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03/16/2017 The New CityOn.Zhengzhou Shopping Center Opened to Capacity Crowds Today in Henan Province
Download Photo Developers Taubman Asia and Wangfujing Group bring a modern, exceptional new shopping, dining and entertainment destination to Zhengzhou, China Zhengzhou, China, March 16, 2017 – The new CityOn.Zhengzhou Shopping Center in Zhengzhou, Henan Province, opened today after a ceremonial ribbon cutting featuring Taubman Centers, Inc. (NYSE: TCO) Chairman, President and Chief Executive Officer Robert Taubman, Wangfujing Group Co., Ltd. senior executives, special guests from the community and a large, enthusiastic crowd. Taubman Asia and Wangfujing jointly developed the shopping center to cater to the local community. Anchored by a four-level Wangfujing Department Store, the 94,000 square meter / approximately one million square foot center opened today 100 percent leased and 93 percent occupied. By the end of April 2017, it is expected to be 100 percent occupied with nearly 200 of today’s most in-demand retailers, restaurants and entertainment venues. “We are thrilled to...
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05/23/2017 Taubman Comments on ISS and Glass Lewis Reports
Taubman Urges Shareholders to Vote “FOR” Taubman Centers’ Director Nominees on the WHITE Proxy Card Taubman Centers, Inc. (NYSE: TCO) (the “Company”) today issued the following statement in response to reports issued by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. ( Glass Lewis ) regarding the election of directors to Taubman’s Board at the Company’s 2017 Annual Meeting of Shareholders to be held on June 1, 2017 : We believe that ISS and Glass Lewis have erred by not recommending that shareholders vote on the WHITE proxy card in support of ALL of Taubman’s highly-qualified director nominees – Robert (“Bobby”) S. Taubman, Cia Buckley Marakovits and Myron (“Mike”) E. Ullman III. Instead of assessing Land & Buildings’ slate on its merits, the proxy advisory firms instead regrettably based their recommendations on other factors, such as the Company’s decision to reject a hostile takeover attempt from 15 years ago – a decision that even ISS acknowledges was...
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05/22/2017 Four New Restaurants to Join Beverly Center’s Culinary Lineup as Part of its Complete Reimagination
More award-winning, exciting concepts will be announced this year Taubman Centers, Inc. (NYSE: TCO) today announced four new restaurants will join Beverly Center’s culinary lineup as part of the shopping and dining destination’s $500 million reimagination. The restaurants - Cal Mare, Eggslut, FARMHOUSE and Yardbird - will be located on Level 1 and all are anticipated to open by the end of 2018. More award-winning, exciting concepts will be announced this year. “We have always focused on food as a key component of Beverly Center’s renovation,” said Taubman’s Chief Operating Officer William Taubman . “In doing so, we have curated a collection of point-of-difference restaurants offering a variety of different cuisine and price points from which to choose. The experience will be unlike anything offered in the market today.” Full-Service Restaurants: Cal Mare by Chef Michael Mina A brand new 8,200 square foot concept from James Beard Award-winning, Michelin-starred Chef Michael Mina, Cal...
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04/27/2017 Taubman Centers, Inc. Issues Solid First Quarter Results
Mall Tenant Sales Per Square Foot Up 1.2 Percent in the Quarter Trailing 12-Month Releasing Spreads Of 16.3 Percent Average Rent Per Square Foot Up 1 Percent CityOn.Zhengzhou Opened 100 Percent Leased Country Club Plaza Office Tower Sold Quarterly Common Stock Dividend Increased 5 Percent to $0.625 Per Share Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2017.             March 31, 2017   March 31, 2016 Three Months Three Months     Ended   Ended Net income attributable to common shareowners, diluted (in thousands) $17,215 $24,679 Growth rate   (30.2)%     Net income attributable to common shareowners (EPS) per diluted share $0.28 $0.41 Growth rate   (31.7)%     Funds from Operations (FFO) per diluted common share $0.85 $0.84 Growth rate   1.2%     Adjusted Funds from Operations (Adjusted FFO) per di...
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TCO 61.02
Change+0.67(+1.11%) Volume: 436,414 May 23, 2017