Edition:
United States

Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

64.98USD
29 Mar 2017
Change (% chg)

$0.43 (+0.67%)
Prev Close
$64.55
Open
$64.72
Day's High
$65.03
Day's Low
$64.31
Volume
106,877
Avg. Vol
101,866
52-wk High
$81.65
52-wk Low
$62.67

Latest Key Developments (Source: Significant Developments)

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

Taubman Centers, Inc names new CFO
Tuesday, 15 Sep 2015 09:00am EDT 

Taubman Centers, Inc:Says Lisa A. Payne to transition chief financial officer role to Simon J. Leopold effective January 1, 2016.Payne will retain her role as vice chairman of the Board until leaving the company in March 2016.  Full Article

Taubman Centers enters into a construction loan facility - Form 8-K
Thursday, 20 Aug 2015 02:47pm EDT 

Taubman Centers, Inc:On August 14, entity owning International Market Place, a 93.5 percent owned consolidated joint venture of Taubman Centers, Inc., entered into a construction loan facility.Building Loan Agreement provides for borrowings up to $330.9 million loan.Oan has a three-year term with two one-year extension options.Bears interest at LIBOR plus 1.75 percent.  Full Article

Taubman Centers Inc raises FY 2015 FFO outlook
Thursday, 30 Jul 2015 04:05pm EDT 

Taubman Centers Inc:Increases guidance for FY 2015 FFO per diluted common share to $3.28 to $3.36, up from the previous range of $3.20 to $3.28.Increases guidance for FY 2015 EPS to $1.65 to $1.78, up from $1.59 to $1.72.FY 2015 FFO of $3.26 and EPS of $1.89 - Thomson Reuters I/B/E/S.  Full Article

Taubman Centers, Inc declared a regular quarterly dividend
Friday, 29 May 2015 06:05am EDT 

Taubman Centers, Inc:Declared a regular quarterly dividend of $0.565 per share.Payable June 30, to shareholders of record on June 15.  Full Article

More From Around the Web

Real estate activist Litt launches proxy fight at Taubman

Activist hedge fund Land and Buildings Investment Management LLC said it nominated two directors for the board of Taubman Centers Inc, escalating its fight against the owner of U.S. and Asian shopping centers.