Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit of the Operating Partnership (Details)

v3.22.2.2
Earnings Per Unit of the Operating Partnership (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Numerator:        
Net income attributable to partners of the Operating Partnership $ 19,905 $ 2,478 $ 40,423 $ 6,611
Less allocation of earnings to participating securities (222) (196) (437) (403)
Net income (loss) available to common shareholders/unitholders $ 19,683 $ 2,282 $ 39,986 $ 6,208
Denominator:        
Basic weighted average common shares (in shares) 103,630 100,409 103,607 97,504
Effect of notional units (in shares) 421 818 413 685
Effect of outstanding options (in shares) 703 771 720 728
Diluted weighted average common shares (in shares) 104,754 101,998 104,740 98,917
Basic earnings per common share/unit:        
Net income (in dollars per share) $ 0.19 $ 0.02 $ 0.39 $ 0.06
Diluted earnings per common unit:        
Net income (in dollars per share) $ 0.19 $ 0.02 $ 0.38 $ 0.06
Effect of notional units (in shares) 961 140 961 140
Anti-dilutive options excluded (in shares) 282 360 282 360
Tanger Properties Limited Partnership        
Numerator:        
Net income attributable to partners of the Operating Partnership $ 20,819 $ 2,596 $ 42,281 $ 6,938
Less allocation of earnings to participating securities (222) (196) (437) (403)
Net income (loss) available to common shareholders/unitholders $ 20,597 $ 2,400 $ 41,844 $ 6,535
Denominator:        
Basic weighted average common shares (in shares) 108,391 105,204 108,369 102,299
Effect of notional units (in shares) 421 818 413 685
Effect of outstanding options (in shares) 703 771 720 728
Diluted weighted average common shares (in shares) 109,515 106,793 109,502 103,712
Basic earnings per common share/unit:        
Net income (in dollars per share) $ 0.19 $ 0.02 $ 0.39 $ 0.06
Diluted earnings per common unit:        
Net income (in dollars per share) $ 0.19 $ 0.02 $ 0.38 $ 0.06
Effect of notional units (in shares) 961 140 961 140
Anti-dilutive options excluded (in shares) 282 360 282 360