes buying GGP's stock at current levels look like a bet that Simon will return with a higher bid.

Decoding General Growth's Formula John Jannarone 2010