Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2018 Q3 YTD 9/30/2018 USD 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD
Source Document Currency Code 2018 Q3 YTD 9/30/2018 USD 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD

Revenues

Base rentals 244,781 323,985 308,353 289,688 274,480
Percentage rentals 6,666 9,853 11,221 10,157 10,307
Expense reimbursements 107,876 142,817 133,818 126,468 122,532
Management, leasing and other services 1,826 2,452 3,847 5,426 3,591
Other income 6,333 9,127 8,595 7,630 7,648
Total revenues 367,482 488,234 465,834 439,369 418,558

Expenses

Property operating 119,817 155,235 152,017 146,503 137,422
General and administrative 32,861 44,004 46,696 44,469 44,469
Acquisition costs NA 0 487 0 7
Abandoned pre-development costs 0 528 0 0 2,365
Impairment charge 49,739 NA NA NA NA
Depreciation and amortization 98,667 127,744 115,357 103,936 102,432
Total expenses 301,084 327,511 314,557 294,908 286,695
Operating income (loss) 66,398 160,723 151,277 144,461 131,863

Other income (expense)

Interest expense (48,348) (64,825) (60,669) (54,188) (57,931)
Loss on early extinguishment of debt 0 (35,626) 0 0 (13,140)
Gain on sale of assets 0 6,943 6,305 120,447 7,513
Gain on previously held interest in acquired joint ventures NA 0 95,516 0 0
Other non-operating income (expense) 661 2,724 1,028 (36) 794
Income (loss) before equity in earnings (losses) of unconsolidated joint ventures 18,711 69,939 193,457 210,684 69,099
Equity in earnings (losses) of unconsolidated joint ventures 6,233 1,937 10,872 11,484 9,053
Net income (loss) 24,944 71,876 204,329 222,168 78,152
Noncontrolling interests in Operating Partnership (1,274) (3,609) (10,287) (11,331) (4,037)
Noncontrolling interests in other consolidated partnerships 278 (265) (298) 363 (104)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 23,948 68,002 193,744 211,200 74,011

Basic earnings per common share

Net income (loss) 0.25 0.71 2.02 2.20 0.77

Diluted earnings per common share

Net income (loss) 0.25 0.71 2.01 2.20 0.77
Dividends declared per common share 1.04 NA NA NA NA

Comprehensive income (loss)

Net income (loss) 24,944 71,876 204,329 222,168 78,152

Other comprehensive income (loss)

Foreign currency translation adjustments (3,176) 8,138 4,259 (23,200) (10,042)
Change in fair value of cash flow hedges 4,095 1,351 4,609 (711) (2,028)
Other comprehensive income 919 9,489 8,868 (23,911) (12,070)
Comprehensive income (loss) 25,863 81,365 213,197 198,257 66,082
Comprehensive (income) loss attributable to noncontrolling interests (1,043) (4,353) (11,033) (9,749) (3,666)
Comprehensive income (loss) attributable to Tanger Factory Outlet Centers, Inc. 24,820 77,012 202,164 188,508 62,416
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