Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Tanger Factory Outlet Centers, Inc
    
ASSETS:    
Land $ 148,002 $ 148,002
Buildings, improvements and fixtures 1,787,050 1,764,494
Construction in progress 0 3,549
Real Estate Investment Property, at Cost, Total 1,935,052 1,916,045
Accumulated depreciation (547,167) (512,485)
Rental property, net 1,387,885 1,403,560
Cash and cash equivalents 11,855 7,894
Investments in unconsolidated joint ventures. 72,394 28,481
Deferred lease costs and other intangibles, net 109,850 120,636
Deferred debt origination costs, net 10,219 8,861
Prepaids and other assets 50,172 52,383
Total assets 1,642,375 1,621,815
Liabilities    
Senior, unsecured notes (net of discount of $2,104 and $2,237 respectively) 547,896 547,763
Unsecured term loans (net of discount of $620 and $692, respectively) 259,380 9,308
Mortgages payable (including premiums of $6,901 and $7,434, respectively) 109,583 111,379
Unsecured lines of credit 141,224 357,092
Long-term Debt, Total 1,058,083 1,025,542
Construction trade payables 14,746 13,656
Accounts payable and accrued expenses 38,011 37,757
Other liabilities 16,283 16,428
Total liabilities 1,127,123 1,093,383
Commitments and contingencies      
Common shares, $.01 par value, 300,000,000 shares authorized, 93,483,988 and 86,727,656 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 935 867
Paid in capital 758,381 720,073
Accumulated distributions in excess of net income (279,657) (261,913)
Accumulated other comprehensive income (loss) 1,405 1,535
Equity attributable to Tanger Factory Outlet Centers, Inc. 481,064 460,562
Noncontrolling Interest in Limited Partnerships 6,802 6,843
Equity attributable to noncontrolling interest in Operating Partnership 27,386 61,027
Total equity 515,252 528,432
Total liabilities and equity 1,642,375 1,621,815
Common shares, par value $ 0.01 $ 0.01
Common shares, authorized 300,000,000 300,000,000
Common shares, issued 93,483,988 86,727,656
Common shares, outstanding 93,483,988 86,727,656
Tanger Properties Limited Partnership
    
ASSETS:    
Land 148,002 148,002
Buildings, improvements and fixtures 1,787,050 1,764,494
Construction in progress 0 3,549
Real Estate Investment Property, at Cost, Total 1,935,052 1,916,045
Accumulated depreciation (547,167) (512,485)
Rental property, net 1,387,885 1,403,560
Cash and cash equivalents 11,723 7,866
Investments in unconsolidated joint ventures. 72,394 28,481
Deferred lease costs and other intangibles, net 109,850 120,636
Deferred debt origination costs, net 10,219 8,861
Prepaids and other assets 49,950 52,059
Total assets 1,642,021 1,621,463
Liabilities    
Senior, unsecured notes (net of discount of $2,104 and $2,237 respectively) 547,896 547,763
Unsecured term loans (net of discount of $620 and $692, respectively) 259,380 9,308
Mortgages payable (including premiums of $6,901 and $7,434, respectively) 109,583 111,379
Unsecured lines of credit 141,224 357,092
Long-term Debt, Total 1,058,083 1,025,542
Construction trade payables 14,746 13,656
Accounts payable and accrued expenses 37,657 37,405
Other liabilities 16,283 16,428
Total liabilities 1,126,769 1,093,031
Accumulated other comprehensive income (loss) 1,324 1,463
General partner 4,781 4,972
Limited partners 502,345 515,154
Total partners' equity 508,450 521,589
Noncontrolling Interest in Limited Partnerships 6,802 6,843
Partners' Capital, Including Portion Attributable to Noncontrolling Interest 515,252 528,432
Total liabilities and equity 1,642,021 1,621,463
Senior Notes [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net 2,104 2,237
Senior Notes [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Unamortized Discount (Premium), Net 2,104 2,237
Unsecured Term Loan [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net 620 692
Unsecured Term Loan [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Long-term Debt, Total 250,000 [1] 0 [1]
Unamortized Discount (Premium), Net 620 692
Mortgages [Member] | Tanger Factory Outlet Centers, Inc
    
Liabilities    
Unamortized Discount (Premium), Net (6,901) (7,434)
Mortgages [Member] | Tanger Properties Limited Partnership
    
Liabilities    
Unamortized Discount (Premium), Net $ (6,902) $ (7,434)
[1] Our term loan is pre-payable without penalty beginning in February of 2015.