Tanger Factory Outlet Centers (SKT) Tops Q2 EPS by 3c

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Go back to Tanger Factory Outlet Centers (SKT) Tops Q2 EPS by 3c

Tanger Reports Second Quarter 2015 Results

August 4, 2015 4:05 PM EDT

GREENSBORO, N.C., Aug. 4, 2015 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported funds from operations ("FFO") available to common shareholders, a widely accepted supplemental measure of REIT performance, increased 14.9% to $0.54 per share, or $54.1 million for the three months ended June 30, 2015, from $0.47 per share, or $46.1 million for the three months ended June 30, 2014.  Adjusted funds from operations ("AFFO") for the six months ended June 30, 2015 increased 13.0% to $1.04 per share, or $103.9 million, from $0.92 per share, or $90.5 million for the six months ended June 30, 2014.  A reconciliation of FFO to AFFO is... More