Taubman Centers (TCO) Tops Q1 EPS by 14c, Revenues Miss; Lowers FY19 EPS Guidance

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Taubman Centers, Inc. Issues Solid First Quarter Results

April 30, 2019 4:15 PM EDT

Net Income Down 18.8 Percent, Primarily Due to Higher Depreciation Expense Comparable Center Net Operating Income (NOI), Excluding Lease Cancellation Income, Up 2.3 Percent Beneficial Interest in Total Portfolio NOI, Excluding Lease Cancellation Income Up 5.7 Percent Sales per Square Foot, Occupancy, Leased Space and Average Rents All Up in Comparable Centers Acquired 48.5 Percent Interest in The Gardens Mall, Palm Beach Gardens, Florida

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2019.

March 31, 2019 March 31, 2018... More