Tanger Factory Outlet Centers (SKT) Tops Q3 EPS by 3c

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Tanger Reports Third Quarter 2016 Results

October 25, 2016 4:25 PM EDT

GREENSBORO, N.C., Oct. 25, 2016 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported net income available to common shareholders for the three months ended September 30, 2016 increased 56.5% to $0.72 per share, or $68.5 million, from $0.46 per share, or $43.6 million, for the three months ended September 30, 2015.  Net income available to common shareholders for the nine months ended September 30, 2016 increased 63.0% to $1.76 per share, or $168.0 million, from $1.08 per share, or $101.9 million, for the nine months ended September 30, 2015. 

Net income for the three and nine months ended September 30, 2016 was positively impacted by a... More