Tanger Factory Outlet Centers (SKT) Tops Q2 EPS by 7c

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Tanger Reports Second Quarter 2017 Results

August 1, 2017 4:59 PM EDT

GREENSBORO, N.C., Aug. 1, 2017 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three and six months ended June 30, 2017. 

Financial Results

For the second quarter of 2017, net income was $0.31 per common share, or $29.1 million, compared to $0.76 per common share, or $72.7 million, for the second quarter of 2016.  Net income was positively impacted in both periods by gains on the sale of assets or the acquisition of interests in previously held joint ventures.  These gains totaled $0.07 per common share, or... More