Tanger raises full-year 2024 guidance; Q3 FFO per share up 8% YoY to $0.54

TANGER INC.

2024-Q3 EPS reported $0.65 revenue$385,328,000

Q3 net income $0.22/diluted share ($24.6M) vs $0.26 prior year; FFO $0.54/share ($62.7M) up from $0.50.
Full-year 2024 guidance raised; 11th consecutive quarter of positive rent spreads.
All centers open after Hurricanes Helene and Milton; Asheville center reopened after temporary closure.
Strong balance sheet with no major maturities until late 2026.

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