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

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Tanger Reports Second Quarter 2016 Results

July 26, 2016 4:20 PM EDT

GREENSBORO, N.C., July 26, 2016 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported net income available to common shareholders for the three months ended June 30, 2016 increased 192.3% to $0.76 per share, or $72.7 million, from $0.26 per share, or $24.2 million, for the three months ended June 30, 2015.    Net income available to common shareholders for the six months ended June 30, 2016 increased 67.7% to $1.04 per share, or $99.5 million, from $0.62 per share, or $58.3 million, for the six months ended June 30, 2015.  Net income for the three and six months ended June 30, 2016 was positively impacted by a $49.3 million... More