Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Details)

v3.24.3
Earnings Per Unit of the Operating Partnership (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Numerator:        
Net income attributable to partners of the Operating Partnership $ 24,856 $ 27,624 $ 72,109 $ 75,367
Less allocation of earnings to participating securities (232) (414) (692) (854)
Net income (loss) available to common shareholders/unitholders $ 24,624 $ 27,210 $ 71,417 $ 74,513
Denominator:        
Basic weighted average common shares (in shares) 108,972,000 104,461,000 108,675,000 104,308,000
Effect of notional units (in shares) 799,000 1,026,000 746,000 898,000
Effect of outstanding options (in shares) 933,000 832,000 925,000 783,000
Diluted weighted average common shares (in shares) 110,704,000 106,319,000 110,346,000 105,989,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.26 $ 0.66 $ 0.71
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.22 $ 0.26 $ 0.65 $ 0.70
Tanger Properties Limited Partnership        
Numerator:        
Net income attributable to partners of the Operating Partnership $ 25,930 $ 28,877 $ 75,231 $ 78,789
Less allocation of earnings to participating securities (232) (414) (692) (854)
Net income (loss) available to common shareholders/unitholders $ 25,698 $ 28,463 $ 74,539 $ 77,935
Denominator:        
Basic weighted average common shares (in shares) 113,680,000 109,199,000 113,383,000 109,046,000
Effect of notional units (in shares) 799,000 1,026,000 746,000 898,000
Effect of outstanding options (in shares) 933,000 832,000 925,000 783,000
Diluted weighted average common shares (in shares) 115,412,000 111,057,000 115,054,000 110,727,000
Basic earnings per common share/unit:        
Net income (loss) (in dollars per share) $ 0.23 $ 0.26 $ 0.66 $ 0.71
Diluted earnings per common unit:        
Net income (loss) (in dollars per share) $ 0.22 $ 0.26 $ 0.65 $ 0.70
Notional Units        
Diluted earnings per common unit:        
Anti-dilutive options excluded (in shares) 120,000 0 120,000 0
Notional Units | Tanger Properties Limited Partnership        
Diluted earnings per common unit:        
Anti-dilutive options excluded (in shares) 120,000 0 120,000  
Options        
Diluted earnings per common unit:        
Anti-dilutive options excluded (in shares) 0   0  
Options | Tanger Properties Limited Partnership        
Diluted earnings per common unit:        
Anti-dilutive options excluded (in shares)   333,300 0 475,200