Taubman Centers

Taubman creates extraordinary retail environments for shoppers, retailers, communities, and investors. Our portfolio of United States regional and super regional malls, located in major markets from coast to coast, is the most productive in the nation. Through our Taubman Asia subsidiary, we are extending the company’s unsurpassed retail real estate expertise to international markets.

We’re headquartered in Bloomfield Hills, Michigan, and through our Taubman Asia subsidiary, headquartered in Hong Kong, we’re extending our expertise to booming markets in China and South Korea. 

Our portfolio of U.S. regional and super-regional malls, located in major markets from coast to coast, achieved average sales per square foot of $721 in 2013, a record for us and our industry. Shares of Taubman Centers Inc. (NYSE:TCO), a Real Estate Investment Trust, have been trading on the New York Stock Exchange since 1992. 

There are many reasons Taubman malls have set the industry standard for design and productivity for more than six decades. 

It all starts with our organization’s intense focus on planning and our history of innovation. Many of the design features we pioneered are now incorporated into the best shopping destinations around the world. Retail real estate development is in our DNA, and we know how to create, from the ground up, environments that attract shoppers, delight retailers and reward investors. 

We think like retailers, merchandising and managing our properties to maximize and sustain their sales potential within the markets they serve.
Company Growth (employees)
Type
Public
HQ
Bloomfield Hills, US
Founded
1950
Size (employees)
624 (est)
Taubman Centers was founded in 1950 and is headquartered in Bloomfield Hills, US

Taubman Centers Office Locations

Taubman Centers has offices in Bloomfield Hills, Miami, Los Angeles, Stamford and in 14 other locations
Bloomfield Hills, US (HQ)
300 200 E Long Lake Rd
Show all (18)

Taubman Centers Data and Metrics

Taubman Centers Financial Metrics

Taubman Centers's revenue was reported to be $149.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

149.1 m

Net income (Q1, 2017)

32.8 m

Market capitalization (17-Aug-2017)

3.2 b

Cash (31-Mar-2017)

51.1 m
Taubman Centers's current market capitalization is $3.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

767.2 m679.1 m557.2 m612.6 m

Revenue growth, %

(11%)(18%)10%

General and administrative expense

48.1 m

Operating expense total

628.2 m524.5 m424.3 m514.8 m

EBIT

141.7 m69 m143.4 m

EBIT margin, %

18%10%26%

Interest expense

63 m86.3 m

Income tax expense

(2.2 m)(2.2 m)

Net Income

189.4 m1.3 b192.6 m188.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

132 m140 m139.5 m158.9 m148 m149.1 m

General and administrative expense

12.1 m8.6 m11.4 m11.7 m11.6 m10.8 m

Operating expense total

12.1 m8.6 m11.4 m11.7 m11.6 m10.8 m

Interest expense

14.8 m16.1 m19.1 m20.6 m22.1 m25.5 m

Income tax expense

(688 k)(584 k)(302 k)(442 k)460 k(208 k)

Net Income

565.2 m621.8 m51 m93.3 m146 m44.3 m102.1 m137.3 m32.8 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

16.2 m19.3 m24 m32.1 m41 m276.4 m206.6 m40.6 m

Total Assets

3.5 b3.2 b3.6 b4 b

Accounts Payable

336.5 m

Total Debt

6.1 b4.1 b5.3 b3.3 b

Total Liabilities

4.1 b

Additional Paid-in Capital

796.8 m816 m652.1 m657.3 m

Total Equity

(120.1 m)318.4 m112.8 m72.1 m

Debt to Equity Ratio

-50.9 x12.7 x46.9 x45.2 x

Debt to Assets Ratio

1.7 x1.3 x1.5 x0.8 x

Financial Leverage

-29.2 x10.1 x31.6 x55.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

132.4 m45.7 m105.5 m42.3 m263.9 m172.9 m83.9 m59.7 m51.1 m

Total Assets

3.6 b3.6 b3.2 b3.2 b3.5 b3.7 b3.8 b4 b4 b

Accounts Payable

261.6 m275.2 m306.9 m303.9 m306.9 m309.5 m315.7 m387.1 m327.4 m

Additional Paid-in Capital

803 m809.1 m757.1 m678.9 m649.6 m647 m650.3 m653.8 m662.5 m

Total Equity

207 m213.2 m247.8 m159.9 m113.2 m94.1 m90.4 m84.9 m63.7 m

Financial Leverage

17.3 x16.9 x12.8 x19.9 x30.9 x39.6 x41.9 x47.2 x63.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

189.4 m1.3 b192.6 m188.2 m

Depreciation and Amortization

120.2 m106.4 m138.1 m

Accounts Payable

29.6 m16.5 m6.6 m1.5 m

Cash From Operating Activities

371.4 m363.7 m307.7 m305 m

Cash From Investing Activities

(371.4 m)1.3 b(505.1 m)(722.5 m)

Cash From Financing Activities

9 m(1.4 b)127.6 m251.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

565.2 m621.8 m51 m93.3 m146 m44.3 m102.1 m137.3 m32.8 m

Depreciation and Amortization

72 m96.5 m24 m50.4 m77.6 m29.7 m59.5 m100.1 m37.7 m

Accounts Payable

(21.1 m)(2.3 m)

Cash From Operating Activities

142.9 m249.5 m51.5 m154.6 m233.4 m63.4 m159.7 m241.9 m78.8 m

Cash From Investing Activities

172.5 m23.2 m(109.5 m)(240.2 m)(383 m)(249.3 m)(437.4 m)(648.3 m)(34.9 m)

Cash From Financing Activities

(223.9 m)(268 m)(112.8 m)(148.4 m)137.1 m152.2 m154.9 m259.4 m(33.4 m)
USDY, 2017

Revenue/Employee

238.9 k

Financial Leverage

63.5 x

Taubman Centers Market Value History

Traffic Overview of Taubman Centers

Taubman Centers Online and Social Media Presence

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