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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Rental revenue $ 133,435 $ 122,319 $ 262,720 $ 240,128
Management, leasing and other services 2,238 2,332 4,645 4,610
Other revenue 5,021 4,305 8,692 7,589
Total revenues 140,694 128,956 276,057 252,327
Expenses:        
Property operating 40,373 37,549 82,193 73,014
General and administrative 18,992 18,813 37,985 38,303
Impairment charge 0 0 4,249 0
Depreciation and amortization 36,608 34,174 73,754 68,034
Total expenses 95,973 90,536 198,181 179,351
Other income (expense):        
Interest expense (16,399) (15,700) (32,171) (30,053)
Other income (expense) (26) 220 191 807
Total other income (expense) (16,425) (15,480) (31,980) (29,246)
Income before equity in earnings of unconsolidated joint ventures 28,296 22,940 45,896 43,730
Equity in earnings of unconsolidated joint ventures 3,034 2,975 5,433 5,491
Net income 31,330 25,915 51,329 49,221
Noncontrolling interests in Operating Partnership (1,244) (1,075) (2,042) 80
Noncontrolling interests in other consolidated partnerships 0 0 0 (2,048)
Net income attributable to Tanger Inc. $ 30,086 $ 24,840 $ 49,287 $ 47,253
Basic earnings per common share/unit        
Net income (in dollars per unit) $ 0.27 $ 0.23 $ 0.43 $ 0.43
Diluted earnings per common share/unit        
Net income (in dollars per unit) $ 0.26 $ 0.22 $ 0.43 $ 0.43