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BLOOMFIELD HILLS, MI-Taubman Centers says it is enjoying strong rental rates and an increase in occupancy at its 22 shopping centers in 10 states around the nation.
The locally based REIT said Friday that second quarter FFO increased to 49 cents per share from 46 cents in the same quarter last year. Still though, Taubman said it reported a net loss in the quarter of $4.5 million, compared to a loss of $3.9 million in the same period a year earlier.
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