CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Rental revenues (Note 1)	$ 122,817,000	$ 141,213,000	$ 377,693,000	$ 432,508,000
Overage rents	540,000	3,865,000	5,506,000	8,719,000
Management, leasing, and development services	440,000	1,927,000	1,830,000	4,035,000
Other (Note 1)	7,201,000	15,501,000	23,963,000	39,056,000
Total Revenues	130,998,000	162,506,000	408,992,000	484,318,000
Expenses:
Maintenance, taxes, utilities, and promotion	37,053,000	40,786,000	110,315,000	118,506,000
Other operating	13,289,000	19,753,000	44,223,000	60,210,000
Management, leasing, and development services	435,000	1,895,000	1,587,000	2,917,000
General and administrative	7,048,000	9,632,000	22,587,000	26,762,000
Restructuring charges (Note 1)	2,395,000	876,000	2,757,000	1,585,000
Simon Property Group, Inc. transaction costs (Note 1)	17,060,000		32,505,000
Costs associated with shareholder activism (Note 1)	0	675,000	0	16,675,000
Interest expense	33,052,000	37,695,000	101,254,000	112,590,000
Depreciation and amortization	49,235,000	47,849,000	162,769,000	137,064,000
Operating Expenses	159,567,000	159,161,000	477,997,000	476,309,000
Nonoperating income, net (Notes 9 and 11)	1,694,000	11,108,000	1,332,000	26,468,000
Income (loss) before income tax expense, equity in income (loss) of UJVs, gains on partial dispositions of ownership interests in UJVs, net of tax, and gains on remeasurements of ownership interests in UJVs	(26,875,000)	14,453,000	(67,673,000)	34,477,000
Income tax expense (Note 3)	(37,000)	(2,021,000)	(545,000)	(4,924,000)
Equity in income (loss) of UJVs (Note 4)	(9,736,000)	20,252,000	836,000	49,746,000
Income (loss) before gains on partial dispositions of ownership interests in UJVs, net of tax, and gains on remeasurements of ownership interests in UJVs	(36,648,000)	32,684,000	(67,382,000)	79,299,000
Gains on partial dispositions of ownership interests in UJVs, net of tax (Note 2)	0	138,696,000	11,277,000	138,696,000
Gains on remeasurements of ownership interests in UJVs (Note 2)	0	145,010,000	14,146,000	145,010,000
Net income (loss)	(36,648,000)	316,390,000	(41,959,000)	363,005,000
Net (income) loss attributable to noncontrolling interests (Note 6)	12,360,000	(94,648,000)	15,638,000	(107,118,000)
Net income (loss) attributable to Taubman Centers, Inc.	(24,288,000)	221,742,000	(26,321,000)	255,887,000
Distributions to participating securities of TRG (Notes 1 and 8)		(597,000)	(595,000)	(1,817,000)
Preferred stock dividends	(5,784,000)	(5,784,000)	(17,353,000)	(17,353,000)
Net income (loss) attributable to Taubman Centers, Inc. common shareholders	(30,072,000)	215,361,000	(44,269,000)	236,717,000
Other comprehensive income (loss) (Note 12):
Unrealized loss on interest rate instruments	(38,000)	(1,864,000)	(20,149,000)	(16,285,000)
Cumulative translation adjustment	14,521,000	(9,952,000)	4,901,000	(20,463,000)
Reclassification adjustment for amounts recognized in net income (loss)	3,819,000	(396,000)	7,873,000	(2,242,000)
Other comprehensive income (loss)	18,302,000	(12,212,000)	(7,375,000)	(38,990,000)
Comprehensive income (loss)	(18,346,000)	304,178,000	(49,334,000)	324,015,000
Comprehensive (income) loss attributable to noncontrolling interests	6,912,000	(93,435,000)	16,639,000	(97,829,000)
Comprehensive income (loss) attributable to Taubman Centers, Inc.	$ (11,434,000)	$ 210,743,000	$ (32,695,000)	$ 226,186,000
Basic earnings (loss) per common share (Note 10)	$ (0.49)	$ 3.52	$ (0.72)	$ 3.87
Diluted earnings (loss) per common share (Note 10)	$ (0.49)	$ 3.48	$ (0.72)	$ 3.84
Weighted average number of common shares outstanding – basic	61,696,565	61,211,249	61,512,816	61,169,279

TAUBMAN CENTERS INC 10-Q