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
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rental revenues $ 97,467 $ 108,558
Management, leasing and other services 1,372 1,443
Tanger Factory Outlet Centers, Inc. [Member]    
Revenues:    
Rental revenues 97,467 108,558
Management, leasing and other services 1,372 1,443
Other revenues 1,855 1,632
Total revenues 100,694 111,633
Expenses:    
Property operating 35,311 38,627
General and administrative 16,793 12,584
Impairment charge 0 45,675
Depreciation and amortization 28,150 29,417
Total expenses 80,254 126,303
Other income (expense):    
Interest expense (14,362) (15,196)
Other income (expense) (3,505) 220
Total other income (expense) (17,867) (14,976)
Income (loss) before equity in earnings of unconsolidated joint ventures 2,573 (29,646)
Equity in earnings of unconsolidated joint ventures 1,769 1,527
Net income (loss) 4,342 (28,119)
Noncontrolling interests in Operating Partnership (209) 1,427
Noncontrolling interests in other consolidated partnerships 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 4,133 $ (26,882)
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.04 $ (0.30)
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.04 $ (0.30)
Tanger Properties Limited Partnership [Member]    
Revenues:    
Rental revenues $ 97,467 $ 108,558
Management, leasing and other services 1,372 1,443
Other revenues 1,855 1,632
Total revenues 100,694 111,633
Expenses:    
Property operating 35,311 38,627
General and administrative 16,793 12,584
Impairment charge 0 45,675
Depreciation and amortization 28,150 29,417
Total expenses 80,254 126,303
Other income (expense):    
Interest expense (14,362) (15,196)
Other income (expense) (3,505) 220
Total other income (expense) (17,867) (14,976)
Income (loss) before equity in earnings of unconsolidated joint ventures 2,573 (29,646)
Equity in earnings of unconsolidated joint ventures 1,769 1,527
Net income (loss) 4,342 (28,119)
Noncontrolling interests in consolidated partnerships 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 4,342 (28,309)
Net income (loss) available to limited partners 4,295 (28,020)
Net income (loss) available to general partner $ 47 $ (289)
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.04 $ (0.30)
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.04 $ (0.30)