Tanger Factory Outlet (SKT) Misses Q1 FFO by 1c; Boosts FY11 FFO Outlook
Tanger Factory Outlet Centers Inc. (NYSE: SKT) reported Q1 FFO of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $70.74 million versus the consensus estimate of $69.03 million.
Raises lower-end of FY2011 FFO to $1.37 - $1.41, versus the consensus of $1.40.
Raises lower-end of FY2011 FFO to $1.37 - $1.41, versus the consensus of $1.40.