Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental revenues $ 104,588 $ 101,409 $ 208,170 $ 206,018
Management, leasing and other services 2,122 1,436 4,036 2,963
Other revenues 3,931 2,993 7,378 5,725
Total revenues 110,641 105,838 219,584 214,706
Expenses:        
Property operating 33,712 32,697 66,860 69,455
General and administrative 18,304 19,329 35,738 34,796
Depreciation and amortization 25,389 26,220 51,282 52,463
Total expenses 77,405 78,246 153,880 156,714
Other income (expense):        
Interest expense (11,966) (11,576) (24,309) (23,210)
Other income (expense) 2,324 2,576 5,124 2,759
Total other income (expense) (9,642) (9,000) (19,185) (20,451)
Income before equity in earnings of unconsolidated joint ventures 23,594 18,592 46,519 37,541
Equity in earnings of unconsolidated joint ventures 1,706 2,227 3,641 4,740
Net income 25,300 20,819 50,160 42,281
Noncontrolling interests in Operating Partnership (1,098) (914) (2,169) (1,858)
Noncontrolling interests in other consolidated partnerships 0 0 (248) 0
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 24,202 $ 19,905 $ 47,743 $ 40,423
Basic earnings per common share/unit        
Net income (in dollars per unit) $ 0.23 $ 0.19 $ 0.45 $ 0.39
Diluted earnings per common share/unit        
Net income (in dollars per unit) $ 0.23 $ 0.19 $ 0.45 $ 0.38