TCO News and Press, Taubman Centers Inc. From 07/02/20

About the Dividend Champions List The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers , the Dividend Champions c...

Taubman Centers (NYSE: TCO ) says 100% of its operating properties in the U.S. and Asia have reopened . More news on: Taubman Centers, Inc., Simon Property Group, Inc., Financial stocks news, Read more ...

All Malls are Now Open 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 enhanc...

Shares of mall-focused real estate investment trust (REIT) Simon Property Group (NYSE: SPG) rose just shy of 10% on June 29. At roughly 2 p.m. Wall Street time, they were still up in the high single digits. Simon, however, was hardly alone in its spirited advance; the broader market was up...

Simon Property Group (NYSE: SPG) no longer wants to acquire a strong majority in fellow retail real estate investment trust (REIT) Taubman Centers (NYSE: TCO) , but the latter continues to push the deal. Taubman said that its shareholders overwhelmingly approved the merger agreement reach...

It has been a brutal half-decade for mall REITs. The 2020 pandemic-induced recession is accelerating valuation declines that were already in place. The long-established trend of accelerating e-commerce has collided with a separate trend of increasingly leveraged retailers. This is resulting in...

Real Estate Weekly Outlook Not this again. U.S. equity markets pulled back on a volatile week after several states and corporations including Apple ( AAPL ) and Disney ( DIS ) announced plans to reverse progress on some parts of their reopening plans after coronavirus case counts jum...

The COVID-19 crisis has been a trial by fire for the real estate investment trust (REIT) sector. Mortgage REITs were the first casualties, then the crisis moved to retail and mall REITs. Many mall REITs were overleveraged before the coronavirus crisis grabbed hold of the economy and were suffer...

Simon Property ( SPG -0.8% ) may not want to buy Taubman Centers ( TCO -1.2% ) anymore, but Taubman shareholders are all in on the deal that Simon has terminated. More news on: Simon Property Group, Inc., Taubman Centers, Inc., Financial stocks news, Merger & acquisition news, ...

Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the “Merger Agreement”), dated as of February 9, 2020, among the Company, ...