Tanger Q2 2024: FFO per share $0.53, raises full-year guidance

TANGER INC.

2024-Q2 EPS reported $0.43 revenue$252,327,000

Net income $0.22 per share ($24.6M) vs $0.23 per share ($23.9M) in Q2 2023.
FFO per share $0.53 ($60.9M) vs $0.47 ($52.4M) in prior-year quarter.
Year-to-date FFO $1.04 per share ($119.5M) up from $0.95 ($104.4M) in 2023.
10th consecutive quarter of positive leasing spreads; full-year 2024 guidance raised.
No significant debt maturities until late 2026; balance sheet well-positioned.

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