Tanger Factory Outlet Centers (SKT) Tops Q4 FFO by 1c, Offers FY16 Guidance
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Tanger Reports Year-End Results for 2015
February 9, 2016 4:16 PM ESTGREENSBORO, N.C., Feb. 9, 2016 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported adjusted funds from operations ("AFFO") available to common shareholders increased 12.7% to $2.22 per share, or $221.4 million, from $1.97 per share, or $194.9 million for the year ended December 31, 2014. AFFO available to common shareholders for the three months ended December 31, 2015 increased 9.4% to $0.58 per share, or $58.1 million for the three months ended December 31, 2015, from $0.53 per share, or $52.9 million for the three months ended December 31, 2014. A reconciliation of funds from operations ("FFO") available to common shareholders, a widely accepted supplemental... More
