CHICAGO, Jan. 19, 2012 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) announced today the tax reporting information for 2011 distributions on its common stock as shown below.

For 2011, $0.826000 per common share was distributed in the form of cash and Rouse Properties, Inc. common stock. Of this amount, $0.599298 per common share is taxable in 2011. The remainder of $0.226702 will be taxable in 2012. Distributions include an allocation of Unrecaptured Section 1250 Gain which is included in the Capital Gain Distribution figures. Federal Form 1099 will be mailed no later than January 31, 2012. Taxability of the 2011 distributions is not necessarily indicative of future distributions.

General Growth Properties, Inc. Common Stock

CUSIP 370023103

Ticker Symbol: GGP


                                                                                                                                             2011 TAX INFORMATION
                                                                                                                                             --------------------
    Record                                           Payable                           Type of Distribution       Total                                                       2012      Total       Taxable    Capital Gain   Unrecaptured
                                                                                                              Distribution                                                                          Ordinary   Distribution     Sec. 1250
    Date                                             Date                                                      Per Share                            Taxable                             Taxable
                                                                                                                                                  Distribution                       Distribution  Dividends                      Gain
    ----                                                                         ----                            ---------                                   ------------            ------------  ---------                      ----
    4/15/11                                                                   4/29/11  Cash                      $0.100000                                               $0.000000      $0.100000  $0.050635      $0.049365      $0.023033
    7/15/11                                                                   7/29/11  Cash                       0.100000                                                0.000000       0.100000   0.050635       0.049365       0.023033
    10/14/11                                                                 10/31/11  Cash                       0.100000                                                0.000000       0.100000   0.050635       0.049365       0.023033
    12/30/11                                                                  1/13/12  Cash                       0.100000                                                0.043849       0.056151   0.028432       0.027719       0.012933
    12/30/11                                                                  1/12/12  Stock                      0.426000                                                0.182853       0.243147   0.123118       0.120029       0.056005
    --------                                                                  -------  -----                      --------                                                --------       --------   --------       --------       --------
                                                     TOTAL                                        $0.826000      $0.226702                                               $0.599298      $0.303455  $0.295843      $0.138037
                                                     =====                                        =========      =========                                               =========      =========  =========      =========
    PERCENT OF ANNUAL TOTAL                                                                                         100.00%                                                  50.64%         49.36%
    =======================                                                                                         ======                                                   =====          =====

ABOUT GGP
General Growth Properties, Inc. owns or has an interest in 136 regional shopping malls comprising approximately 140 million square feet of gross leasable area in the United States. GGP is headquartered in Chicago, Illinois and is publicly traded on the NYSE under the symbol GGP. For further information please visit the GGP website at www.GGP.com. 


    INVESTORS:                                          MEDIA:
    Kevin Berry                                         David Keating
    kevin.berry@ggp.com                                 david.keating@ggp.com
    (312) 960-5529                                      (312) 960-6325

SOURCE General Growth Properties, Inc.