- Taubman Centers' comparable NOI plunged by about 25% in the second quarter.
- Like other mall owners, Taubman faces a growing wave of in-line tenant bankruptcies, along with anchor vacancies due to department store closures.
- Three of Taubman's five unencumbered properties are experiencing significant headwinds.
- While Taubman may win its upcoming trial with Simon Property Group, forcing the latter to buy it for $52.50/share, its legal case is far from being bulletproof.
- Avoid Taubman Centers stock.
For further details see:
Taubman Centers: Bad News If It Loses In Court