In Asia, we now have a platform and good strategic partners. However, we believe it's important to walk before we run. We're very focused on execution. We're not the lead in these initial projects; however, we always make sure that we have control over design and leasing. This is a marathon, it is not a sprint.Taubman: A Consistent Dividend Platform Taubman Centers, founded by A. Alford Taubman in 1950 and public since 1992, is less than a month away from celebrating its 20-year anniversary as a REIT. The Bloomfield Hills-based company has maintained a consistent cash payout history during the Great Recession and Taubman was one of a handful of U.S. REITs that were not forced to sell assets of raise equity in 2009 or 2010. The company's two-decade record was recently explained by the company's CEO Bobby Taubman, during the recent earnings call:
In less than a month, on November 20th, we will have been a REIT for 20 years. As we approach this anniversary, I'm very pleased to say that as of the end of September, our company's total shareholder return for both the 10- and 15-year periods was number one among all U.S. REITs operating during those periods. We've also done very well on our one, three and five-year bases. We're proud of this consistent performance. And we'd like to thank the many employees and shareholders who have supported us over now these 20 years.