Tanger Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	532.11	497.52	438.89	421.42	407.77	377.93
Property Management Fees	9.7	9.65	8.66	7.16	6.41	4.94
Other Revenue	33.33	30.19	25.1	22.63	21.25	11.34
Total Revenue	575.14	537.35	472.65	451.21	435.43	394.21
Revenue Growth (YoY	10.01%	13.69%	4.75%	3.62%	10.46%	-18.92%
Property Expenses	152.2	139.46	126.94	126.29	120.1	116.7
Selling, General & Administrative	97.38	95.74	95.54	89.18	86.45	68.17
Depreciation & Amortization	146.14	138.69	108.89	111.9	110.01	117.14
Total Operating Expenses	395.71	373.89	331.37	327.37	316.56	302.01
Operating Income	179.43	163.47	141.28	123.84	118.87	92.2
Interest Expense	-63.7	-60.64	-47.93	-46.97	-52.87	-63.14
Currency Exchange Gain (Loss)	-	-	-	-	-3.6	-
Other Non-Operating Income	0.8	1.48	9.73	6.03	2.01	0.93
EBT Excluding Unusual Items	116.54	104.31	103.08	82.9	64.41	29.98
Gain (Loss) on Sale of Investments	-	-	-	-	-	-3.09
Gain (Loss) on Sale of Assets	-	-	-	3.16	-	2.32
Asset Writedown	-4.25	-	-	-	-6.99	-67.23
Other Unusual Items	-	-	-	-0.22	-47.86	-
Pretax Income	112.29	102.76	103.88	85.83	9.56	-38.01
Earnings From Continuing Operations	112.29	102.76	103.88	85.83	9.56	-38.01
Minority Interest in Earnings	-4.49	-4.17	-4.73	-3.77	-0.44	1.74
Net Income	107.8	98.6	99.15	82.06	9.12	-36.28
Preferred Dividends & Other Adjustments	0.88	0.92	1.19	0.87	0.8	0.69
Net Income to Common	106.92	97.68	97.97	81.19	8.31	-36.97
Net Income Growth	12.42%	-0.56%	20.82%	800.01%	-	-
Basic Shares Outstanding	112	109	105	104	100	93
Diluted Shares Outstanding	114	111	107	106	102	93
Shares Change (YoY)	3.82%	4.27%	0.85%	3.59%	10.11%	-0.21%
EPS (Basic)	0.95	0.89	0.94	0.78	0.08	-0.40
EPS (Diluted)	0.94	0.88	0.92	0.77	0.08	-0.40
EPS Growth	8.00%	-4.35%	19.48%	862.50%	-	-
Dividend Per Share	1.153	1.100	1.010	0.840	0.720	0.535
Dividend Growth	6.22%	8.91%	20.24%	16.67%	34.58%	-62.32%
Operating Margin	31.20%	30.42%	29.89%	27.45%	27.30%	23.39%
Profit Margin	18.59%	18.18%	20.73%	18.00%	1.91%	-9.38%
EBITDA	308.42	285.59	242.01	225.56	218.47	199.66
EBITDA Margin	53.63%	53.15%	51.20%	49.99%	50.17%	50.65%
D&A For Ebitda	128.99	122.12	100.74	101.72	99.6	107.46
EBIT	179.43	163.47	141.28	123.84	118.87	92.2
EBIT Margin	31.20%	30.42%	29.89%	27.45%	27.30%	23.39%
Funds From Operations (FFO)	265.65	245.45	218.45	-	-	-
FFO Per Share	2.24	2.12	1.96	-	-	-
Adjusted Funds From Operations (AFFO)	-	246.99	217.65	-	-	-
AFFO Per Share	-	2.13	1.96	-	-	-
FFO Payout Ratio	48.55%	48.99%	47.50%	-	-	-
Revenue as Reported	562	526.06	464.41	442.61	426.53	389.99

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.