Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2019 Results

Go back to Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2019 Results

Taubman Centers (TCO) Reports Q4 Revenues Beat

February 10, 2020 7:36 AM EST

Taubman Centers (NYSE: TCO) reported Q4 EPS of ($0.29), $0.57 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $176.74 million versus the consensus estimate of $175.29 million.

Simon Property Group to Acquire Taubman

On February 10, the company announced a definitive agreement for Simon Property Group, Inc. (NYSE: SPG) (Simon) to acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG). Simon, through its operating partnership, Simon Property Group, L.P., will acquire all of Taubmans common stock for $52.50 per share in cash and the... More