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All Eyes On GGP

Analysts and other industry observers will pay attention to General Growth's earnings call this week.

By Debra Hazel | Updated on November 03, 2008

Of all the retail REITs that are issuing their quarterly earnings results over the last few weeks, perhaps none will be as closely watched as General Growth Properties.

Scheduled for Nov. 5 at 9 am Eastern, the release and related call with analysts will be the first since the company has undergone a series of climactic events, beginning withSept. 22 statement that it was developing a strategic plan that could include the sale of assets, joint ventures or preferred equity, and/or strategic business combinations.

Since then the company announced that it was looking to sell its Las Vegas properties, the Fashion Show Mall, Grand Canal Shoppes, and The Palazzo, and the latest in a series of management shakeups, with chairman John Bucksbaum and COO Robert A. Michaels giving up their CEO and president titles respectively. Michaels also has given up his board seat. Adam Metz assumes the interim CEO post and Thomas J. Nolan Jr. has been named interim president. Earlier in the month, Edmund Hoyt replaced Bernard Freibaum as CFO.

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