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Article: Taubman Centers Issues Third Quarter Results.
- Article from:
- PR Newswire
- Article date:
- November 3, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FFO Per Share Increases 10.3 for Quarter, 14.5 for Nine Months
BLOOMFIELD HILLS, Mich., Nov. 3 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) today issued its financial results for the quarter and year-to-date periods ended September 30, 1999.
For the quarter ended September 30, 1999, diluted Funds from Operations (FFO) per share for Taubman Centers increased 10.3 percent to $0.32 compared to $0.29 per share in the third quarter of 1998. Diluted FFO per share for the nine months ended September 30, 1999 was up 14.5 percent to $0.95 compared to $0.83 in 1998.
"We are pleased with our continued earnings growth," said Robert S. Taubman, ...
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