Company Earnings Update 3 minutesRegister for Free AccessTaubman Centers (NYSE: TCO) 2Q19 Results: FFO Misses Consensus, Lowers Guidance Coresight Research July 29, 2019 Executive Summary Taubman Centers reported 2Q19 revenues of $161.6 million, up 5.8% year over year and beating the $159.7 million consensus estimate. FFO was $0.78 per share, missing the $0.83 consensus estimate. Comparable center mall tenant sales per square foot in US were up 8.8% in the quarter and average rent per square foot in comparable centers increased 2.1% to $56.79. To account for The Gardens Mall acquisition, Taubman reduced 2019 EPS guidance to $0.60-0.80 (from $0.68-0.92 previously) and FFOPS to $3.47-3.57 (from $3.60-3.72 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: Tapestry’s Acquisition of Capri Holdings Paves the Way for an American Luxury PowerhouseRetail Around the World: Coresight Research Observations, 2Q23Generative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIUS Consumer Tracker: Analyzing Cross-Shopping at Nonfood Retailers
