Earnings Per Share of the Company (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Numerator:
Net income attributable to Tanger Inc.	$	24,840	$	24,202	$	47,253	$	47,743
Less allocation of earnings to participating securities	(229)		(257)		(460)		(456)
Net income available to common shareholders of Tanger Inc.	$	24,611	$	23,945	$	46,793	$	47,287
Denominator:
Basic weighted average common shares	108,683		104,367		108,526		104,228
Effect of notional units	600		722		582		668
Effect of outstanding options	910		773		916		758
Diluted weighted average common shares	110,193		105,862		110,024		105,654
Basic earnings per common share:
Net income	$	0.23	$	0.23	$	0.43	$	0.45
Diluted earnings per common share:
Net income	$	0.22	$	0.23	$	0.43	$	0.45

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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Numerator:
Net income attributable to partners of the Operating Partnership	$	25,915	$	25,300	$	49,301	$	49,912
Less allocation of earnings to participating securities	(229)		(257)		(460)		(456)
Net income available to common unitholders of the Operating Partnership	$	25,686	$	25,043	$	48,841	$	49,456
Denominator:
Basic weighted average common units	113,391		109,105		113,234		108,966
Effect of notional units	600		722		582		668
Effect of outstanding options	910		773		916		758
Diluted weighted average common units	114,901		110,600		114,732		110,392
Basic earnings per common unit:
Net income	$	0.23	$	0.23	$	0.43	$	0.45
Diluted earnings per common unit:
Net income	$	0.22	$	0.23	$	0.43	$	0.45