OverviewSuggest Edit

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.
TypePublic
Founded1950
HQBloomfield Hills, MI, US
Websitetaubman.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)420(-6%)
Job Openings6
Revenue (FY, 2019)$661.1 M(+4%)
Share Price (Mar 2021)$10.7 K
Cybersecurity ratingDMore

Key People/Management at Taubman Centers

William Taubman

William Taubman

COO
Robert Taubman

Robert Taubman

Chairman and Chief Executive Officer
Denise Anton

Denise Anton

Executive Vice President, Center Operations
Ben Meeker

Ben Meeker

Senior Vice President, Chief Financial Officer & Treasurer
Michele Walton

Michele Walton

Senior Vice President, General Counsel
Paul Wright

Paul Wright

President, Taubman Asia
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Taubman Centers Office Locations

Taubman Centers has offices in Bloomfield Hills, Auburn, Chesterfield County, Concord and in 15 other locations
Bloomfield Hills, MI, US (HQ)
200 E Long Lake Rd #300
Auburn, WA, US
Auburn, WA, USA
Chesterfield County, VA, US
Chesterfield County, VA, USA
Concord, CA, US
Concord, CA, USA
Denver, CO, US
Denver, CO, USA
Fairfax, VA, US
Fairfax, VA, USA
Show all (19)

Taubman Centers Financials and Metrics

Taubman Centers Revenue

Taubman Centers's revenue was reported to be $661.05 m in FY, 2019
USD

Revenue (Q2, 2020)

118.5m

Net income (Q2, 2020)

(41.8m)

EBIT (Q2, 2020)

(34.1m)

Market capitalization (1-Mar-2021)

2.7b

Closing stock price (1-Mar-2021)

10.7k

Cash (30-Jun-2020)

240.8m

EV

2.7b
Taubman Centers's current market capitalization is $2.7 b.
Annual
USDFY, 2010FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

654.6m767.2m679.1m557.2m612.6m629.2m640.9m661.1m

Revenue growth, %

(11%)(18%)10%

General and administrative expense

30.2m50.0m48.3m45.7m48.1m39.0m37.2m40.6m

Operating expense total

105.6m121.2m52.0m103.9m126.9m52.9m37.8m44.1m
Annual
USDY, 2009FY, 2010Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

16.2m19.3m19.3m24.0m32.1m41.0m41.0m276.4m276.4m206.6m206.6m40.6m42.5m48.4m102.8m

Accounts Receivable

49.9m73.2m49.2m54.5m78.6m77.7m95.4m

Inventories

Total Assets

2.5b3.5b3.5b3.2b3.2b3.6b3.6b4.0b4.2b4.3b4.5b
Quarterly
Annual
USDFY, 2010FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

63.9m189.4m1.3b192.6m188.2m112.8m115.7m330.4m

Depreciation and Amortization

153.9m155.8m120.2m106.4m138.1m167.8m179.3m188.4m

Cash From Operating Activities

264.6m371.4m363.7m307.7m305.0m279.9m293.8m253.8m

Cash From Investing Activities

(44.8m)(371.4m)1.3b(505.1m)(722.5m)(323.7m)(325.5m)97.3m
Show all financial metrics

Taubman Centers Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

Taubman Centers Online and Social Media Presence

Embed Graph

Taubman Centers Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    D-

    57/100

  • Compensation

    A

    82/100

Learn more on Comparably

Taubman Centers News and Updates

SHAREHOLDER ALERT: WeissLaw LLP Investigates Taubman Centers, Inc.

NEW YORK, Nov. 16, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Taubman Centers, Inc. ("Taubman" or the "Company") (NYSE: TCO) in connection with the revised acquisition of the Company by...

Taubman Centers will close all but 2 of its malls at least through March 29

Taubman Centers will close all but 2 of its malls at least through March 29

Taubman Centers to close all but 2 of its malls, at least through March 29

Taubman Centers Inc. said Thursday that it will close all but two of its U.S. malls starting the close of business, in response to the COVID-19 pandemic. The real estate investment trust said the shopping center would remain closed through March 29, or later if required by state or local government…

UPDATE: Simon Property Group to acquire Taubman Centers in all-cash deal valued at about $3.6 billion

Simon Property Group Inc. said Monday it has entered an agreement to acquire mall REIT Taubman Centers Inc. in an all-case deal valued at about $3.6 billion. Simon will pay $52.59 per Taubman share, for a 51% premium over the stock's closing price on Friday. The deal is expected to immediately boo…

Simon Property Group to buy Taubman Centers in $3.6 bln deal

U.S. shopping centers owner Taubman Centers Inc agreed to be bought by larger peer Simon Property Group Inc in a deal valued at $3.6 billion, the companies said on Monday. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

Simon Property Group to buy Taubman Centers for $3.6 billion

Simon Property Group to buy Taubman Centers for $3.6 billion
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Taubman Centers Frequently Asked Questions

  • When was Taubman Centers founded?

    Taubman Centers was founded in 1950.

  • Who are Taubman Centers key executives?

    Taubman Centers's key executives are William Taubman, Robert Taubman and Denise Anton.

  • How many employees does Taubman Centers have?

    Taubman Centers has 420 employees.

  • What is Taubman Centers revenue?

    Latest Taubman Centers annual revenue is $661.1 m.

  • What is Taubman Centers revenue per employee?

    Latest Taubman Centers revenue per employee is $1.6 m.

  • Who are Taubman Centers competitors?

    Competitors of Taubman Centers include Duke Realty, RealNet and CWS Apartment Homes.

  • Where is Taubman Centers headquarters?

    Taubman Centers headquarters is located at 200 E Long Lake Rd #300, Bloomfield Hills.

  • Where are Taubman Centers offices?

    Taubman Centers has offices in Bloomfield Hills, Auburn, Chesterfield County, Concord and in 15 other locations.

  • How many offices does Taubman Centers have?

    Taubman Centers has 19 offices.