Tanger Q3 Core FFO $0.47/sh; tenant sales $448/sq ft, up 13% vs 2019

TANGER INC.

2022-Q3 EPS reported -$0.05 revenue$314,432,000

Core FFO of $51.8M ($0.47/sh) vs $42.6M ($0.44) prior year; GAAP net loss includes $33.8M debt extinguishment.
Occupancy 94.3% at quarter end, up 130 bps sequentially, up 140 bps YoY.
Tenant sales per sq ft $448, 13% above 2019; percentage rental more than doubled vs 2019.
Traffic at ~99% of Q3 2019 levels; non-store revenue (paid media/marketing) gaining traction.
Leverage below 6x net debt/EBITDA target; strong liquidity with undrawn credit lines.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.