General Growth reports net loss

Shopping-mall owner General Growth Properties Inc. reported a $7.5 million net loss in April on revenue of $101.3 million.

Operating income for the month was $41.7 million while interest expense was $44.6 million and reorganization items were $4 million.

General Growth began the largest real-estate reorganization in U.S. history on April 16. The balance sheet of the Chicago-based company had assets of $29.6 billion and total liabilities of $27.3 billion as of Dec. 31.

It owns about 200 shopping-mall properties. The case is In re General Growth Properties Inc., 09-11977, U.S. Bankruptcy Court, Southern District of New York (Manhattan).