Tanger Factory Outlet Centers Q4 Profit Rises - Quick Facts

(RTTNews) - Tanger Factory Outlet Centers, Inc. (SKT) reported that its fourth-quarter net income available to shareholders increased to $21.71 million or $0.23 per share, from $17.85 million or $0.19 per share, last year. Funds from operations available to shareholders was $52.27 million or $0.53 per share, for the quarter. AFFO per share was $0.53 for the quarter. On average, 12 analysts polled by Thomson Reuters expect the company to report profit per share of $0.51 for the quarter. Analysts' estimates typically exclude special items. Total revenues increased to $107.40 million, from $94.94 million, a year ago. Analysts expected revenue of $101.62 million for the quarter.