Tanger Q4 FFO/share $0.52 vs $0.47 YoY; full year FFO $1.96/share; introduces 2024 guidance

TANGER INC.

Q4 net income $0.22/share ($23.5M) vs $0.17/share ($18.1M) in prior year.
Full year net income $0.92/share ($98.0M) vs $0.77/share ($81.2M) in 2022.
Core FFO per share Q4 $0.52, full year $1.96; 2022: $0.47 and $1.83 respectively.
Expanded portfolio: opened Tanger Outlets Nashville, acquired Asheville and Bridge Street Town Centre.
Leasing momentum: 8th straight quarter positive rent spreads; record 2.3M sq ft leases in 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TANGER INC. reported the three months and year ended December 31, 2023 results: net income $23.5 million, EPS $0.22 per share.

Period: the three months and year ended December 31, 2023
Net income: $23.5 million
EPS: $0.22 per share
Result: reported results

Exact text from the filing

Net income available to common shareholders was $0.22 per share, or $23.5 million, compared to $0.17 per share, or $18.1 million, for the prior year period.

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TANGER INC. filing history →

Source: SEC EDGAR

accession 0000899715-24-000009

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