Insight Report 2 minutes PremiumTaubman (TCO) 2Q16 Results: Strong Quarter; Company Fine-Tunes 2016 Outlook Coresight Research July 28, 2016 Executive Summary Taubman Centers’ net income and FFO were both up in 2Q16, reaching $158.9 million and $1.04, respectively. Revenues increased by 20.4% from the year-ago quarter. Comparable center net operating income was up 6.2% in the quarter. Average rent per square foot also increased, by 5.4%. The company revised its FY16 outlook after incurring an unanticipated, two-cent legal charge, which affected FFO. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Digital Merchandising Strategies: The Power of Automation and 3D Product Imagery in RetailMarket Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and StrategiesThe Latest on Consumer Sentiment: US Consumer Survey InsightsUS Retail Loyalty Programs: Decoding Consumer Behavior To Build Lasting Relationships
