Taubman Centers to Present at NAREIT’s REITWeek 2016
Taubman Centers, Inc. (NYSE: TCO) today announced that Robert S. Taubman, chairman, president and chief executive officer, and Simon Leopold , chief financial officer, will participate in a roundtable discussion with investors on Wednesday, June 8, 2016 at 4:15 p.m. EDT at REITWeek 2016, NAREIT’s Investor Forum in New York . The session will be available via webcast at www.taubman.com under “Investors/Investor Events and Presentations” and at https://reitstream.com/reitweek2016/taubman. An online replay will follow shortly after the session and continue for approximately 30 days. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 24 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 mall industry. Taubman is currently developing three properties in the U.S. and Asia totaling 3.1...
Dan Stolzenbach Named General Manager of Stamford Town Center
STAMFORD, Conn., May 25, 2016 – Retail industry veteran Dan Stolzenbach has been named general manager of Stamford Town Center , responsible for operations, retailer and community relations, as well as marketing for the shopping center. Stolzenbach succeeds long-time Taubman employee Meredith Keeler who was named general manager of Country Club Plaza , a marquee retail and office property in Kansas City recently acquired by Taubman and The Macerich Company. Stolzenbach brings nearly 20 years of experience to the position. Most recently, he served as director of operations for Bergdorf Goodman in New York City where he oversaw multiple departments and inventory control for the leading luxury retailer. Prior to this role, he held a variety of management positions with luxury specialty department store Neiman Marcus. “I’m excited to join the Stamford Town Center team and build upon the center’s solid foundation,” said Stolzenbach. “The retail industry is more dynamic than ever and we...
Taubman Centers, Inc. Issues Strong First Quarter Results
Comparable Center Net Operating Income (NOI), Excluding Lease Cancellation Income, Up 5.8 Percent Occupancy, Leased Space, and Average Rent Per Square Foot All Higher Releasing Spreads of 25.2 Percent CityOn.Xi’an About 95 Percent Leased and 80 Percent Occupied Acquisition of 50 Percent Interest in Country Club Plaza Completed 2016 FFO Guidance Increased Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2016. March 31, 2016 Three Months Ended March 31, 2015 Three Months Ended Net income attributable to common shareowners per diluted share (EPS) $0.41 $0.47 Funds from Operations (FFO) per diluted common share $0.84 $0.81 Growth rate 3.7% “Our strong results this quarter, driven by increased rents, were consistent with our expectations,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “During the quarter we also completed the...