Taubman Centers (TCO) Misses Q4 EPS by 8c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus
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Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2018 Results and Introduces 2019 Guidance
February 13, 2019 4:23 PM EST2018 Net Income Up 4.8 Percent and Earnings Per Diluted Common Share (EPS) Up 4.4 Percent Comparable Center Net Operating Income (NOI), Including Lease Cancellation Income Up 4.4 Percent for the Year (Up 3.8 Percent Excluding Lease Cancellation Income) 2018 Funds from Operations (FFO) and Adjusted FFO Up 5.7 Percent and 3.5 Percent, respectively Industry-leading Sales Per Square Foot $824, Up 8.6 Percent for the Year Sales Per Square Foot Up 10.1 Percent for the Quarter, Tenth Consecutive Quarter of Positive Sales Growth... More
