Tanger: Q3 Earnings Snapshot
By AP News
Published - Nov 06, 2024, 04:57 PM ET
Last Updated - Nov 06, 2024, 04:57 PM EST
GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Tanger Inc. (SKT) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Greensboro, North Carolina, said it had funds from operations of $62.7 million, or 54 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $24.6 million, or 22 cents per share.
