Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.25.0.1
Earnings Per Unit of the Operating Partnership (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022 (in thousands, except per unit amounts):
2024 2023 2022
Numerator
Net income attributable to partners of the Operating Partnership $ 102,840  $ 103,634  $ 85,831 
Allocation of earnings to participating securities (920) (1,186) (869)
Net income available to common unitholders of the Operating Partnership $ 101,920  $ 102,448  $ 84,962 
Denominator
Basic weighted average common units 113,971  109,416  108,446 
Effect of notional units 865  1,052  1,240 
Effect of outstanding options 951  798  709 
Diluted weighted average common units 115,787  111,266  110,395 
Basic earnings per common unit:
Net income $ 0.89  $ 0.94  $ 0.78 
Diluted earnings per common unit:
Net income $ 0.88  $ 0.92  $ 0.77