Taubman Centers Declares Common and Preferred Dividends
The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.565 per share of common stock. The common dividend is payable June 30, 2015 , to shareholders of record on June 15, 2015 . The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends will be payable June 30, 2015, to shareholders of record on June 15, 2015. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 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. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than...
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...