Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Management, leasing and other services $ 579 $ 1,121
Tanger Factory Outlet Centers, Inc [Member]    
Revenues:    
Base rentals 80,330 72,623
Percentage rentals 1,855 2,150
Expense reimbursements 36,598 33,242
Management, leasing and other services 579 1,121
Other income 2,006 1,669
Total revenues 121,368 110,805
Expenses:    
Property operating 40,387 37,874
General and administrative 11,412 11,565
Abandoned pre-development costs 627 0
Depreciation and amortization 31,294 26,567
Total expenses 83,720 76,006
Operating income 37,648 34,799
Other income (expense):    
Interest expense (16,487) (14,884)
Gain on sale of assets 0 4,887
Other non-operating income (expense) 35 316
Income before equity in earnings of unconsolidated joint ventures 21,196 25,118
Equity in earnings of unconsolidated joint ventures 2,318 3,499
Net income 23,514 28,617
Noncontrolling interests in Operating Partnership (1,178) (1,444)
Noncontrolling interests in other consolidated partnerships 0 (23)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 22,336 $ 27,150
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.23 $ 0.28
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.23 0.28
Dividends declared per commons share (in dollars per share) $ 0.325 $ 0.285
Tanger Properties Limited Partnership [Member]    
Revenues:    
Base rentals $ 80,330 $ 72,623
Percentage rentals 1,855 2,150
Expense reimbursements 36,598 33,242
Management, leasing and other services 579 1,121
Other income 2,006 1,669
Total revenues 121,368 110,805
Expenses:    
Property operating 40,387 37,874
General and administrative 11,412 11,565
Abandoned pre-development costs 627 0
Depreciation and amortization 31,294 26,567
Total expenses 83,720 76,006
Operating income 37,648 34,799
Other income (expense):    
Interest expense (16,487) (14,884)
Gain on sale of assets 0 4,887
Other non-operating income (expense) 35 316
Income before equity in earnings of unconsolidated joint ventures 21,196 25,118
Equity in earnings of unconsolidated joint ventures 2,318 3,499
Net income 23,514 28,617
Noncontrolling interests in consolidated partnerships 0 (23)
Net income attributable to Tanger Factory Outlet Centers, Inc. 23,514 28,594
Net income available to limited partners 23,281 28,311
Net income available to general partner $ 233 $ 283
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.23 $ 0.28
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.23 0.28
Distribution declared per common unit (in dollars per share) $ 0.325 $ 0.285