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  "documentTitle": "Taubman Centers, Inc. (TCO)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Land and Buildings",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-11-13 00:00:00",
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  "pageNumber": 2,
  "pageCount": 30,
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  "slideType": "expose_contradiction",
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  "density": "dense",
  "nDataPoints": 7,
  "notes": "Uses a dual-axis chart to overlay operational metrics (bars) against a stock price index (line).",
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      "kind": "callout",
      "text": "Despite the solid fundamentals, Class A Mall REIT stocks have declined 11% throughout the year",
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      "kind": "chart",
      "text": "Stock Price Decline Despite Solid 3Q17 Operating Metrics Among Class A Mall REITs",
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      "kind": "list",
      "text": "3.3% Sales Growth\n2.4% Base Rent Growth\n1.5% Same Store NOI Growth\n12.0% Re-leasing Spreads",
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      "kind": "metric",
      "text": "SSNOI Growth: 1.5%",
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      "kind": "paragraph",
      "text": "Class A Mall REITs boasted solid operating metrics in the third quarter while the stocks continued to sink",
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      "kind": "source-note",
      "text": "Source: Company website, Wall Street research, Land & Buildings' research. Notes: Class A Mall REITs defined by Land & Buildings as Taubman Centers, GGP, Inc., The Macerich Company, and Simon Property Group Inc.",
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      "kind": "title",
      "text": "Class A Mall Growth Drawing Value Investors as Share Prices Sink",
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      "evidence": "Slides 2-5 expose contradictions in the market's perception of Class A Malls.",
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