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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental revenues $ 62,273 $ 112,385 $ 170,831 $ 232,339
Management, leasing and other services 724 1,245 2,168 2,587
Tanger Factory Outlet Centers, Inc. [Member]        
Revenues:        
Rental revenues 62,273 112,385 170,831 232,339
Management, leasing and other services 725 1,245 2,168 2,587
Other revenues 992 2,077 2,624 3,936
Total revenues 63,990 115,707 175,623 238,862
Expenses:        
Property operating 28,158 36,726 66,785 79,103
General and administrative 11,566 16,473 24,150 28,618
Impairment charge 0 0 45,675 0
Depreciation and amortization 28,646 31,146 58,063 62,906
Total expenses 68,370 84,345 194,673 170,627
Other income (expense):        
Interest expense (16,943) (15,134) (32,139) (31,441)
Gain on sale of assets 0 0 0 43,422
Other income (expense) 408 (3,417) 628 (3,193)
Total other income (expense) (16,535) (18,551) (31,511) 8,788
Income (loss) before equity in earnings of unconsolidated joint ventures (20,915) 12,811 (50,561) 77,023
Equity in earnings (losses) of unconsolidated joint ventures (2,975) 1,646 (1,448) 3,275
Net income (loss) (23,890) 14,457 (52,009) 80,298
Noncontrolling interests in Operating Partnership 1,202 (730) 2,629 (4,045)
Noncontrolling interests in other consolidated partnerships 0 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ (22,688) $ 13,727 $ (49,570) $ 76,058
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ (0.25) $ 0.15 $ (0.54) $ 0.81
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ (0.25) $ 0.15 $ (0.54) $ 0.81
Tanger Properties Limited Partnership [Member]        
Revenues:        
Rental revenues $ 62,273 $ 112,385 $ 170,831 $ 232,339
Management, leasing and other services 725 1,245 2,168 2,587
Other revenues 992 2,077 2,624 3,936
Total revenues 63,990 115,707 175,623 238,862
Expenses:        
Property operating 28,158 36,726 66,785 79,103
General and administrative 11,566 16,473 24,150 28,618
Impairment charge 0 0 45,675 0
Depreciation and amortization 28,646 31,146 58,063 62,906
Total expenses 68,370 84,345 194,673 170,627
Other income (expense):        
Interest expense (16,943) (15,134) (32,139) (31,441)
Gain on sale of assets 0 0 0 43,422
Other income (expense) 408 (3,417) 628 (3,193)
Total other income (expense) (16,535) (18,551) (31,511) 8,788
Income (loss) before equity in earnings of unconsolidated joint ventures (20,915) 12,811 (50,561) 77,023
Equity in earnings (losses) of unconsolidated joint ventures (2,975) 1,646 (1,448) 3,275
Net income (loss) (23,890) 14,457 (52,009) 80,298
Noncontrolling interests in consolidated partnerships 0 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. (23,890) 14,457 (52,199) 80,103
Net income (loss) available to limited partners (23,649) 14,311 (51,669) 79,294
Net income (loss) available to general partner $ (241) $ 146 $ (530) $ 809
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ (0.25) $ 0.15 $ (0.54) $ 0.81
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ (0.25) $ 0.15 $ (0.54) $ 0.81