Earnings Per Share of the Company (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

	Three months ended March 31,
	2024		2023
Numerator:
Net income attributable to Tanger Inc.	$	22,413	$	23,541
Less allocation of earnings to participating securities	(231)		(199)
Net income available to common shareholders of Tanger Inc.	$	22,182	$	23,342
Denominator:
Basic weighted average common shares	108,369		104,088
Effect of notional units	731		693
Effect of outstanding options	923		741
Diluted weighted average common shares	110,023		105,522
Basic earnings per common share:
Net income	$	0.20	$	0.22
Diluted earnings per common share:
Net income	$	0.20	$	0.22

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,
	2024		2023
Numerator:
Net income attributable to partners of the Operating Partnership	$	23,386	$	24,612
Less allocation of earnings to participating securities	(231)		(199)
Net income available to common unitholders of the Operating Partnership	$	23,155	$	24,413
Denominator:
Basic weighted average common units	113,077		108,826
Effect of notional units	731		693
Effect of outstanding options	923		741
Diluted weighted average common units	114,731		110,260
Basic earnings per common unit:
Net income	$	0.20	$	0.22
Diluted earnings per common unit:
Net income	$	0.20	$	0.22