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02/14/2019 Taubman to Sell 50 Percent of its Interests in its Three Asia Shopping Centers to Blackstone
Taubman Centers, Inc. (NYSE: TCO) has announced agreements to sell 50 percent of Taubman Asia’s interests in three Asia-based shopping centers to funds managed by The Blackstone Group L.P. (Blackstone). Blackstone will be making this investment through its Asia Core+ real estate investment unit. The investment unit targets substantially stabilized office, logistics, residential and retail assets in high quality Asian geographies and gateway cities. The interests are valued at $480 million. The transactions are subject to customary closing conditions and are expected to close throughout 2019. This press release features multimedia. View the full release here: Starfield Hanam shopping center (Hanam, Gyeonggi, South Korea) (Photo: Business Wire) Taubman will remain the partner responsible for the joint management of the three shopping centers and retain the following ownership interests: 17.15 percent in Starfield Hanam (Hanam,...
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02/13/2019 Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2018 Results and Introduces 2019 Guidance
2018 Net Income Up 4.8 Percent and Earnings Per Diluted Common Share (EPS) Up 4.4 Percent Comparable Center Net Operating Income (NOI), Including Lease Cancellation Income Up 4.4 Percent for the Year (Up 3.8 Percent Excluding Lease Cancellation Income) 2018 Funds from Operations (FFO) and Adjusted FFO Up 5.7 Percent and 3.5 Percent, respectively Industry-leading Sales Per Square Foot $824, Up 8.6 Percent for the Year Sales Per Square Foot Up 10.1 Percent for the Quarter, Tenth Consecutive Quarter of Positive Sales Growth Average Rent Per Square Foot Up 3.9 Percent for the Year Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the quarter and full year periods ended December 31, 2018.   December 31,   December 31,     2018 2017 December 31, December 31, Three Months Three Months 2018 2017     Ended   Ended   Year Ended   Year Ended Net income attributable to common shareowners, diluted (in thousands) $3,087 $20,291...
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01/22/2019 Taubman Schedules Fourth Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its fourth quarter 2018 earnings after the market closes on February 13, 2019. The company will host a conference call to discuss these results on February 14, 2019 at 10 a.m. EST. Shareholders 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 2589965 or by accessing the call online at An online replay will be available for approximately 90 days. A telephone replay will be available until February 28, 2019 and can be accessed at 1-855-859-2056 using reservation code 2589965. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 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....
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  • Investor Relations

    Ryan Hurren

    Vice President, Investor Relations, Interim Chief Accounting Officer

    T: (248) 258-7232


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    Manager, Investor Relations

    T: (248) 258-7390


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TCO 50.50
Change-0.35(-0.69%) Volume: 672,604 February 15, 2019