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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Revenues: |  |  |  |
Rental revenue | $ 137,225 | $ 125,221 | $ 399,945 | $ 365,349
Management, leasing and other services | 2,507 | 2,485 | 7,152 | 7,095
Other revenue | 5,476 | 5,295 | 14,168 | 12,884
Total revenues | 145,208 | 133,001 | 421,265 | 385,328
Expenses: |  |  |  |
Property operating | 43,809 | 40,247 | 126,002 | 113,261
General and administrative | 18,614 | 18,215 | 56,599 | 56,518
Depreciation and amortization | 37,103 | 35,376 | 110,857 | 103,410
Total expenses | 99,526 | 93,838 | 297,707 | 273,189
Other income (expense): |  |  |  |
Interest expense | (16,439) | (15,493) | (48,610) | (45,546)
Other income (expense) | (116) | (52) | 75 | 755
Total other income (expense) | (16,555) | (15,545) | (48,535) | (44,791)
Income before equity in earnings of unconsolidated joint ventures | 29,127 | 23,618 | 75,023 | 67,348
Equity in earnings of unconsolidated joint ventures | 4,221 | 2,312 | 9,654 | 7,803
Net income | 33,348 | 25,930 | 84,677 | 75,151
Noncontrolling interests in Operating Partnership | (1,321) | (1,074) | (3,363) | (3,122)
Net income attributable to Tanger Inc. | $ 32,027 | $ 24,856 | $ 81,314 | $ 72,109
Basic earnings per common share/unit |  |  |  |
Net income (loss) (in dollars per share) | $ 0.28 | $ 0.23 | $ 0.72 | $ 0.66
Diluted earnings per common share/unit |  |  |  |
Net income (loss) (in dollars per share) | $ 0.28 | $ 0.22 | $ 0.71 | $ 0.65
Impairment charge | $ 0 | $ 0 | $ 4,249 | $ 0
Tanger Properties Limited Partnership |  |  |  |
Revenues: |  |  |  |
Rental revenue | 137,225 | 125,221 | 399,945 | 365,349
Management, leasing and other services | 2,507 | 2,485 | 7,152 | 7,095
Other revenue | 5,476 | 5,295 | 14,168 | 12,884
Total revenues | 145,208 | 133,001 | 421,265 | 385,328
Expenses: |  |  |  |
Property operating | 43,809 | 40,247 | 126,002 | 113,261
General and administrative | 18,614 | 18,215 | 56,599 | 56,518
Depreciation and amortization | 37,103 | 35,376 | 110,857 | 103,410
Total expenses | 99,526 | 93,838 | 297,707 | 273,189
Other income (expense): |  |  |  |
Interest expense | (16,439) | (15,493) | (48,610) | (45,546)
Other income (expense) | (116) | (52) | 75 | 755
Total other income (expense) | (16,555) | (15,545) | (48,535) | (44,791)
Income before equity in earnings of unconsolidated joint ventures | 29,127 | 23,618 | 75,023 | 67,348
Equity in earnings of unconsolidated joint ventures | 4,221 | 2,312 | 9,654 | 7,803
Net income | 33,348 | 25,930 | 84,677 | 75,151
Noncontrolling interests in Operating Partnership | 0 | 0 | 0 | 80
Net income attributable to Tanger Inc. | 33,348 | 25,930 | 84,677 | 75,231
Net income available to limited partners | 32,998 | 25,671 | 83,786 | 74,477
Net income available to general partner | $ 350 | $ 259 | $ 891 | $ 754
Basic earnings per common share/unit |  |  |  |
Net income (loss) (in dollars per share) | $ 0.28 | $ 0.23 | $ 0.72 | $ 0.66
Diluted earnings per common share/unit |  |  |  |
Net income (loss) (in dollars per share) | $ 0.28 | $ 0.22 | $ 0.71 | $ 0.65
Impairment charge | $ 0 | $ 0 | $ 4,249 | $ 0

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