Company Earnings Update 5 minutesRegister for Free AccessTaubman 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? Register for a free user account. This document was generated for Other research you may be interested in: E-Commerce for the Modern Consumer: Building Trust in a Digital AgeEarnings Insights 2Q23, Week 2: Columbia Sportswear, Clorox, Floor & Decor and Sprouts Farmers Market Post Solid Results; Amazon Sees Online Sales ImproveOnline Shopping in Focus—Amazon Is the Clear Winner; Walmart Is a Distant Second: US Consumer Survey InsightsUS Consumer Tracker: Shoppers Weigh Holiday Needs Against Health and Weather Concerns
