Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental revenues $ 463,946,000    
Management, leasing and other services 5,419,000 $ 4,995,000 $ 3,664,000
Expenses:      
Impairment charges     0
Other income (expense):      
Gain on sale of assets 43,422,000    
Tanger Factory Outlet Centers, Inc. [Member]      
Revenues:      
Rental revenues 463,946,000 480,707,000 475,283,000
Management, leasing and other services 5,419,000 4,995,000 3,664,000
Other revenues 8,983,000 8,979,000 9,287,000
Total revenues 478,348,000 494,681,000 488,234,000
Expenses:      
Property operating 157,734,000 160,457,000 155,235,000
General and administrative 53,790,000 44,167,000 44,004,000
Abandoned pre-development costs 0 0 528,000
Impairment charges 37,610,000 49,739,000 0
Depreciation and amortization 123,314,000 131,722,000 127,744,000
Total expenses 372,448,000 386,085,000 327,511,000
Other income (expense):      
Interest expense (61,672,000) (64,821,000) (64,825,000)
Loss on early extinguishment of debt 0 0 (35,626,000)
Gain on sale of assets 43,422,000 0 6,943,000
Other non-operating income (expense) (2,761,000) 864,000 2,724,000
Total other income (expense) (21,011,000) (63,957,000) (90,784,000)
Income before equity in earnings of unconsolidated joint ventures 84,889,000 44,639,000 69,939,000
Equity in earnings of unconsolidated joint ventures 7,839,000 924,000 1,937,000
Net income 92,728,000 45,563,000 71,876,000
Noncontrolling interests in Operating Partnership (4,678,000) (2,329,000) (3,609,000)
Noncontrolling interests in other consolidated partnerships (195,000) 421,000 (265,000)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 87,855,000 $ 43,655,000 $ 68,002,000
Basic earnings per common share:      
Net income (in dollars per share) $ 0.93 $ 0.45 $ 0.71
Diluted earnings per common share:      
Net income (in dollars per share) $ 0.93 $ 0.45 $ 0.71
Tanger Properties Limited Partnership [Member]      
Revenues:      
Rental revenues $ 463,946,000 $ 480,707,000 $ 475,283,000
Management, leasing and other services 5,419,000 4,995,000 3,664,000
Other revenues 8,983,000 8,979,000 9,287,000
Total revenues 478,348,000 494,681,000 488,234,000
Expenses:      
Property operating 157,734,000 160,457,000 155,235,000
General and administrative 53,790,000 44,167,000 44,004,000
Abandoned pre-development costs 0 0 528,000
Impairment charges 37,610,000 49,739,000 0
Depreciation and amortization 123,314,000 131,722,000 127,744,000
Total expenses 372,448,000 386,085,000 327,511,000
Other income (expense):      
Interest expense (61,672,000) (64,821,000) (64,825,000)
Loss on early extinguishment of debt 0 0 (35,626,000)
Gain on sale of assets 43,422,000 0 6,943,000
Other non-operating income (expense) (2,761,000) 864,000 2,724,000
Total other income (expense) (21,011,000) (63,957,000) (90,784,000)
Income before equity in earnings of unconsolidated joint ventures 84,889,000 44,639,000 69,939,000
Equity in earnings of unconsolidated joint ventures 7,839,000 924,000 1,937,000
Net income 92,728,000 45,563,000 71,876,000
Noncontrolling interests in consolidated partnerships (195,000) 421,000 (265,000)
Net income attributable to Tanger Factory Outlet Centers, Inc. 92,533,000 45,984,000 71,611,000
Net income available to limited partners 91,597,000 45,522,000 70,900,000
Net income available to general partner $ 936,000 $ 462,000 $ 711,000
Basic earnings per common share:      
Net income (in dollars per share) $ 0.93 $ 0.45 $ 0.71
Diluted earnings per common share:      
Net income (in dollars per share) $ 0.93 $ 0.45 $ 0.71