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 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental revenues $ 115,050   $ 347,389  
Management, leasing and other services 1,356 $ 1,239 3,943 $ 3,580
Other income (expense):        
Gain on sale of assets     43,422  
Tanger Factory Outlet Centers, Inc. [Member]        
Revenues:        
Rental revenues 115,050 120,277 347,389 357,450
Management, leasing and other services 1,356 1,239 3,943 3,580
Other revenues 2,588 2,720 6,524 6,452
Total revenues 118,994 124,236 357,856 367,482
Expenses:        
Property operating 39,149 39,653 118,252 119,817
General and administrative 12,292 10,752 40,910 32,861
Impairment charge 0 49,739 0 49,739
Depreciation and amortization 30,103 32,850 93,009 98,667
Total expenses 81,544 132,994 252,171 301,084
Other income (expense):        
Interest expense (15,197) (16,367) (46,638) (48,348)
Gain on sale of assets 0 0 43,422 0
Other income (expense) 227 261 (2,966) 661
Total other income (expense) (14,970) (16,106) (6,182) (47,687)
Income (loss) before equity in earnings of unconsolidated joint ventures 22,480 (24,864) 99,503 18,711
Equity in earnings of unconsolidated joint ventures 2,329 1,833 5,604 6,233
Net income (loss) 24,809 (23,031) 105,107 24,944
Noncontrolling interests in Operating Partnership (1,263) 1,172 (5,308) (1,274)
Noncontrolling interests in other consolidated partnerships 0 0 (195) 278
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 23,546 $ (21,859) $ 99,604 $ 23,948
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.25 $ (0.24) $ 1.06 $ 0.25
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.25 $ (0.24) $ 1.06 $ 0.25
Tanger Properties Limited Partnership [Member]        
Revenues:        
Rental revenues $ 115,050 $ 120,277 $ 347,389 $ 357,450
Management, leasing and other services 1,356 1,239 3,943 3,580
Other revenues 2,588 2,720 6,524 6,452
Total revenues 118,994 124,236 357,856 367,482
Expenses:        
Property operating 39,149 39,653 118,252 119,817
General and administrative 12,292 10,752 40,910 32,861
Impairment charge 0 49,739 0 49,739
Depreciation and amortization 30,103 32,850 93,009 98,667
Total expenses 81,544 132,994 252,171 301,084
Other income (expense):        
Interest expense (15,197) (16,367) (46,638) (48,348)
Gain on sale of assets 0 0 43,422 0
Other income (expense) 227 261 (2,966) 661
Total other income (expense) (14,970) (16,106) (6,182) (47,687)
Income (loss) before equity in earnings of unconsolidated joint ventures 22,480 (24,864) 99,503 18,711
Equity in earnings of unconsolidated joint ventures 2,329 1,833 5,604 6,233
Net income (loss) 24,809 (23,031) 105,107 24,944
Noncontrolling interests in consolidated partnerships 0 0 (195) 278
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 24,809 (23,031) 104,912 25,222
Net income (loss) available to limited partners 24,556 (22,798) 103,850 24,970
Net income (loss) available to general partner $ 253 $ (233) $ 1,062 $ 252
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.25 $ (0.24) $ 1.06 $ 0.25
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.25 $ (0.24) $ 1.06 $ 0.25