07/25/2019
Taubman Centers, Inc. Issues Solid Second Quarter Results
Net Income and Earnings Per Diluted Common Share (EPS) Down Adjusted Funds from Operations (AFFO) Up 8 Percent Pro Rata Total Portfolio NOI, Excluding Lease Cancellation Income, Up 4.6 Percent for the Quarter, Up 5.1 Percent Year-to-Date Comparable Center NOI, Excluding Lease Cancellation Income and FX impact, Up 1.4 Percent for the Quarter and 2.2 Percent Year-to-Date Trailing 12-Month Tenant Sales Per Square Foot $848 , Up 10.8 Percent Sales Per Square Foot Up 8.8 Percent, 12 th Consecutive Quarter of Positive Growth Apparel Sales Up for 7 th Consecutive Quarter BLOOMFIELD HILLS, Mich. -(BUSINESS WIRE)- Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the second quarter of 2019. June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Three Months Three Months Six Months Six Months Ended Ended Ended Ended Net income attributable to common shareowners, diluted (in thousands) $6,266 $15,324 $21,384 $33,943 Growth rate (59.1)% (37.0)% Net income attributable to...
... More
07/01/2019
Taubman Schedules Second Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2019 earnings after the market closes on July 25, 2019. The company will host a conference call to discuss these results on July 26, 2019 at 11 a.m. EDT. Shareholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 8496047 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days. A telephone replay will be available until August 9, 2019 and can be accessed by dialing 1-855-859-2056 using reservation code 8496047. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 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....
... More
05/30/2019
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 June 28, 2019, to shareholders of record on June 14, 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 June 28, 2019, to shareholders of record on June 14, 2019. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 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...
... More