Tanger Factory Outlet Centers, Inc. (SKT) CEO Steven Tanger on Q1 2020 Results - Earnings Call Transcript

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2020 Results Conference Call May 12, 2020 8:00 AM ET

Company Participants

Cyndi Holt - VP, IR
Steven Tanger - CEO
Stephen Yalof - President and COO
Jim Williams - EVP and CFO

Conference Call Participants

Christy McElroy - Citi
Todd Thomas - KeyBanc
Greg McGinniss - Scotiabank
Samir Khanal - Evercore
Craig Schmidt - Bank of America
Vince Tibone - Green Street Advisors
Mike Mueller - JP Morgan
Michael Bilerman - Citi

Operator

Good morning and welcome to the Tanger Factory Outlet Centers First Quarter 2020 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Cyndi Holt, Vice President of Investor Relations. Please go ahead.

Cyndi Holt

Good morning. This is Cyndi Holt, Vice President of Investor Relations, and I would like to welcome you to the Tanger Factory Outlet Centers' first quarter 2020 conference call. Yesterday evening, we issued our earnings release as well as our supplemental information package and investor presentation. This information is available on our Investor Relations website, investors.tangeroutlets.com.

Please note that during this conference call, some of management's comments will be forward-looking statements that are subject to numerous risks and uncertainties and actual results could differ materially from those projected. We direct you to our filings with the Securities and Exchange Commission for a detailed discussion of these risks and uncertainties.

During the call, we will also discuss non-GAAP financial measures as defined by SEC Regulation G, including funds from operations, or FFO, core FFO, same center net operating income and adjusted EBITDA. Reconciliations of these non-GAAP measures to the most directly comparable GAAP financial measures are included in our earnings