Insight Report 2 minutes Premium

Taubman (TCO) 2Q16 Results: Strong Quarter; Company Fine-Tunes 2016 Outlook

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.