Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental revenues $ 105,569 $ 107,265 $ 311,587 $ 301,556
Management, leasing and other services 1,897 1,641 4,860 4,372
Other revenues 3,980 3,559 9,705 8,504
Total revenues 111,446 112,465 326,152 314,432
Expenses:        
Property operating 36,076 37,186 105,531 103,747
General and administrative 17,370 14,817 52,166 47,310
Depreciation and amortization 25,445 26,944 77,908 82,826
Total expenses 78,891 78,947 235,605 233,883
Other income (expense):        
Interest expense (11,660) (13,282) (34,870) (40,982)
Loss on early extinguishment of debt 0 (33,821) 0 (47,860)
Other income (expense) 1,395 253 4,154 (2,598)
Total other income (expense) (10,265) (46,850) (30,716) (91,440)
Income (loss) before equity in earnings of unconsolidated joint ventures 22,290 (13,332) 59,831 (10,891)
Equity in earnings of unconsolidated joint ventures 2,055 2,261 6,795 6,758
Net income (loss) 24,345 (11,071) 66,626 (4,133)
Noncontrolling interests in Operating Partnership (1,069) 492 (2,927) 165
Noncontrolling interests in other consolidated partnerships 0 0 0 0
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 23,276 $ (10,579) $ 63,699 $ (3,968)
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.22 $ (0.11) $ 0.61 $ (0.05)
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.22 $ (0.11) $ 0.60 $ (0.05)