Taubman Centers Inc. (TCO) reported fourth quarter net income attributable to the company of $4.0 million or $0.07 per share, compared to a loss of $100.8 million or $1.90 per share in the prior year quarter.
Funds from operations for the quarter was $46.4 million or $0.56 per share, compared to negative funds from operations of $45.4 million or $0.57 per share in the year-ago quarter. Funds from operations attributable to TCO was $31.1 million, compared to a negative funds from operations attributable to TCO of $30.3 million in the previous year quarter.
Adjusted funds from operations for the quarter was $76.6 million or $0.93 per share, compared to an adjusted negative funds from operations of $81.0 million or $1.00 per share in last year quarter.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share. Analysts' estimates typically exclude special items.
Results for the fourth quarter of 2009 included $38.5 million of litigation charges related to Westfarms, of which the company's share was $30.4 million.
Total revenues for the period were $186.3 million, compared to $75.5 million in last year period. Three Wall Street analysts expected revenues of $169.94 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.