Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Management, leasing and other services $ 2,496,000 $ 2,452,000 $ 3,847,000
Expenses:      
Impairment charge   0 0
Tanger Factory Outlet Centers, Inc. [Member]      
Revenues:      
Base rentals 327,960,000 323,985,000 308,353,000
Percentage rentals 10,040,000 9,853,000 11,221,000
Expense reimbursements 145,356,000 142,817,000 133,818,000
Management, leasing and other services 2,496,000 2,452,000 3,847,000
Other revenues 8,829,000 9,127,000 8,595,000
Total revenues 494,681,000 488,234,000 465,834,000
Expenses:      
Property operating 160,457,000 155,235,000 152,017,000
General and administrative 44,167,000 44,004,000 46,696,000
Acquisition costs 0 0 487,000
Abandoned pre-development costs 0 528,000 0
Impairment charge 49,739,000 0 0
Depreciation and amortization 131,722,000 127,744,000 115,357,000
Total expenses 386,085,000 327,511,000 314,557,000
Other income (expense):      
Interest expense (64,821,000) (64,825,000) (60,669,000)
Loss on early extinguishment of debt 0 (35,626,000) 0
Gain on sale of assets 0 6,943,000 6,305,000
Gain on previously held interest in acquired joint ventures 0 0 95,516,000
Other Nonoperating Income (Expense) 864,000 2,724,000 1,028,000
Total other income (expense) (63,957,000) (90,784,000) 42,180,000
Income before equity in earnings of unconsolidated joint ventures 44,639,000 69,939,000 193,457,000
Equity in earnings of unconsolidated joint ventures 924,000 1,937,000 10,872,000
Net income 45,563,000 71,876,000 204,329,000
Noncontrolling interests in Operating Partnership (2,329,000) (3,609,000) (10,287,000)
Noncontrolling interests in other consolidated partnerships 421,000 (265,000) (298,000)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 43,655,000 $ 68,002,000 $ 193,744,000
Basic earnings per common share:      
Net income (in dollars per share) $ 0.45 $ 0.71 $ 2.02
Diluted earnings per common share:      
Net income (in dollars per share) $ 0.45 $ 0.71 $ 2.01
Tanger Properties Limited Partnership [Member]      
Revenues:      
Base rentals $ 327,960,000 $ 323,985,000 $ 308,353,000
Percentage rentals 10,040,000 9,853,000 11,221,000
Expense reimbursements 145,356,000 142,817,000 133,818,000
Management, leasing and other services 2,496,000 2,452,000 3,847,000
Other revenues 8,829,000 9,127,000 8,595,000
Total revenues 494,681,000 488,234,000 465,834,000
Expenses:      
Property operating 160,457,000 155,235,000 152,017,000
General and administrative 44,167,000 44,004,000 46,696,000
Acquisition costs 0 0 487,000
Abandoned pre-development costs 0 528,000 0
Impairment charge 49,739,000 0 0
Depreciation and amortization 131,722,000 127,744,000 115,357,000
Total expenses 386,085,000 327,511,000 314,557,000
Other income (expense):      
Interest expense (64,821,000) (64,825,000) (60,669,000)
Loss on early extinguishment of debt 0 (35,626,000) 0
Gain on sale of assets 0 6,943,000 6,305,000
Gain on previously held interest in acquired joint ventures 0 0 95,516,000
Other Nonoperating Income (Expense) 864,000 2,724,000 1,028,000
Total other income (expense) (63,957,000) (90,784,000) 42,180,000
Income before equity in earnings of unconsolidated joint ventures 44,639,000 69,939,000 193,457,000
Equity in earnings of unconsolidated joint ventures 924,000 1,937,000 10,872,000
Net income 45,563,000 71,876,000 204,329,000
Noncontrolling interests in consolidated partnerships 421,000 (265,000) (298,000)
Net income attributable to Tanger Factory Outlet Centers, Inc. 45,984,000 71,611,000 204,031,000
Net income available to limited partners 45,522,000 70,900,000 202,012,000
Net income available to general partner $ 462,000 $ 711,000 $ 2,019,000
Basic earnings per common share:      
Net income (in dollars per share) $ 0.45 $ 0.71 $ 2.02
Diluted earnings per common share:      
Net income (in dollars per share) $ 0.45 $ 0.71 $ 2.01