Tanger Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	550.9	497.52	438.89	421.42	407.77
Service and Other Revenue	30.67	28.55	25.52	21.19	18.76
Revenue	581.56	526.06	464.41	442.61	426.53
Revenue Growth (YoY)	10.55%	13.28%	4.92%	3.77%	9.37%
Property Expenses	176.5	158.73	145.55	143.94	140.74
Total Property Expenses	176.5	158.73	145.55	143.94	140.74
Gross Profit	405.06	367.33	318.86	298.68	285.79
Selling, General & Admin	78.72	78.02	76.13	71.53	65.82
Depreciation & Amortization Expenses	150.98	138.69	108.89	111.9	110.01
Other Operating Expenses	4.25	-	-	-	6.99
Operating Income	171.11	150.62	133.84	115.24	102.98
Net Gains on Disposal of Properties	-	-	-	3.16	-
Interest Income	13.58	11.29	8.24	8.59	8.9
Interest Expense	-65.86	-60.64	-47.93	-46.97	-52.87
Other Non-Operating Income (Expense)	0.67	1.48	9.73	6.25	46.27
Total Non-Operating Income (Expense)	-51.61	-47.86	-29.96	-28.97	2.3
Pretax Income	119.5	102.76	103.88	86.28	105.28
Net Income	114.78	98.6	99.15	82.06	9.12
Minority Interest in Earnings	-4.73	-4.17	-4.73	-3.77	-0.44
Net Income to Common	114.78	98.6	99.15	82.06	9.12
Net Income Growth	16.41%	-0.56%	20.82%	800.01%	-
Shares Outstanding (Basic)	113	109	105	105	100
Shares Outstanding (Diluted)	115	111	107	107	102
Shares Change (YoY)	3.28%	4.27%	-0.04%	4.51%	10.11%
EPS (Basic)	1.01	0.89	0.94	0.78	0.08
EPS (Diluted)	0.99	0.88	0.92	0.77	0.08
EPS Growth	12.50%	-4.35%	19.48%	862.50%	-
Free Cash Flow	16.34	76.5	-229.05	141.61	169.36
Free Cash Flow Growth	-78.64%	-	-	-16.38%	26.10%
Free Cash Flow Per Share	0.14	0.69	-2.15	-	1.66
Dividends Per Share	1.170	1.100	1.010	0.840	0.720
Dividend Growth	6.36%	8.91%	20.24%	16.67%	34.58%
Gross Margin	69.65%	69.83%	68.66%	67.48%	67.00%
Operating Margin	29.42%	28.63%	28.82%	26.04%	24.14%
Profit Margin	20.55%	19.53%	22.37%	19.39%	2.24%
FCF Margin	2.81%	14.54%	-49.32%	31.99%	39.71%
EBITDA	322.09	289.31	242.73	227.15	212.98
EBITDA Margin	55.38%	55.00%	52.27%	51.32%	49.93%
EBIT	171.11	150.62	133.84	115.24	102.98
EBIT Margin	29.42%	28.63%	28.82%	26.04%	24.14%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.