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Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

63.38USD
25 May 2017
Change (% chg)

$0.21 (+0.33%)
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Volume
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Latest Key Developments (Source: Significant Developments)

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

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

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BRIEF-Taubman comments on ISS and Glass Lewis reports

* Believe ISS, Glass Lewis "have erred" by not recommending shareholders vote for all of Taubman's director nominees