Tanger sees Q1 funds from operations increase 17.4%

04/29/2010 | American City Business Journals

Tanger Factory Outlet Centers reported its first-quarter funds from operations rose 17.4% to $29 million, due in large part to the rallying retail sector. The company said its base rental rates on renewals increased 8.8% while rental rates for new tenants increased an average of 22.5% for the quarter.

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