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
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Management, leasing and other services $ 1,121 $ 1,283
Tanger Factory Outlet Centers, Inc [Member]    
Revenues    
Base rentals 72,623 67,629
Percentage rentals 2,150 2,229
Expense reimbursements 33,242 33,364
Management, leasing and other services 1,121 1,283
Other income 1,669 1,421
Total revenues 110,805 105,926
Expenses    
Property operating 37,874 37,732
General and administrative 11,565 11,305
Depreciation and amortization 26,567 23,989
Total expenses 76,006 73,026
Operating income 34,799 32,900
Other income/(expense)    
Interest expense (14,884) (13,089)
Gain on sale of assets and interests in unconsolidated joint ventures 4,887 13,726
Other nonoperating income 316 306
Income before equity in earnings of unconsolidated joint ventures 25,118 33,843
Equity in earnings of unconsolidated joint ventures 3,499 2,543
Net income 28,617 36,386
Noncontrolling interests in Operating Partnership (1,444) (1,855)
Noncontrolling interests in other consolidated partnerships (23) (19)
Net income attributable to Tanger Factory Outlet Centers, Inc. $ 27,150 $ 34,512
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.28 $ 0.36
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.28 0.36
Common Stock, Dividends, Per Share, Declared 0.285 0.240
Dividends declared per common share (in dollars per share) $ 0.285 $ 0.240
Tanger Properties Limited Partnership [Member]    
Revenues    
Base rentals $ 72,623 $ 67,629
Percentage rentals 2,150 2,229
Expense reimbursements 33,242 33,364
Management, leasing and other services 1,121 1,283
Other income 1,669 1,421
Total revenues 110,805 105,926
Expenses    
Property operating 37,874 37,732
General and administrative 11,565 11,305
Depreciation and amortization 26,567 23,989
Total expenses 76,006 73,026
Operating income 34,799 32,900
Other income/(expense)    
Interest expense (14,884) (13,089)
Gain on sale of assets and interests in unconsolidated joint ventures 4,887 13,726
Other nonoperating income 316 306
Income before equity in earnings of unconsolidated joint ventures 25,118 33,843
Equity in earnings of unconsolidated joint ventures 3,499 2,543
Net income 28,617 36,386
Noncontrolling interests in consolidated partnerships (23) (19)
Net income attributable to Tanger Factory Outlet Centers, Inc. 28,594 36,367
Net income available to limited partners 28,311 36,007
Net income available to general partner $ 283 $ 360
Basic earnings per common share/unit    
Net income (in dollars per share) $ 0.28 $ 0.36
Diluted earnings per common share/unit    
Net income (in dollars per share) 0.28 0.36
Distribution declared per common unit (in dollars per share) $ 0.285 $ 0.240