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Stock Market & Financial Investment News

News Breaks
January 31, 2014
08:32 EDTTCO, SPGTaubman Centers sells Long Island, Arizona land to Simon Property
Taubman Centers (TCO) announced the completion of the sale of land owned by Taubman in Syosset, New York, and Taubman's interest in Arizona Mills to Simon Property (SPG). The consideration, excluding transaction costs, consisted of $60M of cash and 555,150 partnership units in Simon Property Group Limited Partnership. The number of partnership units issued was determined based on a value of $154.91 per unit. As part of the sale, Taubman will be relieved of its $84M share of the current $167M mortgage loan on Arizona Mills, bringing the transaction's total value to $230M.
News For TCO;SPG From The Last 14 Days
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July 24, 2015
07:03 EDTSPGSimon Property raises FY15 FFO to $10.02-$10.07 from $9.60-$9.70
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07:02 EDTSPGSimon Property reports US Malls occupancy of 96.1% as of June 30
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07:02 EDTSPGSimon Property reports Q2 FFO $2.63, consensus $2.37
Included in the second quarter 2015 results is $80.2 million, or $0.22 per diluted share, related to a gain upon sale of marketable securities. Reports Q2 revenue $1.35B, consensus $1.24B. Growth in comparable FFO per diluted share for the three months ended June 30, 2015 was 14.2%.
July 23, 2015
15:05 EDTSPGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).

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