Taubman Centers, Inc. announced consolidated and unconsolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, on consolidated basis, the company reported total revenue of $172,184,000 against $156,820,000 a year ago. Net income was $38,084,000 against $50,894,000 a year ago. Net income attributable to the company's common shareowners was $20,251,000 against $29,275,000 a year ago. EBITDA was $90,885,000 against $95,380,000 a year ago. Funds from operations attributable to the company's common shareowners were $51,231,000 against $58,983,000 a year ago. Net income attributable to common shareowners per basic and diluted share was $0.33 against $0.48 a year ago. Funds from operations per diluted share were $1.02 against $1.10 a year ago. Adjusted funds from operations attributable to the company's common shareowners were $89,292,000 against $87,849,000 a year ago. Adjusted funds from operations per diluted share were $1.03 against $1.01 a year ago. For the quarter, adjusted FFO was $1.03, up 2%.

For the quarter, on unconsolidated basis, the company reported total revenue of $156,820,000 against $157,571,000 a year ago. EBITDA was $104,296,000 against $100,045,000 a year ago. Funds from operations attributable to the company's common shareowners were $37,389,000 against $36,935,000 a year ago.

For the year, on consolidated basis, the company reported total revenue of $629,165,000 against $586,039,000 a year ago. Net income was $112,757,000 against $188,151,000 a year ago. Net income attributable to the company's common shareowners was $55,267,000 against $107,358,000 a year ago. EBITDA was $321,866,000 against $345,086,000 a year ago. Funds from operations attributable to the company's common shareowners were $171,901,000 against $217,476,000 a year ago. Net income attributable to common shareowners per diluted share was $0.91 against $1.77 a year ago. Funds from operations per diluted share were $3.51 against $3.91 a year ago. Adjusted funds from operations attributable to the company's common shareowners were $227,619,000 against $219,390,000 a year ago. Adjusted funds from operations per diluted share were $3.70 against $3.58 a year ago. For the year, adjusted FFO was $3.70, up 3.4%.

For the year, on unconsolidated basis, the company reported total revenue of $586,039,000 against $476,916,000 a year ago. EBITDA was $389,685,000 against $318,217,000 a year ago. Funds from operations attributable to the company's common shareowners were $132,224,000 against $122,713,000 a year ago.

For the year ending December 31, 2018, the company expected FFO per diluted common share to be in the range of $3.72 to $3.86. Net income attributable to common shareholders (EPS) for the year is expected to be in the range of $1.15 to $1.39.

For 2019, the company expects an incremental $150 million to $160 million of NOI in share by the end of '2019.

Full year 2020 NOI to be solidly in the middle of $20 million to $30 million target range.