GGP tops list of S&P 500’s biggest winners since recession

Miami /
Mar.March 13, 2017 12:45 PM

From the New York website: General Growth Properties leads the pack of S&P 500 companies that have skyrocketed in value since the recession, climbing more than 7,000 percent since 2009.

CBRE and SL Green Realty also make the list of 40 stocks that have climbed more than 1,000 percent in value in the past eight years, MarketWatch reported.

The S&P 500 index has rallied roughly 250 percent since 2009, largely on the back of the Federal Reserve’s quantitative easing, according to analysts.

Of the 500 stocks that make up the large-cap index, a little bit more than 400 have doubled in value since 2009, and among those 40 have jumped 1,000 percent or more.

Chicago-based real estate investment trust GGP topped the list, growing 7,723 percent since March 9, 2009. CBRE ranked No. 26 at 1,299 percent and SL Green Realty came in at No. 38, growing 1,064 percent.

Brookfield Property Partners was said to be considering a buyout of GGP last year, but company executives squashed the rumor. [MarketWatch]Rich Bockmann


Related Articles

arrow_forward_ios
Donald Trump and Grant Cardone (Cardone Enterprises)
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
Grant Cardone and a rendering of LAs Olas Walk (Cardone Capital, ZOM/McNeal Realty)
Grant Cardone to buy $750M in SoFla apartments
Grant Cardone to buy $750M in SoFla apartments
The current building on Dania Beach (Google Maps)
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
Shuttered Dania Beach waterfront restaurant could get new life as Lucky Fish
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...