Taubman Centers (TCO) Tops Q3 EPS by 5c

Taubman Centers (NYSE: TCO) reported Q3 EPS of $0.94, $0.05 better than the analyst estimate of $0.89. Revenue for the quarter came in at $148.02 million versus the consensus estimate of $149.77 million.

“We had another solid quarter with improvements across nearly all of our key metrics,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “Adjusted FFO per share increased 9.3 percent during the quarter driven by higher rents and contributions from our newest centers. We’re pleased with the success of our recently opened centers and are confident that these properties will continue to differentiate our business and generate significant value for shareholders.”

For earnings history and earnings-related data on Taubman Centers (TCO) click here.

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