Taubman Centers, Inc. Issues Solid Second Quarter Results and Raises Guidance
Comparable Center Net Operating Income (NOI) and Mall Tenant Sales Per Square Foot Up Average Rent Per Square Foot, Comparable Center Ending Occupancy, and Leased Space all Increased Releasing Spreads 29.2 Percent Hanam Union Square Construction Financing Complete 2015 FFO Guidance Raised 8 cents Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the second quarter of 2015. June 30, 2015 Three Months Ended June 30, 2014 Three Months Ended June 30, 2015 Six Months Ended June 30, 2014 Six Months Ended Net income attributable to common shareholders (EPS) per diluted common share $0.37(1) $0.33 $0.84(1) $6.08(2) Funds from Operations (FFO) per diluted common share $0.76(1) $0.80 $1.57(1) $1.70 Growth rate (5.0)%...
Taubman Schedules Second Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2015 earnings after the market closes on July 30, 2015 . The company will host a conference call to discuss these results on July 31, 2015 at 11 a.m. EDT . Stockholders 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 69251883 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 14, 2015 and can be accessed at 1-855-859-2056 using reservation code 69251883. 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....
José A. Ayala Bonilla Named General Manager of The Mall of San Juan
Puerto Rico native to lead the island’s premiere shopping destination SAN JUAN, Puerto Rico, June 16, 2015 – Hospitality industry veteran José A. Ayala Bonilla has been named general manager of The Mall of San Juan. Ayala Bonilla will lead operations, retailer and community relations and marketing when he takes the helm on Monday, June 22. Ayala Bonilla is joining the center after 19 years with Starwood Hotels & Resorts where he worked in senior level operations and finance positions in Puerto Rico, Florida, Texas, Georgia and Alabama. He most recently served as director of operations for the Sheraton Birmingham Hotel. Prior to that, Ayala Bonilla started his hospitality career in Puerto Rico at the former Westin Rio Mar Beach Resort and he is looking forward to returning to the island for this next chapter. “It is an honor to join the talented team at The Mall of San Juan,” said Ayala Bonilla. “My new role is made even more exciting by the fact that I am returning to my native...