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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 Reports Qtrly AFFO $1.04/Shr
Thursday, 26 Apr 2018 04:15pm EDT 

April 26 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES STRONG FIRST QUARTER RESULTS.QTRLY FFO PER SHARE $0.88.QTRLY AFFO EARNINGS PER SHARE $1.04.QTRLY COMPARABLE CENTER NOI, EXCLUDING LEASE CANCELLATION INCOME, UP 4.7 PERCENT.SEES FY 2018 ADJUSTED FFO PER SHARE $3.72 TO $3.86 EXCLUDING ITEMS.SEES FY 2018 FFO PER SHARE $3.56 TO $3.70 INCLUDING ITEMS.FY2018 FFO PER SHARE VIEW $3.78 -- THOMSON REUTERS I/B/E/S.Q1 FFO PER SHARE VIEW $0.93 -- THOMSON REUTERS I/B/E/S.  Full Article

Land & Buildings Submits Nomination Notice For Taubman Centers Board Of Directors
Friday, 2 Mar 2018 09:25am EST 

March 2 (Reuters) - Land & Buildings::LAND & BUILDINGS SUBMITS NOMINATION NOTICE FOR TAUBMAN CENTERS BOARD OF DIRECTORS.LAND & BUILDINGS - SUBMITS PROPOSAL FOR ADVISORY VOTE TO MAKE OFFER FOR TAUBMAN FAMILY'S SERIES B PREFERRED SHARES AT SPECIFIED VALUATION PREMIUM.LAND & BUILDINGS SAYS NOMINATED A DIRECTOR CANDIDATE FOR ELECTION TO TAUBMAN CENTERS BOARD OF DIRECTORS AT 2018 ANNUAL MEETING.LAND & BUILDINGS SAYS SUBMITTED NON-BINDING BUSINESS PROPOSAL ASKING TAUBMAN CENTERS BOARD TO ELIMINATE DUAL CLASS VOTING STOCK STRUCTURE.LAND & BUILDINGS SAYS "BELIEVE OFFER FOR TAUBMAN FAMILY'S SHARES OF SERIES B PREFERRED STOCK IS NECESSARY".LAND & BUILDINGS - UNDER PROPOSAL, TAUBMAN WOULD OFFER TO EXCHANGE 8 MILLION COMMON SHARES FOR ALL OUTSTANDING SERIES B CONVERTIBLE PREFERRED STOCK.LAND & BUILDINGS - TAUBMAN FAMILY'S OWNERSHIP OF ABOUT 30% VOTING POWER OF OUTSTANDING SHARES, SERIES B PREFERRED STOCK "DISENFRANCHISES" OTHER SHAREHOLDERS.  Full Article

Taubman Centers Increases Quarterly Common Dividend 4.8 Pct To $0.655 Per Share
Friday, 2 Mar 2018 08:55am EST 

March 2 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS INCREASES QUARTERLY COMMON DIVIDEND 4.8 PERCENT TO $0.655 PER SHARE.  Full Article

Taubman Centers Qtrly FFO Per Diluted Common Share $1.02
Thursday, 8 Feb 2018 04:15pm EST 

Feb 8 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND INTRODUCES 2018 GUIDANCE.QTRLY FFO PER DILUTED COMMON SHARE $1.02.NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS (EPS) FOR YEAR IS EXPECTED TO BE IN RANGE OF $1.15 TO $1.39 IN 2018.QTRLY ADJUSTED FFO PER DILUTED COMMON SHARE $1.03.EXPECTS FFO PER DILUTED COMMON SHARE TO BE IN RANGE OF $3.72 TO $3.86 IN 2018.2018 GUIDANCE ASSUMES COMPARABLE CENTER NOI GROWTH OF 2 TO 3 PERCENT FOR YEAR.FOR THE FOURTH QUARTER, COMPARABLE CENTER NOI WAS UP 0.1 PERCENT.Q4 FFO PER SHARE VIEW $1.01 -- THOMSON REUTERS I/B/E/S.  Full Article

Taubman Centers reports Q3 FFO per share $0.77​
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Taubman Centers Inc :Taubman Centers Inc issues third quarter results.Taubman Centers Inc - ‍company is updating its 2017 eps and ffo guidance​.Taubman Centers Inc - ‍2017 FFO is now expected to be in range of $3.49 to $3.59 per diluted common share​.Taubman Centers Inc - ‍company is reaffirming its previous 2017 adjusted FFO guidance​.Taubman Centers Inc - qtrly ‍funds from operations (ffo) per diluted common share $0.77​.FY2017 FFO per share view $3.72 -- Thomson Reuters I/B/E/S.Q3 FFO per share view $0.89 -- Thomson Reuters I/B/E/S.Taubman Centers Inc - qtrly ‍adjusted funds from operations (adjusted ffo) per diluted common share $0.83​.Taubman Centers Inc - ‍for quarter, comparable center noi was down 1.3 percent​.  Full Article

Taubman announces reopening date for The Mall of San Juan
Tuesday, 17 Oct 2017 02:14pm EDT 

Oct 17 (Reuters) - Taubman Centers Inc ::Says Mall of San Juan will reopen on October 19; center had been closed since Sept 19 due to impact of Hurricane Maria​.  Full Article

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

BRIEF-Taubman Centers Inc Urges Shareholders To Vote “For” Taubman Centers’ Director Nominees

* TAUBMAN CENTERS INC URGES SHAREHOLDERS TO VOTE “FOR” TAUBMAN CENTERS’ DIRECTOR NOMINEES AND “AGAINST” L&B CAPITAL’S PROPOSAL - SEC FILING