Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD
Source Document Currency Code 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD

Revenues

Base rentals 323,985 308,353 289,688 274,480
Percentage rentals 9,853 11,221 10,157 10,307
Expense reimbursements 142,817 133,818 126,468 122,532
Management, leasing and other services 2,452 3,847 5,426 3,591
Other income 9,127 8,595 7,630 7,648
Total revenues 488,234 465,834 439,369 418,558

Expenses

Property operating 155,235 152,017 146,503 137,422
General and administrative 44,004 46,696 44,469 44,469
Acquisition costs 0 487 0 7
Abandoned pre-development costs 528 0 0 2,365
Depreciation and amortization 127,744 115,357 103,936 102,432
Total expenses 327,511 314,557 294,908 286,695
Operating income 160,723 151,277 144,461 131,863

Other income (expense)

Interest expense (64,825) (60,669) (54,188) (57,931)
Loss on early extinguishment of debt (35,626) 0 0 (13,140)
Gain on sale of assets and interests in unconsolidated entities 6,943 6,305 120,447 7,513
Gain on previously held interest in acquired joint ventures 0 95,516 0 0
Other non-operating income (expense) 2,724 1,028 (36) 794
Income before equity in earnings of unconsolidated joint ventures 69,939 193,457 210,684 69,099
Equity in earnings of unconsolidated joint ventures 1,937 10,872 11,484 9,053
Net income 71,876 204,329 222,168 78,152
Noncontrolling interests in Operating Partnership (3,609) (10,287) (11,331) (4,037)
Noncontrolling interests in other consolidated partnerships (265) (298) 363 (104)
Net income attributable to Tanger Factory Outlet Centers, Inc. 68,002 193,744 211,200 74,011

Basic earnings per common share

Net income 0.71 2.02 2.20 0.77

Diluted earnings per common share

Net income 0.71 2.01 2.20 0.77

Comprehensive income (loss)

Net income 71,876 204,329 222,168 78,152

Other comprehensive income (loss)

Foreign currency translation adjustments 8,138 4,259 (23,200) (10,042)
Change in fair value of cash flow hedges 1,351 4,609 (711) (2,028)
Other comprehensive income (loss) 9,489 8,868 (23,911) (12,070)
Comprehensive income 81,365 213,197 198,257 66,082
Comprehensive income attributable to noncontrolling interests (4,353) (11,033) (9,749) (3,666)
Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. 77,012 202,164 188,508 62,416
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