General Growth operating income improves to $85.17 million in November

By Caroline Salls

Pittsburgh, Dec. 31 - General Growth Properties, Inc. reported $85.17 million of operating income for November on $216.8 million in total revenues, according to its monthly operating report filed with the Securities and Exchange Commission.

The figures showed improvement over the $82.38 million of operating income posted for October on $215.02 million in total revenues.

The net loss for November was $5.39 million, narrowing from an $11.83 million October net loss.

General Growth had $739.16 million in cash and cash equivalents at Nov. 30, up from $657.47 million at the end of October.

General Growth, a Chicago-based real estate investment trust that owns regional shopping malls, master planned community developments and commercial office buildings, filed for bankruptcy on April 16, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-11977.

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