Taubman Centers, Inc. Issues Solid Second Quarter Results

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Go back to Taubman Centers, Inc. Issues Solid Second Quarter Results

Taubman Centers (TCO) Misses Q2 EPS by 3c, Revenues Miss; Lowers FY19 EPS & FFO Guidance

July 25, 2019 4:58 PM EDT

Taubman Centers (NYSE: TCO) reported Q2 EPS of $0.10, $0.03 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $161.6 million versus the consensus estimate of $162.44 million.

Net Income and Earnings Per Diluted Common Share (EPS) DownAdjusted Funds from Operations (AFFO) Up 8 PercentPro Rata Total Portfolio NOI, Excluding Lease Cancellation Income, Up 4.6 Percent for the Quarter, Up 5.1 Percent Year-to-DateComparable Center NOI, Excluding Lease Cancellation Income and FX impact, Up 1.4 Percent for the Quarter and 2.2 Percent Year-to-DateTrailing 12-Month Tenant Sales Per Square Foot $848, Up 10.8 PercentSales... More