Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Tanger Factory Outlet Centers, Inc [Member]
      
Revenues      
Base rentals $ 235,233 $ 207,637 $ 178,976
Percentage rentals 11,172 9,084 7,914
Expense reimbursements 100,074 89,620 80,627
Other income 10,518 8,882 8,786
Total revenues 356,997 315,223 276,303
Expenses      
Property operating 111,160 100,246 92,898
General and administrative 37,452 30,132 24,553
Acquisition costs 117 2,736 82
Abandoned development costs 0 158 365
Impairment charge 0 0 735
Depreciation and amortization 98,683 84,015 78,039
Total expenses 247,412 217,287 196,672
Operating income 109,585 97,936 79,631
Interest expense 49,814 45,382 34,120
Loss on early extinguishment of debt 0 0 563
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0 6,142
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 59,771 52,554 38,806
Equity in earnings (losses) of unconsolidated joint ventures (3,295) (1,565) (464)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 56,476 50,989 38,342
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 0 (98)
Net income 56,476 50,989 38,244
Noncontrolling interest (3,267) (6,356) (3,995)
Noncontrolling interests in other consolidated partnerships 19 8 0
Net income attributable to Tanger Factory Outlet Centers, Inc. 53,228 44,641 34,249
Basic earnings per common share:      
Income from continuing operations $ 0.57 $ 0.53 $ 0.32
Net income $ 0.57 $ 0.53 $ 0.32
Diluted earnings per common share:      
Income from continuing operations $ 0.57 $ 0.52 $ 0.32
Net income $ 0.57 $ 0.52 $ 0.32
Tanger Properties Limited Partnership [Member]
      
Revenues      
Base rentals 235,233 207,637 178,976
Percentage rentals 11,172 9,084 7,914
Expense reimbursements 100,074 89,620 80,627
Other income 10,518 8,882 8,786
Total revenues 356,997 315,223 276,303
Expenses      
Property operating 111,160 100,246 92,898
General and administrative 37,452 30,132 24,553
Acquisition costs 117 2,736 82
Abandoned development costs 0 158 365
Impairment charge 0 0 735
Depreciation and amortization 98,683 84,015 78,039
Total expenses 247,412 217,287 196,672
Operating income 109,585 97,936 79,631
Interest expense 49,814 45,382 34,120
Loss on early extinguishment of debt 0 0 563
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0 6,142
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 59,771 52,554 38,806
Equity in earnings (losses) of unconsolidated joint ventures (3,295) (1,565) (464)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 56,476 50,989 38,342
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 0 (98)
Net income 56,476 50,989 38,244
Net Income (Loss) Attributable to Noncontrolling Interest, Limited Partnerships 19 8 0
Net Income Availalbe to Partners 56,495 50,997 38,244
Net income available to limited partners 55,917 50,473 37,932
Net income available to general partner $ 578 $ 524 $ 312
Basic earnings per common unit:      
Income from continuing operations $ 2.28 $ 2.12 $ 1.29
Net income $ 2.28 $ 2.12 $ 1.29
Diluted earnings per common unit:      
Income from continuing operations $ 2.26 $ 2.10 $ 1.29
Net income $ 2.26 $ 2.10 $ 1.29