7 unchanged sentences
In May 2021, the Company’s Board of Directors authorized the repurchase of up to $80.0 million of the Company’s outstanding shares through May 31, 2023.
−Removed: This authorization replaced a previous repurchase authorization for approximately $80.0 million that expired in May 2021.
−Removed: In June 2020, we amended our debt agreements primarily to improve future covenant flexibility and such amendments included a prohibition on share repurchases for twelve months starting July 1, 2020 (the “Repurchase Covenant”).
−Removed: The Company temporarily suspended share repurchases for at least the twelve months starting July 1, 2020 and ending on June 30, 2021 in light of the Repurchase Covenant.
−Removed: On July 1, 2021, the Repurchase Covenant expired.
Repurchases may be made from time to time through open market, privately-negotiated, structured or derivative transactions (including accelerated share repurchase transactions), or other methods of acquiring shares.
11 unchanged sentences
For certain restricted common shares that vested during the three months ended December 31, 2022, we withheld shares with value equivalent up to the employees' obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities.
−Removed: The total number of shares withheld upon vesting was approximately 18,560 for the three months ended December 31, 2021.
+Added: The total number of shares withheld upon vesting was 10,054 for the three months ended December 31, 2022.
The Company operates in a manner intended to enable it to qualify as a REIT under the Internal Revenue Code.
2 unchanged sentences
Certain of our debt agreements limit the payment of dividends such that dividends shall not exceed funds from operations ("FFO"), as defined in the agreements, for the prior fiscal year on an annual basis or 95% of FFO on a cumulative basis.
−Removed: Given the uncertainty related to the pandemic’s near and potential long-term impact, in May 2020 the Company’s Board of Directors temporarily suspended dividend distributions to conserve approximately $35.0 million in cash per quarter and preserve our balance sheet strength and flexibility.
−Removed: Beginning in January 2021, the Board reinstated dividend distributions and paid dividends on a quarterly basis for the year ended December 31, 2021.
−Removed: On January 13, 2022, the Board declared a dividend of $0.1825 per share paid in February 2022.
+Added: During 2021 and 2022, the Company paid dividends aggregating $0.7150 and $0.8025 per share, respectively.
+Added: On January 19, 2023, the Board declared a quarterly dividend of $0.22 per share paid on February 15, 2023.
The Board continues to evaluate the potential for future dividend distributions on a quarterly basis.
16 unchanged sentences
Dow Jones Equity All REIT Index 100.00 95.90 123.46 117.54 165.97 124.47
−Removed: 100.00 108.69 104.23 134.18 127.76 180.39
Dow Jones U.S.
1 unchanged sentence
100.00 90.15 95.37 60.83 95.34 82.19
−Removed: (1) In the 2020, we were using the SNL US REIT Equity and SNL US REIT Retail indexes, These indexes were retired in August 2021 and we now are using comparable replacement indexes.
+Added: S&P 500 Index 100.00 95.62 125.72 148.85 191.58 156.88
Tanger Properties Limited Partnership Market Information
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.