Taubman Centers Q2 FFO Rises - Quick Facts

(RTTNews) - Taubman Centers, Inc. (TCO) Thursday reported second-quarter funds from operations, or FFO of $68.21 million, up from $63.52 million in the same period last year. FFO attributable to the company shareholders increased to $48.75 million or $0.75 per share from $43.82 million or $0.73 per share last year.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to shareowners improved to $17.84 million or $0.28 per share from $16.37 million or $0.27 per share last year.

Revenues totaled $178.19 million, up from $179.47 million last year. Analysts expected full-year revenues of $179.90 million.

Looking ahead to the fiscal year 2013, the company is maintaining its FFO guidance range of $3.57 to $3.67 per share. Analysts currently expect full-year FFO of $3.66 per share.