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$GGP 2Q15 PR: On April 1, 2015, GGP acquired a 50% interest in a joint venture with Jeff Sutton to own 85 Fifth Avenue in New York City. The gross purchase price was $88MM which was funded with $60MM of secured debt. GGP’s share of the equity is $14MM. On April 10, 2015, GGP sold a12.5% interest in Ala Moana Center for net proceeds of $454MM.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.