Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenues $ 407,766 $ 377,932 $ 463,946
Management, leasing and other services 6,411 4,936 5,419
Other income (expense):      
Gain on sale of assets     43,422
Tanger Factory Outlet Centers, Inc. [Member]      
Revenues:      
Rental revenues 407,766 377,932 463,946
Management, leasing and other services 6,411 4,936 5,419
Other revenues 12,348 7,123 8,983
Total revenues 426,525 389,991 478,348
Expenses:      
Property operating 140,736 137,135 157,734
General and administrative 65,817 47,733 53,790
Impairment charges 6,989 67,226 37,610
Depreciation and amortization 110,008 117,143 123,314
Total expenses 323,550 369,237 372,448
Other income (expense):      
Interest expense (52,866) (63,142) (61,672)
Loss on early extinguishment of debt (47,860) 0 0
Gain on sale of assets 0 2,324 43,422
Other income (expense) (1,595) 925 (2,761)
Total other income (expense) (102,321) (59,893) (21,011)
Income (loss) before equity in earnings of unconsolidated joint ventures 654 (39,139) 84,889
Equity in earnings of unconsolidated joint ventures 8,904 1,126 7,839
Net income (loss) 9,558 (38,013) 92,728
Noncontrolling interests in Operating Partnership (440) 1,925 (4,678)
Noncontrolling interests in other consolidated partnerships 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 9,118 $ (36,278) $ 87,855
Basic earnings per common share:      
Net income (loss) (in dollars per share) $ 0.08 $ (0.40) $ 0.93
Diluted earnings per common share:      
Net income (loss) (in dollars per share) $ 0.08 $ (0.40) $ 0.93
Tanger Properties Limited Partnership [Member]      
Revenues:      
Rental revenues $ 407,766 $ 377,932 $ 463,946
Management, leasing and other services 6,411 4,936 5,419
Other revenues 12,348 7,123 8,983
Total revenues 426,525 389,991 478,348
Expenses:      
Property operating 140,736 137,135 157,734
General and administrative 65,817 47,733 53,790
Impairment charges 6,989 67,226 37,610
Depreciation and amortization 110,008 117,143 123,314
Total expenses 323,550 369,237 372,448
Other income (expense):      
Interest expense (52,866) (63,142) (61,672)
Loss on early extinguishment of debt (47,860) 0 0
Gain on sale of assets 0 2,324 43,422
Other income (expense) (1,595) 925 (2,761)
Total other income (expense) (102,321) (59,893) (21,011)
Income (loss) before equity in earnings of unconsolidated joint ventures 654 (39,139) 84,889
Equity in earnings of unconsolidated joint ventures 8,904 1,126 7,839
Net income (loss) 9,558 (38,013) 92,728
Noncontrolling interests in consolidated partnerships 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 9,558 (38,203) 92,533
Net income (loss) available to limited partners 9,458 (37,815) 91,597
Net income (loss) available to general partner $ 100 $ (388) $ 936
Basic earnings per common share:      
Net income (loss) (in dollars per share) $ 0.08 $ (0.40) $ 0.93
Diluted earnings per common share:      
Net income (loss) (in dollars per share) $ 0.08 $ (0.40) $ 0.93