Tanger Factory Outlet Centers (SKT) Reports In-Line Q2 EPS, Revenues Beat

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Tanger Reports Second Quarter Results

July 31, 2018 4:24 PM EDT

GREENSBORO, N.C., July 31, 2018 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three and six months ended June 30, 2018.

Second Quarter Financial Results and Key Highlights

Net income available to common shareholders was $0.24 per share, or $22.7 million, compared to $0.31 per share, or $29.1 million, for the prior year period. The prior year period was impacted by a gain on sale of assets totaling $6.9 million, or approximately $0.07 per share. No gains or losses were recognized from the sale of... More