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Last €63.12 EUR
Change Today -0.36 / -0.57%
Volume 0.0
TU8 On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:02 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

taubman centers inc (TU8) Snapshot

Open
€63.12
Previous Close
€63.48
Day High
€63.12
Day Low
€63.12
52 Week High
03/19/15 - €75.62
52 Week Low
08/4/14 - €50.61
Market Cap
3.9B
Average Volume 10 Days
1.5
EPS TTM
--
Shares Outstanding
61.8M
EX-Date
06/11/15
P/E TM
--
Dividend
€2.22
Dividend Yield
9.02%
Current Stock Chart for TAUBMAN CENTERS INC (TU8)

taubman centers inc (TU8) Related Businessweek News

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taubman centers inc (TU8) Details

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner’s interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. As of August 23, 2007, it owned and/or managed 23 urban and suburban shopping centers in 11 states the United States. These centers are located in metropolitan areas, including New York City, Los Angeles, San Francisco, Denver, Detroit, Phoenix, Miami, Dallas, Tampa, Orlando, and Washington, D.C. The operating partnership also owns certain regional retail shopping center development projects, as well as approximately 99% of The Taubman Company LLC, which manages the shopping centers and provides other services to the operating partnership and to the company. Taubman Centers qualifies as a REIT under the Internal Revenue Code. As a REIT, the company would not be subjected to federal income tax to the extent it distributes at least 90% of its taxable income to its shareholders. Taubman Centers was founded in 1950 by A. Alfred Taubman and is headquartered in Bloomfield Hills, Michigan.

598 Employees
Last Reported Date: 02/24/15
Founded in 1950

taubman centers inc (TU8) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $901.8K
Vice Chairman, Chief Financial Officer, Chief...
Total Annual Compensation: $634.5K
Chief Operating Officer and Director
Total Annual Compensation: $604.3K
President of Taubman Asia Management Limited
Total Annual Compensation: $1.0M
Executive Vice President of Leasing
Total Annual Compensation: $515.0K
Compensation as of Fiscal Year 2014.

taubman centers inc (TU8) Key Developments

Taubman Centers, Inc.(NYSE:TCO.PRJ) dropped from S&P Preferred Stock Index

Taubman Centers, Inc.(NYSE:TCO.PRJ) dropped from S&P Preferred Stock Index

Taubman Centers, Inc. Declares Common Stock and Preferred Shares Dividends Payable on June 30, 2015

The Board of Directors of Taubman Centers, Inc. declared a regular quarterly dividend of $0.565 per share of common stock. The common dividend is payable on June 30, 2015, to shareholders of record on June 15, 2015. The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares and $0.390625 on its 6.25% Series K Cumulative Preferred Shares. The preferred dividends will be payable on June 30, 2015, to shareholders of record on June 15, 2015.

Taubman Centers, Inc. Reports Earnings and Operating Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Taubman Centers, Inc. reported earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $51,000,000 against $526,157,000 a year ago. Net income attributable to company’s common shareowners was $29,622,000 or $0.47 per diluted share against $369,125,000 or $5.74 per diluted share a year ago. Funds from operations were $72,916,000 or $0.81 per diluted share against $81,223,000 or $0.90 per diluted share a year ago. Total revenue was $128,989,000 against $174,778,000 a year ago. EBITDA was $72,329,000 against $586,242,000 a year ago. For the quarter, comparable center NOI excluding lease cancellation income was up 3.7%. Including lease cancellation income, comparable center NOI growth was 5.3%. Average rent per square foot for the quarter was $60.12, up 4.2% from $57.71 in the comparable period last year. The company is adjusting its guidance for 2015 FFO per diluted share to $3.20 to $3.28 from the previous range of $3.18 to $3.28. This includes the impact of share repurchases through March 31, but excludes assumptions for future repurchases. This guidance also assumes comparable center NOI growth, excluding lease cancellation income, of 2.5% to 3% for the year, down from about 3%. This is due to lower than expected rent growth in the company's Consumer Price Index escalations in the majority of the company's tenant leases. 2015 EPS is expected to be in the range of $1.59 to $1.72.

 

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TU8 Competitors

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Company Last Change
Equity One Inc $24.15 USD -0.03
Regency Centers Corp $62.17 USD +0.10
Retail Properties of America Inc $14.35 USD -0.02
Tanger Factory Outlet Centers Inc $32.13 USD -0.21
Weingarten Realty Investors $34.74 USD +0.08
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