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Tanger Factory Outlet Centers Tops Q1 EPS by 6c

Published 05/05/2022, 22:58
SKT
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Tanger Factory Outlet Centers (NYSE:SKT) reported Q1 EPS of $0.19, $0.06 better than the analyst estimate of $0.13.

  • FFO available to common shareholders was $0.45 per share, or $49.4 million, compared to $0.38 per share, or $38.2 million, for the prior year period.
  • Core FFO available to common shareholders was $0.45 per share, or $49.4 million, compared to $0.40 per share, or $40.6 million, for the prior year period. Core FFO for the first quarter of 2021 excluded general and administrative expense of $2.4 million, or $0.02 per share, for compensation costs related to a voluntary retirement plan and other executive severance costs, which the Company does not consider indicative of its ongoing operating performance.

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