Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 35c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

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Go back to Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 35c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

Tanger Reports Fourth Quarter And Full Year Results

January 27, 2020 6:00 AM EST

GREENSBORO, N.C., Jan. 27, 2020 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported financial and operating results for the three months and year ended December 31, 2019.

Fourth Quarter Results

Net loss available to common shareholders was $0.13 per share, or $12.1 million, compared to net income available to common shareholders of $0.21 per share, or $19.4 million, for the prior year period. The current year period is inclusive of a $0.04 per share dilutive impact related to assets sold in March 2019, net of interest expense savings... More