Insight Report 3 minutes PremiumTaubman (TCO) 4Q15 Results: Very Complicated Quarter, but Solid Outlook Coresight Research February 10, 2016 Executive Summary Real estate investment trust Taubman Centers reported 4Q15 funds from operations (FFO) of $156.2 million, beating the consensus estimate of $151.3 million. FFO per diluted share was $0.85, up 57.4% year over year, but below the consensus estimate of $0.93. Adjusting for the charges related to the October 2014 sale of seven centers to Starwood Capital, FFO per diluted share was $0.98, down 2.0% and in line with the consensus estimate. The company expects FY16 FFO per diluted share to be $3.45–$3.65, slightly below the consensus estimate of $3.67, and it expects net income per share to be $1.55–$1.80. 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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 42: US Store Openings Surpass 5,000Responses to Inflation—Fewer Shoppers Are Changing Their Spending Habits: US Consumer Survey InsightsHoliday 2023: Exclusive Black Friday and Cyber Monday Survey FindingsWhat Did We Learn from Legends of Commerce: Content & Cocktails?
