Taubman Helps Cancer Patients Feel ‘Wrapped in Love’
Donations and special notes from employees to provide warmth, support and inspiration to women receiving treatment at Karmanos Cancer Institute BLOOMFIELD HILLS, Mich., May 7, 2015 – Taubman Centers, Inc. (NYSE: TCO) today donated care packages consisting of Wrapped in LoveTM fashion wraps and headscarves to women receiving cancer treatments at the Barbara Ann Karmanos Cancer Institute. The gifts, available to patients scheduled for appointments May 7-8, also include personal notes of inspiration, kindness and support from Taubman employees. “As Mother’s Day approaches, we are taking a moment to reach out to and recognize moms, and all women who show such strength and courage through treatment,” said Maria Mainville, Taubman’s director of Strategic Communications. “So many of our employees have been touched in one way or another by cancer, so we found a special way to spread our love and support.” Karmanos cares for more than 12,000 new patients annually and provides access to...
Taubman Centers Issues Strong First Quarter Results
Comparable Center Net Operating Income (NOI), Average Rent Per Square Foot, and Mall Tenant Sales Per Square Foot Up Releasing Spreads 31.8 Percent The Mall of San Juan Opens to Thousands Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2015. March 31, 2015 March 31, 2014 Three Months Three Months Ended Ended Net income attributable to common shareholders per diluted share (EPS) $0 .47 $5 .74 (1) Funds from Operations (FFO) per diluted share $0 .81 (2) $0 .90 (1) Includes a net gain of $476 million ($5.30 per share) on the sale of a 49.9 percent interest in the entity that owns International Plaza (Tampa, Fla.), as well as investments in Arizona Mills (Tempe, Ariz.) and land in Syosset, New York (Oyster Bay). (2) Excludes the operations of the seven centers sold...
Michigander A. Alfred Taubman Passes Away at Age 91
Taubman Centers, Inc. (NYSE:TCO) Taubman Centers, Inc. founder A. Alfred Taubman joined his sons Robert and William on March 26, 2015, at the grand opening of The Mall of San Juan. Robert S. Taubman , Chairman, President and CEO, Taubman Centers, Inc.; A. Alfred Taubman , founder, Taubman Centers, Inc.; William S. Taubman , Chief Operating Officer, Taubman Centers, Inc. (Photo: Business Wire) Taubman Centers Chairman, President and Chief Executive Officer Robert S. Taubman this evening sent the following message to all Taubman employees: I have some very sad news to share with all of you, my father passed away this evening here in Bloomfield Hills. This company and all that you stand for were among the greatest joys of his life. Just last month he was in Puerto Rico to celebrate with us the grand opening of The Mall of San Juan. He was so proud of what this wonderful company he founded 65 years ago has accomplished. Tonight, after dinner in his home, a heart attack took him from us,...