Taubman Centers, Inc. · Bloomfield Hills, MI United States ·(NYSE: TCO)
Company Description
Phone: 248-258-6800
Fax: 248-258-7697
View Taubman Centers, Inc. Locations On A US Map
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This link will open in a new window Taubman's favorite seasonal activity must be holiday shopping. The real estate investment trust (REIT), through its majority-owned operating partnership, acquires, owns, and develops shopping malls. Taubman owns more than 20 properties (mostly super-regional malls with more than 800,000 sq. ft. each) in about 10 states. Its largest tenants include Limited Brands , The Gap , and Forever 21 (though none account for more than 10% of rental revenue). Taubman's Asia/Pacific division in Hong Kong develops malls with local partners. Founder and former chairman Alfred Taubman (of Sotheby's fame) and his family control about one-third of the REIT. To read the full description, subscribe now.
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Key Taubman Centers, Inc. Financials
| Company Type | Public - NYSE: TCO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $671.5 |
| 2008 Employees | 611 |
Taubman Centers, Inc. Executives
15 executives listed for Taubman Centers, Inc.'s Bloomfield Hills, MI location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Robert Taubman | Network |
| Vice Chairman and CFO | Lisa Payne | Network |
| COO and Director | William Taubman | Network |
Competition
Competitive Landscape for Taubman Centers, Inc.
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Taubman Centers, Inc. Competitors
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