Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Tanger Factory Outlet Centers, Inc [Member]
        
Revenues        
Base rentals $ 64,301 $ 59,662 $ 184,591 $ 175,464
Percentage rentals 3,084 3,180 6,956 6,542
Expense reimbursements 27,414 24,908 78,544 73,777
Other income 3,104 2,733 7,516 6,278
Total revenues 97,903 90,483 277,607 262,061
Expenses        
Property operating 29,863 27,614 86,819 81,679
General and administrative 9,754 9,018 29,240 27,737
Acquisition costs 532 0 963 0
Depreciation and amortization 24,223 24,809 68,683 75,247
Total expenses 64,372 61,441 185,705 184,663
Operating income 33,531 29,042 91,902 77,398
Interest expense (12,367) (12,317) (37,826) (37,062)
Gain on previously held interest in acquired joint venture (26,002) 0 (26,002) 0
Income before equity in earnings (losses) of unconsolidated joint ventures 47,166 16,725 80,078 40,336
Equity in earnings (losses) of unconsolidated joint ventures 9,014 (555) 10,107 (2,874)
Net income 56,180 16,170 90,185 37,462
Noncontrolling interests in Operating Partnership (2,787) (836) (4,435) (2,315)
Noncontrolling interests in other consolidated partnerships (99) (7) (129) 25
Net income attributable to Tanger Factory Outlet Centers, Inc. 53,294 15,327 85,621 35,172
Basic earnings per common share        
Net income (in dollars per share) $ 0.56 $ 0.16 $ 0.91 $ 0.38
Diluted earnings per common share        
Net income (in dollars per share) $ 0.56 $ 0.16 $ 0.90 $ 0.37
Dividends paid per common share (in dollars per share) $ 0.225 $ 0.21 $ 0.66 $ 0.6200
Tanger Properties Limited Partnership [Member]
        
Revenues        
Base rentals 64,301 59,662 184,591 175,464
Percentage rentals 3,084 3,180 6,956 6,542
Expense reimbursements 27,414 24,908 78,544 73,777
Other income 3,104 2,733 7,516 6,278
Total revenues 97,903 90,483 277,607 262,061
Expenses        
Property operating 29,863 27,614 86,819 81,679
General and administrative 9,754 9,018 29,240 27,737
Acquisition costs 532 0 963 0
Depreciation and amortization 24,223 24,809 68,683 75,247
Total expenses 64,372 61,441 185,705 184,663
Operating income 33,531 29,042 91,902 77,398
Interest expense (12,367) (12,317) (37,826) (37,062)
Gain on previously held interest in acquired joint venture (26,002) 0 (26,002) 0
Income before equity in earnings (losses) of unconsolidated joint ventures 47,166 16,725 80,078 40,336
Equity in earnings (losses) of unconsolidated joint ventures 9,014 (555) 10,107 (2,874)
Net income 56,180 16,170 90,185 37,462
Noncontrolling interests in consolidated partnerships (99) (7) (129) 25
Net income attributable to Tanger Factory Outlet Centers, Inc. 56,081 16,163 90,056 37,487
Net income available to limited partners (55,510) (15,998) (89,138) (37,103)
Net income available to general partner $ 571 $ 165 $ 918 $ 384
Basic earnings per common unit:        
Net income (in dollars per share) $ 0.56 $ 0.16 $ 0.91 $ 0.38
Diluted earnings per common unit:        
Net income (in dollars per share) $ 0.56 $ 0.16 $ 0.90 $ 0.37
Distribution paid per common unit (in dollars per share) $ 0.225 $ 0.21 $ 0.66 $ 0.62