Key Developments: Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Taubman Centers Inc declares regular quarterly dividend
Thursday, 4 Sep 2014 08:30am EDT 

Taubman Centers Inc:Declares regular quarterly dividend of $0.54 per share of common stock.Common dividend is payable Sept. 30, to shareholders of record on Sept. 15.Declares quarterly dividends of $0.40625 on its 6.5 pct Series J Cumulative Preferred Shares and $0.390625 on its 6.25% Series K Cumulative Preferred Shares.Preferred dividends will be payable on Sept. 30, to shareholders of record on Sept. 15.  Full Article

Taubman Asia announces additional partner and ownership increase in Hanam Union Square, South Korea
Tuesday, 26 Aug 2014 08:01am EDT 

Taubman Centers Inc:Says Taubman Asia, a subsidiary, has increased its ownership interest in the Hanam Union Square shopping center project.Taubman Asia has partnered with an institution in Asia to acquire an additional 19 pct stake from Shinsegae Group.Partnership now has a 49 pct ownership interest.New institutional partner owns 14.7 pct of the project, bringing Taubman Asia's effective ownership to 34.3 pct, an increase from Taubman Asia's previous 30 pct share.  Full Article

Taubman Centers Inc reaffirms FY 2014 FFO guidance
Wednesday, 30 Jul 2014 04:07pm EDT 

Taubman Centers Inc:Expects its FY 2014 adjusted FFO to be in the range of $3.72 to $3.82 per diluted share, unchanged from the company's previous FFO guidance.Expects FY 2014 EPS to be in the range of $7.33 to $7.48.  Full Article

Taubman Centers Inc To sell seven malls to Starwood Capital Group
Wednesday, 18 Jun 2014 09:07am EDT 

Taubman Centers Inc and Starwood Capital Group:Definitive agreement whereby Starwood, through a controlled affiliate, has agreed to purchase portfolio consisting of seven Taubman malls.Sale is part of Taubman's ongoing strategy to recycle capital, maximize its NOI growth rate and create net asset value for investors over time.Company reported mall tenant sales per square foot of $721 in 2013 and upon completion of these transactions, expects its mall tenant sales to increase by more than $100 per square foot.  Full Article

Taubman Centers Inc declares common and preferred dividends
Thursday, 22 May 2014 04:00pm EDT 

Taubman Centers Inc:Declares regular quarterly dividend of $0.54 per share of common stock.Payable June 30, 2014, to shareholders of record on June 16, 2014.Also declares quarterly dividend of $0.40625 on its 6.5 pct Series J Cumulative Preferred Shares.Declares dividend of $0.390625 on its 6.25 pct Series K Cumulative Preferred Shares.Payable on June 30, 2014, to shareholders of record on June 16, 2014.  Full Article

Taubman Centers Inc reaffirms FY 2014 FFO guidance
Thursday, 24 Apr 2014 04:10pm EDT 

Taubman Centers Inc:Maintains its guidance for FY 2014 FFO per diluted share of $3.72 to $3.82.Expects FY 2014 EPS to be in the range of $7.12 to $7.27.FY 2014 FFO of $3.80 - Thomson Reuters I/B/E/S.  Full Article

Taubman Centers Inc increases quarterly common dividend 8 pct to $0.54 per share
Thursday, 6 Mar 2014 04:01pm EST 

Taubman Centers Inc:Declared a regular quarterly dividend of $0.54 per share of common stock, an increase of 8 percent.Payable March 31 to shareholders of record on March 17.  Full Article

Taubman Centers Inc issues FY 2014 FFO guidance in line with analysts' estimates
Wednesday, 12 Feb 2014 04:01pm EST 

Taubman Centers Inc:Expects FY 2014 FFO to be in the range of $3.72-$3.82.FY 2014 FFO of $3.82 - Thomson Reuters I/B/E/S.  Full Article

Taubman Centers Inc sells long island land and interest in Arizona Mills to Simon Property Group
Friday, 31 Jan 2014 08:30am EST 

Taubman Centers Inc:Says the completion of the sale of land owned by Taubman in Syosset, New York, and Taubman's interest in Arizona Mills to Simon Property Group.Says the consideration, excluding transaction costs, consisted of $60 mln of cash and 555,150 partnership units in Simon Property Group Limited Partnership.  Full Article

Taubman Centers Inc announce sale of interest in international plaza
Thursday, 30 Jan 2014 08:30am EST 

Taubman Centers Inc:Says the completion of the sale of a 49.9 pct interest in International Plaza to a joint venture that is 51 pct owned by TIAA-CREF and 49 pct owned by APG.Says the $499 mln purchase price for the 49.9 pct interest in the center consists of $337 mln of cash and about $162 mln of beneficial interest in debt.Says proceeds will be used to pay off Taubman's loan on Stony Point Fashion Park (Richmond, Va.) and for general corporate purposes.  Full Article

Former Morgan Stanley banker Paul Taubman to start own advisory boutique - FT

June 3 - The former co-head of Morgan Stanley's investment bank, Paul Taubman, who has been behind some of the biggest U.S. deals this year, is launching his own advisory boutique, the Financial Times reported.

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