12/05/2019
Taubman Centers Declares Common and Preferred Dividends
Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.675 per share of common stock. The common dividend is payable December 31, 2019, to shareholders of record on December 16, 2019. 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 December 31, 2019, to shareholders of record on December 16, 2019. 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....
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10/29/2019
Taubman Centers, Inc. Issues Third Quarter Results
Net Income and Earnings Per Diluted Common Share (EPS) Higher Due to Sale of Interest in Starfield Hanam Pro Rata Total Portfolio NOI, Excluding Lease Cancellation Income, Up 0.7 Percent for the Quarter and 3.6 Percent Year-to-Date Average Rent Per Square Foot Up 2.3 Percent Trailing 12-Month Tenant Sales Per Square Foot $868, Up 12 Percent Sales Per Square Foot Up 11.2 Percent, 13th Consecutive Quarter of Growth Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the third quarter of 2019. September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2019 Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Net income attributable to common shareowners, diluted (in thousands) $216,873 $21,007 $239,223 $54,950 Net income attributable to common shareowners (EPS) per diluted common share $3.48(1) $0.34 $3.84(1) $0.90 Funds from Operations (FFO) per diluted common share $0.88 $1.05 $2.59 $2.85 Growth rate (16.2)% (9.1)%...
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10/22/2019
Santa’s Flight Academy Returns to 12 Taubman Centers
Technology and holiday spirit come together to create an interactive holiday experience Santa’s Flight Academy, an immersive Santa experience for kids and kids at heart, is returning to 12 Taubman shopping centers this holiday season (locations and dates are listed below). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191022005335/en/ Santa’s Flight Academy (Photo: Business Wire) The 3,000 sq. ft. Santa’s Flight Academy experience is a personalized holiday adventure. Each visiting cadet receives a flight crew badge then, as an elite member of Santa’s flight crew, is fitted with a virtual flight suit. From there, the cadet partners with a helpful elf to inspect and power Santa’s 22 ft. tall sleigh using a series of interactive stations. The visit culminates with a snowfall dance party and, of course, time with Santa. “There’s nothing in the industry like Santa’s Flight Academy,” said William Taubman, the company’s chief...
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