Taubman Centers, Inc. Issues Third Quarter Results

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Taubman Centers (TCO) Tops Q3 EPS by 66c

October 29, 2019 4:23 PM EDT

Taubman Centers (NYSE: TCO) reported Q3 EPS of $0.86, $0.66 better than the analyst estimate of $0.20. Revenue for the quarter came in at $216.87 million versus the consensus estimate of $163.97 million.

Net Income and Earnings Per Diluted Common Share (EPS) Higher Due to Sale of Interest in Starfield HanamPro Rata Total Portfolio NOI, Excluding Lease Cancellation Income, Up 0.7 Percent for the Quarter and 3.6 Percent Year-to-DateAverage Rent Per Square Foot Up 2.3 PercentTrailing 12-Month Tenant Sales Per Square Foot $868, Up 12 PercentSales Per Square Foot Up 11.2 Percent, 13th... More