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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental revenues $ 96,824 $ 62,273 $ 194,291 $ 170,831
Management, leasing and other services 1,359 725 2,731 2,168
Tanger Factory Outlet Centers, Inc. [Member]        
Revenues:        
Rental revenues 96,824 62,273 194,291 170,831
Management, leasing and other services 1,359 725 2,731 2,168
Other revenues 3,090 992 4,945 2,624
Total revenues 101,273 63,990 201,967 175,623
Expenses:        
Property operating 31,250 28,158 66,561 66,785
General and administrative 15,700 11,566 32,493 24,150
Impairment charge 0 0 0 45,675
Depreciation and amortization 27,732 28,646 55,882 58,063
Total expenses 74,682 68,370 154,936 194,673
Other income (expense):        
Interest expense (13,338) (16,943) (27,700) (32,139)
Loss on early extinguishment of debt (14,039) 0 (14,039) 0
Other income (expense) 654 408 (2,851) 628
Total other income (expense) (26,723) (16,535) (44,590) (31,511)
Income (loss) before equity in earnings (losses) of unconsolidated joint ventures (132) (20,915) 2,441 (50,561)
Equity in earnings (losses) of unconsolidated joint ventures 2,728 (2,975) 4,497 (1,448)
Net income (loss) 2,596 (23,890) 6,938 (52,009)
Noncontrolling interests in Operating Partnership (118) 1,202 (327) 2,629
Noncontrolling interests in other consolidated partnerships 0 0 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 2,478 $ (22,688) $ 6,611 $ (49,570)
Basic earnings per common share/unit        
Net income (loss) $ 0.02 $ (0.25) $ 0.06 $ (0.54)
Diluted earnings per common share/unit        
Net income (loss) $ 0.02 $ (0.25) $ 0.06 $ (0.54)
Tanger Properties Limited Partnership [Member]        
Revenues:        
Rental revenues $ 96,824 $ 62,273 $ 194,291 $ 170,831
Management, leasing and other services 1,359 725 2,731 2,168
Other revenues 3,090 992 4,945 2,624
Total revenues 101,273 63,990 201,967 175,623
Expenses:        
Property operating 31,250 28,158 66,561 66,785
General and administrative 15,700 11,566 32,493 24,150
Impairment charge 0 0 0 45,675
Depreciation and amortization 27,732 28,646 55,882 58,063
Total expenses 74,682 68,370 154,936 194,673
Other income (expense):        
Interest expense (13,338) (16,943) (27,700) (32,139)
Loss on early extinguishment of debt (14,039) 0 (14,039) 0
Other income (expense) 654 408 (2,851) 628
Total other income (expense) (26,723) (16,535) (44,590) (31,511)
Income (loss) before equity in earnings (losses) of unconsolidated joint ventures (132) (20,915) 2,441 (50,561)
Equity in earnings (losses) of unconsolidated joint ventures 2,728 (2,975) 4,497 (1,448)
Net income (loss) 2,596 (23,890) 6,938 (52,009)
Noncontrolling interests in consolidated partnerships 0 0 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 2,596 (23,890) 6,938 (52,199)
Net income (loss) available to limited partners 2,569 (23,649) 6,864 (51,669)
Net income (loss) available to general partner $ 27 $ (241) $ 74 $ (530)
Basic earnings per common share/unit        
Net income (loss) $ 0.02 $ (0.25) $ 0.06 $ (0.54)
Diluted earnings per common share/unit        
Net income (loss) $ 0.02 $ (0.25) $ 0.06 $ (0.54)