v3.25.1
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental revenues $ 129,285 $ 117,809
Management, leasing and other services 2,407 2,278
Other revenues 3,671 3,284
Total revenues 135,363 123,371
Expenses:    
Property operating 41,820 35,465
General and administrative 18,993 19,490
Depreciation and amortization 37,146 33,860
Total expenses 102,208 88,815
Other income (expense):    
Interest expense (15,772) (14,353)
Other income (expense) 217 587
Total other income (expense) (15,555) (13,766)
Income before equity in earnings of unconsolidated joint ventures 17,600 20,790
Equity in earnings of unconsolidated joint ventures 2,399 2,516
Net income 19,999 23,306
Noncontrolling interests in Operating Partnership (798) 80
Net income attributable to Tanger Inc. $ 19,201 $ 22,413
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.17 $ 0.20
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.17 $ 0.20
Impairment charge $ 4,249 $ 0
Tanger Properties Limited Partnership    
Revenues:    
Rental revenues 129,285 117,809
Management, leasing and other services 2,407 2,278
Other revenues 3,671 3,284
Total revenues 135,363 123,371
Expenses:    
Property operating 41,820 35,465
General and administrative 18,993 19,490
Depreciation and amortization 37,146 33,860
Total expenses 102,208 88,815
Other income (expense):    
Interest expense (15,772) (14,353)
Other income (expense) 217 587
Total other income (expense) (15,555) (13,766)
Income before equity in earnings of unconsolidated joint ventures 17,600 20,790
Equity in earnings of unconsolidated joint ventures 2,399 2,516
Net income 19,999 23,306
Noncontrolling interests in Operating Partnership 0 80
Net income attributable to Tanger Inc. 19,999 23,386
Net income available to limited partners 19,787 23,150
Net income available to general partner $ 212 $ 236
Basic earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.17 $ 0.20
Diluted earnings per common share/unit    
Net income (loss) (in dollars per share) $ 0.17 $ 0.20
Impairment charge $ 4,249 $ 0