Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of the Company (Tables)

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Earnings Per Share of the Company (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):
Three months ended March 31,
  2024 2023
Numerator:
Net income attributable to Tanger Inc. $ 22,413  $ 23,541 
Less allocation of earnings to participating securities (231) (199)
Net income available to common shareholders of Tanger Inc. $ 22,182  $ 23,342 
Denominator:
Basic weighted average common shares 108,369  104,088 
Effect of notional units 731  693 
Effect of outstanding options 923  741 
Diluted weighted average common shares 110,023  105,522 
Basic earnings per common share:
Net income $ 0.20  $ 0.22 
Diluted earnings per common share:
Net income $ 0.20  $ 0.22 
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):
Three months ended March 31,
  2024 2023
Numerator:  
Net income attributable to partners of the Operating Partnership $ 23,386  $ 24,612 
Less allocation of earnings to participating securities (231) (199)
Net income available to common unitholders of the Operating Partnership $ 23,155  $ 24,413 
Denominator:
Basic weighted average common units 113,077  108,826 
Effect of notional units 731  693 
Effect of outstanding options 923  741 
Diluted weighted average common units 114,731  110,260 
Basic earnings per common unit:
Net income $ 0.20  $ 0.22 
Diluted earnings per common unit:
Net income $ 0.20  $ 0.22