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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Analyst Corner: US Shoppers Are Worried About Higher Prices from Tariffs—Consumer Survey Insights with John MercerIntroducing the New Tech 25 for ’25: Retail-Tech Companies To WatchFebruary 2025 US Retail Sales: First Year-Over-Year Drop Since the Pandemic—Electronics and Department Stores Lead DeclinesInflation Awareness Rises; Economic Sentiment Falls to Six-Month Low: US Consumer Survey Insights
