Taubman Schedules Fourth Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its fourth quarter 2014 earnings after the market closes on February 12, 2015 . The company will host a conference call to discuss these results on February 13, 2015 at 11 a.m. EST . 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 49957104 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 February 27, 2015 and can be accessed at
1-855-859-2056 using reservation code 49957104. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 21 regional, super-regional and outlet shopping centers in the U.S. and Asia . Taubman's U.S.-owned properties are the most...
Taubman Centers Declares Regular Common and Preferred Dividends and Special Cash Dividend of $4.75 Per Share
The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.54 per share of common stock. The common dividend is payable December 31, 2014 , to shareholders of record on December 15, 2014 . The Board of Directors also declared a special cash dividend of $4.75 per common share payable on December 31, 2014, to shareholders of record on December 15, 2014. The decision to declare a special dividend was a result of the sale of seven malls to Starwood Capital Group in October 2014. The payment of the regular quarterly dividend of $0.54 per share and the special dividend of $4.75 per share will result in a total payment of $5.29 per share payable to applicable shareholders on December 31, 2014. Holders of common units of limited partnership interest in Taubman Realty Group Limited Partnership, the company's operating partnership, will receive the same total distribution. The Board of Directors also declared quarterly dividends of $0.40625...
Taubman Centers Issues Solid Third Quarter Results
- Adjusted FFO, Net Operating Income (NOI), Average Rent Per Square Foot, and Mall Tenant Sales Per Square Foot Up - The Mall at University Town Center Opens Over 90 percent Leased - Sale of Seven Malls to Starwood Capital Group Complete - Post-Sale Portfolio Releasing Spreads 30 percent Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the third quarter of 2014. September 30, 2014 Three Months Ended September 30, 2013 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2013 Nine Months Ended Net income allocable to common shareholders (EPS) per diluted share $0.53 $0.38 $6.60 $1.09 Funds from Operations (FFO) per diluted share $0.87 $0.89 $2.57 $2.53 Growth rate (2.2)% 1.6% Adjusted Funds from Operations (Adjusted FFO) per diluted share(1) $0.91 $0.89 $2.67 $2.53 Growth rate 2.2% 5.5% (1) Adjusted FFO for the three and nine months ended September 30, 2014 excludes charges related to the...