Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.3
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental revenues $ 110,835 $ 105,569 $ 319,005 $ 311,587
Management, leasing and other services 2,138 1,897 6,174 4,860
Other revenues 4,373 3,980 11,751 9,705
Total revenues 117,346 111,446 336,930 326,152
Expenses:        
Property operating 36,758 36,076 103,618 105,531
General and administrative 18,937 17,370 54,675 52,166
Depreciation and amortization 25,374 25,445 76,656 77,908
Total expenses 81,069 78,891 234,949 235,605
Other income (expense):        
Interest expense (11,688) (11,660) (35,997) (34,870)
Other income (expense) 1,899 1,395 7,023 4,154
Total other income (expense) (9,789) (10,265) (28,974) (30,716)
Income before equity in earnings of unconsolidated joint ventures 26,488 22,290 73,007 59,831
Equity in earnings of unconsolidated joint ventures 2,389 2,055 6,030 6,795
Net income 28,877 24,345 79,037 66,626
Noncontrolling interests in Operating Partnership (1,253) (1,069) (3,422) (2,927)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 27,624 $ 23,276 $ 75,367 $ 63,699
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.71 $ 0.61
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.70 $ 0.60
Tanger Properties Limited Partnership        
Revenues:        
Rental revenues $ 110,835 $ 105,569 $ 319,005 $ 311,587
Management, leasing and other services 2,138 1,897 6,174 4,860
Other revenues 4,373 3,980 11,751 9,705
Total revenues 117,346 111,446 336,930 326,152
Expenses:        
Property operating 36,758 36,076 103,618 105,531
General and administrative 18,937 17,370 54,675 52,166
Depreciation and amortization 25,374 25,445 76,656 77,908
Total expenses 81,069 78,891 234,949 235,605
Other income (expense):        
Interest expense (11,688) (11,660) (35,997) (34,870)
Other income (expense) 1,899 1,395 7,023 4,154
Total other income (expense) (9,789) (10,265) (28,974) (30,716)
Income before equity in earnings of unconsolidated joint ventures 26,488 22,290 73,007 59,831
Equity in earnings of unconsolidated joint ventures 2,389 2,055 6,030 6,795
Net income 28,877 24,345 79,037 66,626
Noncontrolling interests in Operating Partnership 0 0 (248) 0
Net income attributable to Tanger Factory Outlet Centers, Inc. 28,877 24,345 78,789 66,626
Net income available to limited partners 28,588 24,102 78,001 65,958
Net income available to general partner $ 289 $ 243 $ 788 $ 668
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.71 $ 0.61
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.26 $ 0.22 $ 0.70 $ 0.60