Taubman Centers, Inc.

NYSE:TCO  
42.80
+0.03 (+0.07%)
Other Pre-Announcement

Taubman Centers Reports Q3 Loss Per Share Of $0.49

Published: 11/09/2020 23:09 GMT
Taubman Centers Inc (TCO) - Taubman Centers, Inc. Issues Third Quarter Results.
Qtrly FFO per Share $0.39.
All U.S. Properties and Nearly 94 Percent of Tenants Have Reopened.
Qtrly Adjusted FFO per Share $0.60.
Qtrly Loss per Share $0.49.comparable Center Noi at Beneficial Interest, Including Lease Cancellation Income, Was Down 18.3% in Q3.
Q3 FFO per Share View $0.63 -- Refinitiv Ibes Data (analyst estimates).
Higher Yoy Uncollectible Tenant Revenues Impacted Comp Center Noi Excluding Lease Cancellation Income by 16.5% in Quarter.
U.S. Planned Capex for Year Have Been Lowered by About $135 Million.
Taubman Centers - As a Result of Stamford Town Center Sale, Impairment Charge of $19.8 Million at Beneficial Interest Was Recognized During Q3.
Qtrly Earnings Impacted by Covid-19 Pandemic.