Company Earnings Update 4 minutesRegister for Free AccessTaubman 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: Canada Store Openings and Closures Tracker 2025: Best Buy, Dollarama and Loblaw Companies Lead Openings at the Start of the YearWhat You Need to Know About US Tariffs and Consumers’ and Retailers’ Reactions—April 2025 UpdateThe Changing Consumer: Insights Presented by Deborah Wesinswig at YPO Retail CEO SummitConsumer Sentiment—The Big Surprise in a Week of Shocks; Plus, Apparel Shopping in Focus: US Consumer Survey Insights
