Taubman Centers (TCO) Reports FFO of $1.01

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Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2016 Results and Introduces 2017 Guidance

February 9, 2017 4:15 PM EST

- Mall Tenant Sales Per Square Foot Up 5 Percent for the Quarter and 0.9 Percent for the Year, Industry-leading at $792 per Square Foot

- Portfolio Releasing Spreads Nearly 19 Percent for the Year

- $1.1 Billion Revolving Line of Credit Facility Extended, New $300 Million Term Loan Added

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the quarter and full year periods ended December 31, 2016.

                    December 31, 2016   December 31, 2015   December 31, 2016   December 31, 2015     Three Months Ended   Three Months Ended   Year Ended... More