Nov. 19, 2014, 10:20 AM
- Macerich (MAC +7.2%) climbs sharply after Simon Property (SPG -0.5%) earlier disclosed a 3.6% stake in the company and indicated it's interested in going over 5%.
- Simon, of course, recently became more laser-focused on large enclosed malls after spinning off Washington Prime - its strip center and smaller mall business.
- Might Taubman Centers (TCO +2.2%) be another target? It's rising alongside Macerich in early action.
Oct. 21, 2011, 3:31 PMLuxury-mall owner Taubman Centers (TCO +3.7%) is trading higher after its Q3 beat across the board on stronger-than-expected revenue from higher rent and occupancy rates. The company also raises its FY11 guidance for funds from operations, now saying it expects to earn between $2.95 - $3.00 per share. | Comment!
TCO vs. ETF Alternatives
Taubman Centers, Inc. operates as a self-administered and self-managed real estate investment trust. The Company owns, manages, leases, acquires, develops, and expands regional and super-regional retail shopping centers.
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