Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Details)

v3.23.2
Earnings Per Unit of the Operating Partnership (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Numerator:        
Net income attributable to partners of the Operating Partnership $ 24,202 $ 19,905 $ 47,743 $ 40,423
Less allocation of earnings to participating securities (257) (222) (456) (437)
Net income (loss) available to common shareholders/unitholders $ 23,945 $ 19,683 $ 47,287 $ 39,986
Denominator:        
Basic weighted average common shares (in shares) 104,367,000 103,630,000 104,228,000 103,607,000
Effect of notional units (in shares) 722,000 421,000 668,000 413,000
Effect of outstanding options (in shares) 773,000 703,000 758,000 720,000
Diluted weighted average common shares (in shares) 105,862,000 104,754,000 105,654,000 104,740,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.19 $ 0.45 $ 0.39
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.19 $ 0.45 $ 0.38
Effect of notional units (in shares) 0 961,000    
Anti-dilutive options excluded (in shares) 499,700 282,000    
Tanger Properties Limited Partnership        
Numerator:        
Net income attributable to partners of the Operating Partnership $ 25,300 $ 20,819 $ 49,912 $ 42,281
Less allocation of earnings to participating securities (257) (222) (456) (437)
Net income (loss) available to common shareholders/unitholders $ 25,043 $ 20,597 $ 49,456 $ 41,844
Denominator:        
Basic weighted average common shares (in shares) 109,105,000 108,391,000 108,966,000 108,369,000
Effect of notional units (in shares) 722,000 421,000 668,000 413,000
Effect of outstanding options (in shares) 773,000 703,000 758,000 720,000
Diluted weighted average common shares (in shares) 110,600,000 109,515,000 110,392,000 109,502,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.19 $ 0.45 $ 0.39
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.19 $ 0.45 $ 0.38
Effect of notional units (in shares) 0 961,000    
Anti-dilutive options excluded (in shares) 499,700 282,000