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 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental revenues $ 112,385   $ 232,339  
Management, leasing and other services 1,245 $ 1,142 2,587 $ 2,340
Tanger Factory Outlet Centers, Inc. [Member]        
Revenues:        
Rental revenues 112,385 116,518 232,339 237,174
Management, leasing and other services 1,245 1,142 2,587 2,340
Other revenues 2,077 2,051 3,936 3,732
Total revenues 115,707 119,711 238,862 243,246
Expenses:        
Property operating 36,726 37,946 79,103 80,164
General and administrative 16,473 10,997 28,618 22,109
Depreciation and amortization 31,146 32,694 62,906 65,817
Total expenses 84,345 81,637 170,627 168,090
Other income (expense):        
Interest expense (15,134) (16,181) (31,441) (31,981)
Gain on sale of assets 0 0 43,422 0
Other income (expense) (3,417) 191 (3,193) 400
Total other income (expense) (18,551) (15,990) 8,788 (31,581)
Income before equity in earnings of unconsolidated joint ventures 12,811 22,084 77,023 43,575
Equity in earnings of unconsolidated joint ventures 1,646 2,206 3,275 4,400
Net income 14,457 24,290 80,298 47,975
Noncontrolling interests in Operating Partnership (730) (1,229) (4,045) (2,446)
Noncontrolling interests in other consolidated partnerships 0 (92) (195) 278
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 13,727 $ 22,969 $ 76,058 $ 45,807
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.15 $ 0.24 $ 0.81 $ 0.48
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.15 $ 0.24 $ 0.81 $ 0.48
Tanger Properties Limited Partnership [Member]        
Revenues:        
Rental revenues $ 112,385 $ 117,080 $ 232,339 $ 238,322
Management, leasing and other services 1,245 630 2,587 1,243
Other revenues 2,077 2,001 3,936 3,681
Total revenues 115,707 119,711 238,862 243,246
Expenses:        
Property operating 36,726 37,946 79,103 80,164
General and administrative 16,473 10,997 28,618 22,109
Depreciation and amortization 31,146 32,694 62,906 65,817
Total expenses 84,345 81,637 170,627 168,090
Other income (expense):        
Interest expense (15,134) (16,181) (31,441) (31,981)
Gain on sale of assets 0 0 43,422 0
Other income (expense) (3,417) 191 (3,193) 400
Total other income (expense) (18,551) (15,990) 8,788 (31,581)
Income before equity in earnings of unconsolidated joint ventures 12,811 22,084 77,023 43,575
Equity in earnings of unconsolidated joint ventures 1,646 2,206 3,275 4,400
Net income 14,457 24,290 80,298 47,975
Noncontrolling interests in consolidated partnerships 0 (92) (195) 278
Net income attributable to Tanger Factory Outlet Centers, Inc. 14,457 24,198 80,103 48,253
Net income available to limited partners 14,311 23,954 79,294 47,768
Net income available to general partner $ 146 $ 244 $ 809 $ 485
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.15 $ 0.24 $ 0.81 $ 0.48
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.15 $ 0.24 $ 0.81 $ 0.48