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Taubman Centers, Inc.

TCO.N

Latest Trade

33.28USD

Change

-1.38(-3.98%)

Volume

188,144

Today's Range

33.27

 - 

34.61

52 Week Range

26.24

 - 

53.39

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
34.66
Open
34.58
Volume
188,144
3M AVG Volume
13.64
Today's High
34.61
Today's Low
33.27
52 Week High
53.39
52 Week Low
26.24
Shares Out (MIL)
61.72
Market Cap (MIL)
2,139.06
Forward P/E
--
Dividend (Yield %)
--

Next Event

Q3 2020 Taubman Centers Inc Earnings Release

Latest Developments

More

Taubman Centers Reports Qtrly Loss Per Share $0.55

Taubman Says To "Vigorously Contest" Simon's Purported Termination Of Deal

Simon Property Group Terminates Taubman Agreement

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About Taubman Centers, Inc.

Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is majority-owned partnership subsidiary of the Company 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. Its owned portfolio of operating centers as of December 31, 2016 consisted of 23 urban and suburban shopping centers operating in 11 the United States states, Puerto Rico, South Korea, and China. 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).

Industry

Real Estate Operations

Contact Info

200 E Long Lake Rd Ste 300

BLOOMFIELD HILLS, MI

48304-2324

United States

+1.248.2586800

http://www.taubman.com

Executive Leadership

Robert S. Taubman

Chairman of the Board, President, Chief Executive Officer

Simon J. Leopold

Executive Vice President, Chief Financial Officer, Treasurer

Paul A. Wright

President, Taubman Asia

William Stuart Taubman

Chief Operating Officer

Myron E. Ullman

Lead Independent Director

Key Stats

3.10 mean rating - 10 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

0.6K

2018

0.6K

2019

0.7K

2020(E)

0.6K
EPS (USD)

2017

0.910

2018

0.950

2019

0.670

2020(E)

-0.340
Price To Earnings (TTM)
12.75
Price To Sales (TTM)
3.47
Price To Book (MRQ)
--
Price To Cash Flow (TTM)
22.94
Total Debt To Equity (MRQ)
--
LT Debt To Equity (MRQ)
--
Return on Investment (TTM)
-2.27
Return on Equity (TTM)
-2.12

Latest News

Latest News

Mall owner Simon adds intriguing new claim in Taubman MAE case

Covering M&A litigation in the COVID-19 era can be a little like shopping in a luxury mall – your attention is constantly being diverted by something new. One minute it’s Victoria’s Secret. The next it’s Tiffany and Louis Vuitton. Shiny objects abound.

Can mall owner Taubman get money damages from Simon in COVID-19 deal case?

The luxury shopping mall developer Taubman Centers included an intriguing warning in its response Wednesday afternoon to a lawsuit by its erstwhile merger partner Simon Properties. Simon, as you’ve doubtless heard, sued in Michigan state court to terminate its $3.6 billion...

New COVID-19 deal litigation: Simon sues Taubman to ditch $3.6 billion mall merger

Editor's note: this story has been updated to change million to billion in the first paragraph.

Mall operator Simon Property abandons $3.6 billion acquisition of Taubman

Simon Property Group Inc <SPG.N>, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6-billion deal to buy Taubman Centers Inc <TCO.N>, citing the beating the retail sector has taken during the COVID-19 pandemic.

Mall operator Simon Property terminates $3.6 bln deal to buy rival Taubman

Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it would terminate its $3.6 billion deal to buy Taubman Centers Inc due to the damage done by the coronavirus pandemic to its rival's business.

U.S. mall owner Simon Property to buy rival Taubman in $3.6 billion deal

Simon Property Group Inc <SPG.N>, the biggest U.S. mall operator, on Monday agreed to buy rival Taubman Centers Inc <TCO.N> in a deal valued at $3.6 billion.

Simon Property Group to buy Taubman Centers in $3.6 bln deal

U.S. shopping centers owner Taubman Centers Inc agreed to be bought by larger peer Simon Property Group Inc in a deal valued at $3.6 billion, the companies said on Monday. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

Land & Buildings may seek board seats at Taubman Centers in 2020

Activist investment firm Land & Buildings on Tuesday warned that it may seek board seats at shopping mall operator Taubman Centers Inc next year unless performance improves.

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

BRIEF-Taubman Centers CEO's 2017 Compensation Was $3 Million

* TAUBMAN CENTERS INC SAYS CEO ROBERT TAUBMAN'S 2017 TOTAL COMPENSATION WAS $3 MILLION VERSUS $4.9 MILLION IN 2016 - SEC FILING

BRIEF-Taubman Centers Reports Qtrly AFFO $1.04/Shr

* QTRLY COMPARABLE CENTER NOI, EXCLUDING LEASE CANCELLATION INCOME, UP 4.7 PERCENT

BRIEF-Land & Buildings Sends Letter To Taubman Centers Shareholders

* LAND & BUILDINGS SENDS LETTER TO TAUBMAN CENTERS SHAREHOLDERS

BRIEF-‍Land & Buildings Issues Open Letter To Board Of Taubman Centers​

* LAND & BUILDINGS ISSUES OPEN LETTER TO BOARD OF TAUBMAN CENTERS

BRIEF-Land & Buildings Submits Nomination Notice For Taubman Centers Board Of Directors

* LAND & BUILDINGS SUBMITS NOMINATION NOTICE FOR TAUBMAN CENTERS BOARD OF DIRECTORS

BRIEF-Taubman Centers Increases Quarterly Common Dividend 4.8 Pct To $0.655 Per Share

* TAUBMAN CENTERS INCREASES QUARTERLY COMMON DIVIDEND 4.8 PERCENT TO $0.655 PER SHARE Source text for Eikon: Further company coverage:

BRIEF-Land & Buildings Issues Open Letter To Independent Directors Of Taubman Centers

* LAND & BUILDINGS ISSUES OPEN LETTER TO INDEPENDENT DIRECTORS OF TAUBMAN CENTERS Source text for Eikon: Further company coverage:

BRIEF-Taubman Centers Qtrly FFO Per Diluted Common Share $1.02

* TAUBMAN CENTERS, INC. ISSUES FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND INTRODUCES 2018 GUIDANCE

BRIEF-Taubman Centers reports Q3 FFO per share $0.77​

* Taubman Centers Inc - company is updating its 2017 eps and ffo guidance

BRIEF-Taubman announces reopening date for The Mall of San Juan

* Says Mall of San Juan will reopen on October 19; center had been closed since Sept 19 due to impact of Hurricane Maria Source text for Eikon: Further company coverage:

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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