Annual report pursuant to Section 13 and 15(d)

Earnings Per Unit of the Operating Partnership (Tables)

v3.24.0.1
Earnings Per Unit of the Operating Partnership (Tables)
 12 Months Ended
Dec. 31, 2023
Tanger Properties Limited Partnership [Member]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit for the years ended December 31, 2023, 2022 and 2021 (in thousands, except per unit amounts):
2023 2022 2021
Numerator
Net income attributable to partners of the Operating Partnership $ 103,634  $ 85,831  $ 9,558 
Allocation of earnings to participating securities (1,186) (869) (804)
Net income available to common unitholders of the Operating Partnership $ 102,448  $ 84,962  $ 8,754 
Denominator
Basic weighted average common units 109,416  108,446  105,208 
Effect of notional units 1,052  1,240  809 
Effect of outstanding options 798  709  752 
Diluted weighted average common units 111,266  110,395  106,769 
Basic earnings per common unit:
Net income $ 0.94  $ 0.78  $ 0.08 
Diluted earnings per common unit:
Net income $ 0.92  $ 0.77  $ 0.08