Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.22.4
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 2022
Tanger Properties Limited Partnership [Member]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per unit amounts):
2022 2021 2020
Numerator
Net income (loss) attributable to partners of the Operating Partnership $ 85,831  $ 9,558  $ (38,203)
Allocation of earnings to participating securities (869) (804) (692)
Net income (loss) available to common unitholders of the Operating Partnership $ 84,962  $ 8,754  $ (38,895)
Denominator
Basic weighted average common units 108,446  105,208  97,521 
Effect of notional units 1,240  809  — 
Effect of outstanding options 709  752  — 
Diluted weighted average common units 110,395  106,769  97,521 
Basic earnings per common unit:
Net income (loss) $ 0.78  $ 0.08  $ (0.40)
Diluted earnings per common unit:
Net income (loss) $ 0.77  $ 0.08  $ (0.40)