A portfolio of stocks I've been building since September 3, 2019, is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the third of five real estate sector stocks striving to join my Volio folio. This could be my twenty-seventh pick for Volio!

That real estate sector includes twelve industries all related to real property ownership. Like: Real estate development;  Real estate diversified; Real Estate Services; and nine varieties of real estate investment trusts, or REITs.

My subject today is a mid-cap retail real estate investment trust named, Taubman Centers Inc. Their trading ticker symbol is TCO. This is my first ever report about Taubman Centers Inc.

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia.

Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry.

Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

I use three key data points to gauge dividend equities or funds like Taubman Centers Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

TCO Price

Taubman's price per share closed at $52.32 yesterday. A year ago their price was $51.64. Thus, in the past year, their market price rose $0.68 or 1.3%

Assuming Taubman's stock trades in the range of $48 to $56 this next year, its recent $52.32 price might rise by the same $0.68 as last year to reach $53.00 by March 4, 2021, assuming upward price momentum returns.

TCO Dividends

Taubman's latest declared quarterly dividend was $0.675 paid December 31. That $0.675 Q dividend equates to an annual payout of $2.70 and yields 5.16% at yesterday's $52.32 share price.

TCO Gains?

Adding the $2.70 annual estimated dividend to my $0.68 estimate of Taubman Centers Inc price upside shows a $3.38 potential gross gain, per share, which will be reduced by any costs to trade those shares.

A little over $1,000.00 today invested in Taubman

Centers Inc at its recent $52.32 price, would buy 19 shares of TCO.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.53 per share.

Subtract that $0.53 brokerage cost from the estimated $3.38 gross estimated gain per share results in a net gain of $2.85 X 19 shares = $54.15 or a 5.42% net gain on a $994.08 investment.

Therefore, Taubman Centers Inc, whose trading ticker symbol is TCO shows a possible 5.42% net gain including a 5.16% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Taubman Centers Inc, is worth your time and money.