Michael Kors 7 phone case
Uncategorized / December 16, 2017

On the call today will be Steven Tanger, President and Chief Executive Officer; and Frank Marchisello,Michael Kors 7 phone case Executive Vice President and Chief Financial Officer.I will now turn the call over to Steven Tanger. Please go ahead, Steve.Thank you Cindy and good morning everyone. Tanger solid 2012 operating performance continued through the third quarter, as evidenced by four key metrics: same-center net operating income, rental rate spreads, tenant comparable sales, and occupancy. Strong same-center NOI growth of 5.6% during the quarter, which marks our 31st consecutive quarter of positive NOI comps, was the result of our ability to successfully increase rental rates and occupancy. We achieved a blended straight-line increase in rents of 31.3% for the quarter, boosting our year-to-date spread to 24.9%. Comparable tenant sales increased 7% in the quarter and 5.4% for the rolling 12 months ended September 30, 2012 to a record $381 per square foot. Occupancy at the end of the third quarter was 98.6%, compared favorably on a year-over-year basis and on a sequential quarterly basis.Michael Kors 7 phone case Occupancy at September 30, 2011 was 98.3% and at June 30, 2012 98%.Good morning everyone. Thanks for joining us on a very important…