Company Earnings UpdateTaubman Centers (NYSE: TCO) 1Q19 Results: Beats Consensus Estimates, Updates 2019 Guidance for The Gardens Mall Acquisition Coresight Research May 2, 2019 Executive Summary Taubman Centers reported 1Q19 revenues of $160.2 million, down 0.8% year over year and beating the $157.3 million consensus estimate. Adjusted FFO was $0.95 per share, down 8.8% and ahead of the $0.90 consensus estimate. Comparable center mall tenant sales per square foot were up 18.6% in the quarter and average rent per square foot in comparable centers increased 1.3% to $56.15. To account for The Gardens Mall acquisition, Taubman reduced 2019 EPS guidance to $0.68-0.92 (from $0.84-1.08 previously) and FFOPS to $3.60-3.72 (from $3.62-3.74 previously). 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: May 2025 US Retail Sales: Core Sales Growth Proves Solid Despite Pull-Forward of PurchasesCES 2026 Preview: A Guide to What Retailers Should See and DoUS Store Tracker Extra, January 2026: More than 24 Million Square Feet of Retail Space Slated To Open This YearWeekly UK Store Openings and Closures Tracker 2025, Week 20: Asda Opens New Format; Skims Plans to Step into the UK in 2026
