Taubman Centers (TCO) Trims FY12 FFO Outlook on Common/Preferred Offerings, Redemption

August 8, 2012 12:10 PM EDT Send to a Friend
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Taubman Centers, Inc. (NYSE: TCO) announced updated guidance on 2012 Adjusted Funds from Operations (FFO) per diluted share, FFO per diluted share, and net income allocable to common shareholders per diluted share (EPS) to reflect recent common and preferred stock offerings and the anticipated preferred stock redemption.

Adjusted FFO moves from a range of $3.24 - $3.29 down to $3.22 - $3.27. The Street is looking for FFO of $3.27.


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