NEW YORK — Taubman Centers Inc. on Monday reported split fourth-quarter results — a 22.1 percent drop in net income combined with a 21.3 percent surge in funds from operations, a common measuring tool among real estate investment trusts (REITs).
For the three months ended Dec. 31, net income fell to $2.8 million, translating to a loss of 3 cents per share after distribution of preferred dividends, from net income of $3.6 million, or a 1 cent loss, in the year-ago quarter.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)