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Taubman Centers, Inc.

TCO.N

Latest Trade

37.44USD

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Today's Range

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52 Week Range

26.24

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53.39

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

Latest Developments

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

June 10 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS CONFIRMS RECEIPT OF NOTICE FROM SIMON PROPERTY GROUP PURPORTING TO TERMINATE MERGER AGREEMENT.TAUBMAN CENTERS INC - BELIEVES THAT SIMON'S PURPORTED TERMINATION OF MERGER AGREEMENT IS INVALID AND WITHOUT MERIT.TAUBMAN CENTERS INC - INTENDS TO PURSUE ITS REMEDIES TO ENFORCE ITS CONTRACTUAL RIGHTS UNDER MERGER AGREEMENT.TAUBMAN CENTERS INC - TO "VIGOROUSLY CONTEST" SIMON'S PURPORTED TERMINATION AND LEGAL CLAIMS.TAUBMAN CENTERS INC - INTENDS TO PURSUE REMEDIES UNDER AGREEMENT, INCLUDING RIGHT TO MONETARY DAMAGES.TAUBMAN CENTERS INC - SPECIAL MEETING OF SHAREHOLDERS REMAINS SCHEDULED FOR JUNE 25, 2020.

Simon Property Group Terminates Taubman Agreement

June 10 (Reuters) - Simon Property Group Inc <SPG.N>::SIMON PROPERTY GROUP TERMINATES TAUBMAN AGREEMENT.SIMON PROPERTY GROUP INC - FILED ACTION IN CIRCUIT COURT FOR JUDICIAL CIRCUIT OF OAKLAND COUNTY, MICHIGAN AGAINST TAUBMAN CENTERS.SIMON PROPERTIES - TERMINATION OF MERGER AGREEMENT IS BASED ON TWO SEPARATE AND INDEPENDENT GROUNDS.SIMON PROPERTY- COVID-19 PANDEMIC HAS HAD UNIQUELY MATERIAL, DISPROPORTIONATE EFFECT ON TAUBMAN VERSUS OTHER PARTICIPANTS IN RETAIL REAL ESTATE INDUSTRY.SIMON PROPERTY- IN WAKE OF PANDEMIC, TAUBMAN BREACHED OBLIGATIONS, WHICH ARE CONDITIONS TO CLOSING, RELATING TO OPERATION OF BUSINESS.SIMON PROPERTY- TAUBMAN "FAILED TO TAKE STEPS TO MITIGATE IMPACT OF PANDEMIC AS OTHERS IN INDUSTRY HAVE".

Taubman Centers Says Board Is Not Declaring Q2 Dividend On Its Common Stock

June 5 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS - BOARD IS NOT DECLARING A Q2 DIVIDEND ON ITS COMMON STOCK.

Taubman Centers Reports Q1 Adjusted FFO Per Share $0.88

May 5 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS, INC. ISSUES FIRST QUARTER RESULTS.Q1 ADJUSTED FFO PER SHARE $0.88.QTRLY FFO PER SHARE $0.79.QTRLY EARNINGS PER SHARE $0.32.COMPANY HAS DECIDED TO DEFER BETWEEN $100 AND $110 MILLION OF PLANNED CAPITAL EXPENDITURES, AT BENEFICIAL INTEREST.DUE TO THE PENDING TRANSACTION WITH SIMON PROPERTY GROUP, WILL NOT HOST A CONFERENCE CALL TO REVIEW Q1 2020 FINANCIAL RESULTS.Q1 FFO PER SHARE VIEW $0.88 -- REFINITIV IBES DATA.

Taubman Centers Reports Q4 Loss Per Share Of $0.54

Feb 10 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS, INC. ISSUES FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 LOSS PER SHARE $0.54.Q4 EARNINGS PER SHARE ESTIMATE $0.28 -- REFINITIV IBES DATA.QUARTERLY ADJUSTED FFO PER SHARE $0.97.QTRLY FFO PER SHARE $0.91.QTRLY CONSOLIDATED BUSINESS TOTAL REVENUES $176.7 MILLION VERSUS $167.5 MILLION.EXPECTS TO COMPLETE SALE OF TAUBMAN ASIA'S 50 PERCENT INTEREST IN CITYON.XI'AN TO BLACKSTONE IN Q1 2020.Q3 REVENUE VIEW $164.6 MILLION -- REFINITIV IBES DATA.

Taubman Centers Posts Qtrly EPS Of $3.48

Oct 29 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS, INC. ISSUES THIRD QUARTER RESULTS.QTRLY EARNINGS PER SHARE $3.48.QTRLY FFO PER DILUTED COMMON SHARE $0.88.QTRLY ADJUSTED FFO PER DILUTED COMMON SHARE $0.86.TAUBMAN CENTERS - COMPARABLE CENTER NOI, EXCLUDING LEASE CANCELLATION INCOME & USING CONSTANT CURRENCY EXCHANGE RATES, DOWN 0.9% IN QUARTER.WHILE TESLA CONTINUES TO POSITIVELY IMPACT OUR GROWTH, SALES FOR QUARTER WERE OTHERWISE SOLID.2019 EPS IS NOW EXPECTED TO BE IN RANGE OF $4.00 TO $4.15 PER DILUTED SHARE.2019 FFO IS NOW EXPECTED TO BE IN RANGE OF $3.49 TO $3.59 PER DILUTED COMMON SHARE.2019 ADJUSTED FFO GUIDANCE REMAINS UNCHANGED.2019 COMPARABLE CENTER NOI GROWTH IS NOW EXPECTED TO BE FLAT TO 1 PERCENT FOR YEAR.DURING QUARTER, RECOGNIZED GAIN ON DISPOSITION OF $139 MILLION & GAIN ON REMEASUREMENT OF $145 MILLION.Q3 FFO PER SHARE VIEW $0.88 -- REFINITIV IBES DATA.FY2019 FFO PER SHARE VIEW $3.72 -- REFINITIV IBES DATA.

Taubman Centers, Inc. QTRLY Adjusted FFO $0.94

July 25 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS, INC. ISSUES SOLID SECOND QUARTER RESULTS.QTRLY ADJUSTED FFO $0.94.QTRLY FFO $0.78.QTRLY EARNINGS PER SHARE $0.10.SEES 2019 EPS IN RANGE OF $0.60 TO $0.80.SEES 2019 ADJUSTED FFO IN RANGE OF $3.64 TO $3.74 PER SHARE.SEES 2019 FFO IN RANGE OF $3.47 TO $3.57 PER SHARE.ALL OTHER GUIDANCE MEASURES REMAIN UNCHANGED.TAUBMAN CENTERS - FOR QUARTER, COMPARABLE CENTER NOI GROWTH, EXCLUDING LEASE CANCELLATION INCOME, WAS 1.4 % & 2.2 % YTD USING CONSTANT CURRENCY EXCHANGE RATES.Q2 FFO PER SHARE VIEW $0.83 -- REFINITIV IBES DATA.FY2019 FFO PER SHARE VIEW $3.69 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE VIEW $0.13 -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $0.88 -- REFINITIV IBES DATA.

Agree Realty Reports Q2 Core FFO Per Share Of $0.75

July 22 (Reuters) - Agree Realty Corp <ADC.N>::ORATION REPORTS SECOND QUARTER 2019 RESULTS.Q2 CORE FFO PER SHARE $0.75.QUARTERLY AFFO PER SHARE $0.74.INCREASING FULL-YEAR ACQUISITION GUIDANCE TO A RANGE OF $625 MILLION TO $675 MILLION.

Taubman Centers, Inc. Issues First Quarter Results

April 30 (Reuters) - Taubman Centers Inc <TCO.N>::TAUBMAN CENTERS, INC. ISSUES SOLID FIRST QUARTER RESULTS.TAUBMAN CENTERS INC QTRLY NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS (EPS) PER DILUTED COMMON SHARE $0.25.TAUBMAN CENTERS INC QTRLY FUNDS FROM OPERATIONS (FFO) PER DILUTED COMMON SHARE $0.93.TAUBMAN CENTERS INC QTRLY ADJUSTED FFO PER DILUTED COMMON SHARE $0.95.TAUBMAN CENTERS INC - 2019 EPS IS NOW EXPECTED TO BE IN RANGE OF $0.68 TO $0.92 PER DILUTED SHARE.TAUBMAN CENTERS INC - 2019 FFO IS NOW EXPECTED TO BE IN RANGE OF $3.60 TO $3.72 PER DILUTED COMMON SHARE.TAUBMAN CENTERS INC - 2019 ADJUSTED FFO, WHICH EXCLUDES $0.02 PER DILUTED COMMON SHARE OF Q1 ADJUSTMENTS, REMAINS UNCHANGED.TAUBMAN CENTERS INC - CONTINUE TO EXPECT COMPARABLE CENTER NOI GROWTH OF ABOUT 2 PERCENT FOR YEAR.

Taubman Centers Increases Qtrly Common Dividend 3.1 Pct To $0.675/Share

March 4 (Reuters) - Taubman Centers Inc <TCO.N>::INCREASES QUARTERLY COMMON DIVIDEND 3.1 PERCENT TO $0.675 PER SHARE.

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

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