Company Info

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2017 Q2 YTD 6/30/2017 USD 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD
Source Document Currency Code 2017 Q2 YTD 6/30/2017 USD 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD

Revenues

Base rentals 161,118 308,353 289,688 274,480 253,402
Percentage rentals 3,660 11,221 10,157 10,307 11,251
Expense reimbursements 70,621 133,818 126,468 122,532 109,654
Management, leasing and other services 1,188 3,847 5,426 3,591 3,080
Other income 4,395 8,595 7,630 7,648 7,432
Total revenues 240,982 465,834 439,369 418,558 384,819

Expenses

Property operating 77,503 152,017 146,503 137,422 121,046
General and administrative 22,912 46,696 44,469 44,469 39,119
Acquisition costs NA 487 0 7 1,203
Abandoned pre-development costs 627 0 0 2,365 0
Depreciation and amortization 64,199 115,357 103,936 102,432 95,746
Total expenses 165,241 314,557 294,908 286,695 257,114
Operating income 75,741 151,277 144,461 131,863 127,705

Other income (expense)

Interest expense (33,007) (60,669) (54,188) (57,931) (51,616)
Loss on early extinguishment of debt NA 0 0 (13,140) 0
Gain on sale of assets 6,943 6,305 120,447 7,513 0
Gain on previously held interest in acquired joint venture 0 95,516 0 0 26,002
Other non-operating income (expense) 92 1,028 (36) 794 190
Income before equity in earnings of unconsolidated joint ventures 49,769 193,457 210,684 69,099 102,281
Equity in earnings of unconsolidated joint ventures 4,692 10,872 11,484 9,053 11,040
Net income 54,461 204,329 222,168 78,152 113,321
Noncontrolling interests in Operating Partnership (2,735) (10,287) (11,331) (4,037) (5,643)
Noncontrolling interests in other consolidated partnerships 0 (298) 363 (104) (121)
Net income attributable to Tanger Factory Outlet Centers, Inc. 51,726 193,744 211,200 74,011 107,557

Basic earnings per common share

Net income 0.54 2.02 2.20 0.77 1.14

Diluted earnings per common share

Net income 0.54 2.01 2.20 0.77 1.13
Dividends declared per common share 0.67 NA NA NA NA

Comprehensive income

Net income 54,461 204,329 222,168 78,152 113,321

Other comprehensive income

Reclassification adjustments for amounts recognized in net income NA NA NA NA (242)
Foreign currency translation adjustments 4,084 4,259 (23,200) (10,042) (4,968)
Change in fair value of cash flow hedges 178 4,609 (711) (2,028) 1,382
Other comprehensive income (loss) 4,262 8,868 (23,911) (12,070) (3,828)
Comprehensive income 58,723 213,197 198,257 66,082 109,493
Comprehensive income attributable to noncontrolling interests (2,949) (11,033) (9,749) (3,666) (5,564)
Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. 55,774 202,164 188,508 62,416 103,929
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.