Hot sectors in a tepid recovery
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CORRECTED - CORRECTED-(OFFICIAL)-TABLE-Tanger Factory Q4 FFO rises
(Company clarified $1.5 million charge mentioned in the first footnote is for fiscal 2006, not for the fourth quarter)
Feb 20 (Reuters) -
TANGER FACTORY OUTLET CENTERS INC. (SKT.N)
Latest Yr ago qtr FFO# (diluted, $/shr) 0.63 0.34 EPS (dil, $/shr) 0.23 -0.01 Net income ($ thousands) 8,759 125 Net income available to common shareholders
($ thousands) 7,353 -413
#Funds from operations
--The real estate investment trust said FFO and net income available to common shareholders for fiscal 2006 were reduced by a $1.5 million charge, $944,000 of which occurred in the fourth quarter, for the abandonment of acquisition due diligence costs.
--For the latest fourth quarter, four analysts on average expected the company to report FFO of 65 cents per share, according to Reuters Estimates (Reporting by Aniruddha Basu in Bangalore)
