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Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Taubman Centers qtrly FFO per share $0.86
Thursday, 27 Jul 2017 04:15pm EDT 

July 27 (Reuters) - Taubman Centers Inc :Taubman Centers, Inc. issues second quarter results.Taubman Centers Inc - ‍2017 guidance revised​.Taubman Centers Inc qtrly AFFO earnings per share $0.92‍​.Taubman Centers Inc - qtrly comparable center net operating income (NOI), including lease cancellation income, up 6.5 percent.Taubman Centers Inc qtrly FFO per share $0.86.Q2 FFO per share view $0.83 -- Thomson Reuters I/B/E/S.Taubman Centers Inc - 2017 EPS is now expected to be in the range of $1.03 to $1.23 per diluted common share‍​.2017 FFO now expected to be in range of $3.53 to $3.63 per diluted common share.Taubman Centers Inc sees 2017 AFFO earnings per share $3.67 to $3.77‍​.FY2017 earnings per share view $1.23 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $3.72 -- Thomson Reuters I/B/E/S.Taubman Centers Inc - 2017 FFO now expected to be in range of $3.53 to $3.63 per diluted common share.Taubman Centers Inc - ‍"challenges within retail environment increased throughout quarter​".Taubman Centers Inc - "‍where appropriate, we are making decision to preserve occupancy and some income as we retenant space​".  Full Article

Land and Buildings files complaint against Taubman Centers Inc
Wednesday, 17 May 2017 09:45am EDT 

May 17 (Reuters) - Land & Buildings Investment Management LLC::Land and buildings files complaint against taubman centers inc.Land & buildings - believes Taubman family’s ownership of series B preferred shares has violated Co’S charter which limits ownership & voting to 8.23%.  Full Article

Taubman Centers reports Q1 FFO per share $0.85
Thursday, 27 Apr 2017 04:15pm EDT 

April 27 (Reuters) - Taubman Centers Inc -:Taubman Centers Inc issues solid first quarter results.Says quarterly common stock dividend increased 5 percent to $0.625 per share.Qtrly net income attributable to common shareowners (eps) per diluted $0.28.Qtrly funds from operations (ffo) per diluted common share $0.85.Qtrly adjusted funds from operations (adjusted ffo) per diluted common $0.92.Says for quarter, comparable center net operating income (noi), excluding lease cancellation revenue, was up 2.8 percent.Sees 2017 eps is now expected to be in range of $1.16 to $1.41 per diluted common share.Sees 2017 adjusted ffo is expected to be in range of $3.67 to $3.82 per diluted common share.Sees 2017 ffo is now expected to be in range of $3.60 to $3.75 per diluted common share.Says guidance assumes comparable center noi growth, including lease cancellation income, of about 3 ½ percent for year.Q1 FFO per share view $0.88 -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $3.75 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.23, revenue view $145.5 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.15, revenue view $619.0 million -- Thomson Reuters I/B/E/S.  Full Article

Taubman Centers increases quarterly common dividend 5 percent to $0.625 per share
Thursday, 2 Mar 2017 09:05am EST 

Taubman Centers Inc :Taubman Centers increases quarterly common dividend 5 percent to $0.625 per share.  Full Article

Taubman Centers Q4 EPS $0.48
Thursday, 9 Feb 2017 04:15pm EST 

Taubman Centers Inc : Net income attributable to common shareholders for 2017 expected to be $1.20 per share to $1.45 per share . Taubman centers, inc. Issues fourth quarter and full year 2016 results and introduces 2017 guidance . For Q4, comparable center NOI, excluding lease cancellation income, was down 0.1 percent . Sees FY 2017 FFO per share $3.67 to $3.82 . Qtrly adjusted FFO per share $1.01 . Qtrly earnings per share $0.48 . Qtrly FFO per share $1.10 . $1.1 billion revolving line of credit facility extended, new $300 million term loan added . Q4 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Q4 FFO per share view $1.02 -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $1.29 -- Thomson Reuters I/B/E/S .FY2017 FFO per share view $3.90 -- Thomson Reuters I/B/E/S.  Full Article

Taubman Centers announces the amendment and restatement of unsecured term loan
Tuesday, 7 Feb 2017 08:48am EST 

Taubman Centers Inc : Taubman centers announces the amendment and restatement of $1.1 billion line of credit including additional $300 million unsecured term loan . Taubman centers inc- $1.1 billion revolving line of credit has been extended to february 2021, with two six-month extension options .Proceeds from $300 million term loan were used to repay existing balances on company's lines of credit.  Full Article

Taubman Centers qtrly adjusted FFO per share $0.79
Thursday, 28 Jul 2016 04:15pm EDT 

Taubman Centers Inc : Qtrly earnings per share average rent per square foot for quarter was $62.61, up 5.4 percent from $59.41 in comparable period last year . Qtrly earnings per share leased space in comparable centers was 96.2 percent on June 30, 2016, down 0.8 percent from june 30, 2015 . Qtrly earnings per share 2016 ffo is now expected to be in range of $3.75 to $3.90 per diluted common share . Taubman centers inc says 2016 adjusted ffo is now expected to be in range of $3.50 to $3.65 per diluted common share . Q2 FFO per share view $0.98 -- Thomson Reuters I/B/E/S . Q3 FFO per share view $0.91 -- Thomson Reuters I/B/E/S . Taubman Centers, Inc. Issues second quarter results . Qtrly adjusted FFO per share $0.79 . Qtrly earnings per share ending occupancy in comparable centers was 93.8 percent on June 30, 2016, up 0.8 percent from June 30, 2015 . Qtrly earnings per share 2016 eps is now expected to be in range of $1.73 to $1.93 per diluted common share .Fy2016 FFO per share view $3.80 -- Thomson Reuters I/B/E/S.  Full Article

Taubman Centers, Inc Increases FY 2016 FFO guidance
Monday, 2 May 2016 04:15pm EDT 

Taubman Centers, Inc:Increasing its guidance range for FY 2016 FFO per diluted common share to $3.75 to $3.95, up from the previous range of $3.45 to $3.65.After adjusting for the one-time $21 million payment, the company's guidance range for FY 2016 Adjusted FFO per diluted share is $3.50 to $3.70.Increasing its guidance range for FY 2016 EPS to $1.85 to $2.10, up from a range of $1.55 to $1.80.  Full Article

Taubman Centers, Inc raises FY 2015 FFO guidance
Monday, 26 Oct 2015 04:15pm EDT 

Taubman Centers, Inc:Increases its guidance for FY 2015 FFO per diluted common share to $3.38 to $3.46, up from the previous range of $3.28 to $3.36.Says FY 2015 Adjusted FFO per diluted share is $3.36 to $3.44.Increases its guidance for FY 2015 EPS to $1.76 to $1.89, up from $1.65 to $1.78.FY 2015 FFO of $3.34 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Land and buildings issues open letter to independent directors of Taubman Centers ‍​

* Land and Buildings issues open letter to the independent directors of Taubman Centers ‍​