Profile: Taubman Centers Inc (TCO)

TCO on New York Consolidated

76.05USD
31 Oct 2014
Price Change (% chg)

$-1.28 (-1.66%)
Prev Close
$77.33
Open
$78.18
Day's High
$78.44
Day's Low
$75.83
Volume
800,397
Avg. Vol
342,468
52-wk High
$78.44
52-wk Low
$61.43

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Taubman Centers, Inc. (TCO), incorporated November 21, 1973, operates as a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a subsidiary of TCO that owns direct or indirect interests in all of its real estate properties. The Company owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. The Company owns 21 regional, super-regional and outlet shopping centers in the United States and Asia. The consolidated Businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia).

The Company’s centers are located in metropolitan areas, including Charlotte, Dallas, Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Phoenix, San Francisco, Tampa, and Washington, D.C. The centers range in size between 236,000 and 1.6 million square feet of gross leasable area (GLA) and between 186,000 and 646,000 square feet of Mall GLA. Of the 24 centers, 18 are super-regional shopping centers. The Company’s centers have approximately 3,000 stores operated by their mall tenants under approximately 850 trade names. The centers have 65 anchors, operating under 14 trade names. The centers lease over 95% of leased Mall GLA to national chains, including subsidiaries or divisions of Forever 21 (Forever 21, For Love 21, XXI Forever, and others), The Gap (Gap, Gap Kids, Baby Gap, Banana Republic, Old Navy, and others), and Limited Brands (Bath & Body Works/White Barn Candle, Pink, Victoria's Secret, and others).

Company Address

Taubman Centers Inc

SUITE 300, 200 E LONG LAKE RD,
P O Box 200
BLOOMFIELD HILLS   MI   48303-0200
P: +1248.2586800
F: +1248.2587596

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