Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Tanger Factory Outlet Centers, Inc
   
ASSETS:    
Land $ 148,002,000 $ 141,577,000
Buildings, improvements and fixtures 1,764,494,000 1,411,404,000
Construction in progress 3,549,000 23,233,000
Real Estate Investment Property, at Cost, Total 1,916,045,000 1,576,214,000
Accumulated depreciation (512,485,000) (453,145,000)
Rental property, net 1,403,560,000 1,123,069,000
Cash and cash equivalents 7,894,000 5,758,000
Rental property held for sale 0 723,000
Investments in unconsolidated joint ventures. 28,481,000 6,386,000
Finite-Lived Intangible Assets, Net 120,636,000 33,777,000
Deferred debt origination costs, net 8,861,000 7,593,000
Prepaids and other assets 52,383,000 39,628,000
Total assets 1,621,815,000 1,216,934,000
Liabilities    
Senior, unsecured notes (net of discount of $2,237 and $2,594, respectively) 547,763,000 554,616,000
Unsecured note (net of discount of $692 and $0, respectively) 9,308,000 0
Mortgages payables (including premiums of $7,434 and $0, respectively) 111,379,000 0
Unsecured lines of credit 357,092,000 160,000,000
Long-term Debt, Total 1,025,542,000 714,616,000
Construction trade payables 13,656,000 31,831,000
Accounts payable and accrued expenses 37,757,000 31,594,000
Other liabilities 16,428,000 16,998,000
Total liabilities 1,093,383,000 795,039,000
Common shares, $.01 par value, 300,000,000 shares authorized, 86,727,656 and 80,996,068 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively 867,000 810,000
Paid in capital 720,073,000 604,359,000
Distributions in excess of net income (261,913,000) (240,024,000)
Accumulated other comprehensive income (loss) 1,535,000 1,784,000
Equity attributable to Tanger Factory Outlet Centers, Inc. 460,562,000 366,929,000
Noncontrolling Interest in Limited Partnerships 6,843,000 0
Equity attributable to noncontrolling interest in Operating Partnership 61,027,000 54,966,000
Total equity 528,432,000 421,895,000
Total liabilities and equity 1,621,815,000 1,216,934,000
Tanger Properties Limited Partnership
   
ASSETS:    
Land 148,002,000 141,577,000
Buildings, improvements and fixtures 1,764,494,000 1,411,404,000
Construction in progress 3,549,000 23,233,000
Real Estate Investment Property, at Cost, Total 1,916,045,000 1,576,214,000
Accumulated depreciation (512,485,000) (453,145,000)
Rental property, net 1,403,560,000 1,123,069,000
Cash and cash equivalents 7,866,000 5,671,000
Rental property held for sale 0 723,000
Investments in unconsolidated joint ventures. 28,481,000 6,386,000
Finite-Lived Intangible Assets, Net 120,636,000 29,317,000
Deferred debt origination costs, net 8,861,000 7,593,000
Prepaids and other assets 52,059,000 43,717,000
Total assets 1,621,463,000 1,216,476,000
Liabilities    
Senior, unsecured notes (net of discount of $2,237 and $2,594, respectively) 547,763,000 554,616,000
Unsecured note (net of discount of $692 and $0, respectively) 9,308,000 0
Mortgages payables (including premiums of $7,434 and $0, respectively) 111,379,000 0
Unsecured lines of credit 357,092,000 160,000,000
Long-term Debt, Total 1,025,542,000 714,616,000
Construction trade payables 13,656,000 31,831,000
Accounts payable and accrued expenses 37,405,000 31,136,000
Other liabilities 16,428,000 16,998,000
Total liabilities 1,093,031,000 794,581,000
General partner 4,972,000 5,221,000
Limited partners 515,154,000 414,926,000
Accumulated other comprehensive income (loss) 1,463,000 1,748,000
Total partners' equity 521,589,000 421,895,000
Noncontrolling Interest in Limited Partnerships 6,843,000 0
Partners' Capital, Including Portion Attributable to Noncontrolling Interest 528,432,000 421,895,000
Total liabilities and equity $ 1,621,463,000 $ 1,216,476,000