Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Tanger Factory Outlet Centers, Inc [Member]
   
Revenues    
Base rentals $ 59,244 $ 57,219
Percentage rentals 2,017 1,744
Expense reimbursements 25,306 23,673
Other income 2,122 1,607
Total revenues 88,689 84,243
Expenses    
Property operating 28,135 26,088
General and administrative 9,572 10,020
Acquisition costs 179 0
Depreciation and amortization 22,288 25,515
Total expenses 60,174 61,623
Operating income 28,515 22,620
Interest expense 12,876 12,334
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 15,639 10,286
Equity in earnings (losses) of unconsolidated joint ventures 590 (1,452)
Net income 16,229 8,834
Noncontrolling interest (789) (713)
Noncontrolling interests in other consolidated partnerships 1 (7)
Net income attributable to Tanger Factory Outlet Centers, Inc. 15,439 8,128
Basic earnings per common share:    
Net income (in dollars per share) $ 0.16 $ 0.09
Diluted earnings per common share:    
Net income (in dollars per share) $ 0.16 $ 0.09
Dividends paid per common share (in dollars per share) $ 0.21 $ 0.2
Tanger Properties Limited Partnership [Member]
   
Revenues    
Base rentals 59,244 57,219
Percentage rentals 2,017 1,744
Expense reimbursements 25,306 23,673
Other income 2,122 1,607
Total revenues 88,689 84,243
Expenses    
Property operating 28,135 26,088
General and administrative 9,572 10,020
Acquisition costs 179 0
Depreciation and amortization 22,288 25,515
Total expenses 60,174 61,623
Operating income 28,515 22,620
Interest expense 12,876 12,334
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 15,639 10,286
Equity in earnings (losses) of unconsolidated joint ventures 590 (1,452)
Net income 16,229 8,834
Net Income (Loss) Attributable to Noncontrolling Interest, Limited Partnerships (1) 7
Net income attributable to Tanger Factory Outlet Centers, Inc. 16,228 8,841
Net income available to limited partners 16,062 8,750
Net income available to general partner $ 166 $ 91
Basic earnings per common unit:    
Net income (in dollars per share) $ 0.66 $ 0.36
Diluted earnings per common unit:    
Net income (in dollars per share) $ 0.65 $ 0.35
Distribution paid per common unit $ 0.84 $ 0.80