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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 announces two new independent directors
Friday, 7 Dec 2018 

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
Tuesday, 30 Oct 2018 

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
Tuesday, 31 Jul 2018 

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
Tuesday, 31 Jul 2018 

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
Saturday, 28 Apr 2018 

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 

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​
Thursday, 2 Nov 2017 

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 

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 comments on ISS and Glass Lewis reports
Tuesday, 23 May 2017 

May 23 (Reuters) - Taubman Centers Inc ::Taubman comments on ISS and Glass Lewis reports.Believe ISS, Glass Lewis "have erred" by not recommending shareholders vote for all of Taubman's director nominees.Says Taubman shareholders are urged to use white proxy card to vote "for" all three of company's director nominees.Says "believes simultaneously removing chairman and CEO as well as lead director would be damaging to function of board".  Full Article