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...
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05/29/2019
Taubman Centers to Present at NAREIT’s REITWeek 2019
Taubman Centers, Inc. (NYSE: TCO) today announced that Robert Taubman, chairman, president and chief executive officer, will participate in a roundtable discussion with investors on Tuesday, June 4, 2019 at 11:45 a.m. EDT at REITWeek 2019, NAREIT’s Investor Forum in New York. The session will be available via webcast at www.taubman.com under “Investors/Investor Events and Presentations” and at https://reitstream.com/reitweek2019/taubman-centers. An online replay will follow shortly after the session and continue for approximately 30 days. 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....
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04/30/2019
Taubman Centers, Inc. Issues Solid First Quarter Results
Net Income Down 18.8 Percent, Primarily Due to Higher Depreciation Expense Comparable Center Net Operating Income (NOI), Excluding Lease Cancellation Income, Up 2.3 Percent Beneficial Interest in Total Portfolio NOI, Excluding Lease Cancellation Income Up 5.7 Percent Sales per Square Foot, Occupancy, Leased Space and Average Rents All Up in Comparable Centers Acquired 48.5 Percent Interest in The Gardens Mall, Palm Beach Gardens, Florida Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2019. March 31, 2019 March 31, 2018 Three Months Three Months Ended Ended Net income attributable to common shareowners, diluted (in thousands) $15,118 $18,618 Growth rate (18.8)% Net income attributable to common shareowners (EPS) per diluted common share $0.25 $0.30 Growth rate (16.7)% Funds from Operations (FFO) per diluted common share $0.93 $0.88...
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