Taubman Centers (TCO) Tops Q1 EPS by 60c

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Taubman Centers, Inc. Issues First Quarter Results

May 5, 2020 4:30 PM EDT

- Net Income and Earnings Per Diluted Common Share (EPS) Higher Due to Sale of Interest in CityOn.Xian

- Adjusted Funds from Operations (AFFO) of $0.88 per Diluted Common Share

- Pro Rata Comparable Center NOI, Excluding Lease Cancellation Income at Constant Currency Exchange Rates, Down 1.5 Percent

- Trailing 12-Month U.S. Comp Center Sales Per Square Foot $955, Up 2 Percent

- Completed Financings of Starfield Anseong and CityOn.Zhengzhou

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