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 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Tanger Factory Outlet Centers, Inc [Member]
        
Revenues        
Base rentals $ 61,046 $ 58,583 $ 120,290 $ 115,802
Percentage rentals 1,855 1,618 3,872 3,362
Expense reimbursements 25,824 25,196 51,130 48,869
Other income 2,290 1,938 4,412 3,545
Total revenues 91,015 87,335 179,704 171,578
Expenses        
Property operating 28,821 27,977 56,956 54,065
General and administrative 9,914 8,699 19,486 18,719
Acquisition costs 252 0 431 0
Depreciation and amortization 22,172 24,923 44,460 50,438
Total expenses 61,159 61,599 121,333 123,222
Operating income 29,856 25,736 58,371 48,356
Interest expense 12,583 12,411 25,459 24,745
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 17,273 13,325 32,912 23,611
Equity in earnings (losses) of unconsolidated joint ventures 503 (867) 1,093 (2,319)
Net income 17,776 12,458 34,005 21,292
Noncontrolling interest (859) (766) (1,648) (1,479)
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable (29) 25 (30) 32
Net income attributable to Tanger Factory Outlet Centers, Inc. 16,888 11,717 32,327 19,845
Basic earnings per common share:        
Net income (in dollars per share) $ 0.18 $ 0.13 $ 0.34 $ 0.21
Diluted earnings per common share:        
Net income (in dollars per share) $ 0.18 $ 0.12 $ 0.34 $ 0.21
Dividends paid per common share (in dollars per share) $ 0.225 $ 0.21 $ 0.435 $ 0.41
Tanger Properties Limited Partnership [Member]
        
Revenues        
Base rentals 61,046 58,583 120,290 115,802
Percentage rentals 1,855 1,618 3,872 3,362
Expense reimbursements 25,824 25,196 51,130 48,869
Other income 2,290 1,938 4,412 3,545
Total revenues 91,015 87,335 179,704 171,578
Expenses        
Property operating 28,821 27,977 56,956 54,065
General and administrative 9,914 8,699 19,486 18,719
Acquisition costs 252 0 431 0
Depreciation and amortization 22,172 24,923 44,460 50,438
Total expenses 61,159 61,599 121,333 123,222
Operating income 29,856 25,736 58,371 48,356
Interest expense 12,583 12,411 25,459 24,745
Income before equity in earnings (losses) of unconsolidated joint ventures and discontinued operations 17,273 13,325 32,912 23,611
Equity in earnings (losses) of unconsolidated joint ventures 503 (867) 1,093 (2,319)
Net income 17,776 12,458 34,005 21,292
Noncontrolling Interest in Net Income (Loss) Limited Partnerships, Nonredeemable (29) 25 (30) 32
Net income attributable to Tanger Factory Outlet Centers, Inc. 17,747 12,483 33,975 21,324
Net income available to limited partners 17,566 12,355 33,628 21,105
Net income available to general partner $ 181 $ 128 $ 347 $ 219
Basic earnings per common unit:        
Net income (in dollars per share) $ 0.71 $ 0.50 $ 1.37 $ 0.86
Diluted earnings per common unit:        
Net income (in dollars per share) $ 0.71 $ 0.50 $ 1.36 $ 0.85
Distribution paid per common unit $ 0.90 $ 0.84 $ 1.74 $ 1.64