The 2021 period includes a non-cash impairment charge of $7.0 million, or $0.06 per share related to its asset in Mashantucket (Foxwoods), Connecticut. Net income available to common shareholders was $0.12 per share, or $13.0 million, compared to net income available to common shareholders of $0.00 per share, or $0.3 million, for the 2020 period.The meaningful progress that we have demonstrated provides us with confidence to invest in our centers, our technology, our team and external opportunities to unlock additional value in our portfolio and for our shareholders," he added. We also remain focused on continuing to broaden our tenant mix with highly productive, desirable brands and other uses new to our platform. "As we look ahead, we remain optimistic about our ability to drive NOI growth at our centers, through a combination of occupancy gains, improving rent spreads and increasing revenues from non-store sources such as on-site media and marketing partnerships. We believe this momentum will continue to grow cash flow," said Stephen Yalof, President and Chief Executive Officer. These trends demonstrate consumers' desire to shop at our open-air centers and retailers' commitment to the distribution channel. Cash blended rent spreads improved 220 basis points sequentially and 650 basis points year over year, including positive renewal spreads. Occupancy grew to 95.3%, representing increases of 90 basis points sequentially and 310 basis points year over year. Tenant sales for the total portfolio reached another all-time high of $468 per square foot, generating significant percentage rental growth. Domestic traffic during the quarter exceeded 2019 levels. "We are pleased to report another quarter of strong results, driven by positive traffic and tenant sales and accelerating leasing trends at our open-air centers. (NYSE:SKT), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three months and year ended December 31, 2021. GREENSBORO, N.C., Feb. 17, 2022 /PRNewswire/ - Tanger Factory Outlet Centers, Inc.
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