Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2019 Q2 YTD 6/30/2019 USD 2018 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2016 Y 12/31/2018 USD 2015 Y 12/31/2017 USD
Source Document Currency Code 2019 Q2 YTD 6/30/2019 USD 2018 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2016 Y 12/31/2018 USD 2015 Y 12/31/2017 USD

Revenues

Rental revenues 232,339 NA NA NA NA
Base rentals NA 327,960 323,985 308,353 289,688
Percentage rentals NA 10,040 9,853 11,221 10,157
Expense reimbursements NA 145,356 142,817 133,818 126,468
Management, leasing and other services 2,587 2,496 2,452 3,847 5,426
Other revenues 3,936 8,829 9,127 8,595 7,630
Total revenues 238,862 494,681 488,234 465,834 439,369

Expenses

Property operating 79,103 160,457 155,235 152,017 146,503
General and administrative 28,618 44,167 44,004 46,696 44,469
Acquisition costs NA 0 0 487 0
Abandoned pre-development costs NA 0 528 0 0
Impairment charge NA 49,739 0 0 NA
Depreciation and amortization 62,906 131,722 127,744 115,357 103,936
Total expenses 170,627 386,085 327,511 314,557 294,908
Operating income (loss) NA NA NA NA 144,461

Other income (expense)

Interest expense (31,441) (64,821) (64,825) (60,669) (54,188)
Loss on early extinguishment of debt NA 0 (35,626) 0 0
Gain on sale of assets 43,422 0 6,943 6,305 120,447
Gain on previously held interest in acquired joint ventures NA 0 0 95,516 0
Other income (expense) (3,193) 864 2,724 1,028 (36)
Total other income (expense) 8,788 (63,957) (90,784) 42,180 NA
Income before equity in earnings of unconsolidated joint ventures 77,023 44,639 69,939 193,457 210,684
Equity in earnings of unconsolidated joint ventures 3,275 924 1,937 10,872 11,484
Net income 80,298 45,563 71,876 204,329 222,168
Noncontrolling interests in Operating Partnership (4,045) (2,329) (3,609) (10,287) (11,331)
Noncontrolling interests in other consolidated partnerships (195) 421 (265) (298) 363
Net income attributable to Tanger Factory Outlet Centers, Inc. 76,058 43,655 68,002 193,744 211,200

Basic earnings per common share

Net income 0.81 0.45 0.71 2.02 2.20

Diluted earnings per common share

Net income 0.81 0.45 0.71 2.01 2.20

COMPREHENSIVE INCOME

Net income 80,298 45,563 71,876 204,329 222,168

Other comprehensive income (loss)

Foreign currency translation adjustments 7,392 (8,691) 8,138 4,259 (23,200)
Change in fair value of cash flow hedges (5,565) 405 1,351 4,609 (711)
Other comprehensive income (loss) 1,827 (8,286) 9,489 8,868 (23,911)
Comprehensive income 82,125 37,277 81,365 213,197 198,257
Comprehensive income attributable to noncontrolling interests (4,331) (1,488) (4,353) (11,033) (9,749)
Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. 77,794 35,789 77,012 202,164 188,508
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