TANGER FACTORY OUTLET CENTERS, INC (SKT) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q/A	10-K	10-Q	10-Q/A	10-Q/A	10-K
Total revenues	110.6	105.8	108.9	0.0	0.0	101.3	100.7	0.0
Revenue growth	4.5%	4.5%	8.1%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	110.6	105.8	108.9	0.0	0.0	101.3	100.7	0.0
Gross margin	100.0%	100.0%	100.0%			100.0%	100.0%
Selling, general and administrative	77.4	78.2	78.5			74.7	80.3
Equity in earnings
Other operating expenses	19.3	18.0	11.5			53.4	14.2
EBITDA [+]	39.3	35.8	45.2			0.9	34.4
EBITDA growth	9.9%	3983.5%	31.5%					-100.0%
EBITDA margin	35.6%	33.8%	41.5%			0.9%	34.1%
Depreciation and amortization	25.4	26.2	26.2			27.7	28.2
EBIT [+]	14.0	9.6	18.9	0.0	0.0	-26.9	6.2	0.0
EBIT growth	45.5%	-135.7%	205.1%					-100.0%
EBIT margin	12.6%	9.1%	17.4%			-26.5%	6.2%
Interest expense
Interest expense	12.0	11.6	11.6			13.3	14.4
Other income (expense), net [+]	21.6	20.6	11.6			40.1	10.7
Other							-3.6
Pre-tax income	23.6	18.6	18.9	0.0	0.0	-0.1	2.6	0.0
Income taxes	-1.7	-2.2	-2.5	0.0	0.0	-2.7	-1.8	0.0
Tax rate						2066.7%
Minority interest	1.1	0.9
Net income	25.0	24.7	17.2	13.1	-10.6	2.6	4.3	0.3
Net margin	22.6%	23.3%	15.8%			2.5%	4.3%

Basic EPS [+]	$0.23	$0.23	$0.16	$0.06	($0.05)	$0.02	$0.04	$0.00
Growth	0.7%	833.4%	267.3%	4500.9%		-120.5%	-130.5%	-99.7%
Diluted EPS [+]	$0.23	$0.23	$0.16	$0.06	($0.05)	$0.02	$0.04	$0.00
Growth	0.4%	837.8%	265.8%	4432.1%		-120.2%	-130.2%	-99.7%

Dividends per share [+]	$0.25	$0.20	$0.18			$0.18	$0.18
Growth	22.5%	12.7%	2.8%

Shares outstanding (basic) [+]	109.1	108.4	108.3	205.6	211.3	105.2	99.6	190.1
Growth	0.7%	3.0%	8.7%	8.1%		-44.7%	-47.6%	-0.2%
Shares outstanding (diluted) [+]	110.6	109.5	109.8	208.7	211.3	106.8	100.6	190.1
Growth	1.0%	2.5%	9.2%	9.8%		-43.8%	-47.0%	-0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.