Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 5c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus

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Go back to Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 5c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus

Tanger Reports Fourth Quarter And Year End Results

February 13, 2019 4:15 PM EST

GREENSBORO, N.C., Feb. 13, 2019 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three months and year ended December 31, 2018.

Fourth Quarter Results

Net income available to common shareholders was $0.21 per share, or $19.4 million, compared to net income available to common shareholders of $0.33 per share, or $31.2 million, for the prior year period.  The current year period was impacted by a non-cash impairment charge related to certain assets in a Canadian unconsolidated joint venture totaling $7.2 million, or $0.07 per share. Funds... More