Tanger Factory Outlet Centers (SKT) Posts Q4 AFFO of $0.61

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Tanger Reports Year-End Results For 2016

February 14, 2017 4:52 PM EST

GREENSBORO, N.C., Feb. 14, 2017 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three months and year ended December 31, 2016 and provided initial earnings guidance for 2017. 

For the year ended December 31, 2016, net income available to common shareholders was positively impacted by gains totaling $101.8 million, or $1.07 per share, related to the sale of an asset and the acquisition of interests in previously held joint ventures. Net income available to common shareholders for the three months and year ended December 31, 2015 were positively impacted by gains totaling... More