Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2016 Q3 YTD 9/30/2016 USD 2015 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2013 Y 12/31/2015 USD 2012 Y 12/31/2014 USD
Source Document Currency Code 2016 Q3 YTD 9/30/2016 USD 2015 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2013 Y 12/31/2015 USD 2012 Y 12/31/2014 USD

Revenues

Base rentals 227,195 289,688 274,480 253,402 235,233
Percentage rentals 7,471 10,157 10,307 11,251 11,172
Expense reimbursements 97,121 126,468 122,532 109,654 101,110
Management, leasing and other services 3,259 5,426 3,591 3,080 2,007
Other income 6,229 7,630 7,648 7,432 7,480
Total revenues 341,275 439,369 418,558 384,819 357,002

Expenses

Property operating 110,328 146,503 137,422 121,046 111,160
General and administrative 35,368 44,469 44,469 39,119 37,452
Acquisition costs 487 0 7 1,203 117
Abandoned pre-development costs NA 0 2,365 0 0
Depreciation and amortization 82,078 103,936 102,432 95,746 98,683
Total expenses 228,261 294,908 286,695 257,114 247,412
Operating income 113,014 144,461 131,863 127,705 109,590

Other income (expense)

Interest expense (44,200) (54,188) (57,931) (51,616) (49,814)
Loss on early extinguishment of debt NA 0 (13,140) 0 0
Gain on sale of real estate NA NA NA NA 0
Gain on sale of assets and interests in unconsolidated joint ventures 6,305 120,447 7,513 0 NA
Gain on previously held interests in acquired joint ventures 95,516 0 0 26,002 0
Other nonoperating income (expense) 378 (36) 794 190 (5)
Income before equity in earnings of unconsolidated joint ventures 171,013 210,684 69,099 102,281 59,771
Equity in earnings of unconsolidated joint ventures 7,680 11,484 9,053 11,040 (3,295)
Net income 178,693 222,168 78,152 113,321 56,476
Noncontrolling interests in Operating Partnership (9,009) (11,331) (4,037) (5,643) (3,267)
Noncontrolling interests in other consolidated partnerships (13) 363 (104) (121) 19
Net income attributable to Tanger Factory Outlet Centers, Inc. 169,671 211,200 74,011 107,557 53,228

Basic earnings per common share

Net income 1.77 2.20 0.77 1.14 0.57

Diluted earnings per common share

Net income 1.76 2.20 0.77 1.13 0.57
Dividends declared per common share 0.94 NA NA NA NA

COMPREHENSIVE INCOME

Other comprehensive income (loss)

Net income 178,693 222,168 78,152 113,321 56,476
Reclassification adjustments for amounts recognized in net income NA 0 (741) (242) (351)
Foreign currency translation adjustments 6,970 (23,200) (10,042) (4,968) (5)
Change in fair value of cash flow hedges (1,601) (711) (1,287) 1,382 0
Other comprehensive income (loss) 5,369 (23,911) (12,070) (3,828) (356)
Comprehensive income 184,062 198,257 66,082 109,493 56,120
Comprehensive income attributable to noncontrolling interests (9,294) (9,749) (3,666) (5,564) (3,227)
Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. 174,768 188,508 62,416 103,929 52,893
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.