Tanger Q1 net income $0.17/sh down YoY; Core FFO $0.53/sh up, includes $4.2M impairment

TANGER INC.

2025-Q1 EPS reported $0.17 revenue$135,363,000

Net income available to common shareholders $19.0M ($0.17 per share) vs $22.2M ($0.20) in Q1 2024.
Core FFO $62.7M ($0.53 per share) vs $60.1M ($0.52) prior year, a 1.9% per-share increase.
Includes non-cash impairment of $4.2M ($0.04/sh) on the Howell, MI center sold in April 2025.
Management cites strong tenant demand, positive leasing spreads, and a low-leverage balance sheet with ample liquidity.

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