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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Rental revenue $ 137,225 $ 125,221 $ 399,945 $ 365,349
Management, leasing and other services 2,507 2,485 7,152 7,095
Other revenue 5,476 5,295 14,168 12,884
Total revenues 145,208 133,001 421,265 385,328
Expenses:        
Property operating 43,809 40,247 126,002 113,261
General and administrative 18,614 18,215 56,599 56,518
Impairment charge 0 0 4,249 0
Depreciation and amortization 37,103 35,376 110,857 103,410
Total expenses 99,526 93,838 297,707 273,189
Other income (expense):        
Interest expense (16,439) (15,493) (48,610) (45,546)
Other income (expense) (116) (52) 75 755
Total other income (expense) (16,555) (15,545) (48,535) (44,791)
Income before equity in earnings of unconsolidated joint ventures 29,127 23,618 75,023 67,348
Equity in earnings of unconsolidated joint ventures 4,221 2,312 9,654 7,803
Net income 33,348 25,930 84,677 75,151
Noncontrolling interests in Operating Partnership (1,321) (1,074) (3,363) (3,122)
Noncontrolling interests in other consolidated partnerships 0 0 0 80
Net income attributable to Tanger Inc. $ 32,027 $ 24,856 $ 81,314 $ 72,109
Basic earnings per common share/unit        
Net income (in dollars per unit) $ 0.28 $ 0.23 $ 0.72 $ 0.66
Diluted earnings per common share/unit        
Net income (in dollars per unit) $ 0.28 $ 0.22 $ 0.71 $ 0.65