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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.