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
Rental Revenue	550.9	497.52	438.89	421.42	407.77
Property Management Fees	9.77	9.65	8.66	7.16	6.41
Other Revenue	34.47	30.19	25.1	22.63	21.25
Total Revenue	595.14	537.35	472.65	451.21	435.43
Revenue Growth (YoY	10.76%	13.69%	4.75%	3.62%	10.46%
Property Expenses	158.7	139.46	126.94	126.29	120.1
Selling, General & Administrative	96.52	95.74	95.54	89.18	86.45
Depreciation & Amortization	150.98	138.69	108.89	111.9	110.01
Total Operating Expenses	406.2	373.89	331.37	327.37	316.56
Operating Income	188.94	163.47	141.28	123.84	118.87
Interest Expense	-65.86	-60.64	-47.93	-46.97	-52.87
Currency Exchange Gain (Loss)	-	-	-	-	-3.6
Other Non-Operating Income	0.67	1.48	9.73	6.03	2.01
EBT Excluding Unusual Items	123.75	104.31	103.08	82.9	64.41
Gain (Loss) on Sale of Assets	-	-	-	3.16	-
Asset Writedown	-4.25	-	-	-	-6.99
Other Unusual Items	-	-	-	-0.22	-47.86
Pretax Income	119.5	102.76	103.88	85.83	9.56
Earnings From Continuing Operations	119.5	102.76	103.88	85.83	9.56
Minority Interest in Earnings	-4.73	-4.17	-4.73	-3.77	-0.44
Net Income	114.78	98.6	99.15	82.06	9.12
Preferred Dividends & Other Adjustments	0.87	0.92	1.19	0.87	0.8
Net Income to Common	113.9	97.68	97.97	81.19	8.31
Net Income Growth	16.41%	-0.56%	20.82%	800.01%	-
Basic Shares Outstanding	113	109	105	104	100
Diluted Shares Outstanding	115	111	107	106	102
Shares Change (YoY)	3.28%	4.27%	0.85%	3.59%	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%	-
Dividend Per Share	1.170	1.100	1.010	0.840	0.720
Dividend Growth	6.36%	8.91%	20.24%	16.67%	34.58%
Operating Margin	31.75%	30.42%	29.89%	27.45%	27.30%
Profit Margin	19.14%	18.18%	20.73%	18.00%	1.91%
EBITDA	320.08	285.59	242.01	225.56	218.47
EBITDA Margin	53.78%	53.15%	51.20%	49.99%	50.17%
D&A For Ebitda	131.14	122.12	100.74	101.72	99.6
EBIT	188.94	163.47	141.28	123.84	118.87
EBIT Margin	31.75%	30.42%	29.89%	27.45%	27.30%
Funds From Operations (FFO)	277.99	245.45	-	-	-
FFO Per Share	2.33	2.12	-	-	-
Adjusted Funds From Operations (AFFO)	277.99	246.99	-	-	-
AFFO Per Share	2.33	2.13	-	-	-
FFO Payout Ratio	47.56%	48.99%	-	-	-
Revenue as Reported	581.56	526.06	464.41	442.61	426.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q