Company Earnings UpdateTaubman Centers (NYSE: TCO) 2Q19 Results: FFO Misses Consensus, Lowers Guidance Coresight Research July 29, 2019 Executive Summary Taubman Centers reported 2Q19 revenues of $161.6 million, up 5.8% year over year and beating the $159.7 million consensus estimate. FFO was $0.78 per share, missing the $0.83 consensus estimate. Comparable center mall tenant sales per square foot in US were up 8.8% in the quarter and average rent per square foot in comparable centers increased 2.1% to $56.79. To account for The Gardens Mall acquisition, Taubman reduced 2019 EPS guidance to $0.60-0.80 (from $0.68-0.92 previously) and FFOPS to $3.47-3.57 (from $3.60-3.72 previously). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Shoptalk US “Shark Reef” Startup Pitch, 2016–2025Walmart Investment Community Meeting 2025: From Low-Margin Retailer to Diversified, Digital Profit Engine, But Tariffs Create UncertaintyLower-Income Consumers’ Economic and Financial Sentiment Improves: US Consumer Survey InsightsAnalyst Corner: From Models to Markets—The Accelerating Shift Toward AI Applications, with Charlie Poon
