Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Tanger Factory Outlet Centers, Inc
    
ASSETS:    
Land $ 148,002 $ 148,002
Buildings, improvements and fixtures 1,773,055 1,764,494
Construction in progress 4,545 3,549
Real Estate Investment Property, at Cost, Total 1,925,602 1,916,045
Accumulated depreciation (530,150) (512,485)
Rental property, net 1,395,452 1,403,560
Cash and cash equivalents 10,787 7,894
Investments in unconsolidated joint ventures. 48,483 28,481
Deferred lease costs and other intangibles, net 115,157 120,636
Deferred debt origination costs, net 10,775 8,861
Prepaids and other assets 54,304 52,383
Total assets 1,634,958 1,621,815
Liabilities    
Senior, unsecured notes (net of discount of $2,171 and $2,237 respectively) 547,829 547,763
Unsecured term loans (net of discount of $656 and $692, respectively) 259,344 9,308
Mortgages payable (including premiums of $7,169 and $7,434, respectively) 110,483 111,379
Unsecured lines of credit 121,073 357,092
Long-term Debt, Total 1,038,729 1,025,542
Construction trade payables 15,698 13,656
Accounts payable and accrued expenses 43,165 37,757
Other liabilities 16,399 16,428
Total liabilities 1,113,991 1,093,383
Commitments and contingencies      
Common shares, $.01 par value, 300,000,000 shares authorized, 92,627,388 and 86,727,656 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 926 867
Paid in capital 751,633 720,073
Accumulated distributions in excess of net income (271,941) (261,913)
Accumulated other comprehensive income (loss) 1,449 1,535
Equity attributable to Tanger Factory Outlet Centers, Inc. 482,067 460,562
Noncontrolling Interest in Limited Partnerships 6,832 6,843
Equity attributable to noncontrolling interest in Operating Partnership 32,068 61,027
Total equity 520,967 528,432
Total liabilities and equity 1,634,958 1,621,815
Common shares, par value $ 0.01 $ 0.01
Common shares, authorized 300,000,000 300,000,000
Common shares, issued 97,627,388 86,727,656
Common shares, outstanding 97,627,388 96,727,656
Tanger Properties Limited Partnership
    
ASSETS:    
Land 148,002 148,002
Buildings, improvements and fixtures 1,773,055 1,764,494
Construction in progress 4,545 3,549
Real Estate Investment Property, at Cost, Total 1,925,602 1,916,045
Accumulated depreciation (530,150) (512,485)
Rental property, net 1,395,452 1,403,560
Cash and cash equivalents 10,715 7,866
Investments in unconsolidated joint ventures. 48,483 28,481
Deferred lease costs and other intangibles, net 115,157 120,636
Deferred debt origination costs, net 10,775 8,861
Prepaids and other assets 53,765 52,059
Total assets 1,634,347 1,621,463
Liabilities    
Senior, unsecured notes (net of discount of $2,171 and $2,237 respectively) 547,829 547,763
Mortgages payable (including premiums of $7,169 and $7,434, respectively) 110,483 111,379
Unsecured lines of credit 121,073 357,092
Long-term Debt, Total 1,038,729 1,025,542
Construction trade payables 15,698 13,656
Accounts payable and accrued expenses 42,554 37,405
Other liabilities 16,399 16,428
Total liabilities 1,113,380 1,093,031
Accumulated other comprehensive income (loss) 1,371 1,463
General partner 4,863 4,972
Limited partners 507,901 515,154
Total partners' equity 514,135 521,589
Noncontrolling Interest in Limited Partnerships 6,832 6,843
Partners' Capital, Including Portion Attributable to Noncontrolling Interest 520,967 528,432
Total liabilities and equity 1,634,347 1,621,463
Senior Notes [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net 2,171 2,237
Senior Notes [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Unamortized Discount (Premium), Net 2,171 2,237
Unsecured Term Loan [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net 656 692
Unsecured Term Loan [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Long-term Debt, Total 250,000  
Unamortized Discount (Premium), Net 656 692
Mortgages [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net (7,169) (7,434)
Mortgages [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Unamortized Discount (Premium), Net $ (7,169) $ (7,434)