Taubman Centers, Inc. Issues Solid First Quarter Results
Mall Tenant Sales Per Square Foot Up 1.2 Percent in the Quarter Trailing 12-Month Releasing Spreads Of 16.3 Percent Average Rent Per Square Foot Up 1 Percent CityOn.Zhengzhou Opened 100 Percent Leased Country Club Plaza Office Tower Sold Quarterly Common Stock Dividend Increased 5 Percent to $0.625 Per Share Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2017. March 31, 2017 March 31, 2016 Three Months Three Months Ended Ended Net income attributable to common shareowners, diluted (in thousands) $17,215 $24,679 Growth rate (30.2)% Net income attributable to common shareowners (EPS) per diluted share $0.28 $0.41 Growth rate (31.7)% Funds from Operations (FFO) per diluted common share $0.85 $0.84 Growth rate 1.2% Adjusted Funds from Operations (Adjusted FFO) per di...
Taubman Schedules First Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its first quarter 2017 earnings after the market closes on April 27, 2017 . The company will host a conference call to discuss these results on April 28, 2017 at 11 a.m. EDT . Stockholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 9675592 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days. A telephone replay will be available until May 26, 2017 and can be accessed at 1-855-859-2056 using reservation code 9675592. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia . Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional...
The New CityOn.Zhengzhou Shopping Center Opened to Capacity Crowds Today in Henan Province
Download Photo Developers Taubman Asia and Wangfujing Group bring a modern, exceptional new shopping, dining and entertainment destination to Zhengzhou, China Zhengzhou, China, March 16, 2017 – The new CityOn.Zhengzhou Shopping Center in Zhengzhou, Henan Province, opened today after a ceremonial ribbon cutting featuring Taubman Centers, Inc. (NYSE: TCO) Chairman, President and Chief Executive Officer Robert Taubman, Wangfujing Group Co., Ltd. senior executives, special guests from the community and a large, enthusiastic crowd. Taubman Asia and Wangfujing jointly developed the shopping center to cater to the local community. Anchored by a four-level Wangfujing Department Store, the 94,000 square meter / approximately one million square foot center opened today 100 percent leased and 93 percent occupied. By the end of April 2017, it is expected to be 100 percent occupied with nearly 200 of today’s most in-demand retailers, restaurants and entertainment venues. “We are thrilled to...