Current report filing

Earnings Per Unit of the Operating Partnership (Details)

v3.23.3
Earnings Per Unit of the Operating Partnership (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Numerator:        
Net income attributable to partners of the Operating Partnership $ 27,624 $ 23,276 $ 75,367 $ 63,699
Less allocation of earnings to participating securities (414) (232) (854) (669)
Net income (loss) available to common shareholders/unitholders $ 27,210 $ 23,044 $ 74,513 $ 63,030
Denominator:        
Basic weighted average common shares (in shares) 104,461,000 103,749,000 104,308,000 103,655,000
Effect of notional units (in shares) 1,026,000 527,000 898,000 473,000
Effect of outstanding options (in shares) 832,000 661,000 783,000 701,000
Diluted weighted average common shares (in shares) 106,319,000 104,937,000 105,989,000 104,829,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.71 $ 0.61
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.70 $ 0.60
Effect of notional units (in shares) 0 601,000    
Anti-dilutive options excluded (in shares) 333,300 274,000    
Tanger Properties Limited Partnership        
Numerator:        
Net income attributable to partners of the Operating Partnership $ 28,877 $ 24,345 $ 78,789 $ 66,626
Less allocation of earnings to participating securities (414) (232) (854) (669)
Net income (loss) available to common shareholders/unitholders $ 28,463 $ 24,113 $ 77,935 $ 65,957
Denominator:        
Basic weighted average common shares (in shares) 109,199,000 108,511,000 109,046,000 108,417,000
Effect of notional units (in shares) 1,026,000 527,000 898,000 473,000
Effect of outstanding options (in shares) 832,000 661,000 783,000 701,000
Diluted weighted average common shares (in shares) 111,057,000 109,699,000 110,727,000 109,591,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.71 $ 0.61
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.70 $ 0.60
Effect of notional units (in shares) 0 601,000    
Anti-dilutive options excluded (in shares)   274,000