CORRECTED - CORRECTED-(OFFICIAL)-TABLE-Tanger Factory Q4 FFO rises

Wed Feb 21, 2007 9:48am EST
 
[-] Text [+]
  (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)


 
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