Taubman Centers

Taubman Centers is an owner of regional malls in the United States, headquartered in Bloomfield Hills, Michigan. Taubman creates extraordinary retail environments for shoppers, retailers, communities, and investors. Its portfolio in the United States is the most productive in the nation. Its portfolio is located in major markets from coast to coast, our centers have the highest sales per square foot in the publicly traded, regional mall industry. Shares of Taubman Centers Inc. (NYSE:TCO), a Real Estate Investment Trust, have been trading on the New York Stock Exchange since 1992.

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. The one million square foot, modern shopping, entertainment and dining destination is Taubman Asia’s fourth successful development project. It will serve as the primary mall for Anseong, one of the fastest-growing areas of South Korea. Starfield Anseong is nearly 100 percent leased, with over 90 percent o

Taubman Asia and Shinsegae Group Celebrate the Opening of Starfield Anseong in South Korea Today

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

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

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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.

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Taubman Centers' (TCO) Q2 results hurt by a decline in comparable-center NOI along with lower ending occupancy in comparable centers.

Taubman Centers (TCO) Q2 FFO and Revenues Lag Estimates

Taubman (TCO) delivered FFO and revenue surprises of -35.94% and -20.43%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Taubman Centers (TCO) Q2 FFO and Revenues Miss Estimates

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc.

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Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.

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As the restrictions related to the pandemic ease and the economy reopens, Taubman (TCO) is witnessing a rebound in business, with operations restarting in all of its shopping centers.

Taubman (TCO) Completely Reopens All Operating Properties

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced that 100 percent of its operating properties in the U.S. and Asia, have reopened. Most U.S. centers were temporarily closed on March 19 in response to the COVID-19 pandemic and have reopened gradually using enhanced safety protocols, in compliance with all local, state and federal laws. “Nearly 85 percent of stores in our portfolio have reopened, with more opening every day,” said the company’s Chairman,

Taubman Centers Provides Business Update

But the REIT's counterparty no longer wants to do the deal.

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Taubman Centers' (TCO) shareholders approve and adopt the merger agreement with Simon Property. The approval satisfies the final condition precedent to closing of the merger transaction.

Taubman Gets Shareholder Approval for Simon Property Merger

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Macerich (MAC) and Taubman assets likely to gain by serving as mall-based distribution centers as these help in faster delivery of products for being situated closer to the customers of the retailers.

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Mall owner Taubman Centers, Inc. (NYSE: TCO) is taking legal action and says Simon Property Group Inc (NYSE: SPG) has no right to terminate the merger agreement between the companies.

News for Taubman Centers Stock (TCO)