XML 56 R4.htm IDEA: XBRL DOCUMENT v3.26.1
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Rental revenue $ 143,538 $ 129,285
Management, leasing and other services 2,204 2,407
Other revenue 4,675 3,671
Total revenues 150,417 135,363
Expenses:    
Property operating 46,733 41,820
General and administrative 20,088 18,993
Impairment charge 0 4,249
Depreciation and amortization 40,352 37,146
Total expenses 107,173 102,208
Other income (expense):    
Interest expense (19,176) (15,772)
Other income (expense) 1,907 217
Total other income (expense) (17,269) (15,555)
Income before equity in earnings of unconsolidated joint ventures 25,975 17,600
Equity in earnings of unconsolidated joint ventures 3,442 2,399
Net income 29,417 19,999
Noncontrolling interests in Operating Partnership (1,156) (798)
Noncontrolling interests in other consolidated partnerships 0 0
Net income attributable to Tanger Inc. $ 28,261 $ 19,201
Basic earnings per common share/unit    
Net income (in dollars per unit) $ 0.25 $ 0.17
Diluted earnings per common share/unit    
Net income (in dollars per unit) $ 0.24 $ 0.17