Tanger Factory Outlet Centers (SKT) Misses Q1 EPS by 1c

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Go back to Tanger Factory Outlet Centers (SKT) Misses Q1 EPS by 1c

Tanger Reports First Quarter Results

May 6, 2019 4:15 PM EDT

GREENSBORO, N.C., May 6, 2019 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three months ended March 31, 2019.

First Quarter Results

Net income available to common shareholders was $0.66 per share, or $61.7 million, compared to $0.24 per share, or $22.6 million, for the prior year period. The current year period includes a gain on the sale of four outlet centers totaling $43.4 million, or $0.44 per share. Funds from operations ("FFO") available to common shareholders was $0.57 per share, or $55.9 million, compared to... More