Tanger Factory Outlet Centers (SKT) Reports In-Line Q1 AFFO
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Tanger Reports First Quarter 2016 Results
April 26, 2016 4:15 PM EDTGREENSBORO, N.C., April 26, 2016 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported adjusted funds from operations ("AFFO") available to common shareholders for the three months ended March 31, 2016 increased 12.0% to $0.56 per share, or $55.8 million, from $0.50 per share, or $49.8 million for the three months ended March 31, 2015. A reconciliation of funds from operations ("FFO") available to common shareholders, a widely accepted supplemental measure of REIT performance, to AFFO available to common shareholders is shown in the table below. Â
"While we are excited to report our first quarter... More
