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Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

48.65USD
23 May 2019
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Latest Key Developments (Source: Significant Developments)

Taubman Centers Reports Q4 Adjusted FFO $0.91
Wednesday, 13 Feb 2019 04:23pm EST 

Feb 13 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND INTRODUCES 2019 GUIDANCE.SEES FY 2019 FFO PER SHARE $3.62 TO $3.74.COMPANY IS INTRODUCING GUIDANCE FOR 2019.QTRLY FUNDS FROM OPERATIONS (FFO) PER DILUTED COMMON SHARE $0.86.QTRLY ADJUSTED FFO $0.91.QTRLY NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS (EPS) PER DILUTED $0.05.FOR Q4, COMPARABLE CENTER NOI WAS DOWN 2.6 PERCENT.FOR Q4, AVERAGE RENT PER SQUARE FOOT IN COMPARABLE CENTERS WAS $57.76, UP 3.3 PERCENT.COMPANY EXPECTS FFO PER DILUTED COMMON SHARE FOR THE YEAR TO BE IN THE RANGE OF $3.62 TO $3.74 FOR 2019.FY2019 FFO PER SHARE VIEW $3.68 -- REFINITIV IBES DATA.NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS (EPS) FOR 2019 IS EXPECTED TO BE IN RANGE OF $0.84 TO $1.08.  Full Article

Taubman announces two new independent directors
Thursday, 6 Dec 2018 04:15pm EST 

Dec 6 (Reuters) - Taubman Centers Inc ::TAUBMAN ANNOUNCES TWO NEW INDEPENDENT DIRECTORS, TWO DIRECTOR RETIREMENTS AND NEW COMMITTEE APPOINTMENTS.TAUBMAN CENTERS INC - APPOINTED JAN FIELDS AND NANCY KILLEFER TO BOARD, EFFECTIVE JANUARY 16, 2019.TAUBMAN CENTERS INC - BOARD REMAINS AT NINE DIRECTORS, EIGHT OF WHOM ARE INDEPENDENT, AND SEVEN OF WHOM HAVE JOINED BOARD SINCE APRIL 2016.  Full Article

Taubman Centers Qtrly FFO Per Share $1.05
Monday, 29 Oct 2018 04:15pm EDT 

Oct 29 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES STRONG THIRD QUARTER RESULTS.SEES Q4 ADJUSTED FFO PER SHARE $0.84 TO $0.92.2018 EARNINGS GUIDANCE INCREASED.QTRLY FFO PER SHARE $1.05.QTRLY ADJUSTED. FFO PER SHARE $1.01.COMPARABLE CENTER NOI, EXCLUDING LEASE CANCELLATION INCOME, UP 9.2 PERCENT FOR QUARTER.RAISING ITS EPS, NOI, FFO, AND ADJUSTED FFO GUIDANCE RANGES FOR 2018..SEES 2018 FFO PER SHARE $3.69 TO $3.77.COMPARABLE CENTER NOI GROWTH IS NOW EXPECTED TO BE 3.5 TO 4.5 PERCENT FOR 2018.SEES 2018 ADJUSTED. FFO PER SHARE OF $3.76 TO $3.84.Q3 EARNINGS PER SHARE VIEW $0.21, REVENUE VIEW $159.0 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.14, REVENUE VIEW $651.3 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Taubman Centers Reports Qtrly FFO Per Share Of $0.92
Monday, 30 Jul 2018 04:15pm EDT 

July 30 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES SOLID SECOND QUARTER RESULTS.2018 NOI GUIDANCE INCREASED.2018 EPS, FUNDS FROM OPERATIONS (FFO) AND ADJUSTED FFO GUIDANCE REVISED.SEES FY 2018 EARNINGS PER SHARE $1.11 TO $1.26.QTRLY FFO PER SHARE $0.92.QTRLY ADJUSTED FFO $0.87 PER SHARE .TAUBMAN CENTERS - COMPARABLE CENTER NET OPERATING INCOME, EXCLUDING LEASE CANCELLATION INCOME, UP 3.5 PERCENT FOR QUARTER, UP 4.1 PERCENT YEAR-TO-DATE.SEES 2018 FFO TO BE IN RANGE OF $3.63 TO $3.73 PER DILUTED COMMON SHARE.SEES 2018 COMPARABLE CENTER NOI GROWTH TO BE 3 TO 4 PERCENT FOR YEAR.SEES FY2018 ADJUSTED FFO IN RANGE OF $3.74 TO $3.84 PER DILUTED COMMON SHARE.SEES FY2018 SHARE OF CONSOLIDATED & UNCONSOLIDATED INTEREST EXPENSE TO BE $189 TO $192 MILLION.  Full Article

Taubman Centers Inc Qtrly FFO Per Share $0.92
Monday, 30 Jul 2018 04:15pm EDT 

July 30 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS, INC. ISSUES SOLID SECOND QUARTER RESULTS.2018 NOI GUIDANCE INCREASED.2018 EPS, FUNDS FROM OPERATIONS (FFO) AND ADJUSTED FFO GUIDANCE REVISED.SEES FY 2018 EARNINGS PER SHARE $1.11 TO $1.26.QTRLY ADJUSTED FFO $0.87.QTRLY FFO PER SHARE $0.92.TAUBMAN CENTERS - COMPARABLE CENTER NET OPERATING INCOME, EXCLUDING LEASE CANCELLATION INCOME, UP 3.5 PERCENT FOR QUARTER, UP 4.1 PERCENT YEAR-TO-DATE.SEES 2018 FFO TO BE IN RANGE OF $3.63 TO $3.73 PER DILUTED COMMON SHARE.SEES 2018 COMPARABLE CENTER NOI GROWTH TO BE 3 TO 4 PERCENT FOR YEAR.SEES FY2018 ADJUSTED FFO IN RANGE OF $3.74 TO $3.84 PER DILUTED COMMON SHARE.SEES FY2018 SHARE OF CONSOLIDATED & UNCONSOLIDATED INTEREST EXPENSE TO BE $189 TO $192 MILLION.  Full Article

Taubman Centers CEO's 2017 Compensation Was $3 Million
Friday, 27 Apr 2018 06:45pm EDT 

April 27 (Reuters) - Taubman Centers Inc ::TAUBMAN CENTERS INC SAYS CEO ROBERT TAUBMAN'S 2017 TOTAL COMPENSATION WAS $3 MILLION VERSUS $4.9 MILLION IN 2016 - SEC FILING.TAUBMAN CENTERS INC SAYS ROBERT AND WILLIAM TAUBMAN FORFEITED A SIGNIFICANT PORTION OF THEIR BASE SALARY IN 2017.TAUBMAN CENTERS INC SAYS 2017 STOCK AWARDS FOR ROBERT TAUBMAN AND WILLIAM TAUBMAN WERE FORFEITED AND CANCELLED IN DECEMBER 2017.  Full Article

Land & Buildings Sends Letter To Taubman Centers Shareholders
Thursday, 26 Apr 2018 09:00am EDT 

April 26 (Reuters) - Taubman Centers Inc ::LAND & BUILDINGS SENDS LETTER TO TAUBMAN CENTERS SHAREHOLDERS.LAND & BUILDINGS - URGE TAUBMAN CENTERS SHAREHOLDERS VOTE IN FAVOR OF PROPOSAL TO ELIMINATE DUAL-CLASS VOTING SHARE STRUCTURE.LAND & BUILDINGS SAYS SENT LETTER TO TAUBMAN CENTERS SHAREHOLDERS REGARDING ITS NOMINATION OF JONATHAN LITT FOR ELECTION TO TAUBMAN BOARD.LAND & BUILDINGS SAYS IF JONATHAN LITT IS ELECTED TO TAUBMAN CENTERS BOARD, HE WOULD INTRODUCE A MOTION TO SPLIT CHAIRMAN AND CEO ROLES.  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