TANGER REPORTS SECOND QUARTER RESULTS
Drives Blended Rent Spreads of 4.1% Grows Occupancy by 170 Basis Points to 94.9% Raises Midpoint of Guidance GREENSBORO, N.C. , Aug. 8, 2022 |PRNewswire| -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three and six months ended June 30, 2022. "Our results for the first half of 2022 demonstrate the continued achievement of our strategic priorities: accelerating leasing, commercializing marketing and reshaping operations at Tanger''s open-air shopping destinations," said Stephen Yalof , President and Chief Executive Officer. "With a focus on delivering continued NOI growth, we are executing permanent leases with solid rent spreads, growing our occupancy and lengthening lease terms. This leasing momentum and sustained traffic levels reflect retailers'' enthusiasm to be located in our centers and consumers recognizing the value that can be found at Tanger." Mr.
TANGER REPORTS SECOND QUARTER RESULTS
Drives Blended Rent Spreads of 4.1% Grows Occupancy by 170 Basis Points to 94.9% Raises Midpoint of Guidance GREENSBORO, N.C. , Aug. 8, 2022 |PRNewswire| -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT ), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three and six months ended June 30, 2022. "Our results for the first half of 2022 demonstrate the continued achievement of our strategic priorities: accelerating leasing, commercializing marketing and reshaping operations at Tanger''s open-air shopping destinations," said Stephen Yalof , President and Chief Executive Officer. "With a focus on delivering continued NOI growth, we are executing permanent leases with solid rent spreads, growing our occupancy and lengthening lease terms. This leasing momentum and sustained traffic levels reflect retailers'' enthusiasm to be located in our centers and consumers recognizing the value that can be found at Tanger." Mr.