Earnings Per Unit of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator:
Net income (loss) attributable to partners of the Operating Partnership	$	2,596	$	(23,890)	$	6,938	$	(52,199)
Less allocation of earnings to participating securities	(196)		(176)		(403)		(692)
Net income (loss) available to common unitholders of the Operating Partnership	$	2,400	$	(24,066)	$	6,535	$	(52,891)
Denominator:
Basic weighted average common units	105,204		97,543		102,299		97,480
Effect of notional units	818		—		685		—
Effect of outstanding options	771		—		728		—
Diluted weighted average common units	106,793		97,543		103,712		97,480
Basic earnings per common unit:
Net income (loss)	$	0.02	$	(0.25)	$	0.06	$	(0.54)
Diluted earnings per common unit:
Net income (loss)	$	0.02	$	(0.25)	$	0.06	$	(0.54)