Taubman Centers: Portfolio Realignment Should Drive Further Dividend Growth On An 8% Yield

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About: Taubman Centers, Inc. (TCO)
by: Arturo Neto, CFA
This article is exclusive for subscribers.
Arturo Neto, CFA
Registered Investment Advisor, REITs, Dividend Growth Investing, portfolio strategy
Summary

Retail REITs are facing significant headwinds that are not going to end soon and it's quite certain that only the fittest players are going to weather the storm.

The fine tuning of its portfolio should position it well both in the US and Asia, despite economic and political headwinds.

At a price/AFFO of 13, the stock is trading well below its long-term average of 25 despite renewed growth in FFO.

Retail REITs are facing significant headwinds that are not going to end soon and it's quite certain that only the fittest players are going to weather the storm. Taubman Centers Inc. (TCO) is