Tanger Q2 FFO $0.47 beats prior year; raises FY guidance; occupancy up 230bps YoY

TANGER INC.

2023-Q2 EPS reported $0.45 revenue$219,584,000

Net income $0.23 per share ($23.9M) vs $0.19 ($19.7M) in prior year.
FFO per share $0.47 ($52.4M) vs $0.45 ($48.8M) prior year; Core FFO same.
Portfolio occupancy up 70 bps sequentially and 230 bps YoY; 6th consecutive quarter of positive rent spreads.
Tanger Nashville grand opening Oct 27, 2023 at 95% leased; stabilized yield raised 50 bps.
Full-year 2023 guidance increased (specifics not detailed in release).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

TANGER INC. reported the three and six months ended June 30, 2023 results: net income $0.23 per share, or $23.9 million, EPS $0.23 per share. Guidance raised.

Period: the three and six months ended June 30, 2023
Net income: $0.23 per share, or $23.9 million
EPS: $0.23 per share
Guidance: raised
Result: reported results

Exact text from the filing

Tanger Reports Second Quarter Results and Raises Full-Year 2023 Guidance

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TANGER INC. filing history →

Source: SEC EDGAR

accession 0000899715-23-000125

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