Tanger Outlets-Tanger (SKT) Q2 FFO and Revenues Top Estimates

Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.53 per share, beating the Zacks Consensus Estimate of$ 0.52 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.92%. A quarter ago, it was expected that this factory outlet mall operator would post FFO of$ 0.51 per share when it actually produced FFO of $0.52, delivering a surprise of 1.96%. Over the last four quarters, th ...