05/05/2020
Taubman Centers, Inc. Issues First Quarter Results
- Net Income and Earnings Per Diluted Common Share (EPS) Higher Due to Sale of Interest in CityOn.Xi’an - Adjusted Funds from Operations (AFFO) of $0.88 per Diluted Common Share - Pro Rata Comparable Center NOI, Excluding Lease Cancellation Income at Constant Currency Exchange Rates, Down 1.5 Percent - Trailing 12-Month U.S. Comp Center Sales Per Square Foot $955, Up 2 Percent - Completed Financings of Starfield Anseong and CityOn.Zhengzhou Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2020. March 31, 2020 Three Months Ended March 31, 2019 Three Months Ended Net income attributable to common shareowners, diluted (in thousands) $19,896 $15,118 Growth rate 31.6% Net income attributable to common shareowners (EPS) per diluted common share $0.32 (1) $0.25 Growth rate 28.0% Funds from Operations (FFO) per diluted common share $0.79 $0.93 Growth rate (15.1)% Adjusted FFO per diluted common share $0.88 (2) $0.95 (3) Growth...
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05/04/2020
Taubman Schedules First Quarter Earnings Release
Taubman Centers, Inc. (NYSE: TCO) will announce its first quarter 2020 earnings after the market closes on May 5, 2020. The company will not host a conference call this quarter. 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. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com. For ease of use, references in this press release to “Taubman Centers”, “we”, “us”, “our”, “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating...
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03/19/2020
Taubman Centers, Inc. to Temporarily Close Shopping Centers in Response to COVID-19
Closures will be effective from the end of business on March 19 through March 29 or later if required by state or local government Taubman Centers, Inc. (NYSE: TCO) today announced the temporary closures of all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will be effective at the close of business on March 19 and will continue through March 29, or later if required by state or local government. “After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” said the company’s Chairman, President and CEO Robert S. Taubman. “We are clearly in unprecedented times and this is right decision for our shoppers, retailers, employees and these communities.” Following is the list of malls that will temporarily close: California Beverly Center (Los Angeles)
Sunvalley Shopping Center (Concord)
The Gardens on El Paseo (Palm Desert) Colorado Cherry Creek Shopping Center...
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