Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.23.1
Earnings Per Unit of the Operating Partnership (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):
Three months ended March 31,
  2023 2022
Numerator:
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 23,541  $ 20,518 
Less allocation of earnings to participating securities (199) (215)
Net income available to common shareholders of Tanger Factory Outlet Centers, Inc. $ 23,342  $ 20,303 
Denominator:
Basic weighted average common shares 104,088  103,520 
Effect of notional units 693  802 
Effect of outstanding options 741  736 
Diluted weighted average common shares 105,522  105,058 
Basic earnings per common share:
Net income $ 0.22  $ 0.20 
Diluted earnings per common share:
Net income $ 0.22  $ 0.19 
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):
Three months ended March 31,
  2023 2022
Numerator:  
Net income attributable to partners of the Operating Partnership $ 24,612  $ 21,462 
Less allocation of earnings to participating securities (199) (215)
Net income available to common unitholders of the Operating Partnership $ 24,413  $ 21,247 
Denominator:
Basic weighted average common units 108,826  108,282 
Effect of notional units 693  802 
Effect of outstanding options 741  736 
Diluted weighted average common units 110,260  109,820 
Basic earnings per common unit:
Net income $ 0.22  $ 0.20 
Diluted earnings per common unit:
Net income $ 0.22  $ 0.19