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Taubman Issues Second Quarter Results

BLOOMFIELD HILLS, MI - First half diluted funds are equal to 1999.

By Robert Carr | Updated on August 10, 2000

Taubman Centers Inc., headquartered in Bloomfield Hills, MI, has issued its 2Q 2000 and six-month financial results. For the quarter ended June 30, diluted FFO per share for Taubman was 31¢, even the same as in the second quarter of 1999. Diluted FFO per share for the six months ended June 30, was 64¢, vs. 61$ per share in the first half of 1999.

Taubman Centers’ EBITDA for the second quarter of 2000 was $54.8 million, a 5.6% increase from the $51.9 million in the prior year’s comparable quarter. EBITDA for the six months ended June 30, 2000 was $111 million, an 8.9% increase over the $102.0 million in first half of 1999.

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