Company Earnings UpdateTaubman Centers (NYSE: TCO) 4Q18 Results: Beats Consensus Estimates, Lowers 2019 Guidance, Announces Sale of Half its Stake in Asia Malls Coresight Research February 15, 2019 Executive Summary Taubman Centers reported 4Q18 adjusted FFO of $0.91 per share, ahead of the $0.89 consensus estimate. Revenues were $167.5 million, down 2.7% year over year. Separately, the company announced plans to sell 50% of its interests in three Asia shopping centers to the Blackstone Group for $480 million, to close throughout 2019. For 2019, Taubman expects EPS of $0.84-1.08 (versus $0.95 in 2018) and FFOPS of $3.62-3.74 (below $3.83 in 2018), based on the assumption of 2% growth in NOI. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Agentic Commerce: How Retailers Can Employ OpenAI’s Agentic Commerce Protocol To Unleash a True AI Shopping AgentUS Store Tracker Extra, April 2025: JD Sports and 7-Eleven Drive Total Opened Retail Space to Over 67 Million Square FeetWeekly UK Store Openings and Closures Tracker 2025, Week 16: B&M and Tesco Provide Store-Opening PlansUS Retail Sales Outlook: Our Retail Growth Outlook Score Strengthens, Slightly
