Tanger Q4 2022 Core FFO $0.47/share, occupancy up 170 bps, introduces 2023 guidance

TANGER INC.

Q4 net income $0.17/share ($18.1M) vs $0.12/share ($13.0M) in 2021; includes $0.03 gain on sale.
Q4 Core FFO $0.47/share ($51.8M) vs $0.45/share ($49.6M) in 2021.
Full year Core FFO $1.83/share ($201.8M) vs $1.76/share ($188.4M) in 2021.
Occupancy grew 170 bps YoY; blended rent spreads +10.1% for comparable leases in 2022.
Introduced 2023 guidance; expects to open 37th center in Nashville fall 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TANGER INC. reported the three months and year ended December 31, 2022 results: net income Net income available to common shareholders was $0.17 per share, or $18.1 million, EPS $0.17 per share. Guidance initiated.

Period: the three months and year ended December 31, 2022
Net income: Net income available to common shareholders was $0.17 per share, or $18.1 million
EPS: $0.17 per share
Guidance: initiated
Result: reported results

Exact text from the filing

On February 21, 2023, Tanger Factory Outlet Centers, Inc. (the "Company") issued a press release announcing its results of operations and financial condition as of and for the quarter ended December 31, 2022.

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TANGER INC. filing history →

Source: SEC EDGAR

accession 0000899715-23-000039

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