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More on Tanger Factory's Q3 beat

Oct. 28, 2015 7:54 AM ETTanger Inc. (SKT) StockSKTBy: Stephen Alpher, SA News Editor1 Comment
  • Q3 adjusted FFO of $59.4M or $0.59 per share vs. $51.6M and $0.52 one year ago.
  • Same-center NOI up 3.3% during the quarter vs. 1.4% a year ago.
  • Period-end occupancy of 97.2% up 40 basis points from 90 days earlier.
  • Blended average base rental rates on renewed and released space up 24.6% for first nine months of year, up 40 basis points from 2014.
  • Average tenant sales up 1% to $394 per square foot for the last twelve months ended Sept. 30.
  • Full-year FFO guidance of $2.16-$2.20 per share.
  • Conference call at 10 ET
  • Previously: Tanger Factory beats by $0.02, beats on revenue (Oct. 27)
  • SKT flat premarket

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