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TCO Taubman Centers

Taubman Centers, Inc. operates as a real estate investment trust. It is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of regional shopping centers. The company was founded by A. Alfred Taubman in 1950 and is headquartered in Bloomfield Hills, MI.

Company profile

TCO stock data

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Calendar

9 Nov 20
17 Apr 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 257.14M 257.14M 257.14M 257.14M 257.14M 257.14M
Cash burn (monthly) (positive/no burn) (positive/no burn) 12.2M 2.68M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 80.5M 17.66M n/a n/a
Cash remaining n/a n/a 176.64M 239.48M n/a n/a
Runway (months of cash) n/a n/a 14.5 89.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Dec 20 Tysoe Ronald W Common Stock Sale back to company Dispose D No No 0 33,211 0 0
29 Dec 20 Killefer Nancy Common Stock Sale back to company Dispose D No No 0 5,126 0 0
29 Dec 20 Killefer Nancy Common Stock Sale back to company Dispose D No No 0 4,818 0 5,126
29 Dec 20 Clark Mayree C Common Stock Sale back to company Dispose D No No 0 13,134 0 0
29 Dec 20 William S Taubman Common Stock Sale back to company Dispose D Yes No 0 186,837 0 0
29 Dec 20 William S Taubman Common Stock Sale back to company Dispose D Yes No 0 711,504 0 0
29 Dec 20 William S Taubman Common Stock Sale back to company Dispose D Yes No 0 203,588 0 0
29 Dec 20 William S Taubman Common Stock Sale back to company Dispose D Yes No 0 100 0 0
29 Dec 20 William S Taubman Common Stock Sale back to company Dispose D Yes No 0 43,032 0 0
29 Dec 20 William S Taubman Limited Liability Company Interests Common Stock Conversion Aquire C Yes No 0 472,650 0 472,650

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 5 255 -98.0%
Opened positions 1 21 -95.2%
Closed positions 251 37 +578.4%
Increased positions 0 82 EXIT
Reduced positions 2 97 -97.9%
13F shares
Current Prev Q Change
Total value 54.72M 2.14B -97.4%
Total shares 451.19K 64.22M -99.3%
Total puts 0 2.77M EXIT
Total calls 0 4.18M EXIT
Total put/call ratio 0.7
Largest transactions
Shares Bought/sold Change
Vanguard 0 -8.26M EXIT
BLK Blackrock 0 -6.72M EXIT
Pentwater Capital Management 0 -5.01M EXIT
Healthcare Of Ontario Pension Plan Trust Fund 0 -2.69M EXIT
STT State Street 0 -2.56M EXIT
GS Goldman Sachs 0 -2.42M EXIT
C Citigroup 0 -2.15M EXIT
Westchester Capital Management 0 -1.95M EXIT
Alpine Associates Management 0 -1.44M EXIT
TIG Advisors 0 -1.33M EXIT

Financial report summary

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Management Discussion
  • In addition to the results and trends in our operations discussed in the preceding sections, the following sections discuss certain transactions or events that affected operations during the three and nine months ended September 30, 2020 and 2019, or are expected to affect operations in the future.
  • In response to the COVID-19 pandemic, we temporarily closed most of our U.S. shopping centers in mid-March 2020. As of June 30, 2020, all of our U.S. centers had reopened and as of September 30, 2020, nearly all of our U.S. centers had reopened. Three of our properties were closed intermittently during the three months ended September 30, 2020 as a result of state regulations but are once again open (see "Current Operating Trends - COVID-19 Pandemic Portfolio Impact"). During the three months ended March 31, 2020, the closure of our U.S. shopping centers did not significantly affect our financial results; however, during both the three months ended September 30, 2020 and June 30, 2020, the financial results of our U.S. shopping centers were adversely impacted by the COVID-19 pandemic.
  • In Asia, our three operating centers experienced varying levels of disruption due to the COVID-19 pandemic. CityOn.Xi'an was closed for about a month in February, CityOn.Zhengzhou was closed for 10 days in February, and Starfield Hanam never closed. Our financial results in Asia were adversely impacted for the three months ended March 31, 2020, though our share of the impact was limited due to our partial ownership interests in the centers (see "Results of Operations - Partial Dispositions of Ownership Interests (Blackstone Transactions)"). However, sales in our centers in Asia have recovered during the nine months ended September 30, 2020 and for the three months ended September 30, 2020, tenant sales per square foot were up modestly.
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