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For the year ended December 31, 2015, $GGP's base minimum rents decreased by $96.1MM and tenant recoveries decreased $49.9MM. Overage rents fell $7.6MM while management fees and other corporate revenues rose $15.7MM. Other revenue grew $12.2MM primarily due to the sale of air rights at Ala Moana Center resulting in a $25MM gain on sale in 2015.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.