The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts):


	Three months ended March 31,
	2026		2025
Numerator:
Net income attributable to Tanger Inc.	$	28,261	$	19,201
Less allocation of earnings to participating securities	(210)		(202)
Net income available to common shareholders of Tanger Inc.	$	28,051	$	18,999
Denominator:
Basic weighted average common shares	114,238		112,396
Effect of dilutive securities:
Equity awards	1,216		1,557
Diluted weighted average common shares	115,454		113,953
Basic earnings per common share:
Net income	$	0.25	$	0.17
Diluted earnings per common share:
Net income	$	0.24	$	0.17

The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):


	Three months ended March 31,
	2026		2025
Numerator:
Net income attributable to partners of the Operating Partnership	$	29,417	$	19,999
Less allocation of earnings to participating securities	(210)		(202)
Net income available to common unitholders of the Operating Partnership	$	29,207	$	19,797
Denominator:
Basic weighted average common units	118,908		117,072
Effect of dilutive securities:
Equity awards	1,216		1,557
Diluted weighted average common units	120,124		118,629
Basic earnings per common unit:
Net income	$	0.25	$	0.17
Diluted earnings per common unit:
Net income	$	0.24	$	0.17