Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS??? EQUITY

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Equity attributable to Tanger Factory Outlet Centers, Inc.
Common shares
Paid in capital
Accumulated distributions in excess of earnings
Accumulated other comprehensive loss
Noncontrolling Interests
Noncontrolling interests in Operating Partnership
Noncontrolling Interests
Noncontrolling interests in other consolidated partnerships
Beginning Balance at Dec. 31, 2020 $ 358,883 $ 341,390 $ 936 $ 787,143 $ (420,104) $ (26,585) $ 17,493 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 6,938 6,611     6,611   327  
Other comprehensive income 8,239 7,842       7,842 397  
Compensation under Incentive Award Plan 6,674 6,674   6,674        
Issuance of common shares upon exercise of options 89 89   89        
Grant of restricted common shares awards, net of forfeitures 0   5 (5)        
Issuance of common shares 180,876 180,876 96 180,780        
Withholding of common shares for employee income taxes (1,637) (1,637) (1) (1,636)        
Adjustment for noncontrolling interests in Operating Partnership 0 (6,636)   (6,636)     6,636  
Common dividends (34,875) (34,875)     (34,875)      
Distributions to noncontrolling interests (1,702)           (1,702)  
Ending Balance at Jun. 30, 2021 523,485 500,334 1,036 966,409 (448,368) (18,743) 23,151 0
Beginning Balance at Mar. 31, 2021 483,014 461,081 1,008 913,236 (432,895) (20,268) 21,933 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2,596 2,478     2,478   118  
Other comprehensive income 1,602 1,525       1,525 77  
Compensation under Incentive Award Plan 2,765 2,765   2,765        
Issuance of common shares upon exercise of options 89 89   89        
Issuance of common shares 52,221 52,221 28 52,193        
Adjustment for noncontrolling interests in Operating Partnership 0 (1,874)   (1,874)     1,874  
Common dividends (17,951) (17,951)     (17,951)      
Distributions to noncontrolling interests (851)           (851)  
Ending Balance at Jun. 30, 2021 523,485 500,334 1,036 966,409 (448,368) (18,743) 23,151 0
Beginning Balance at Dec. 31, 2021 499,789 477,925 1,041 978,054 (483,409) (17,761) 21,864 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 42,281 40,423     40,423   1,858  
Other comprehensive income 8,724 8,341       8,341 383  
Compensation under Incentive Award Plan 7,045 7,045   7,045        
Issuance of common shares upon exercise of options 15 15   15        
Grant of restricted common shares awards, net of forfeitures 0   4 (4)        
Withholding of common shares for employee income taxes (3,203) (3,203) (1) (3,202)        
Adjustment for noncontrolling interests in Operating Partnership 0 (75)   (75)     75  
Common dividends (40,255) (40,255)     (40,255)      
Distributions to noncontrolling interests (1,821)           (1,821)  
Ending Balance at Jun. 30, 2022 512,575 490,216 1,044 981,833 (483,241) (9,420) 22,359 0
Beginning Balance at Mar. 31, 2022 510,577 488,320 1,044 978,734 (482,206) (9,252) 22,257 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 20,819 19,905     19,905   914  
Other comprehensive income (176) (168)       (168) (8)  
Compensation under Incentive Award Plan 4,299 4,299   4,299        
Issuance of common shares upon exercise of options 5 5   5        
Forfeiture of restricted common share awards 0              
Withholding of common shares for employee income taxes (1,057) (1,057)   (1,057)        
Adjustment for noncontrolling interests in Operating Partnership 0 (148)   (148)     148  
Common dividends (20,940) (20,940)     (20,940)      
Distributions to noncontrolling interests (952)           (952)  
Ending Balance at Jun. 30, 2022 $ 512,575 $ 490,216 $ 1,044 $ 981,833 $ (483,241) $ (9,420) $ 22,359 $ 0