Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Tanger Factory Outlet Centers, Inc [Member]
    
ASSETS    
Land $ 148,002 $ 148,002
Buildings, improvements and fixtures 1,796,042 1,764,494
Construction in progress 3,308 3,549
Real Estate Investment Property, at Cost, Total 1,947,352 1,916,045
Accumulated depreciation (582,859) (512,485)
Total rental property, net 1,364,493 1,403,560
Cash and cash equivalents 10,335 7,894
Investments in unconsolidated joint ventures 126,632 28,481
Deferred lease costs and other intangibles, net 101,040 120,636
Deferred debt origination costs, net 9,083 8,861
Prepaids and other assets 60,842 52,383
Total assets 1,672,425 1,621,815
LIABILITIES AND EQUITY    
Senior, unsecured notes (net of discount of $1,967 and $2,237, respectively) 548,033 547,763
Unsecured term loans (net of discount of $547 and $692, respectively) 259,453 9,308
Mortgages payable (including premiums of $6,362 and $7,434, respectively) 107,745 111,379
Unsecured lines of credit 178,306 357,092
Total debt 1,093,537 1,025,542
Construction trade payables 7,084 13,656
Accounts payable and accrued expenses 41,149 37,757
Other liabilities 16,780 16,428
Total liabilities 1,158,550 1,093,383
Common shares, $.01 par value, 300,000,000 authorized, 94,061,384 and 86,727,656 shares issued and outstanding at December 31, 2012 and 2011, respectively 941 867
Paid in capital 766,056 720,073
Accumulated distributions in excess of net income (285,588) (261,913)
Accumulated other comprehensive income 1,200 1,535
Equity attributable to noncontrolling interests: 482,609 460,562
Noncontrolling interests in other consolidated partnerships 6,834 6,843
Noncontrolling interests in Operating Partnership 24,432 61,027
Total equity 513,875 528,432
Total liabilities and equity 1,672,425 1,621,815
Tanger Properties Limited Partnership [Member]
    
ASSETS    
Land 148,002 148,002
Buildings, improvements and fixtures 1,796,042 1,764,494
Construction in progress 3,308 3,549
Real Estate Investment Property, at Cost, Total 1,947,352 1,916,045
Accumulated depreciation (582,859) (512,485)
Total rental property, net 1,364,493 1,403,560
Cash and cash equivalents 10,295 7,866
Investments in unconsolidated joint ventures 126,632 28,481
Deferred lease costs and other intangibles, net 101,040 120,636
Deferred debt origination costs, net 9,083 8,861
Prepaids and other assets 60,408 52,059
Total assets 1,671,951 1,621,463
LIABILITIES AND EQUITY    
Senior, unsecured notes (net of discount of $1,967 and $2,237, respectively) 548,033 547,763
Unsecured term loans (net of discount of $547 and $692, respectively) 259,453 9,308
Mortgages payable (including premiums of $6,362 and $7,434, respectively) 107,745 111,379
Unsecured lines of credit 178,306 357,092
Total debt 1,093,537 1,025,542
Construction trade payables 7,084 13,656
Accounts payable and accrued expenses 40,675 37,405
Other liabilities 16,780 16,428
Total liabilities 1,158,076 1,093,031
Accumulated other comprehensive income 1,107 1,463
General partner 4,720 4,972
Limited partners 501,214 515,154
Total partners' equity 507,041 521,589
Noncontrolling interests in other consolidated partnerships 6,834 6,843
Partners' Capital, Including Portion Attributable to Noncontrolling Interest 513,875 528,432
Total liabilities and equity $ 1,671,951 $ 1,621,463