← TANGER INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | |||||||||||
| Rental revenues | — | $950.6m | $961.4m | $463.9m | $377.9m | $407.8m | $421.4m | $438.9m | $497.5m | $550.9m | |
| Management, leasing and other services | $3.8m | $2.5m | $2.5m | $5.4m | $4.9m | $6.4m | $6.8m | $17.3m | $7.7m | $8.2m | |
| Other revenues | $17.2m | $18.3m | $17.7m | $18.0m | $14.2m | $24.7m | $28.1m | $33.7m | $37.8m | $41.8m | |
| Property operating | $343.6m | $310.5m | $320.9m | $315.5m | $274.3m | $281.5m | $287.9m | $291.1m | $317.5m | $353.0m | |
| General and administrative | $93.7m | $88.0m | $88.3m | $107.6m | $95.5m | $131.6m | $143.1m | $152.3m | $156.0m | $157.4m | |
| Impairment charge | $0 | $0 | $99.5m | $75.2m | $134.5m | $14.0m | $0 | $0 | $0 | $8.5m | |
| Depreciation and amortization | $263.6m | $255.5m | $263.4m | $246.6m | $234.3m | $220.0m | $223.8m | $217.8m | $277.4m | $302.0m | |
| Loss on early extinguishment of debt | $0 | ($71.3m) | $0 | $0 | $0 | ($95.7m) | ($444k) | $0 | $0 | — | |
| Gain on sale of assets | $12.6m | $13.9m | $0 | $43.4m | $43.4m | $0 | $6.3m | $0 | $0 | — | |
| Income before equity in earnings of unconsolidated joint ventures | $386.9m | $139.9m | $89.3m | $169.8m | ($78.3m) | $1.3m | $154.5m | $191.3m | $182.9m | $211.8m | |
| Equity in earnings of unconsolidated joint ventures | $21.7m | $3.9m | $1.8m | $15.7m | $2.3m | $17.8m | $17.2m | $16.5m | $22.6m | $27.2m | |
| Noncontrolling interests in consolidated partnerships | ($298k) | ($265k) | $421k | ($195k) | ($190k) | $0 | $0 | ($248k) | $80k | $0 | |
| Noncontrolling interests in Operating Partnership | ($10.3m) | ($3.6m) | ($2.3m) | ($4.7m) | $1.9m | ($440k) | ($3.8m) | ($4.5m) | ($4.2m) | ($4.7m) | |
| Noncontrolling interests in other consolidated partnerships | ($298k) | ($265k) | $421k | ($195k) | ($190k) | $0 | $0 | ($248k) | $80k | $0 | |
| Net income | $4 | $1 | $1 | $2 | ($1) | $0 | $2 | $2 | $2 | $2 | |
| Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. | $193.7m | $139.6m | $89.6m | $180.4m | ($74.5m) | $18.7m | $167.9m | $202.8m | $201.4m | $234.3m | |
| Net income available to limited partners | $202.0m | $70.9m | $45.5m | $91.6m | ($37.8m) | $9.5m | $85.0m | $102.6m | $101.8m | $118.2m | |
| Net income available to general partner | $2.0m | $711k | $462k | $936k | ($388k) | $100k | $860k | $1.0m | $1.0m | $1.3m | |
| Interest expense | ($130.3m) | ($129.7m) | ($129.6m) | ($123.3m) | ($126.3m) | ($105.7m) | ($93.9m) | ($95.9m) | ($121.3m) | ($131.7m) | |
| Other income (expense) | $2.1m | $5.4m | $1.7m | ($5.5m) | $1.9m | ($3.2m) | $12.1m | $19.5m | $3.0m | $1.3m | |
| Total expenses | $707.8m | $655.0m | $772.2m | $744.9m | $738.5m | $647.1m | $654.7m | $661.1m | $750.9m | $820.9m | |
| Total other income (expense) | $84.4m | ($181.6m) | ($127.9m) | ($42.0m) | ($119.8m) | ($204.6m) | ($76.0m) | ($76.4m) | ($118.3m) | ($130.4m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.