Taubman Centers

Taubman Centers, Inc. Named GRESB Retail/Americas Sector Leader for Excellence in Sustainability

Retrieved on: 
Tuesday, December 15, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Environment, Bloomfield Hills, Michigan, Taubman Centers, Companies, GRESB, Taubman

The 2020 Global Real Estate Sustainability Benchmark (GRESB) results are in and Taubman Centers, Inc. (NYSE: TCO) has been named the Retail/Americas Sector Leader for its outstanding environmental, social and governance (ESG) leadership.

Key Points: 
  • The 2020 Global Real Estate Sustainability Benchmark (GRESB) results are in and Taubman Centers, Inc. (NYSE: TCO) has been named the Retail/Americas Sector Leader for its outstanding environmental, social and governance (ESG) leadership.
  • The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Taubman Centers Declares Quarterly Preferred Dividends

Retrieved on: 
Thursday, December 3, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Bloomfield Hills, Michigan, Taubman Centers, Real estate, Companies, Robert S. Taubman

The Board of Directors (the Board) of Taubman Centers, Inc. (the Company or Taubman) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K).

Key Points: 
  • The Board of Directors (the Board) of Taubman Centers, Inc. (the Company or Taubman) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K).
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • For ease of use, references in this press release to Taubman Centers, we, us, our, company, Taubman or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities.
  • Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Taubman Places ‘Community First’ this Holiday Season to Recognize and Thank Customers and Employees, While Helping Those in Need

Retrieved on: 
Thursday, October 29, 2020
Retail, Consumer, Online Retail, Construction & Property, Discount, Variety, Other Philanthropy, Philanthropy, Department Stores, Other Retail, Parenting, Children, Fund Raising, Specialty, REIT, Bloomfield Hills, Michigan, Taubman Centers, Taubman, Real estate, Michigan, Companies

Efforts include:

Key Points: 
  • Efforts include:
    Removing the snowfall and high-touch, interactive elements from the Santa set
    Monitoring the temperature of employees and contractors prior to their shift.
  • Closing play areas out of an abundance of caution, and to protect our smallest customers
    For more information on Taubmans holiday programs, visit our mall websites.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Taubman Schedules Third Quarter Earnings Release

Retrieved on: 
Monday, October 12, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Bloomfield Hills, Michigan, Taubman Centers, Taubman, Geography of Michigan, Companies, Real estate, Robert S. Taubman

Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2020 earnings after the market closes on November 9, 2020.

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2020 earnings after the market closes on November 9, 2020.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • For ease of use, references in this press release to Taubman Centers,, we, us, our, company, Taubman or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities.
  • Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Taubman Centers Declares Quarterly Preferred Dividends

Retrieved on: 
Thursday, September 3, 2020
Construction & Property, REIT, Bloomfield Hills, Michigan, Taubman, Taubman Centers, Service companies, Companies, Real estate

The Board of Directors (the Board) of Taubman Centers, Inc. (the Company) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K).

Key Points: 
  • The Board of Directors (the Board) of Taubman Centers, Inc. (the Company) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K).
  • Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • For ease of use, references in this press release to Taubman Centers,, we, us, our, company, Taubman or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities.

Taubman Schedules Second Quarter Earnings Release

Retrieved on: 
Thursday, August 6, 2020
Retail, Construction & Property, REIT, Other Retail, Bloomfield Hills, Michigan, Taubman Centers, Taubman, Metro Detroit, Service companies, Geography of Michigan, Robert S. Taubman

Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2020 earnings after the market closes on August 10, 2020.

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2020 earnings after the market closes on August 10, 2020.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
  • For ease of use, references in this press release to Taubman Centers,, we, us, our, company, Taubman or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities.
  • Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Taubman Centers Provides Business Update

Retrieved on: 
Tuesday, June 30, 2020
Retail, Construction & Property, REIT, Other Retail, Taubman Centers, Real estate, Bloomfield Hills, Michigan, Taubman, Shopping mall, Robert S. Taubman

Taubman Centers, Inc. (NYSE: TCO) today announced that 100 percent of its operating properties in the U.S. and Asia, have reopened.

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) today announced that 100 percent of its operating properties in the U.S. and Asia, have reopened.
  • We were encouraged by the quick rebound of our centers in Asia, and are seeing very positive progress in the U.S., said Mr. Taubman.
  • Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

Taubman Centers Shareholders Approve Merger with Simon Property Group

Retrieved on: 
Thursday, June 25, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Taubman Centers, Bloomfield Hills, Michigan, New York Stock Exchange, Companies, Economy of New York City, Economy of the United States

Taubman Centers, Inc. (NYSE: TCO) (the Company) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the Merger Agreement), dated as of February 9, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, Taubman), Simon Property Group, Inc. (NYSE: SPG) (Simon) and certain other parties, and the transactions contemplated by the Merger Agreement (the Transactions).

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) (the Company) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the Merger Agreement), dated as of February 9, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, Taubman), Simon Property Group, Inc. (NYSE: SPG) (Simon) and certain other parties, and the transactions contemplated by the Merger Agreement (the Transactions).
  • Shares voting in favor also included approximately 78.3% of the outstanding shares entitled to vote held by shareholders other than the members of the Taubman family.
  • Taubman continues to believe that Simons purported termination of the Merger Agreement is invalid and without merit, and that Simon continues to be bound to the Merger Agreement and to consummate the Transactions.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

Taubman Centers Confirms Receipt of Notice from Simon Property Group Purporting to Terminate Merger Agreement

Retrieved on: 
Wednesday, June 10, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Taubman Centers, Taubman, Bloomfield Hills, Michigan, Companies

Taubman Centers, Inc. (NYSE: TCO) (Taubman) confirmed that Simon Property Group, Inc. (Simon) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partnership (TRG) and other parties.

Key Points: 
  • Taubman Centers, Inc. (NYSE: TCO) (Taubman) confirmed that Simon Property Group, Inc. (Simon) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partnership (TRG) and other parties.
  • Taubman believes that Simons purported termination of the Merger Agreement is invalid and without merit, and that Simon continues to be bound to the transaction in all respects.
  • Taubman intends to hold Simon to its obligations under the Merger Agreement and the agreed transaction, and to vigorously contest Simons purported termination and legal claims.
  • Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

Simon Property Group Terminates Taubman Agreement

Retrieved on: 
Wednesday, June 10, 2020
Shopping malls, Bloomfield Hills, Michigan, Taubman Centers, Taubman, New York Stock Exchange, Simon Property Group

INDIANAPOLIS, June 10, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has exercised its contractual rights to terminate its February 9, 2020 merger agreement (the "Merger Agreement") with Taubman Centers, Inc. (NYSE: TCO).

Key Points: 
  • INDIANAPOLIS, June 10, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has exercised its contractual rights to terminate its February 9, 2020 merger agreement (the "Merger Agreement") with Taubman Centers, Inc. (NYSE: TCO).
  • Simon also filed an action today in the Circuit Court for the 6th Judicial Circuit of Oakland County, Michigan against Taubman Centers, Inc. and The Taubman Realty Group Limited Partnership (collectively, "Taubman") requesting a declaration that Taubman has suffered a Material Adverse Event ("MAE") under the Merger Agreement and has breached the covenants in the Merger Agreement governing the operation of Taubman's business.
  • The Merger Agreement specifically gave Simon the right to terminate the transaction in the event that a pandemic disproportionately hurt Taubman.
  • Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG).