Taubman Centers, Inc. Issues Second Quarter Results
- Net Income and Earnings Per Share Up - Comparable Center Net Operating Income (NOI) Up 6.2 Percent - Funds from Operations and Adjusted Funds from Operations Per Share Up - Average Rent Per Square Foot Up 5.4 Percent - Trailing 12-Month Releasing Spreads 24.2 Percent Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the second quarter of 2016. June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Three Months Three Months Six Months Six Months Ended Ended Ended Ended Net income attributable to common shareowners (EPS) per diluted common share $0.57 $0.37 $0.98 $0.84 Growth rate 54.1% 16.7% ...
International Market Place Adds Herringbone and Baku to Incredible Restaurant Lineup
Both restaurants will serve guests on the center’s open-air Grand Lanai HONOLULU, Hawai’i, July 27, 2016 – The reimagined International Market Place, opening in Waikīkī on August 25, is adding two unique-to-market restaurants to its lineup for the open-air, third-level Grand Lanai. Hakkasan Group’s social dining concept Herringbone, and Japanese-inspired Baku will open their first Hawaii locations at the center. “Both of these brands are perfect complements to the already robust restaurant offerings that we have announced to-date,” said William S. Taubman, chief operating officer, Taubman. “With these point-of-difference brands, International Market Place will be the one-stop-shop for unique dining, world-class shopping and entertainment in the market.” HERRINGBONE Herringbone is a priority growth brand for Hakkasan Group’s social dining collection with current sites in La Jolla, Santa Monica and Las Vegas. Its arrival in Hawaii will bring ‘fish meats field’ coastal cuisine with an...
Taubman Schedules Second Quarter Earnings Release and Revises Time For Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2016 earnings after the market closes on July 28, 2016. The company will host a conference call to discuss these results on July 29, 2016 at 10 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 9675580 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 August 12, 2016 and can be accessed at 1-855-859-2056 using reservation code 9675580. 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....