Earnings Per Unit of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2021

Tanger Properties Limited Partnership [Member]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts):

	Three months ended March 31,
	2021		2020
Numerator:
Net income (loss) attributable to partners of the Operating Partnership	$	4,342	$	(28,309)
Less allocation of earnings to participating securities	(207)		(516)
Net income (loss) available to common unitholders of the Operating Partnership	$	4,135	$	(28,825)
Denominator:
Basic weighted average common units	99,606		97,411
Effect of notional units	288		—
Effect of outstanding options	717		—
Diluted weighted average common units	100,611		97,411
Basic earnings per common unit:
Net income (loss)	$	0.04	$	(0.30)
Diluted earnings per common unit:
Net income (loss)	$	0.04	$	(0.30)