Corporate Profile

Taubman creates extraordinary retail environments for shoppers, merchants, communities and investors. Our portfolio of regional and super-regional malls, located in major markets across the U.S., is the most productive in the nation. We build shareholder value through the intense management of our existing properties and the highly selective development of new shopping destinations. The company extends its reach internationally through its Taubman Asia subsidiary.

Latest News

07/30/2014 Taubman Centers Issues Strong Second Quarter Results
- Adjusted Funds from Operations Per Share Up 14.7 percent - Net Operating Income (NOI) Excluding Lease Cancellation Income Up 4.5 percent - Sale of Seven Malls to Starwood Capital Group Announced Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the second quarter of 2014. June 30, 2014 Three Months Ended June 30, 2013 Three Months Ended June 30, 2014 Six Months Ended June 30, 2013 Six Months Ended Net income allocable to common shareholders (EPS) per diluted share $0.33 $0.28 $6.08 $0.71 Funds from Operations (FFO) per diluted share $0.80 $0.75 $1.70 $1.65 Growth rate 6.7% 3.0% Adjusted Funds from Operations (Adjusted FFO) per diluted share(1) $0.86 $0.75 $1.76 $1.65 Growth rate 14.7% 6.7% (1) Adjusted FFO for the three and six months ended June 30, 2014 excludes charges related to the expected sale of seven centers to Starwood Capital Group. "We're pleased to announce strong results for the quarter. FFO increased 6.7 percent, and 14.7 percent on an...
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06/18/2014 Taubman To Sell Seven Malls To Starwood Capital Group
Transactions Valued at $1.4 Billion Taubman Centers, Inc. (NYSE: TCO) and Starwood Capital Group ("Starwood"), a leading global private investment firm, today announced a definitive agreement whereby Starwood, through a controlled affiliate, has agreed to purchase a portfolio consisting of seven Taubman malls. The sale is part of Taubman's ongoing strategy to recycle capital, maximize its NOI growth rate and create net asset value for investors over time. "Given today's investor interest in high quality regional malls, we have taken advantage of the opportunity to further enhance our growth and valuation, while increasing our industry leading productivity and modestly reducing the size of our base," said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. "As a result of these sale transactions, the company's development and redevelopment pipeline will have an even greater impact on our growth." Taubman Centers currently owns, leases and/or manages...
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06/13/2014 Taubman Schedules Second Quarter Earnings Release And Conference Call
Taubman Centers, Inc. (NYSE:  TCO) will announce its second quarter 2014 earnings after the market closes on July 30, 2014 . The company will host a conference call to discuss these results on July 31, 2014 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 59687686 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 14, 2014 and can be accessed at 1-855-859-2056 using reservation code 59687686. 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...
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TCO: $ 75.65
Change-0.13(-0.17%) Volume: 427,275 July 30, 2014 Pricing delayed 20 minutes

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Contact

  • Investor Relations

    Barbara Baker

    Vice President, Corporate Affairs & Investor Relations

    bbaker@taubman.com

    T: (248) 258-7367

  •  

    Ryan Hurren

    Manager, Investor Relations

    rhurren@taubman.com

    T: (248) 258-7232

Contact

  • Media Contact

    Barbara Baker

    Vice President, Corporate Affairs & Investor Relations

    bbaker@taubman.com

    T: (248) 258-7367

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TCO 75.65
Change-0.13(-0.17%) Volume: 427,275 July 30, 2014