Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD
Source Document Currency Code 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD

Revenues

Base rentals 308,353 289,688 274,480 253,402
Percentage rentals 11,221 10,157 10,307 11,251
Expense reimbursements 133,818 126,468 122,532 109,654
Management, leasing and other services 3,847 5,426 3,591 3,080
Other income 8,595 7,630 7,648 7,432
Total revenues 465,834 439,369 418,558 384,819

Expenses

Property operating 152,017 146,503 137,422 121,046
General and administrative 46,696 44,469 44,469 39,119
Acquisition costs 487 0 7 1,203
Abandoned pre-development costs 0 0 2,365 0
Depreciation and amortization 115,357 103,936 102,432 95,746
Total expenses 314,557 294,908 286,695 257,114
Operating income 151,277 144,461 131,863 127,705

Other income (expense)

Interest expense (60,669) (54,188) (57,931) (51,616)
Loss on early extinguishment of debt 0 0 (13,140) 0
Gain on sale of assets and interests in unconsolidated entities 6,305 120,447 7,513 0
Gain on previously held interest in acquired joint ventures 95,516 0 0 26,002
Other non-operating income (expense) 1,028 (36) 794 190
Income before equity in earnings of unconsolidated joint ventures 193,457 210,684 69,099 102,281
Equity in earnings of unconsolidated joint ventures 10,872 11,484 9,053 11,040
Net income 204,329 222,168 78,152 113,321
Noncontrolling interests in Operating Partnership (10,287) (11,331) (4,037) (5,643)
Noncontrolling interests in other consolidated partnerships (298) 363 (104) (121)
Net income attributable to Tanger Factory Outlet Centers, Inc. 193,744 211,200 74,011 107,557

Basic earnings per common share

Net income 2.02 2.20 0.77 1.14

Diluted earnings per common share

Net income 2.01 2.20 0.77 1.13

Comprehensive income

Net income 204,329 222,168 78,152 113,321

Other comprehensive income (loss)

Reclassification adjustments for amounts recognized in net income NA NA NA (242)
Foreign currency translation adjustments 4,259 (23,200) (10,042) (4,968)
Change in fair value of cash flow hedges 4,609 (711) (2,028) 1,382
Other comprehensive income (loss) 8,868 (23,911) (12,070) (3,828)
Comprehensive income 213,197 198,257 66,082 109,493
Comprehensive income attributable to noncontrolling interests (11,033) (9,749) (3,666) (5,564)
Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. 202,164 188,508 62,416 103,929
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