Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Management, leasing and other services $ 613 $ 579
Tanger Factory Outlet Centers, Inc. [Member]    
Revenues:    
Base rentals 81,533 80,330
Percentage rentals 1,429 1,855
Expense reimbursements 38,280 36,598
Management, leasing and other services 613 579
Other income 1,680 2,006
Total revenues 123,535 121,368
Expenses:    
Property operating 42,218 40,387
General and administrative 11,112 11,412
Abandoned pre-development costs 0 627
Depreciation and amortization 33,123 31,294
Total expenses 86,453 83,720
Operating income 37,082 37,648
Other income (expense):    
Interest expense (15,800) (16,487)
Other non-operating income (expense) 209 35
Income before equity in earnings of unconsolidated joint ventures 21,491 21,196
Equity in earnings of unconsolidated joint ventures 2,194 2,318
Net income 23,685 23,514
Noncontrolling interests in Operating Partnership (1,217) (1,178)
Noncontrolling interests in other consolidated partnerships 370 0
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 22,838 $ 22,336
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.24 $ 0.23
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.24 0.23
Dividends declared per common share (in dollars per share) $ 0.3425 $ 0.325
Tanger Properties Limited Partnership [Member]    
Revenues:    
Base rentals $ 81,533 $ 80,330
Percentage rentals 1,429 1,855
Expense reimbursements 38,280 36,598
Management, leasing and other services 613 579
Other income 1,680 2,006
Total revenues 123,535 121,368
Expenses:    
Property operating 42,218 40,387
General and administrative 11,112 11,412
Abandoned pre-development costs 0 627
Depreciation and amortization 33,123 31,294
Total expenses 86,453 83,720
Operating income 37,082 37,648
Other income (expense):    
Interest expense (15,800) (16,487)
Other non-operating income (expense) 209 35
Income before equity in earnings of unconsolidated joint ventures 21,491 21,196
Equity in earnings of unconsolidated joint ventures 2,194 2,318
Net income 23,685 23,514
Noncontrolling interests in consolidated partnerships 370 0
Net income attributable to Tanger Factory Outlet Centers, Inc. 24,055 23,514
Net income available to limited partners 23,814 23,281
Net income available to general partner $ 241 $ 233
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.24 $ 0.23
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.24 0.23
Dividends declared per common share (in dollars per share) $ 0.3425 $ 0.325