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
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Management, leasing and other services $ 1,253 $ 1,225 $ 4,263 $ 2,548
Tanger Factory Outlet Centers, Inc [Member]        
Revenues        
Base rentals 75,841 69,612 215,799 204,748
Percentage rentals 2,625 2,634 6,896 6,632
Expense reimbursements 30,542 29,463 93,815 90,457
Management, leasing and other services 1,253 1,225 4,263 2,548
Other income 2,645 2,255 5,795 5,799
Total revenues 112,906 105,189 326,568 310,184
Expenses        
Property operating 36,231 32,798 108,921 102,454
General and administrative 11,514 11,334 34,431 32,817
Acquisition costs 0 0 0 7
Abandoned pre-development costs 0 0 0 1,596
Depreciation and amortization 28,785 25,774 77,046 77,034
Total expenses 76,530 69,906 220,398 213,908
Operating income 36,376 35,283 106,170 96,276
Other income/(expense)        
Interest expense (13,933) (13,902) (40,110) (43,404)
Gain on sale of assets and interests in unconsolidated entities 20,215 0 33,941 0
Other nonoperating income (expense) 89 437 (98) 560
Income before equity in earnings of unconsolidated joint ventures 42,747 21,818 99,903 53,432
Equity in earnings of unconsolidated joint ventures 3,713 2,479 8,302 6,200
Net income 46,460 24,297 108,205 59,632
Noncontrolling interests in Operating Partnership (2,364) (1,252) (5,532) (3,083)
Noncontrolling interests in other consolidated partnerships (21) (42) 395 (80)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 44,075 $ 23,003 $ 103,068 $ 56,469
Basic earnings per common share/unit        
Net income (in dollars per share) $ 0.46 $ 0.24 $ 1.08 $ 0.59
Diluted earnings per common share/unit        
Net income (in dollars per share) 0.46 0.24 1.08 0.59
Dividends paid per common share (in dollars per share) $ 0.285 $ 0.240 $ 0.810 $ 0.705
Tanger Properties Limited Partnership [Member]        
Revenues        
Base rentals $ 75,841 $ 69,612 $ 215,799 $ 204,748
Percentage rentals 2,625 2,634 6,896 6,632
Expense reimbursements 30,542 29,463 93,815 90,457
Management, leasing and other services 1,253 1,225 4,263 2,548
Other income 2,645 2,255 5,795 5,799
Total revenues 112,906 105,189 326,568 310,184
Expenses        
Property operating 36,231 32,798 108,921 102,454
General and administrative 11,514 11,334 34,431 32,817
Acquisition costs 0 0 0 7
Abandoned pre-development costs 0 0 0 1,596
Depreciation and amortization 28,785 25,774 77,046 77,034
Total expenses 76,530 69,906 220,398 213,908
Operating income 36,376 35,283 106,170 96,276
Other income/(expense)        
Interest expense (13,933) (13,902) (40,110) (43,404)
Gain on sale of assets and interests in unconsolidated entities 20,215 0 33,941 0
Other nonoperating income (expense) 89 437 (98) 560
Income before equity in earnings of unconsolidated joint ventures 42,747 21,818 99,903 53,432
Equity in earnings of unconsolidated joint ventures 3,713 2,479 8,302 6,200
Net income 46,460 24,297 108,205 59,632
Noncontrolling interests in consolidated partnerships (21) (42) 395 (80)
Net income attributable to Tanger Factory Outlet Centers, Inc. 46,439 24,255 108,600 59,552
Net income available to limited partners 45,979 24,012 107,525 58,952
Net income available to general partner $ 460 $ 243 $ 1,075 $ 600
Basic earnings per common share/unit        
Net income (in dollars per share) $ 0.46 $ 0.24 $ 1.08 $ 0.59
Diluted earnings per common share/unit        
Net income (in dollars per share) 0.46 0.24 1.08 0.59
Distribution paid per common unit (in dollars per share) $ 0.285 $ 0.240 $ 0.810 $ 0.705