Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental revenues $ 421,419 $ 407,766 $ 377,932
Management, leasing and other services 6,833 6,411 4,936
Tanger Factory Outlet Centers, Inc. [Member]      
Revenues:      
Rental revenues 421,419 407,766 377,932
Management, leasing and other services 7,157 6,411 4,936
Other revenues 14,037 12,348 7,123
Total revenues 442,613 426,525 389,991
Expenses:      
Property operating 143,936 140,736 137,135
General and administrative 71,532 65,817 47,733
Impairment charges 0 6,989 67,226
Depreciation and amortization 111,904 110,008 117,143
Total expenses 327,372 323,550 369,237
Other income (expense):      
Interest expense (46,967) (52,866) (63,142)
Loss on early extinguishment of debt (222) (47,860) 0
Gain on sale of assets 3,156 0 2,324
Other income (expense) 6,029 (1,595) 925
Total other income (expense) (38,004) (102,321) (59,893)
Income (loss) before equity in earnings of unconsolidated joint ventures 77,237 654 (39,139)
Equity in earnings of unconsolidated joint ventures 8,594 8,904 1,126
Net income (loss) 85,831 9,558 (38,013)
Noncontrolling interests in Operating Partnership (3,768) (440) 1,925
Noncontrolling interests in other consolidated partnerships 0 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 82,063 $ 9,118 $ (36,278)
Basic earnings per common share:      
Net income (loss) (in dollars per share) $ 0.78 $ 0.08 $ (0.40)
Diluted earnings per common share:      
Net income (loss) (in dollars per share) $ 0.77 $ 0.08 $ (0.40)
Tanger Properties Limited Partnership [Member]      
Revenues:      
Rental revenues $ 421,419 $ 407,766 $ 377,932
Management, leasing and other services 7,157 6,411 4,936
Other revenues 14,037 12,348 7,123
Total revenues 442,613 426,525 389,991
Expenses:      
Property operating 143,936 140,736 137,135
General and administrative 71,532 65,817 47,733
Impairment charges 0 6,989 67,226
Depreciation and amortization 111,904 110,008 117,143
Total expenses 327,372 323,550 369,237
Other income (expense):      
Interest expense (46,967) (52,866) (63,142)
Loss on early extinguishment of debt (222) (47,860) 0
Gain on sale of assets 3,156 0 2,324
Other income (expense) 6,029 (1,595) 925
Total other income (expense) (38,004) (102,321) (59,893)
Income (loss) before equity in earnings of unconsolidated joint ventures 77,237 654 (39,139)
Equity in earnings of unconsolidated joint ventures 8,594 8,904 1,126
Net income (loss) 85,831 9,558 (38,013)
Noncontrolling interests in consolidated partnerships 0 0 (190)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 85,831 9,558 (38,203)
Net income (loss) available to limited partners 84,971 9,458 (37,815)
Net income (loss) available to general partner $ 860 $ 100 $ (388)
Basic earnings per common share:      
Net income (loss) (in dollars per share) $ 0.78 $ 0.08 $ (0.40)
Diluted earnings per common share:      
Net income (loss) (in dollars per share) $ 0.77 $ 0.08 $ (0.40)