Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS??? EQUITY

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
Total
Equity attributable to Tanger Factory Outlet Centers, Inc.
Common shares
Paid in capital
Accumulated distributions in excess of earnings
Accumulated other comprehensive income
Noncontrolling Interests
Noncontrolling interests in Operating Partnership
Noncontrolling Interests
Noncontrolling interests in other consolidated partnerships
Beginning Balance at Dec. 31, 2022 $ 513,934,000 $ 491,643,000 $ 1,045,000 $ 987,192,000 $ (485,557,000) $ (11,037,000) $ 22,291,000 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 50,160,000 47,743,000     47,743,000   2,169,000 248,000
Other comprehensive income (loss) (2,410,000) (2,305,000)       (2,305,000) (105,000)  
Compensation under Incentive Award Plan 5,775,000 5,775,000   5,775,000        
Issuance of common shares upon exercise of options 43,000 43,000   43,000        
Grant of restricted common shares awards, net of forfeitures (1,000) (1,000) 10,000 (11,000)        
Withholding of common shares for employee income taxes (6,843,000) (6,843,000) (3,000) (6,840,000)        
Adjustment for noncontrolling interests in other consolidated partnerships 0 313,000   313,000     (313,000)  
Common dividends (50,459,000) (50,459,000)     (50,459,000)   0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (2,456,000)           (2,208,000) (248,000)
Ending Balance at Jun. 30, 2023 507,743,000 485,909,000 1,052,000 986,472,000 (488,273,000) (13,342,000) 21,834,000 0
Beginning Balance at Mar. 31, 2023 506,306,000 484,509,000 1,053,000 984,254,000 (486,639,000) (14,159,000) 21,797,000 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 25,300,000 24,202,000     24,202,000   1,098,000 0
Other comprehensive income (loss) 854,000 817,000       817,000 37,000  
Compensation under Incentive Award Plan 3,452,000 3,452,000   3,452,000        
Issuance of common shares upon exercise of options 28,000 28,000   28,000        
Forfeiture of restricted common share awards (1,000) (1,000) (1,000)          
Withholding of common shares for employee income taxes (1,194,000) (1,194,000) 0 (1,194,000)        
Adjustment for noncontrolling interests in other consolidated partnerships 0 (68,000)   (68,000)     68,000  
Common dividends (25,836,000) (25,836,000)     (25,836,000)   0  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (1,166,000)           (1,166,000) 0
Ending Balance at Jun. 30, 2023 507,743,000 485,909,000 1,052,000 986,472,000 (488,273,000) (13,342,000) 21,834,000 0
Beginning Balance at Dec. 31, 2023 591,313,000 566,785,000 1,088,000 1,079,387,000 (490,171,000) (23,519,000) 24,528,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 49,221,000 47,253,000     47,253,000   2,048,000 (80,000)
Other comprehensive income (loss) 2,975,000 2,852,000       2,852,000 123,000  
Compensation under Incentive Award Plan 6,258,000 6,258,000   6,258,000        
Issuance of common shares upon exercise of options 533,000 533,000   533,000        
Grant of restricted common shares awards, net of forfeitures     8,000 (8,000)        
Issuance of deferred shares 0   1,000 (1,000)        
Withholding of common shares for employee income taxes (10,524,000) (10,524,000) (3,000) (10,521,000)        
Contributions from noncontrolling interests 80,000             $ 80,000
Adjustment for noncontrolling interests in other consolidated partnerships 0 254,000   254,000     (254,000)  
Common dividends (59,671,000) (59,671,000)     (59,671,000)      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (2,605,000)           (2,605,000)  
Ending Balance at Jun. 30, 2024 577,580,000 553,740,000 1,094,000 1,075,902,000 (502,589,000) (20,667,000) 23,840,000  
Beginning Balance at Mar. 31, 2024 579,723,000 555,797,000 1,094,000 1,073,313,000 (497,330,000) (21,280,000) 23,926,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 25,915,000 24,840,000     24,840,000   1,075,000  
Other comprehensive income (loss) 640,000 613,000       613,000 27,000  
Compensation under Incentive Award Plan 2,687,000 2,687,000   2,687,000        
Issuance of common shares upon exercise of options 95,000 95,000   95,000        
Adjustment for noncontrolling interests in other consolidated partnerships 0 (193,000)   (193,000)     193,000  
Common dividends (30,099,000) (30,099,000)     (30,099,000)      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (1,381,000)           (1,381,000)  
Ending Balance at Jun. 30, 2024 $ 577,580,000 $ 553,740,000 $ 1,094,000 $ 1,075,902,000 $ (502,589,000) $ (20,667,000) $ 23,840,000