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
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental revenues $ 108,558 $ 119,954
Management, leasing and other services 1,443 1,342
Tanger Factory Outlet Centers, Inc. [Member]    
Revenues:    
Rental revenues 108,558 119,954
Management, leasing and other services 1,443 1,342
Other revenues 1,632 1,859
Total revenues 111,633 123,155
Expenses:    
Property operating 38,627 42,377
General and administrative 12,584 12,145
Impairment charge 45,675 0
Depreciation and amortization 29,417 31,760
Total expenses 126,303 86,282
Other income (expense):    
Interest expense (15,196) (16,307)
Gain on sale of assets 0 43,422
Other income 220 224
Total other income (expense) (14,976) 27,339
Income (loss) before equity in earnings of unconsolidated joint ventures (29,646) 64,212
Equity in earnings of unconsolidated joint ventures 1,527 1,629
Net income (loss) (28,119) 65,841
Noncontrolling interests in Operating Partnership 1,427 (3,315)
Noncontrolling interests in other consolidated partnerships (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ (26,882) $ 62,331
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ (0.30) $ 0.66
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ (0.30) $ 0.66
Tanger Properties Limited Partnership [Member]    
Revenues:    
Rental revenues $ 108,558 $ 119,954
Management, leasing and other services 1,443 1,342
Other revenues 1,632 1,859
Total revenues 111,633 123,155
Expenses:    
Property operating 38,627 42,377
General and administrative 12,584 12,145
Impairment charge 45,675 0
Depreciation and amortization 29,417 31,760
Total expenses 126,303 86,282
Other income (expense):    
Interest expense (15,196) (16,307)
Gain on sale of assets 0 43,422
Other income 220 224
Total other income (expense) (14,976) 27,339
Income (loss) before equity in earnings of unconsolidated joint ventures (29,646) 64,212
Equity in earnings of unconsolidated joint ventures 1,527 1,629
Net income (loss) (28,119) 65,841
Noncontrolling interests in consolidated partnerships (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. (28,309) 65,646
Net income (loss) available to limited partners (28,020) 64,983
Net income (loss) available to general partner $ (289) $ 663
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ (0.30) $ 0.66
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ (0.30) $ 0.66