Tanger raises FY2023 guidance; Q3 FFO $0.50 vs $0.47; occupancy up 150 bps YoY

TANGER INC.

2023-Q3 EPS reported $0.70 revenue$336,930,000

Q3 net income $0.26/sh ($27.2M); FFO $0.50/sh ($55.8M), up from $0.47/sh prior year.
Raised full-year 2023 FFO guidance; also implemented 6% dividend increase.
Occupancy up 80 bps sequentially and 150 bps YoY; 7th consecutive quarter of positive rent spreads.
Tanger Outlets Nashville opened in late Oct at 96.5% leased.

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 0.9

TANGER INC. reported three and nine months ended September 30, 2023 results: net income $0.26 per share, or $27.2 million. Guidance raised.

Period: three and nine months ended September 30, 2023
Net income: $0.26 per share, or $27.2 million
Guidance: raised
Result: reported results

Exact text from the filing

On November 6, 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 September 30, 2023.

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TANGER INC. filing history →

Source: SEC EDGAR

accession 0000899715-23-000147

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