Tanger Q1 Core FFO $0.52/share, raises FY2024 guidance

TANGER INC.

2024-Q1 EPS reported $0.20 revenue$123,371,000

Net income $0.20/diluted share ($22.2M) vs $0.22 ($23.3M) prior year.
Core FFO $0.52/share ($60.1M) vs $0.46 ($51.2M); FFO $0.51/share ($58.6M).
Same center occupancy up 60 bps YoY; 9th consecutive quarter of positive rent spreads.
Raised full-year 2024 guidance; recent 6% dividend increase.
Strengthened liquidity: increased, extended, and improved pricing of unsecured lines of credit in April.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TANGER INC. reported for the quarter ended March 31, 2024 results: net income Net income available to common shareholders was $0.20 per share, or $22.2 million, EPS $0.20 per share. Guidance raised.

Period: for the quarter ended March 31, 2024
Net income: Net income available to common shareholders was $0.20 per share, or $22.2 million
EPS: $0.20 per share
Guidance: raised
Result: reported results

Exact text from the filing

Tanger Reports First Quarter Results and Raises Full-Year 2024 Guidance

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TANGER INC. filing history →

Source: SEC EDGAR

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