Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2023 Earnings Conference Call April 28, 2023 8:00 AM ET
Company Participants
Ashley Curtis - Assistant Vice President, Investor Relations
Steven Tanger - Executive Chair
Stephen Yalof - Director, President and Chief Executive Officer
Michael Bilerman - Executive Vice President, Chief Financial Officer and Chief Investment Officer
Justin Stein - Executive Vice President, Leasing
Doug McDonald - Senior Vice President
Conference Call Participants
Greg McGinniss - Scotiabank
Todd Thomas - KeyBanc
Samir Khanal - Evercore ISI
Caitlin Burrows - Goldman Sachs
Floris van Dijkum - Compass Point
Craig Mailman - Citigroup
Michael Mueller - JPMorgan
Ashley Curtis
Good morning. This is Ashley Curtis, and I would like to welcome you to the Tanger Factory Outlet Centers First Quarter 2023 Conference Call. Yesterday evening, we issued our earnings release as well as our supplemental information package and investor presentation. This information is available on our Investor Relations website, investors.tangeroutlets.com.
Please note that during this conference call, some of management's comments will be forward-looking statements that are subject to numerous risks and uncertainties, and actual results could differ materially from those projected. We direct you to our filings with the Securities and Exchange Commission for a detailed discussion of these risks and uncertainties.
During the call, we will also discuss non-GAAP financial measures as defined by SEC Regulation G, including funds from operations or FFO, Core FFO, funds available for distribution, or FAD, same-center net operating income, adjusted EBITDAre and net debt. Reconciliations of these non-GAAP measures to the most directly comparable GAAP financial measures are included in our earnings release and in our supplemental information.
This call is being recorded for rebroadcast for a period of time in the future. As such, it is important to note that management's comments include time-sensitive information that may only be accurate as of today's date, April 28, 2023. At this time, all participants are in listen-only mode. Following management's prepared comments the call will be opened for your question. [Operator Instructions].
On the call today will be Steven Tanger, our Executive Chair; Stephen Yalof, President and Chief Executive Officer; and Michael Bilerman, Chief Financial Officer and Chief Investment Officer. In addition, other members of our leadership team will be available for Q&A.
I will now turn the call over to Steven Tanger. Please go ahead, Steve.
Steven Tanger
Good morning, and thank you for joining us for our first quarter 2023 earnings call. We had a very strong start to the year as we outperformed our expectations. Next month, we will be celebrating 30 years as a publicly traded company and to mark that milestone we will be ringing the closing bell on the New York Stock Exchange on May 10. It has been an incredible journey where Tanger Stock has delivered an above-market total shareholder return.