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Taubman Centers, Inc. (TCO)

Dec 29, 2020 - TCO merged into SPG
Stock Price: $42.99 USD 0.00 (0.00%)
Updated Dec 28, 2021 4:00 PM EST
Market Cap 2.65B
Revenue (ttm) 585.73M
Net Income (ttm) -77.06M
Shares Out 61.70M
EPS (ttm) -1.25
PE Ratio n/a
Forward PE n/a
Dividend $2.70
Dividend Yield 6.28%
Trading Day Dec 28, 2021
Last Price $42.99
Previous Close $42.99
Change ($) 0.00
Change (%) 0.00%
Day's Open -
Day's Range 42.96 - 42.99
Day's Volume 1,000
52-Week Range 26.04 - 52.49

News

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Zacks Investment Research - 2 months ago

Simon Property Group (SPG) cruises to close the merger of Taubman Centers, Inc (TCO) with the latter's shareholder approval and the transaction is expected to close in late 2020 or by early 2021.

Other stocks mentioned: SPG
Business Wire - 2 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (the “Company”; NYSE: TCO) announced that, effective today, it has provided notice to redeem on January 28, 2021, (the “Redempti...

Business Wire - 2 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted th...

Other stocks mentioned: SPG
Investopedia - 2 months ago

These are the REITs with the best value, fastest growth, and most momentum for January 2021.

Other stocks mentioned: BDN, BPYU, CSGP, EQC, EQIX, HHC, WPC
The Motley Fool - 2 months ago

Like dividend stocks? These diverse winning REITs -- focused on marijuana to renewable energy to data centers -- are yielding up to 5.1%.

Other stocks mentioned: EQIX, HASI, IIPR, PCH, SAFE, UNIT
Business Wire - 2 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The 2020 Global Real Estate Sustainability Benchmark (GRESB) results are in and Taubman Centers, Inc. (NYSE: TCO) has been named the Retail/Americas S...

Zacks Investment Research - 2 months ago

Taubman (TCO) reported earnings 30 days ago. What's next for the stock?

CNBC - 3 months ago

As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.

Other stocks mentioned: SPG, BPR, CBL, MAC, PEI, WPG
Business Wire - 3 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company or “Taubman””) (NYSE: TCO) today declared quarterly dividends of $0.40625 ...

Zacks Investment Research - 3 months ago

Despite retail bankruptcies, store closures and rent-collection woes continuing to affect Simon Property (SPG), strategic capital raises for growth endeavors augur well for long-term growth.

Other stocks mentioned: SPG
The Motley Fool - 3 months ago

A deal cut in better times causes buyer's remorse for one real estate investment trust and its shareholders.

Other stocks mentioned: SPG
The Motley Fool - 3 months ago

Simon Property Group has agreed to go through with the purchase of an 80% stake in smaller rival Taubman in exchange for an 18% discount on the price per share.

Other stocks mentioned: SPG
The Motley Fool - 3 months ago

The on-again, off-again deal is apparently a go once again.

Other stocks mentioned: SPG
PRNewsWire - 3 months ago

NEW YORK, Nov. 16, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Taubman Centers, Inc. ("Taubm...

Benzinga - 3 months ago

Following long negotiations, Taubman Centers, Inc. (NYSE: TCO) announced it has agreed to a merger with Simon Property Group Inc (NYSE: SPG) for $43 per share. Shareholders of Taubman Centers ...

Forbes - 3 months ago

The two shopping center giants were set to combine in a deal valued at $3.6 billion, prior to the coronavirus pandemic's arrival in the U. S., but the merger in June was halted by Simon, which...

Other stocks mentioned: SPG
CNBC Television - 3 months ago

Don Peebles on the future of real estate after the pandemic

Don Peebles, The Peebles Corporation CEO, President Obama's National Finance Committee and former chairman of The Congressional Black Caucus Foundation, joins 'The Exchange' to discuss his out...

Other stocks mentioned: BPR, ESRT, MAC, SPG
New York Post - 3 months ago

Shopping mall giants Simon Property Group and Taubman Centers saw their stock prices spike Monday as they rescued a merger that was nearly scuttled by the coronavirus pandemic. Simon shares su...

Other stocks mentioned: SPG
Zacks Investment Research - 3 months ago

Simon Property (SPG) will now pay $43 per share in cash, down 18% from the previously-agreed price of $52.50 in February to purchase an 80% stake in Taubman Centers (TCO).

Other stocks mentioned: SPG
CNBC Television - 3 months ago

Simon, Taubman revise deal, cut price to $43 a share from $52.50

CNBC's "Squawk on the Street" team discusses the Simon & Taubman revised deal, which cut price to $43 a share from $52.50. Simon to acquire 80% ownership, and the deal is expected to close lat...

Other stocks mentioned: SPG
PYMNTS - 3 months ago

Simon Property Group, Inc. and Taubman Centers, Inc. have changed their merger price to $43 per share in cash, according to a press release from Simon. The combination is anticipated to close ...

Other stocks mentioned: SPG
Zacks Investment Research - 3 months ago

Taubman Centers (TCO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

Seeking Alpha - 3 months ago

Simon Property Group has announced a new deal with Taubman Center at $800 million less and a 7.2% cap rate. The company has significantly improved its gathering rate on revenues, and we expect...

Other stocks mentioned: SPG
Benzinga - 3 months ago

Simon Property Group, Inc. (NYSE: SPG) and real estate investment trust Taubman Centers, Inc. (NYSE: TCO) have agreed to follow through on their merger deal at a revised price. What Happened: ...

Other stocks mentioned: SPG
CNBC - 3 months ago

Under the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50.

Other stocks mentioned: SPG
Reuters - 3 months ago

Simon Property Group Inc , the biggest U.S. mall operator, said on Sunday it has agreed with Taubman Centers Inc to modify terms of their merger deal, including a revised purchase price of $43...

Other stocks mentioned: SPG
Market Watch - 3 months ago

High-end mall developer Taubman Centers Inc. has agreed to accept a price cut in its takeover by Simon Property Group Inc., in a move that will allow the companies to avoid a drawn-out legal b...

Other stocks mentioned: SPG
PRNewsWire - 3 months ago

INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") and Taubman Centers, Inc. (NYSE: TCO) ("Taubman") today announced that ...

Other stocks mentioned: SPG
Zacks Investment Research - 3 months ago

Investors need to pay close attention to Taubman Centers (TCO) stock based on the movements in the options market lately.

Seeking Alpha - 3 months ago

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-...

Other stocks mentioned: BPYU, CBL, MAC, PEI, SKT, SPG, VNQ, WPG
The Motley Fool - 3 months ago

The COVID-19 pandemic is crushing the mall REIT's financial results and could jeopardize its planned sale to Simon Property Group.

Zacks Investment Research - 3 months ago

Higher uncollectible tenant revenues and tenant bankruptcies hurt Taubman Centers' (TCO) Q3 results Also, ending occupancy in U.S. comparable centers shrinks on a year-over-year basis.

Zacks Investment Research - 3 months ago

Taubman (TCO) delivered FFO and revenue surprises of 3.45% and 4.03%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 3 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the third quarter of 2020.   September 30, 2020 Three Months Ended September 30...

Insider Monkey - 4 months ago

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another...

Business Wire - 4 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) has made its holiday list, and has checked it twice, ensuring it is focused on gratitude for customers and employees...

Seeking Alpha - 4 months ago

PJT Partners' (PJT) CEO Paul Taubman on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: PJT
Business Wire - 4 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2020 earnings after the market closes on November 9, 2020. The company will not host...

Zacks Investment Research - 4 months ago

Taubman Centers' (TCO) new Starfield Anseong mall will likely attract decent mall footfall, given its location in one of the fastest-growing regions of South Korea and diverse offerings.

Business Wire - 5 months ago

ANSEONG, South Korea--(BUSINESS WIRE)--The new Starfield Anseong, the second joint venture between Taubman Asia and Shinsegae Property, opened today in Anseong, Gyeonggi Province, South Korea....

Forbes - 5 months ago

After yesterday’s furious rally due to President Trump’s positive health prognosis, the Dow Jones continued with mild gains of 35 points, or .12%. Both the S&P and NasdaqNDAQ were relatively...

Other stocks mentioned: CNK, HAL, MAC, SAVE
Seeking Alpha - 5 months ago

Taubman Centers: Bad News If It Loses In Court

Zacks Investment Research - 5 months ago

Investors need to pay close attention to Taubman Centers (TCO) stock based on the movements in the options market lately.

The Motley Fool - 5 months ago

COVID-19 has sped up the retail reckoning taking shape in the United States. The impact on malls is going to be complex.

Other stocks mentioned: SPG
Seeking Alpha - 5 months ago

The Mall Meltdown Is Underway

Other stocks mentioned: ANF, BPY, BPYPO, BPYPP, BPYU, CBL, HD, LOW, PEI, SKT, SPG, TGT, TIF, WPG
Zacks Investment Research - 5 months ago

Taubman (TCO) reported earnings 30 days ago. What's next for the stock?

Business Wire - 6 months ago

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc.

Seeking Alpha - 6 months ago

Overcoming REIT Investing Biases

Other stocks mentioned: ADC, EPR, EQR, HST, MPW, STAG, VTR, ZM
Seeking Alpha - 6 months ago

Thinking About Malls

Other stocks mentioned: BPY, CBL, MAC, SPG, WPG
Seeking Alpha - 6 months ago

From bad to worse. Entering 2020 on already unstable footing following a tsunami of store closings over the past half-decade, mall REITs have been punished by the ongoing coronavirus pandemic.

Other stocks mentioned: BPR, CBL, MAC, PEI, SKT, SPG, WPG

About TCO

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet malls in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

Industry
REIT-Retail
IPO Date
Nov 20, 1992
CEO
Robert S. Taubman
Employees
420
Stock Exchange
NYSE
Ticker Symbol
TCO
Full Company Profile

Financial Performance

In 2019, TCO's revenue was $661.05 million, an increase of 3.15% compared to the previous year's $640.87 million. Earnings were $229.48 million, an increase of 174.87%.

Financial Statements