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)+2%
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 13 other locations
Bloomfield Hills, US (HQ)
300 200 E Long Lake Rd

Taubman Centers Metrics

Taubman Centers Financial Metrics

Revenue (2016)

$612.6 m

Revenue growth (2015-16), %

10%

Net income (2016)

$188.2 m

Market capitalization (21-Mar-2017)

$3.9 b

Closing share price (21-Mar-2017)

$65.5

Cash (31-Dec-2016)

$40.6 m
Taubman Centers's current market capitalization is $3.9 b.
Taubman Centers's revenue was reported to be $612.6 m in FY, 2016 which is a 9.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$767.2 m$679.1 m$557.2 m$612.6 m

Revenue growth, %

(11%)(18%)10%

Operating expense total

$628.2 m$524.5 m$424.3 m$514.8 m

EBIT

$141.7 m$69 m$143.4 m

EBIT margin, %

18%10%26%

Interest expense

$63 m$86.3 m

Income tax expense

($2.2 m)($2.2 m)

Net Income

$189.4 m$1.3 b$192.6 m$188.2 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$16.2 m$19.3 m$24 m$32.1 m$41 m$276.4 m$206.6 m$40.6 m

Accounts Receivable

Inventories

Total Assets

$3.5 b$3.2 b$3.6 b$4 b

Accounts Payable

Total Debt

$6.1 b$4.1 b$5.3 b

Additional Paid-in Capital

$796.8 m$816 m$652.1 m$657.3 m

Total Equity

($120.1 m)$318.4 m$112.8 m$72.1 m

Debt to Equity Ratio

-50.9 x12.7 x46.9 x

Debt to Assets Ratio

1.7 x1.3 x1.5 x

Financial Leverage

-29.2 x10.1 x31.6 x55.6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$189.4 m$1.3 b$192.6 m$188.2 m

Depreciation and Amortization

$120.2 m$106.4 m$138.1 m

Accounts Receivable

Inventories

Accounts Payable

$29.6 m$16.5 m$6.6 m$1.5 m

Cash From Operating Activities

$371.4 m$363.7 m$307.7 m$305 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 m$251.5 m

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