Event-Driven Stocks

Formerly Rouse Properties, Inc.

Spin-offSpun off from General Growth Properties

The two companies

Parent
General Growth Properties
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Real Estate
Industry
Real Estate
Exchange
State of incorporation
Record date
December 30, 2011
Distribution date
January 12, 2012
Ratio
0.0375:1
Parent sector
Form
10-12B/A
Filed
December 20, 2011

Financials — parent vs spin-off

SEC XBRL · latest year
General Growth Properties

No XBRL financials available.

Rouse Properties, LLCFY15
Revenue
$75M
Operating income
$8M
Net income
$44M
Total assets
$2.53B
Equity
$520M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 1/5 favorable · factors, not advice
  • Leverage (liabilities/assets)73%

    A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.

  • Operating margin11%

    Profitability of the standalone business, from its own SEC filings.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)3 open-market buys

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off14.4 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.