TCO News and Press, Taubman Centers Inc. From 11/15/20

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...

The two have modified their original agreement, with Simon Property (SPG) now set to take over Taubman Centers (TCO) for $43 per share in cash.The original deal - agreed upon prior to the pandemic - was for $52.50 per share. Taubman close at $39.48 on Friday.The merger is expected to close la...

Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash PR Newswire INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ...

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-late. Despite improving rent collection and foot traffic, earnings reports revealed that...

Shares of Taubman Centers (NYSE: TCO) surged earlier this year after the mall owner announced a deal to sell all of its publicly traded stock to Simon Property Group (NYSE: SPG) at a big premium. However, since March, the COVID-19 pandemic has decimated the mall sector, lead...

Taubman Centers (TCO): Q3 FFO of $0.39 misses by $0.13.Revenue of $408.99M (-15.6% Y/Y)Comparable center NOI at company's beneficial interest, including lease cancellation income, was down 18.3% in Q3.Ending occupancy in U.S. comparable centers was 89.9% down 2.7% from year ago peri...

Early numbers from the Pfizer/BioNTech Phase 2/3 trial of its Covid-19 vaccine candidate show 90% effectiveness after the second dose.It's looking like a big day for stocks, particularly those hit most by the idea of an ongoing pandemic. Among those are traditional retail landlords.Simon Prop...

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...

Taubman Centers (NYSE:TCO) is scheduled to announce Q3 earnings results on Monday, November 9th, after market close.Consensus revenue estimate is $125.1M (-23% Y/Y).Over the last 1 year, TCO has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. For furt...

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