Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S.
6 star dividend payer and fair value.
Share Price & News
How has Taubman Centers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCO.PRK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TCO.PRK exceeded the US REITs industry which returned -23.9% over the past year.
Return vs Market: TCO.PRK underperformed the US Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Taubman Centers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Taubman Centers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TCO.PRK ($21.1) is trading below our estimate of fair value ($33.92)
Significantly Below Fair Value: TCO.PRK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCO.PRK is good value based on its PE Ratio (13.3x) compared to the REITs industry average (23x).
PE vs Market: TCO.PRK is poor value based on its PE Ratio (13.3x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: TCO.PRK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TCO.PRK has negative assets, so we can't compare its PB Ratio to the US REITs industry average.
How is Taubman Centers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCO.PRK's earnings are forecast to decline over the next 3 years (-107% per year).
Earnings vs Market: TCO.PRK's earnings are forecast to decline over the next 3 years (-107% per year).
High Growth Earnings: TCO.PRK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TCO.PRK's revenue (1.5% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: TCO.PRK's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TCO.PRK's Return on Equity is forecast to be high in 3 years time
How has Taubman Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCO.PRK has a large one-off gain of $251.6M impacting its December 31 2019 financial results.
Growing Profit Margin: TCO.PRK's current net profit margins (30.8%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: TCO.PRK's earnings have declined by -46.3% per year over the past 5 years.
Accelerating Growth: TCO.PRK's earnings growth over the past year (251.9%) exceeds its 5-year average (-46.3% per year).
Earnings vs Industry: TCO.PRK earnings growth over the past year (251.9%) exceeded the REITs industry 4.3%.
Return on Equity
High ROE: TCO.PRK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Taubman Centers's financial position?
Financial Position Analysis
Short Term Liabilities: TCO.PRK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TCO.PRK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TCO.PRK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TCO.PRK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TCO.PRK's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: TCO.PRK's interest payments on its debt are not well covered by EBIT (1.2x coverage).
What is Taubman Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TCO.PRK's dividend (6.08%) is higher than the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: TCO.PRK's dividend (6.08%) is in the top 25% of dividend payers in the US market (5.66%)
Stability and Growth of Payments
Stable Dividend: TCO.PRK's dividends per share have been stable in the past 10 years.
Growing Dividend: TCO.PRK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61%), TCO.PRK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TCO.PRK's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bobby Taubman (65yo)
Mr. Robert S. Taubman, also known as Bobby, has been the Chief Executive Officer and President at Taubman Centers, Inc. since September 1990 and served as its Chairman of the Board since December 2001 unti ...
CEO Compensation Analysis
Compensation vs Market: Bobby's total compensation ($USD1.84M) is below average for companies of similar size in the US market ($USD5.69M).
Compensation vs Earnings: Bobby's compensation has been consistent with company performance over the past year.
|Executive VP||4.25yrs||US$2.59m||0.036% $1.4m|
|Chief Operating Officer||14.83yrs||US$1.21m||0.40% $15.7m|
|President of Taubman Asia||0.25yr||US$2.21m||0.025% $962.8k|
|Director of Investor Relations & Interim CAO||1.42yrs||no data||no data|
|Chief Technology Officer & Senior VP of Information Technology||6.25yrs||no data||no data|
|Executive VP of Legal||no data||no data||no data|
|Director of Strategic Communications||no data||no data||no data|
|Vice President of Marketing & Sponsorship||no data||no data||no data|
|Senior VP of Human Resources & Chief Human Resources Officer||9.25yrs||no data||no data|
Experienced Management: TCO.PRK's management team is seasoned and experienced (6.3 years average tenure).
|Interim Head of U.S. Development and Chairman of Taubman Asia Management Limited||3.25yrs||US$2.25m||no data|
|Lead Director||3.33yrs||US$240.00k||0.025% $954.6k|
|Independent Director||12.33yrs||US$233.00k||no data|
|Independent Director||0.92yr||no data||no data|
|Independent Director||2.25yrs||US$204.00k||0.0082% $317.4k|
|Independent Director||2.25yrs||US$199.50k||0.016% $615.4k|
|Independent Director||1.25yrs||no data||no data|
|Independent Director||1.25yrs||no data||0.0027% $107.0k|
|Independent Director||3.33yrs||US$211.50k||0.0065% $254.0k|
Experienced Board: TCO.PRK's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Taubman Centers, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Taubman Centers, Inc.
- Ticker: TCO.PRK
- Exchange: NYSE
- Founded: 1950
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$3.890b
- Market Cap: US$2.718b
- Shares outstanding: 87.65m
- Website: https://www.taubman.com
Number of Employees
- Taubman Centers, Inc.
- 200 East Long Lake Road
- Suite 300
- Bloomfield Hills
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 1992|
|TU8||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1992|
|0LDD||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Nov 1992|
|TCO.PRJ||NYSE (New York Stock Exchange)||PFD-J||US||USD||Aug 2012|
|TCO.PRK||NYSE (New York Stock Exchange)||PFD SER K||US||USD||Mar 2013|
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 09:00|
|End of Day Share Price||2020/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.