Tanger Factory Outlet Centers, Inc
(NYSE:SKT)

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square fe...

Website: http://www.tangeroutlet.com

Founded: 1981

Full Time Employees: 285

Sector: Real Estate

Industry: REIT-Retail

REIT

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At a glance:

Bull Thesis:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-06-29	2010-03-31	2009-12-31	2009-11-06	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30

revenues:
rental revenue	143,538,000	99,986,250	137,225,000	133,435,000
management, leasing and other services	2,204,000	2,620,000	2,507,000	2,238,000	2,407,000	2,550,000	2,485,000	2,332,000	2,278,000	2,486,000	2,138,000	2,122,000	1,914,000	2,297,000	1,897,000	1,436,000	1,527,000	2,039,000	1,641,000	1,359,000	1,372,000	1,574,000	1,194,000	725,000	1,443,000	1,476,000	1,356,000	1,245,000	1,342,000	670,000	583,000	630,000	613,000	676,000	588,000	609,000	579,000	588,000	806,000	1,332,000	1,121,000	1,163,000	1,253,000	1,727,000	1,283,000
other revenue	4,675,000	3,542,000	5,476,000	5,021,000
total revenues	150,417,000	160,297,000	145,208,000	140,694,000	135,363,000	140,735,000	133,001,000	128,956,000	123,371,000	127,477,000	117,346,000	110,641,000	108,943,000	116,461,000	111,446,000	105,838,000	108,868,000	112,093,000	112,465,000	101,273,000	100,694,000	111,155,000	103,213,000	63,990,000	111,633,000	120,492,000	118,994,000	115,707,000	123,155,000	127,199,000	124,236,000	119,711,000	123,535,000	126,487,000	120,765,000	119,614,000	121,368,000	124,559,000	119,137,000	111,333,000	110,805,000	112,801,000	112,906,000	107,736,000	105,926,000	108,143,000	105,297,000	102,276,000	102,842,000	107,402,000	97,903,000	91,015,000	88,689,000	94,936,000	90,483,000	87,335,000	84,243,000	89,140,000	83,243,000	72,101,000	70,739,000		65,295,000	65,295,000	66,219,000	71,543,000			64,667,000		44,263,500	62,773,000	57,005,000		41,696,750	58,386,000	55,512,000		38,290,500	54,436,000	50,528,000		37,062,500	51,639,000
yoy	11.12%	13.90%	9.18%	9.10%	9.72%	10.40%	13.34%	16.55%	13.24%	9.46%	5.29%	4.54%	0.07%	3.90%	-0.91%	4.51%	8.12%	0.84%	8.96%	58.26%	-9.80%	-7.75%	-13.26%	-44.70%	-9.36%	-5.27%	-4.22%	-3.34%	-0.31%	0.56%	2.87%	0.08%	1.79%	1.55%	1.37%	7.44%	9.53%	10.42%	5.52%	3.34%	4.61%	4.31%	7.23%	5.34%	3.00%	0.69%	7.55%	12.37%	15.96%	13.13%	8.20%	4.21%	5.28%	6.50%	8.70%	21.13%	19.09%		27.49%	10.42%	6.83%				2.40%				13.44%		6.16%	7.51%	2.69%		8.90%	7.26%	9.86%		3.31%	5.42%
qoq	-6.16%	10.39%	3.21%	3.94%	-3.82%	5.81%	3.14%	4.53%	-3.22%	8.63%	6.06%	1.56%	-6.46%	4.50%	5.30%	-2.78%	-2.88%	-0.33%	11.05%	0.58%	-9.41%	7.69%	61.30%	-42.68%	-7.35%	1.26%	2.84%	-6.05%	-3.18%	2.38%	3.78%	-3.10%	-2.33%	4.74%	0.96%	-1.45%	-2.56%	4.55%	7.01%	0.48%	-1.77%	-0.09%	4.80%	1.71%	-2.05%	2.70%	2.95%	-0.55%	-4.25%	9.70%	7.57%	2.62%	-6.58%	4.92%	3.60%	3.67%	-5.49%	7.08%	15.45%	1.93%			0.00%	-1.40%	-7.44%						-29.49%	10.12%			-28.58%	5.18%			-29.66%	7.73%			-28.23%
expenses:
property operating	46,733,000	50,500,000	43,809,000	40,373,000	41,820,000	45,468,000	40,247,000	37,549,000	35,465,000	41,929,000	36,758,000	33,712,000	33,148,000	38,405,000	36,076,000	32,697,000	36,758,000	36,989,000	37,186,000	31,250,000	35,311,000	35,144,000	35,206,000	28,158,000	38,627,000	39,482,000	39,149,000	36,726,000	42,377,000	40,640,000	39,653,000	37,946,000	42,218,000	40,161,000	37,571,000	37,116,000	40,387,000	41,689,000	37,442,000	35,012,000	37,874,000	37,582,000	36,231,000	34,958,000	37,732,000	34,968,000	32,798,000	33,629,000	36,027,000	34,227,000	29,863,000	28,821,000	28,135,000	29,481,000	27,614,000	27,977,000	26,088,000	27,192,000	25,181,000	23,765,000	24,108,000		22,123,000	22,123,000	22,472,000	24,779,000			20,794,000	21,748	24,475,000	20,678,000	17,525,000	19,219,000	20,490,000	19,158,000	17,916,000	17,005,000	20,229,000	17,713,000	15,995,000	14,765,000	17,181,000	16,060,000
general and administrative	20,088,000	22,123,000	18,614,000	18,992,000	18,993,000	21,502,000	18,215,000	18,813,000	19,490,000	21,455,000	18,937,000	18,304,000	17,434,000	19,366,000	17,370,000	19,329,000	15,467,000	18,507,000	14,817,000	15,700,000	16,793,000	12,402,000	11,181,000	11,566,000	12,584,000	12,880,000	12,292,000	16,473,000	12,145,000	11,306,000	10,752,000	10,997,000	11,112,000	10,158,000	10,934,000	11,500,000	11,412,000	11,328,000	12,128,000	11,675,000	11,565,000	10,038,000	11,514,000	11,612,000	11,305,000	11,652,000	11,334,000	10,761,000	10,722,000	9,879,000	9,754,000	9,914,000	9,572,000	9,715,000	9,018,000	8,699,000	10,020,000	8,237,000	7,943,000	7,185,000	6,767,000		5,963,000	5,963,000	5,466,000	5,066,000			5,820,000	5,935	5,099,000	6,217,000	5,677,000	5,271,000	4,911,000	4,916,000	4,907,000	4,277,000	4,402,000	4,147,000	4,077,000	4,081,000	3,515,000	3,578,000
impairment charge					4,249,000																	11,418,750			45,675,000						49,739,000																																		735,000				5,200,000
depreciation and amortization	40,352,000	40,119,000	37,103,000	36,608,000	37,146,000	35,280,000	35,376,000	34,174,000	33,860,000	32,233,000	25,374,000	25,389,000	25,893,000	33,996,000	25,445,000	26,220,000	26,243,000	27,182,000	26,944,000	27,732,000	28,150,000	29,177,000	29,903,000	28,646,000	29,417,000	30,305,000	30,103,000	31,146,000	31,760,000	33,055,000	32,850,000	32,694,000	33,123,000	32,569,000	30,976,000	32,905,000	31,294,000	33,279,000	29,205,000	26,306,000	26,567,000	26,890,000	28,785,000	24,272,000	23,989,000	25,398,000	25,774,000	25,197,000	26,063,000	27,063,000	24,223,000	22,172,000	22,288,000	23,436,000	24,809,000	24,923,000	25,515,000	25,228,000	22,964,000	17,858,000	17,965,000		17,109,000	17,109,000	26,527,000	20,239,000			19,652,000	20,397	16,733,000	15,320,000	14,690,000	15,583,000	14,940,000	14,941,000	15,539,000	18,487,000	14,082,000	13,578,000	13,593,000	15,950,000	12,186,000	12,108,000
total expenses	107,173,000	112,742,000	99,526,000	95,973,000	102,208,000	102,250,000	93,838,000	90,536,000	88,815,000	95,617,000	81,069,000	77,405,000	76,475,000	91,767,000	78,891,000	78,246,000	78,468,000	89,667,000	78,947,000	74,682,000	80,254,000	98,274,000	76,290,000	68,370,000	126,303,000	120,277,000	81,544,000	84,345,000	86,282,000	85,001,000	132,994,000	81,637,000	86,453,000	82,888,000	79,382,000	81,521,000	83,720,000	86,296,000	79,262,000	72,993,000	76,006,000	74,510,000	76,530,000	70,842,000	73,026,000	72,787,000	69,906,000	69,587,000	74,415,000	71,409,000	64,372,000	61,159,000	60,174,000	62,749,000	61,441,000	61,599,000	61,623,000	60,874,000	57,066,000	49,782,000	49,565,000		45,195,000	45,195,000	55,200,000	50,084,000			51,466,000		30,045,000	42,215,000	37,892,000		29,214,750	39,015,000	38,362,000		25,974,750	35,438,000	33,665,000		23,425,500	31,746,000
other income:
interest expense	-19,176,000	-17,250,000	-16,439,000	-16,399,000	-15,772,000	-15,091,000	-15,493,000	-15,700,000	-14,353,000	-11,931,000	-11,688,000	-11,966,000	-12,343,000	-12,097,000	-11,660,000	-11,576,000	-11,634,000	-11,884,000	-13,282,000	-13,338,000	-14,362,000	-15,356,000	-15,647,000	-16,943,000	-15,196,000	-15,034,000	-15,197,000	-15,134,000	-16,307,000	-16,473,000	-16,367,000	-16,181,000	-15,800,000	-15,329,000	-16,489,000	-16,520,000	-16,487,000	-16,469,000	-15,516,000	-13,800,000	-14,884,000	-14,078,000	-13,933,000	-13,088,000	-13,089,000	-14,527,000	-13,902,000	-14,582,000	-14,920,000	-13,790,000	-12,367,000	12,583,000	12,876,000	12,752,000	12,317,000	12,411,000	12,334,000	-12,386,000	-11,958,000	-10,713,000	10,325,000					-7,366,500			-9,564,000	-11,210	10,252,000	9,147,000	9,496,000	9,548,000	9,851,000	10,087,000	10,072,000	10,056,000			9,890,000	10,034,000	18,600,000	7,932,000
other income	1,907,000	593,000	-116,000	-26,000	217,000	729,000	-52,000	220,000	587,000	2,706,000	1,899,000	2,324,000	2,800,000	1,875,000	1,395,000	2,576,000	183,000	1,003,000	253,000	654,000	-3,505,000	136,000	161,000	408,000	220,000	-741,500	227,000	-3,417,000	224,000	1,583,250	2,652,000	2,001,000	1,680,000	2,222,000	2,510,000	2,389,000	2,006,000	2,366,000	2,642,000	1,918,000	1,669,000	1,835,000	2,645,000	1,729,000	1,421,000	-930,000	3,588,000	2,749,000	2,241,000	3,186,000	3,104,000	2,290,000	2,122,000	3,574,000	2,995,000	2,145,000	1,804,000	2,435,000	2,568,000	1,955,000	1,924,000		1,850,000	1,850,000	1,730,000	2,000,000			1,928,000	1,704	2,137,000	2,166,000	1,570,000	1,388,000	1,963,000	2,155,000	1,596,000	1,501,000	2,039,000	2,407,000	1,504,000	1,355,000	3,511,000	1,595,000
total other income	-17,269,000	-16,657,000	-16,555,000	-16,425,000	-15,555,000	-14,362,000	-15,545,000	-15,480,000	-13,766,000	-9,225,000	-9,789,000	-9,642,000	-9,543,000	-7,288,000	-10,265,000	-9,000,000	-11,451,000	-10,881,000	-46,850,000	-26,723,000	-17,867,000	-15,220,000	-13,162,000	-16,535,000	-14,976,000	-14,829,000	-14,970,000	-18,551,000	27,339,000
income before equity in earnings of unconsolidated joint ventures	25,975,000	30,898,000	29,127,000	28,296,000	17,600,000	24,123,000	23,618,000	22,940,000	20,790,000	22,635,000	26,488,000	23,594,000	22,925,000	17,406,000	22,290,000	18,592,000	18,949,000	11,545,000	-13,332,000	-132,000	2,573,000	-2,339,000	13,761,000	-20,915,000	-29,646,000	-14,614,000	22,480,000	12,811,000	64,212,000	25,928,000	-24,864,000	22,084,000	21,491,000	30,311,000	-10,141,000	28,573,000	21,196,000	22,444,000	72,059,000	73,836,000	25,118,000	110,781,000	42,747,000	23,313,000	33,843,000	15,667,000	21,818,000	18,107,000	13,507,000	22,203,000	47,166,000	17,273,000	15,639,000												3,071,000					37,365
equity in earnings of unconsolidated joint ventures	3,442,000	3,926,000	4,221,000	3,034,000	2,399,000	3,486,000	2,312,000	2,975,000	2,516,000	2,210,000	2,389,000	1,706,000	1,935,000	1,799,000	2,055,000	2,227,000	2,513,000	2,146,000	2,261,000	2,728,000	1,769,000	2,616,000	-42,000	-2,975,000	1,527,000	2,235,000	2,329,000	1,646,000	1,629,000	-5,309,000	1,833,000	2,206,000	2,194,000	3,138,000	-5,893,000	2,374,000	2,318,000	3,192,000	715,000	3,466,000	3,499,000	3,182,000	3,713,000	2,046,000	2,543,000	2,853,000	2,479,000	1,788,000	1,933,000	933,000	9,014,000	503,000	590,000													-336,500			-517,000	-897				394,000				235,000				147,000	165,000	255,000
net income	29,417,000	34,824,000	33,348,000	31,330,000	19,999,000	27,609,000	25,930,000	25,915,000	23,306,000	24,845,000	28,877,000	25,300,000	24,860,000	19,205,000	24,345,000	20,819,000	21,462,000	13,691,000	-11,071,000	2,596,000	4,342,000	277,000	13,719,000	-23,890,000	-28,119,000	-12,379,000	24,809,000	14,457,000	65,841,000	20,619,000	-23,031,000	24,290,000	23,685,000	33,449,000	-16,034,000	30,947,000	23,514,000	25,636,000	72,774,000	77,302,000	28,617,000	113,963,000	46,460,000	25,359,000	36,386,000	18,520,000	24,297,000	19,895,000	15,440,000	23,136,000	56,180,000	17,776,000	16,229,000	19,014,000	16,170,000	12,458,000	8,834,000	15,138,000	14,192,000	10,842,000	10,817,000	14,753,000	5,392,000	5,392,000	3,003,000	13,076,000			13,587,000	36,468	9,505,000	10,278,000	1,288,000	6,961,000	10,473,000	8,397,000	6,425,000	3,281,000	8,759,000	7,414,000	6,289,000	14,847,000	125,000	4,413,000
yoy	47.09%	26.13%	28.61%	20.90%	-14.19%	11.12%	-10.21%	2.43%	-6.25%	29.37%	18.62%	21.52%	15.83%	40.27%	-319.90%	701.96%	394.29%	4842.60%	-180.70%	-110.87%	-115.44%	-102.24%	-44.70%	-265.25%	-142.71%	-160.04%	-207.72%	-40.48%	177.99%	-38.36%	43.64%	-21.51%	0.73%	30.48%	-122.03%	-59.97%	-17.83%	-77.50%	56.64%	204.83%	-21.35%	515.35%	91.22%	27.46%	135.66%	-19.95%	-56.75%	11.92%	-4.86%	21.68%	247.43%	42.69%	83.71%	25.60%	13.94%	14.90%	-18.33%	2.61%	163.20%	101.08%	260.21%	12.83%			-77.90%	35756.09%			954.89%	-99.48%	-9.24%	22.40%	-79.95%	112.16%	19.57%	13.26%	2.16%	-77.90%	6907.20%	68.00%
qoq	-15.53%	4.43%	6.44%	56.66%	-27.56%	6.48%	0.06%	11.19%	-6.19%	-13.96%	14.14%	1.77%	29.45%	-21.11%	16.94%	-3.00%	56.76%	-223.67%	-526.46%	-40.21%	1467.51%	-97.98%	-157.43%	-15.04%	127.15%	-149.90%	71.61%	-78.04%	219.32%	-189.53%	-194.82%	2.55%	-29.19%	-308.61%	-151.81%	31.61%	-8.28%	-64.77%	-5.86%	170.13%	-74.89%	145.29%	83.21%	-30.31%	96.47%	-23.78%	22.13%	28.85%	-33.26%	-58.82%	216.04%	9.53%	-14.65%	17.59%	29.80%	41.02%	-41.64%	6.67%	30.90%	0.23%	-26.68%	173.61%	0.00%	79.55%	-77.03%				37157.32%	-99.62%	-7.52%	697.98%	-81.50%	-33.53%	24.72%	30.69%	95.82%	-62.54%	18.14%	17.89%	-57.64%	11777.60%	-97.17%
net income margin %	19.56%	21.72%	22.97%	22.27%	14.77%	19.62%	19.50%	20.10%	18.89%	19.49%	24.61%	22.87%	22.82%	16.49%	21.84%	19.67%	19.71%	12.21%	-9.84%	2.56%	4.31%	0.25%	13.29%	-37.33%	-25.19%	-10.27%	20.85%	12.49%	53.46%	16.21%	-18.54%	20.29%	19.17%	26.44%	-13.28%	25.87%	19.37%	20.58%	61.08%	69.43%	25.83%	101.03%	41.15%	23.54%	34.35%	17.13%	23.07%	19.45%	15.01%	21.54%	57.38%	19.53%	18.30%	20.03%	17.87%	14.26%	10.49%	16.98%	17.05%	15.04%	15.29%	Infinity%	8.26%	8.26%	4.53%	18.28%	NaN%	NaN%	21.01%	Infinity%	21.47%	16.37%	2.26%	Infinity%	25.12%	14.38%	11.57%	Infinity%	22.88%	13.62%	12.45%	Infinity%	0.34%	8.55%
noncontrolling interests in operating partnership	-1,156,000	-1,362,000	-1,321,000	-1,244,000	-798,000	-1,123,000	-1,074,000	-1,075,000	-973,000	-1,061,000	-1,253,000	-1,098,000	-1,071,000	-841,000	-1,069,000	-914,000	-944,000	-605,000	492,000	-118,000	-209,000	-14,000	-690,000	1,202,000	1,427,000	630,000	-1,263,000	-730,000	-3,315,000	-1,055,000	1,172,000	-1,229,000	-1,217,000	-1,689,000	815,000	-1,557,000	-1,178,000	-1,278,000	-3,668,000	-3,897,000	-1,444,000	-5,799,000	-2,364,000	-1,313,000	-1,855,000	-954,000	-1,252,000	-1,028,000	-803,000	-1,208,000	-2,787,000	-859,000	-789,000	-952,000	-836,000	-766,000	-713,000	-1,787,000	-1,730,000
noncontrolling interests in other consolidated partnerships									80,000				-248,000												-190,000				-195,000	143,000		-92,000	370,000					-285,000	-2,000	12,000	-23,000	-32,000	-21,000	435,000	-19,000	-24,000	-42,000	-17,000	-21,000	8,000	-99,000	-29,000	-1,000	-6,000	-7,000	25,000	7,000	6,000	2,000
net income attributable to tanger inc.	28,261,000	33,462,000	32,027,000	30,086,000	19,201,000	26,486,000	24,856,000	24,840,000	22,413,000
basic earnings per common share:
diluted earnings per common share:
rental revenues					129,285,000	132,167,000	125,221,000	122,319,000	117,809,000	119,884,000	110,835,000	104,588,000	103,582,000	109,832,000	105,569,000	101,409,000	104,609,000	106,210,000	107,265,000	96,824,000	97,467,000	106,850,000	100,251,000	62,273,000	108,558,000	116,557,000	115,050,000	112,385,000	119,954,000
other revenues					3,671,000	6,018,000	5,295,000	4,305,000	3,284,000	5,107,000	4,373,000	3,931,000	3,447,000	4,332,000	3,980,000	2,993,000	2,732,000	3,844,000	3,559,000	3,090,000	1,855,000	2,731,000	1,768,000	992,000	1,632,000	2,459,000	2,588,000	2,077,000	1,859,000
net income attributable to tanger factory outlet centers, inc.										18,841,750	27,624,000	24,202,000	23,541,000	18,364,000	23,276,000	19,905,000	20,518,000	13,086,000	-10,579,000	2,478,000	4,133,000	263,000	13,029,000	-22,688,000	-26,882,000	-11,749,000	23,546,000	13,727,000	62,331,000	19,707,000	-21,859,000	22,969,000	22,838,000	31,495,000	-15,219,000	29,390,000	22,336,000	24,073,000	69,104,000	73,417,000	27,150,000	108,132,000	44,075,000	24,481,000	34,512,000	17,542,000	23,003,000	18,850,000	14,616,000	21,936,000	53,294,000	16,888,000	15,439,000	18,056,000	15,327,000	11,717,000	8,128,000	13,357,000	12,464,000	9,422,000	9,398,000		4,868,000	4,868,000	2,793,000
loss on early extinguishment of debt																			-33,821,000	-14,039,000															-35,626,000
gain on sale of assets																							2,324,000						43,422,000					1,735,750		6,943,000
base rentals																														83,179,000	82,323,000	80,925,000	81,533,000	82,518,000	80,349,000	80,788,000	80,330,000	81,158,000	79,569,000	75,003,000	72,623,000	73,889,000	75,841,000	72,329,000	67,629,000	69,732,000	69,612,000	68,160,000	66,976,000	68,811,000	64,301,000	61,046,000	59,244,000	59,769,000	59,662,000	58,583,000	57,219,000	58,007,000	55,018,000	48,393,000	46,219,000		43,968,000	43,968,000	43,648,000	44,405,000			43,425,000	42,927	42,694,000	40,519,000	38,623,000	37,232,000	38,210,000	37,207,000	36,456,000	35,227,000	36,449,000	35,403,000	33,879,000	32,965,000	33,456,000	33,981,000
percentage rentals																														3,374,000	3,210,000	2,027,000	1,429,000	3,055,000	3,138,000	1,805,000	1,855,000	3,750,000	2,995,000	2,326,000	2,150,000	3,261,000	2,625,000	2,042,000	2,229,000	3,675,000	2,634,000	1,915,000	2,083,000	4,295,000	3,084,000	1,855,000	2,017,000	4,630,000	3,180,000	1,618,000	1,744,000	3,872,000	2,684,000	1,137,000	1,391,000		1,048,000	1,048,000	1,305,000	3,111,000			940,000	1,308	2,949,000	1,811,000	1,120,000	1,178,000	3,323,000	2,305,000	1,662,000	1,468,000	2,896,000	1,736,000	1,398,000	1,158,000	2,444,000	1,815,000
expense reimbursements																														37,480,000	35,468,000	34,128,000	38,280,000	38,016,000	34,180,000	34,023,000	36,598,000	36,697,000	33,125,000	30,754,000	33,242,000	32,653,000	30,542,000	29,909,000	33,364,000	32,075,000	29,463,000	29,452,000	31,542,000	31,110,000	27,414,000	25,824,000	25,306,000	26,963,000	24,646,000	24,989,000	23,476,000	24,826,000	22,973,000	20,616,000	21,205,000		18,429,000	18,429,000	19,536,000	22,027,000			18,374,000	19,219	20,557,000	18,277,000	15,692,000	17,478,000	18,482,000	16,719,000	15,798,000	15,045,000	17,165,000	14,890,000	13,747,000	12,720,000	15,138,000	14,248,000
abandoned pre-development costs																																			-99,000		627,000									399,000			1,596,000
operating income																														16,599,500	-8,758,000	38,074,000	37,082,000	43,599,000	41,383,000	38,093,000	37,648,000	38,263,000	39,875,000	38,340,000	34,799,000	38,291,000	36,376,000	36,894,000	32,900,000	35,356,000	35,391,000	32,689,000	28,427,000	35,993,000	33,531,000	29,856,000	28,515,000	32,187,000	29,042,000	25,736,000	22,620,000	28,266,000	26,177,000	22,319,000	21,174,000	23,698,000	20,100,000	20,100,000	11,019,000	21,459,000			13,201,000	17,078	22,030,000	20,558,000	19,113,000	17,203,000	21,637,000	19,371,000	17,150,000	13,472,000	19,836,000	18,998,000	16,863,000	13,402,000	21,667,000	19,893,000
yoy																														-61.93%	-121.16%	-0.05%	-1.50%	13.95%	3.78%	-0.64%	8.19%	-0.07%	9.62%	3.92%	5.77%	8.30%	2.78%	12.86%	15.74%	-1.77%	5.55%	9.49%	-0.31%	11.82%	15.46%	16.01%	26.06%	13.87%	10.94%	15.31%	6.83%	19.28%	30.23%	11.04%	92.16%	10.43%			-16.53%	125552.89%			-30.93%	-99.90%	1.82%	6.13%	11.45%	27.69%	9.08%	1.96%	1.70%	0.52%	-8.45%	-4.50%
qoq																														-289.54%	-123.00%	2.68%	-14.95%	5.35%	8.64%	1.18%	-1.61%	-4.04%	4.00%	10.18%	-9.12%	5.26%	-1.40%	12.14%	-6.95%	-0.10%	8.27%	14.99%	-21.02%	7.34%	12.31%	4.70%	-11.41%	10.83%	12.85%	13.78%	-19.97%	7.98%	17.29%	5.41%	-10.65%	17.90%	0.00%	82.41%	-48.65%				77198.28%	-99.92%	7.16%	7.56%	11.10%	-20.49%	11.70%	12.95%	27.30%	-32.08%	4.41%	12.66%	25.82%	-38.15%	8.92%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	13.05%	-7.05%	31.80%	30.02%	34.47%	34.27%	31.85%	31.02%	30.72%	33.47%	34.44%	31.41%	33.95%	32.22%	34.24%	31.06%	32.69%	33.61%	31.96%	27.64%	33.51%	34.25%	32.80%	32.15%	33.90%	32.10%	29.47%	26.85%	31.71%	31.45%	30.96%	29.93%	Infinity%	30.78%	30.78%	16.64%	29.99%	NaN%	NaN%	20.41%	Infinity%	49.77%	32.75%	33.53%	Infinity%	51.89%	33.18%	30.89%	Infinity%	51.80%	34.90%	33.37%	Infinity%	58.46%	38.52%
other non-operating income																														203,000	261,000	191,000	209,000	2,041,000	591,000	57,000	35,000
dividends declared per common share																														260.625	350	350	342.5	252.5	342.5	342.5	325	233.75	325	325	285
acquisition costs																																							487,000										7,000	240,000	532,000	252,000	179,000					217,000	978,000	974,000	567,000
gain on previously held interest in acquired joint venture																																								49,258,000											26,002,000
revenues
expenses
gain on sale of assets and interests in unconsolidated joint ventures																																						1,576,250	1,418,000		4,887,000
gain on previously held interests in acquired joint ventures																																						23,879,000	46,258,000
other nonoperating income																																						94,500	24,000	38,000	316,000	62,000	89,000	-493,000
basic earnings per common share
diluted earnings per common share
gain on sale of assets and interests in unconsolidated entities																																										86,506,000	20,215,000		13,726,000
dividends paid per common share																																										202.5	285	285	240	176.25	240	240	225	165	225	225	210	155	210	210	200	148.45	200	200	193.8	387.5	387.5	387.5	382.5	286.25			382.5	0.38	280	380	380	360	265	360	360	340	250.625	340	340	322.5	239.375	322.5
interest and other income																																													306,000
casualty gain																																														82,250	329,000
abandoned development costs																																																													158,000
income before equity in losses of unconsolidated joint ventures																																																						10,084,000	16,725,000	13,325,000	10,286,000
equity in losses of unconsolidated joint ventures																																																						-421,000	-555,000	-867,000	-1,452,000	-742,000	-27,000	-764,000	-32,000
impairment charges
loss on termination of derivatives
income before equity in losses of unconsolidated joint ventures and discontinued operations																																																										15,880,000	14,219,000	11,606,000	10,849,000		5,444,000	5,444,000
income from continuing operations																																																										15,138,000	14,192,000	10,842,000	10,817,000	14,856,000	5,393,000	5,393,000	30	67,493,800			300	0.93	9,505,000	10,278,000	1,288,000	6,961,000	10,451,000	8,375,000	6,425,000	3,281,000	8,759,000	7,414,000	6,289,000	3,134,000	-404,000	4,413,000
discontinued operations
noncontrolling interests																																																												-1,420,000
noncontrolling interest																																																													-1,419,000					-1,984,500			-1,833,000
gain on early extinguishment of debt																																																																		2,616,750			10,467,000
gain on fair value measurement of previously held
loss on termination of interest rate swaps
income before equity in earnings of
net income attributable to
gain on fair value measurement of previously held interest in acquired joint venture
gain on fair value measurement of previous interest held in acquired joint venture																																																																						31,497
noncontrolling interest in operating partnership																																																																						-5,698
interest in acquired joint venture
loss on settlement of us treasury rate locks																																																																							2,227,500		8,910,000
unconsolidated joint ventures																																																																		13,941,250			14,104,000
tanger factory outlet centers, inc.																																																																		11,620,250			11,754,000
income before equity in earnings (losses) of
equity in earnings (losses) of unconsolidated joint ventures
net income attributable to common shareholders of
net income attributable to shareholders of tanger factory outlet centers, inc.																																																																						30,770
unconsolidated joint ventures, minority
interest and discontinued operations																																																																							4,943,250	11,411,000	707,000		4,928,250	9,284,000	7,078,000
equity in earnings of unconsolidated
joint ventures																																																																							387,000	596,000	558,000		257,500	461,000	334,000		242,750	539,000	285,000
minority interest in operating partnership																																																																							-1,577,000	-1,729,000	23,000	-1,088,000	-679,000	-1,370,000	-987,000	-370,000
discontinued operations, net of
minority interest																																																																											19,000	22,000			2,928,250
preferred share dividends																																																																							-1,054,750	-1,406,000	-1,407,000	-1,406,000	-1,054,750	-1,406,000	-1,407,000	-1,406,000	-1,006,750	-1,406,000	-1,406,000	-1,215,000
net income available to common
shareholders																																																																							3,577,000	8,872,000	-119,000		3,471,000	6,991,000	5,018,000		6,130,750	6,008,000	4,883,000
income (loss) from continuing operations																																																																																		60
income before equity in earnings of unconsolidated joint
ventures, minority interest and discontinued operations																																																																										7,655,000				3,416,000
discontinued operations, net of minority interest
net income available to common shareholders																																																																										5,555,000				1,875,000				13,632,000
interest expense (including prepayment
premium and deferred loan cost write off of
interests, discontinued operations
and loss on sale of real estate																																																																															4,601,750	8,066,000	6,973,000	3,368,000
minority interests
consolidated joint venture																																																																																			-3,832,000	-6,860,000
operating partnership																																																																															-1,455,000	-1,191,000	-969,000	-381,000	196,000	-943,000
income before loss on sale of real estate																																																																															8,759,000	7,414,000	6,289,000	14,847,000	125,000	4,413,000
loss on sale of real estate excluded from
discontinued operations, net of minority
interest
income before equity in earnings of unconsolidated
joint ventures, minority interests, discontinued operations
discontinued operations, net of minority interests																																																																																		11,713,000
loss on sale of real estate excluded from discontinued
operations, net of minority interest
income before equity in earnings of unconsolidated joint ventures, minority interests, discontinued operations and loss on sale of real estate																																																																																			3,067,000	11,961,000
minority interests:
loss on sale of real estate, net of minority interest

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-06-29	2010-03-31	2009-12-31	2009-11-06	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30

assets
rental property:
land	342,203,000	342,203,000	332,010,000	332,010,000	311,355,000	303,605,000	303,605,000	303,605,000	303,605,000	275,081,000	275,081,000	275,081,000	275,079,000	277,041,000	277,041,000	268,269,000	268,269,000	268,243,000	265,714,000	265,714,000	265,968,000	266,014,000	266,537,000	266,537,000	266,537,000	267,642,000	267,966,000	267,910,000	278,428,000	278,632,000	279,978,000	279,978,000	279,978,000	268,821,000	262,166,000	272,153,000	272,153,000	262,240,000	254,809,000	235,622,000	240,267,000	225,306,000	217,994,000	217,994,000	217,994,000	230,415,000	230,415,000	230,415,000	230,415,000	230,417,000	148,003,000	148,002,000	148,002,000	148,002,000	148,002,000	148,002,000	148,002,000	148,002,000	144,329,000	141,577,000		141,575,000	141,575,000	142,822,000	143,933,000	135,605,000	135,605,000	135,708,000			135,688,000	130,077,000	130,077,000		129,921,000	130,138,000	130,137,000		130,250,000	119,876,000	119,969,000	120,715,000	113,284,000
buildings, improvements and fixtures	3,360,308,000	3,318,981,000	3,187,548,000	3,173,065,000	3,089,239,000	3,011,234,000	2,982,741,000	2,944,077,000	2,938,434,000	2,575,872,000	2,564,722,000	2,558,983,000	2,553,452,000	2,551,741,000	2,537,507,000	2,528,223,000	2,532,489,000	2,520,492,000	2,522,600,000	2,519,214,000	2,527,404,000	2,545,111,000	2,571,971,000	2,564,224,000	2,630,357,000	2,663,507,000	2,651,300,000	2,639,764,000	2,764,649,000	2,755,698,000	2,825,729,000	2,810,980,000	2,793,638,000	2,694,549,000	2,651,419,000	2,667,087,000	2,647,477,000	2,553,564,000	2,377,765,000	2,219,955,000	2,249,417,000	2,173,499,000	2,078,946,000	1,950,092,000	1,947,083,000	2,043,583,000	2,029,321,000	2,013,520,000	2,009,971,000	2,004,882,000	1,821,404,000	1,802,160,000	1,796,042,000	1,793,963,000	1,787,050,000	1,773,055,000	1,764,494,000	1,747,149,000	1,560,920,000	1,441,260,000		1,343,155,000	1,343,155,000	1,360,010,000	1,352,568,000	1,349,310,000	1,349,310,000	1,343,854,000			1,233,680,000	1,130,536,000	1,127,956,000				1,071,691,000					1,004,545,000	960,105,000
construction in progress	18,174,000	18,310,000	11,662,000	8,531,000	7,453,000	9,421,000	17,059,000	39,249,000	29,201,000	128,361,000	88,788,000	54,623,000	27,340,000	14,133,000	13,346,000	6,175,000													3,102,000	762,000	1,329,000	615,000	14,854,000	87,762,000	94,490,000	65,461,000	46,277,000	92,937,000	61,038,000	42,287,000	23,533,000	63,445,000	95,167,000	154,328,000	98,526,000	75,000,000	37,553,000	20,848,000	9,433,000	4,375,000	2,531,000	6,336,000	3,308,000			4,545,000	3,549,000	1,800,000	3,367,000	2,590,000		39,883,000	39,883,000	19,557,000	11,369,000						16,377,000	90,430,000	53,036,000		61,364,000	39,728,000	23,944,000			51,260,000	32,459,000	27,606,000	8,797,000
rental property: - sum	3,720,685,000	3,679,494,000	3,531,220,000	3,513,606,000		3,324,260,000	3,303,405,000	3,286,931,000	3,271,240,000	2,979,314,000	2,928,591,000	2,888,687,000	2,855,871,000	2,842,915,000	2,827,894,000	2,802,667,000	2,800,758,000	2,788,735,000	2,788,314,000	2,784,928,000	2,793,372,000	2,811,125,000	2,838,508,000	2,830,761,000	2,896,894,000	2,931,149,000	2,919,266,000	2,907,674,000	3,046,179,000	3,035,092,000	3,107,036,000	3,091,573,000	3,088,470,000	3,051,132,000	3,008,075,000	3,004,701,000	2,965,907,000
accumulated depreciation	-1,513,594,000	-1,483,480,000	-1,453,947,000	-1,423,009,000	-1,428,017,000	-1,401,334,000	-1,376,022,000	-1,347,011,000	-1,318,264,000	-1,295,139,000	-1,271,635,000	-1,248,391,000	-1,224,962,000	-1,212,218,000	-1,189,576,000	-1,166,231,000	-1,145,388,000	-1,125,883,000	-1,102,800,000	-1,078,999,000	-1,054,993,000	-1,034,670,000	-1,032,784,000	-1,007,922,000	-1,009,951,000	-991,441,000	-966,805,000	-941,193,000	-981,305,000	-953,158,000	-956,418,000	-929,608,000	-901,967,000	-875,121,000	-849,652,000	-839,843,000	-814,583,000	-792,272,000	-769,777,000	-749,325,000	-748,341,000	-727,921,000	-699,836,000	-680,739,000	-662,236,000	-708,515,000	-691,339,000	-671,807,000	-654,631,000	-636,035,000	-618,644,000	-600,713,000	-582,859,000	-565,521,000	-547,167,000	-530,150,000	-512,485,000	-494,518,000	-477,687,000	-462,942,000						-396,508,000	-396,508,000	-379,412,000			-345,577,000	-333,995,000	-323,520,000		-302,411,000	-296,319,000	-287,720,000		-266,054,000	-266,958,000	-257,256,000	-253,765,000	-247,179,000
total rental property	2,207,091,000	2,196,014,000	2,077,273,000	2,090,597,000	1,980,030,000	1,922,926,000	1,927,383,000	1,939,920,000	1,952,976,000	1,684,175,000	1,656,956,000	1,640,296,000	1,630,909,000	1,630,697,000	1,638,318,000	1,636,436,000	1,655,370,000	1,662,852,000	1,685,514,000	1,705,929,000	1,738,379,000	1,776,455,000	1,805,724,000	1,822,839,000	1,886,943,000	1,939,708,000	1,952,461,000	1,966,481,000	2,064,874,000	2,081,934,000	2,150,618,000	2,161,965,000	2,186,503,000	2,176,011,000	2,158,423,000	2,164,858,000	2,151,324,000	2,116,469,000	1,923,835,000	1,748,539,000	1,764,876,000	1,734,329,000	1,692,271,000	1,641,675,000	1,601,367,000	1,640,483,000	1,605,950,000	1,592,976,000	1,595,188,000	1,603,639,000	1,353,294,000	1,355,785,000	1,364,493,000	1,376,444,000	1,387,885,000	1,395,452,000	1,403,560,000
cash and cash equivalents	18,133,000	13,029,000	9,741,000	10,156,000	46,992,000	11,053,000	9,060,000	8,137,000	12,778,000	188,459,000	213,002,000	202,821,000	212,124,000	180,708,000	194,190,000	152,847,000	161,255,000	143,116,000	107,612,000	201,721,000	84,832,000	19,793,000	338,606,000	600,454,000	16,672,000	4,664,000	7,379,000	1,616,000	9,083,000	4,404,000	4,261,000	3,427,000	6,101,000	8,773,000	8,362,000	7,225,000	12,222,000	25,902,000	27,107,000	18,877,000	21,558,000	20,661,000	16,949,000	14,661,000	16,875,000	10,824,000	13,240,000	16,906,000	15,241,000	10,482,000	5,450,000	2,691,000	10,335,000	9,511,000	11,855,000	10,787,000	7,894,000	3,694,000	18,438,000	731,000		3,453,000	3,453,000	3,197,000	3,267,000	4,401,000	4,401,000	5,150,000	13,195,000	4,977,000	3,753,000	1,088,000	2,302,000	2,412,000	2,434,000	1,223,000	3,273,000	8,453,000	20,197,000	1,785,000	2,153,000	2,930,000	6,219,000
restricted cash	35,395,000	37,199,000																																				2,936,000			121,306,000	42,904,000
investments in unconsolidated joint ventures	64,862,000	65,695,000	66,671,000	64,482,000	65,665,000	70,245,000	72,079,000	71,701,000	71,900,000	72,313,000	74,460,000	73,368,000	73,809,000	74,703,000	80,041,000	82,955,000	82,647,000	85,421,000	88,868,000	89,482,000	94,579,000	92,537,000	92,150,000	86,478,000	94,691,000	94,415,000	96,299,000	97,654,000	95,969,000	111,305,000	110,502,000	114,304,000	119,436,000	125,819,000	131,172,000	127,901,000	128,104,000	170,855,000	210,486,000	218,732,000	201,083,000	197,964,000	212,939,000	205,083,000	208,050,000	249,659,000	210,131,000	171,040,000	140,214,000	136,922,000	162,094,000	133,982,000	126,632,000	82,676,000	72,394,000	48,483,000	28,481,000	9,447,000	4,592,000	5,861,000		7,570,000	7,570,000	8,151,000	9,054,000	9,569,000	9,569,000	9,808,000		9,457,000	12,145,000	11,667,000	9,193,000	10,695,000	11,908,000	14,324,000	14,052,000	14,451,000	14,581,000	15,130,000	14,960,000	13,020,000
deferred lease costs and other intangibles	110,669,000	115,999,000	100,155,000	104,792,000	85,028,000	77,508,000	81,864,000	86,436,000	91,269,000	54,096,000	55,588,000	56,818,000	58,574,000	63,996,000	67,482,000	69,861,000	73,720,000	76,980,000	79,425,000	81,807,000	84,960,000	88,183,000	94,757,000	97,560,000	96,712,000	101,373,000	104,286,000	106,170,000	116,874,000	120,064,000	124,234,000	127,493,000	132,061,000	135,768,000	139,675,000	146,965,000	151,579,000	156,496,000	133,578,000	123,404,000	127,089,000	130,390,000	133,909,000	137,478,000	140,883,000	146,642,000	151,738,000	157,627,000	163,581,000	171,702,000	94,192,000	97,328,000	101,040,000	104,496,000	109,850,000	115,157,000	120,636,000	120,933,000	51,573,000	28,090,000
operating lease right-of-use assets	83,497,000	81,741,000	75,421,000	75,762,000	76,099,000	76,431,000	76,759,000	77,082,000	77,400,000	77,715,000	78,025,000	78,332,000	78,636,000	78,933,000	79,228,000	79,519,000	79,807,000	80,658,000	80,942,000	81,222,000	81,499,000	83,210,000	83,489,000	83,764,000	86,575,000	86,830,000	87,430,000	87,679,000
prepaids and other assets	136,335,000	126,260,000	122,987,000	115,442,000	127,369,000	117,128,000	124,205,000	110,151,000	108,609,000	115,395,000	102,547,000	100,811,000	111,163,000	128,652,000	95,986,000	112,614,000	104,585,000	100,134,000	88,721,000	99,260,000	105,282,000	125,297,000	149,066,000	100,674,000	103,618,000	97,367,000	95,913,000	94,224,000	98,102,000	103,910,000	98,982,000	98,669,000	96,004,000	95,075,000	91,861,000	92,821,000	82,985,000	88,261,000	84,346,000	81,054,000	78,913,000	74,577,000	74,393,000	71,924,000	72,354,000	82,715,000	77,905,000	81,068,000	81,414,000	71,943,000	69,205,000	63,353,000	60,842,000	56,211,000	50,172,000	54,304,000	52,383,000	50,856,000	55,274,000	53,912,000
total assets	2,655,982,000	2,635,937,000	2,452,248,000	2,477,859,000	2,381,183,000	2,275,291,000	2,293,556,000	2,301,166,000	2,324,119,000	2,205,303,000	2,195,948,000	2,185,392,000	2,217,665,000	2,157,689,000	2,155,245,000	2,134,232,000	2,157,384,000	2,149,161,000	2,131,082,000	2,259,421,000	2,189,531,000	2,185,475,000	2,563,792,000	2,791,769,000	2,285,211,000	2,324,357,000	2,343,768,000	2,353,824,000	2,384,902,000	2,421,617,000	2,488,597,000	2,505,858,000	2,540,105,000	2,541,446,000	2,529,493,000	2,539,770,000	2,526,214,000	2,560,919,000	2,379,352,000	2,190,606,000	2,326,707,000	2,230,799,000	2,188,740,000	2,128,957,000	2,097,660,000	2,140,117,000	2,068,616,000	2,029,893,000	2,006,456,000	2,001,963,000	1,692,156,000	1,661,673,000	1,672,425,000	1,638,957,000	1,642,375,000	1,634,958,000	1,621,815,000	1,593,690,000	1,367,589,000	1,218,244,000		1,179,140,000	1,179,140,000	1,168,905,000	1,178,861,000						1,124,731,000	1,099,721,000			1,053,447,000	1,042,053,000	1,028,838,000		1,043,433,000	1,022,213,000	1,015,230,000	1,000,605,000	940,994,000
liabilities and equity
liabilities
debt:
senior, unsecured notes	1,043,609,000	1,043,131,000	1,042,656,000	1,042,182,000	1,041,710,000	1,041,240,000	1,040,772,000	1,040,310,000	1,039,840,000	1,039,377,000	1,038,915,000	1,038,456,000	1,037,998,000	1,037,541,000	1,037,086,000	1,036,635,000	1,036,181,000	1,035,670,000	992,592,000	1,141,074,000	1,140,576,000	1,140,080,000	1,139,585,000	1,139,093,000	1,138,603,000	1,138,115,000	1,137,629,000	1,137,145,000	1,136,663,000	1,136,184,000	1,135,705,000	1,135,230,000	1,134,755,000	1,134,181,000	1,136,296,000	1,135,806,000	1,135,309,000	1,037,073,000	789,991,000	789,635,000	794,253,000	794,080,000	793,910,000	793,741,000	793,574,000	794,729,000	794,567,000	794,407,000	794,248,000	548,247,000	548,174,000	548,103,000	548,033,000	547,964,000	547,896,000	547,829,000	547,763,000	547,698,000	554,644,000	554,670,000		554,415,000	554,415,000	256,412,000	256,352,000	256,293,000	256,293,000	256,235,000		398,819,000												349,099,000	100,000,000
unsecured term loans	323,978,000				323,182,000				322,322,000				321,525,000				298,421,000				347,370,000				347,367,000				346,799,000				322,975,000			322,575,000	322,410,000	322,195,000	321,980,000	258,540,000	267,419,000	267,378,000	267,338,000	267,298,000	267,259,000	267,219,000	267,180,000	267,141,000	267,104,000	267,065,000	259,528,000	259,491,000	259,453,000	259,416,000	259,380,000	259,344,000
mortgages payable	185,234,000	186,050,000	67,658,000	58,506,000	58,867,000	60,186,000	61,487,000	62,772,000	64,041,000	65,293,000	66,529,000	67,749,000	68,971,000	58,958,000	60,146,000	61,312,000	62,474,000	76,807,000	77,904,000	78,933,000	79,940,000	80,924,000	81,897,000	82,856,000	83,803,000	84,738,000	85,661,000	86,572,000	87,471,000	88,359,000	89,235,000	90,109,000	99,761,000	170,776,000	171,215,000	171,458,000	172,145,000	172,647,000	235,215,000	167,603,000	311,834,000	281,966,000	276,942,000	285,068,000	271,361,000	247,240,000	248,336,000	249,418,000	250,497,000	251,533,000	104,237,000	105,346,000	107,745,000	108,672,000	109,583,000	110,483,000		112,235,000											288,169,000													201,233,000	281,069,000
unsecured lines of credit	44,000,000	60,000,000	92,000,000	139,000,000			35,000,000	46,000,000	13,000,000														397,407,000	598,074,000		1,817,000	15,917,000	12,117,000	141,985,000	199,701,000	220,018,000	223,634,000	206,160,000	146,013,000	98,698,000	69,622,000	58,002,000	192,731,000	255,661,000	259,890,000	190,300,000	195,800,000	176,300,000	115,700,000	111,000,000	139,800,000	91,200,000	46,900,000	16,200,000	259,000,000	213,100,000	174,917,000	178,306,000	136,769,000	141,224,000	121,073,000	357,092,000	172,300,000	182,000,000	166,300,000		50,800,000	50,800,000	93,400,000	57,700,000	54,000,000	54,000,000	188,250,000		161,500,000	149,500,000	128,300,000	156,900,000		23,300,000	7,900,000				49,800,000	47,100,000	59,775,000
total debt	1,596,821,000	1,613,012,000	1,525,931,000	1,563,090,000	1,423,759,000	1,424,393,000	1,460,011,000	1,471,619,000	1,439,203,000	1,426,832,000	1,427,391,000	1,427,941,000	1,428,494,000	1,395,463,000	1,396,015,000	1,396,537,000	1,397,076,000	1,410,765,000	1,368,602,000	1,542,760,000	1,567,886,000	1,568,217,000	1,965,892,000	2,167,554,000	1,569,773,000	1,571,923,000	1,586,309,000	1,582,784,000	1,712,918,000	1,747,660,000	1,768,207,000	1,772,055,000	1,763,651,000	1,773,981,000	1,729,002,000	1,699,461,000	1,687,866,000	1,724,646,000	1,602,847,000	1,475,668,000	1,563,806,000	1,539,224,000	1,514,490,000	1,461,807,000	1,443,194,000	1,448,988,000	1,401,283,000	1,357,866,000	1,328,049,000	1,325,845,000	1,125,039,000	1,087,857,000	1,093,537,000	1,052,821,000	1,058,083,000	1,038,729,000	1,025,542,000	982,233,000	886,644,000	720,970,000					584,611,000																	663,607,000	434,569,000
accounts payable and accrued expenses	133,065,000	98,527,000	86,506,000	75,075,000	107,775,000	86,761,000	85,991,000	77,922,000	118,505,000	99,041,000	91,897,000	79,401,000	104,741,000	76,491,000	76,512,000	58,016,000	92,995,000	90,053,000	70,328,000	68,084,000	88,253,000	85,712,000	70,895,000	90,659,000	79,562,000	73,932,000	60,324,000	87,536,000	82,676,000	70,132,000	65,445,000	66,405,000	90,416,000	84,091,000	71,383,000	82,772,000	78,143,000	78,542,000	62,658,000	67,608,000	97,396,000	90,506,000	83,787,000	80,835,000	69,558,000	56,011,000	39,411,000	46,401,000	49,686,000	48,400,000	34,806,000	37,957,000	41,149,000	46,087,000	38,011,000	43,165,000	37,757,000	44,127,000	27,129,000	33,503,000		22,747,000	22,747,000	28,544,000	31,916,000	34,235,000	34,235,000	25,103,000		57,191,000	46,573,000	34,831,000	54,203,000	47,185,000	35,237,000	26,656,000	25,680,000	25,094,000	27,254,000	22,095,000	21,434,000	23,954,000	14,849,000
operating lease liabilities	91,569,000	90,071,000	83,777,000	84,144,000	84,499,000	85,079,000	85,423,000	85,757,000	86,076,000	86,621,000	86,929,000	87,234,000	87,528,000	88,046,000	88,330,000	88,610,000	88,874,000	89,364,000	89,619,000	89,870,000	90,105,000	90,566,000	90,793,000	91,017,000	91,237,000	91,683,000	92,092,000	92,354,000
other liabilities	99,423,000	102,176,000	94,692,000	95,537,000	85,476,000	86,426,000	84,551,000	86,145,000	89,022,000	80,379,000	81,988,000	84,510,000	82,968,000	82,030,000	81,813,000	80,492,000	78,650,000	78,819,000	79,048,000	75,693,000	84,404,000	91,495,000	106,229,000	94,881,000	88,530,000	88,619,000	88,235,000	87,707,000	83,773,000	79,342,000	79,281,000	73,907,000	73,736,000	74,339,000	67,979,000	59,534,000	54,764,000	52,079,000	53,433,000	31,758,000	31,085,000	31,405,000	30,639,000	31,076,000	32,634,000	29,300,000	30,024,000	31,942,000	32,962,000	33,101,000	16,422,000	16,676,000	16,780,000	16,429,000	16,283,000	16,399,000	16,428,000	16,249,000	16,170,000	16,409,000		17,286,000	17,286,000	25,657,000	27,077,000	28,864,000	28,864,000	32,152,000
total liabilities	1,920,878,000	1,903,786,000	1,790,906,000	1,817,846,000	1,701,509,000	1,682,659,000	1,715,976,000	1,721,443,000	1,732,806,000	1,692,873,000	1,688,205,000	1,679,086,000	1,703,731,000	1,642,030,000	1,642,670,000	1,623,655,000	1,657,595,000	1,669,001,000	1,607,597,000	1,776,407,000	1,830,648,000	1,835,990,000	2,233,809,000	2,444,111,000	1,829,102,000	1,826,157,000	1,826,960,000	1,850,381,000	1,879,367,000	1,897,134,000	1,912,933,000	1,912,367,000	1,927,803,000	1,932,411,000	1,868,364,000	1,841,767,000	1,820,773,000	1,855,267,000	1,718,938,000	1,575,034,000	1,720,675,000	1,689,523,000	1,657,304,000	1,602,106,000	1,573,774,000	1,585,903,000	1,514,458,000	1,478,068,000	1,448,861,000	1,441,006,000	1,181,862,000	1,150,234,000	1,158,550,000	1,125,862,000	1,127,123,000	1,113,991,000	1,093,383,000	1,061,940,000	957,276,000	801,866,000		676,077,000	676,077,000	661,394,000	657,798,000																	701,025,000	457,712,000
commitments and contingencies
equity
tanger inc.:
common shares, 0.01 par value...	1,151,000	1,151,000	1,132,000	1,132,000	1,127,000	1,102,000	1,094,000	1,094,000	1,088,000	1,053,000	1,052,000	1,053,000	1,045,000	1,043,000	1,044,000	1,044,000	1,041,000	1,040,000	1,036,000	1,008,000	936,000	935,000
paid in capital	1,262,920,000	1,260,435,000	1,190,344,000	1,187,104,000	1,190,746,000	1,102,443,000	1,075,902,000	1,073,313,000	1,079,387,000	992,901,000	986,472,000	984,253,000	987,192,000	984,540,000	981,833,000	978,734,000	978,054,000	975,137,000	966,409,000	913,236,000	787,143,000	783,815,000	781,485,000	778,062,000	775,035,000	771,868,000	778,026,000	780,936,000	778,845,000	774,724,000	770,877,000	776,753,000	784,782,000	781,020,000	787,255,000	821,509,000	820,251,000	816,464,000	811,853,000	808,779,000	806,379,000	802,638,000	798,587,000	794,652,000	791,566,000	801,363,000	797,286,000	793,059,000	788,984,000	785,515,000	771,265,000	768,702,000	766,056,000	762,821,000	758,381,000	751,633,000	720,073,000	718,318,000	607,756,000	606,121,000		599,270,000	599,270,000	597,968,000	596,074,000	595,240,000	595,240,000	482,532,000		358,891,000	357,698,000	355,733,000	353,237,000	351,817,000	350,701,000	349,599,000	347,933,000	346,361,000	345,411,000	332,103,000	330,545,000	338,688,000	349,287,000
accumulated distributions in excess of net income	-529,239,000	-528,996,000	-527,896,000	-524,846,000	-511,816,000	-507,833,000	-502,589,000	-497,330,000	-490,171,000	-486,488,000	-488,273,000	-486,638,000	-485,557,000	-480,904,000	-483,241,000	-482,206,000	-483,409,000	-496,495,000	-448,368,000	-432,895,000	-420,104,000	-420,367,000	-433,396,000	-410,532,000	-317,263,000	-272,481,000	-262,764,000	-276,491,000	-272,454,000	-259,258,000	-204,506,000	-194,416,000	-184,865,000	-183,975,000	-136,225,000	-132,571,000	-122,701,000	-115,565,000	-153,465,000	-195,654,000	-195,486,000	-256,180,000	-272,948,000	-270,124,000	-281,679,000	-276,218,000	-276,224,000	-272,085,000	-265,242,000	-262,173,000	-294,237,000	-289,880,000	-285,588,000	-283,943,000	-279,657,000	-271,941,000	-261,913,000	-257,930,000
accumulated other comprehensive loss	-28,349,000	-28,944,000	-28,408,000	-29,495,000	-27,687,000	-27,418,000	-20,667,000	-21,280,000	-23,519,000	-16,795,000	-13,342,000	-14,159,000	-11,037,000	-11,253,000	-9,420,000	-9,252,000	-17,761,000	-20,686,000	-18,743,000	-20,268,000	-26,585,000	-32,347,000	-35,513,000	-38,228,000	-25,495,000	-27,372,000	-25,415,000	-27,153,000	-27,151,000	-18,413,000	-20,722,000	-19,623,000	-19,285,000	-19,713,000	-24,247,000	-26,632,000	-28,295,000	-31,618,000	-32,090,000	-29,814,000	-36,715,000	-33,943,000	-22,470,000	-25,755,000	-14,023,000	-7,382,000	-3,265,000																			-6,824,000	-6,824,000	-6,879,000		-9,617,000	-73,000		-14,938,000
equity attributable to tanger inc.	706,483,000	703,646,000	635,172,000	633,895,000	652,370,000	568,294,000	553,740,000	555,797,000	566,785,000
equity attributable to noncontrolling interests:
noncontrolling interests in operating partnership	28,621,000	28,505,000	26,170,000	26,118,000	27,304,000	24,338,000	23,840,000	23,926,000	24,528,000	21,759,000	21,834,000	21,797,000	22,291,000	22,233,000	22,359,000	22,257,000	21,864,000	21,164,000	23,151,000	21,933,000	17,493,000	17,449,000	16,472,000	17,425,000	22,903,000	25,256,000	26,026,000	25,210,000	25,356,000	26,491,000	29,076,000	29,833,000	30,724,000	30,758,000	33,237,000	34,573,000	35,066,000	35,250,000	32,996,000	30,711,000	30,309,000	27,207,000	26,712,000	26,481,000	26,417,000	27,595,000	27,602,000	27,606,000	28,432,000	28,615,000	24,100,000	24,184,000	24,432,000	25,218,000	27,386,000	32,068,000	61,027,000	61,344,000
noncontrolling interests in other consolidated partnerships																																			159,000	159,000	159,000	160,000	160,000	589,000	586,000	596,000	597,000	639,000	650,000	7,897,000	7,800,000	7,802,000	6,904,000	6,876,000	6,879,000	6,310,000	6,834,000	6,808,000	6,802,000	6,832,000	6,843,000	7,635,000
total equity	735,104,000	732,151,000	661,342,000	660,013,000	679,674,000	592,632,000	577,580,000	579,723,000	591,313,000	512,430,000	507,743,000	506,306,000	513,934,000	515,659,000	512,575,000	510,577,000	499,789,000	480,160,000	523,485,000	483,014,000	358,883,000	349,485,000	329,983,000	347,658,000	456,109,000	498,200,000	516,808,000	503,443,000	505,535,000	524,483,000	575,664,000	593,491,000	612,302,000	609,035,000	661,129,000	698,003,000	705,441,000	705,652,000	660,414,000	615,572,000	606,032,000	541,276,000	531,436,000	526,851,000	523,886,000	554,214,000	554,158,000	551,825,000	557,595,000	560,957,000	510,294,000	511,439,000	513,875,000	513,095,000	515,252,000	520,967,000	528,432,000	531,750,000	410,313,000	416,378,000		503,063,000	503,063,000	507,511,000	521,063,000
total liabilities and equity	2,655,982,000	2,635,937,000	2,452,248,000	2,477,859,000	2,381,183,000	2,275,291,000	2,293,556,000	2,301,166,000	2,324,119,000	2,205,303,000	2,195,948,000	2,185,392,000	2,217,665,000	2,157,689,000	2,155,245,000	2,134,232,000	2,157,384,000	2,149,161,000	2,131,082,000	2,259,421,000	2,189,531,000	2,185,475,000	2,563,792,000	2,791,769,000	2,285,211,000	2,324,357,000	2,343,768,000	2,353,824,000	2,384,902,000	2,421,617,000	2,488,597,000	2,505,858,000	2,540,105,000	2,541,446,000	2,529,493,000	2,539,770,000	2,526,214,000	2,560,919,000	2,379,352,000	2,190,606,000	2,326,707,000	2,230,799,000	2,188,740,000	2,128,957,000	2,097,660,000	2,140,117,000	2,068,616,000	2,029,893,000	2,006,456,000	2,001,963,000	1,692,156,000	1,661,673,000	1,672,425,000	1,638,957,000	1,642,375,000	1,634,958,000	1,621,815,000	1,593,690,000	1,367,589,000	1,218,244,000		1,179,140,000	1,179,140,000	1,168,905,000	1,178,861,000
unsecured term loan		323,831,000	323,617,000	323,402,000		322,967,000	322,752,000	322,537,000		322,162,000	321,947,000	321,736,000		298,964,000	298,783,000	298,590,000		298,288,000	298,106,000	322,753,000		347,213,000	347,003,000	347,531,000		347,253,000	347,102,000	346,950,000		323,416,000	323,249,000	323,082,000		323,011,000	322,793,000																													235,000,000	235,000,000	235,000,000	235,000,000	235,000,000		235,000,000	235,000,000	235,000,000
rental property held for sale				16,628,000																																						19,286,000	46,862,000	46,530,000	46,005,000																	1,921,000	1,921,000
short-term investments							2,206,000	7,739,000	9,187,000	13,150,000	15,370,000	32,946,000	52,450,000																																																																						20,000,000
tanger factory outlet centers, inc.:
equity attributable to tanger factory outlet centers, inc.										490,671,000	485,909,000	484,509,000	491,643,000	493,426,000	490,216,000	488,320,000	477,925,000	458,996,000	500,334,000	461,081,000	341,390,000	332,036,000	313,511,000	330,233,000	433,206,000	472,944,000	490,782,000	478,233,000	480,179,000	497,992,000	546,588,000	563,658,000	581,578,000	578,277,000	627,733,000	663,271,000	670,216,000	670,242,000	627,258,000	584,272,000	575,137,000	513,473,000	504,127,000	499,731,000	496,819,000	518,722,000	518,756,000	516,417,000	522,259,000	525,466,000	479,315,000	480,945,000	482,609,000	481,069,000	481,064,000	482,067,000	460,562,000	462,771,000	357,039,000	362,316,000		447,261,000	447,261,000	451,128,000	462,671,000
common shares, .01 par value...																							935,000	931,000	929,000	929,000	935,000	941,000	939,000	939,000	939,000	944,000	946,000	945,000	950,000	965,000	961,000	961,000	960,000	961,000	959,000	958,000	958,000	958,000	955,000	959,000	959,000	958,000	945,000	945,000	944,000	944,000	941,000	939,000	935,000	926,000	867,000	867,000	813,000	813,000																							307,000
deferred financing obligation																																									28,388,000	28,388,000	28,388,000	28,388,000	28,388,000	28,388,000	28,388,000	28,388,000	28,388,000	28,388,000
rental property																																																										1,402,433,000	1,230,929,000	1,122,485,000		1,099,445,000	1,099,445,000	1,090,113,000	1,095,340,000	1,088,407,000	1,088,407,000	1,100,150,000			1,040,168,000	1,017,048,000	987,549,000		963,184,000	947,807,000	938,052,000		923,921,000	921,423,000	900,472,000		835,007,000
rental property - sum																																						2,908,741,000	2,693,612,000	2,497,864,000	2,513,217,000	2,462,250,000	2,392,107,000	2,322,414,000		2,348,998,000	2,297,289,000	2,264,783,000	2,249,819,000		1,971,938,000	1,956,498,000	1,947,352,000	1,941,965,000	1,935,052,000	1,925,602,000	1,916,045,000	1,896,951,000		1,585,427,000			1,524,613,000	1,522,389,000	1,507,870,000	1,484,915,000		1,479,562,000			1,385,745,000	1,351,043,000	1,311,069,000		1,265,595,000	1,244,126,000	1,225,772,000		1,189,975,000	1,188,381,000	1,157,728,000	1,152,866,000	1,082,186,000
debt
tanger factory outlet centers, inc.
equity attributable to noncontrolling interests
deferred debt origination costs																																									11,882,000	10,688,000	11,417,000	11,606,000	12,126,000	9,794,000	9,652,000	10,276,000	10,818,000	7,275,000	7,921,000	8,534,000	9,083,000	9,619,000	10,219,000	10,775,000	8,861,000	6,327,000	6,783,000	7,165,000
construction trade payables																																														23,216,000	15,352,000	13,471,000	9,776,000	5,272,000	5,595,000	7,744,000	7,084,000	10,525,000	14,746,000	15,698,000	13,656,000	19,331,000	27,333,000	30,984,000		30,829,000	30,829,000	22,381,000	14,194,000	7,957,000	7,957,000	6,327,000	3,356,000	11,968,000	22,840,000	28,393,000	23,780,000	23,813,000	27,943,000	27,840,000	22,266,000	23,504,000	21,049,000	22,372,000	14,247,000	13,464,000	8,294,000
accumulated other comprehensive income																																																-5,515,000	-2,428,000	1,179,000	1,343,000	1,179,000	1,200,000	1,252,000	1,405,000	1,449,000	1,535,000	1,516,000	1,683,000	1,754,000		1,884,000	1,884,000									725,000		-6,301,000	972,000	7,139,000	2,307,000	3,228,000	2,099,000	8,680,000	7,047,000	2,458,000	1,119,000
unsecured note																																																									9,308,000																							53,500,000	53,500,000	53,500,000	53,500,000
mortgages payables																																																									111,379,000
assets:
liabilities and equity:
senior, unsecured bridge loan																																																										150,000,000	150,000,000
accumluated distributions in excess of net income																																																											-253,213,000
equity attributable to noncontrolling interests in operating partnership																																																											53,274,000
distributions in excess of net income																																																												-246,372,000						-197,725,000	-197,725,000	-186,202,000			-192,601,000	-189,458,000	-177,353,000		-169,419,000	-165,139,000	-158,902,000		-147,030,000	-142,497,000	-136,853,000
equity attributable to noncontrolling interest in operating partnership																																																												54,062,000	55,390,000	55,802,000	55,802,000	56,383,000	58,392,000	58,906,000	58,906,000	47,801,000
the accompanying notes are an integral part of these consolidated financial statements.
deferred charges																																																														35,124,000	35,124,000	35,555,000	38,867,000	41,572,000	41,572,000	43,746,000	6,307,000	37,942,000	39,854,000	41,821,000	42,302,000	44,804,000	47,306,000	49,795,000	52,312,000	55,089,000	57,915,000	56,867,000	59,497,000	64,555,000	52,873,000
other assets																																																														31,627,000	31,627,000	31,889,000	32,333,000	32,646,000	32,646,000	31,771,000	4,399,000	29,248,000	28,811,000	28,097,000	31,698,000	27,870,000	26,563,000	28,904,000	21,149,000	21,409,000	26,819,000	27,008,000	38,148,000	18,362,000	26,895,000
mortgage payable																																																																	35,559,000	35,246,000	35,246,000	34,938,000
debt - sum																																																															605,215,000	584,812,000
preferred shares, 7.5% class c, liquidation preference
distributions in excess of earnings																																																																						-196,535,000				-171,625,000				-150,223,000				-140,738,000	-130,955,000
commitments
tanger factory outlet centers, inc. equity
tanger factory outlet centers, inc. shareholders’ equity
investment properties at cost																																																																					288,951,000
liabilities and owners’ equity:
accounts payable and other liabilities																																																																					6,998,000
owners’ equity																																																																					14,329,000
total liabilities and owners’ equity																																																																					312,852,000
liabilities, minority interest and shareholders’ equity
minority interest in operating partnership																																																																						29,321,000	31,678,000	32,102,000	31,019,000	33,733,000	35,366,000	37,191,000	37,193,000	39,024,000	39,270,000	53,541,000	54,124,000
shareholders’ equity
preferred shares, 7.5% class c, liquidation preference 25 per share, 8,000,000
senior, unsecured notes (net of discount of 701 and
mortgages payable (including a debt premium of
senior, unsecured notes (net of discount of 721 and
senior, unsecured notes (net of discount of 740 and
mortgages payable (including a debt premium
building, improvement and fixtures																																																																											1,074,310,000	1,074,260,000			1,059,725,000	1,017,245,000	1,005,300,000
assets held for sale																																																																											2,052,000							2,637,000
senior, unsecured notes (net of discount of 778 and
senior, unsecured notes (net of discount of 796 and
senior, unsecured notes (net of discount of 815 and
deferred compensation																																																																																		-5,501,000	-5,930,000
senior, unsecured notes (net of discount of 850 and
senior, unsecured notes (net of discount of 867 and
senior, unsecured notes (net of discount of 885 and
liabilities, minority interests and shareholders’ equity
minority interests
consolidated joint venture																																																																																			227,234,000
operating partnership																																																																																		49,366,000	42,220,000
total minority interests																																																																																		49,366,000	269,454,000
total shareholders’ equity																																																																																		250,214,000	213,828,000
total liabilities, minority interests and shareholders’ equity																																																																																		1,000,605,000	940,994,000
liabilities, minority interests and shareholders’ equity:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-29	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

operating activities
net income	33,348,000	31,330,000	19,999,000	25,930,000	25,915,000	23,306,000	24,845,000	28,877,000	25,300,000	24,860,000	19,205,000	24,345,000	20,819,000	21,462,000			2,596,000	4,342,000	277,000	13,719,000	-23,890,000	-28,119,000	-12,379,000	24,809,000	14,457,000	65,841,000	20,619,000	-23,031,000	24,290,000	23,685,000	33,449,000	-16,034,000	30,947,000	23,514,000	25,636,000	72,774,000	77,302,000	28,617,000	113,963,000	46,460,000	25,359,000	36,386,000	18,520,000	24,297,000	19,895,000	15,440,000	23,136,000	56,180,000	17,776,000	16,229,000	19,014,000	16,170,000	12,458,000	8,834,000	15,138,000	14,192,000	10,842,000	10,817,000		5,392,000	3,003,000	13,076,000	4,364,000	50,018,532	36,468	9,505,000	10,278,000	1,288,000	6,961,000	10,473,000	8,397,000	6,425,000	3,281,000	8,759,000	7,414,000	6,289,000	14,847,000	125,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	37,103,000	36,608,000	37,146,000	35,376,000	34,174,000	33,860,000	32,233,000	25,374,000	25,389,000	25,893,000	33,996,000	25,445,000	26,220,000	26,243,000	27,182,000	26,944,000	27,732,000	28,150,000	29,177,000	29,903,000	28,646,000	29,417,000	30,305,000	30,103,000	31,146,000	31,760,000	33,055,000	32,850,000	32,694,000	33,123,000	32,569,000	30,976,000	32,905,000	31,294,000	33,279,000	29,205,000	26,306,000	26,567,000	26,890,000	28,785,000	24,272,000	23,989,000	25,398,000	25,774,000	25,197,000	26,063,000	27,063,000	24,223,000	22,172,000	22,288,000	23,436,000	24,809,000	24,923,000	25,515,000	25,228,000	22,964,000	17,858,000	17,965,000		17,143,000	26,527,000
impairment charge	0	0	4,249,000																	0	0	45,675,000					0																																	0	735,000
amortization of deferred financing costs	940,000	921,000	940,000	914,000	863,000	832,000	801,000	796,000	791,000	808,000	824,000	761,000	782,000	759,000	848,000	850,000	1,147,000	1,173,000	997,000	996,000	833,000	757,000	758,000	749,000	750,000	747,000	778,000	748,000	749,000	783,000	623,000	891,000	871,000	878,000	887,000	845,000	761,000	744,000	834,000	694,000	603,000	599,000	728,000	547,000	554,000	553,000	399,000	594,000	598,000	603,000	591,000	576,000	585,000	561,000	603,000	592,000	482,000	466,000		315,000	342,000
equity in earnings of unconsolidated joint ventures	-4,221,000	-3,034,000	-2,399,000	-2,312,000	-2,975,000	-2,516,000	-2,210,000	-2,389,000	-1,706,000	-1,935,000	-1,799,000	-2,055,000	-2,227,000	-2,513,000				-1,769,000				-1,527,000	-2,235,000	-2,329,000	-1,646,000	-1,629,000			-2,206,000	-2,194,000			-2,374,000	-2,318,000	-3,192,000	-715,000	-3,466,000	-3,499,000	-3,182,000	-3,713,000	-2,046,000	-2,543,000		-2,479,000	-1,788,000	-1,933,000
equity-based compensation expense	3,258,000	3,287,000	2,926,000	2,875,000	2,608,000	3,497,000	3,471,000	3,388,000	3,381,000	2,271,000	3,004,000	3,006,000	4,251,000	2,708,000	3,150,000	2,994,000	2,763,000	3,845,000	2,951,000	2,347,000	3,430,000	3,789,000	3,749,000	3,572,000	6,981,000	3,818,000	3,855,000	3,769,000	3,653,000	3,392,000	3,471,000	3,318,000
amortization of debt discounts	137,000	208,000	205,000	191,000	183,000	174,000
amortization of market rent rate adjustments	78,000	139,000	-402,000	165,000	133,000	95,000	101,000	256,000	155,000	134,000	918,000	185,000	138,000	176,000	142,000	126,000	238,000	-213,000	161,000	2,149,000	49,000	362,000	365,000	314,000	273,000	480,000	597,000	729,000	689,000	562,000		416,000	969,000	722,000		784,000	639,000	664,000		825,000
straight-line rent adjustments	-1,775,000	-712,000	418,000	-373,000	-499,000	511,000	820,000	408,000	321,000	680,000	499,000	155,000	-302,000	1,337,000	836,000	-384,000	478,000	1,043,000			2,549,000	-1,872,000	-783,000	-2,052,000	-2,916,000	-1,970,000	-1,100,000	-1,450,000	-1,346,000	-1,948,000	-883,000	-1,456,000	-1,588,000	-1,705,000	-1,910,000	-1,771,000	-1,714,000	-1,607,000	-1,605,000	-1,924,000	-1,549,000	-1,269,000	-1,046,000	-1,666,000	-1,523,000	-1,838,000	-1,461,000	-1,588,000	-1,392,000	-1,088,000	-783,000	-1,077,000	-792,000	-997,000
distributions of cumulative earnings from unconsolidated joint ventures	1,247,000	2,563,000	4,050,000	1,974,000	1,973,000	1,604,000	2,224,000	2,432,000	1,714,000	2,007,000	1,917,000	2,019,000	2,301,000	2,474,000	2,181,000	2,294,000	3,884,000	890,000	1,181,000	217,000	575,000	1,517,000	2,282,000	2,151,000	1,699,000	1,455,000	1,860,000	1,749,000	2,134,000	2,198,000	2,569,000	3,176,000	2,479,000	2,473,000	3,091,000	3,103,000	4,759,000	2,709,000	3,334,000	3,268,000	2,816,000	2,719,000	5,420,000	1,467,000	1,336,000	1,363,000	1,438,000	2,286,000	1,836,000	293,000	265,000	274,000	229,000	237,000	184,000	159,000	94,000	62,000		113,000	301,000
changes in other assets and liabilities:
other assets	347,000	-1,302,000	-2,760,000	-1,827,000	-4,081,000	7,026,000	3,380,000	-6,901,000	867,000	6,064,000	17,873,000	-24,669,000	8,449,000	-1,377,000	-768,000	-6,711,000	9,638,000	2,981,000	44,456,000	-14,235,000	-37,797,000	2,210,000	-3,821,000	239,000	-1,450,000	873,000	2,485,000	-4,144,000	2,024,000	1,714,000	1,496,000	-1,918,000	1,696,000	-909,000	-1,637,000	2,104,000	-1,743,000	732,000	-2,995,000	1,051,000	-739,000	1,885,000	5,944,000	-4,042,000	1,671,000	587,000	-7,912,000	1,637,000	-88,000	-1,313,000	-4,221,000	-5,292,000	5,243,000	-1,287,000	-2,703,000	-10,672,000	4,790,000	-495,000		1,000,000	1,250,000
accounts payable and accrued expenses	3,834,000	11,999,000	-22,935,000	2,260,000	14,486,000	-37,308,000	11,146,000	710,000	16,983,000	-35,352,000	17,579,000	4,343,000	12,084,000	-32,532,000	21,554,000	5,620,000	459,000	-12,931,000	147,000	16,467,000	9,473,000	-25,045,000	5,517,000	8,579,000	6,510,000	-24,894,000	10,793,000	5,362,000	2,579,000	-11,412,000	571,000	9,851,000	-8,437,000	-761,000	547,000	9,847,000	-6,366,000	-969,000	-8,686,000	14,964,000	-6,653,000	1,806,000	-8,480,000	16,384,000	-8,255,000	-3,275,000	5,041,000	10,394,000	-3,142,000	-3,305,000	-4,453,000	8,218,000	-5,260,000	5,373,000	-8,616,000	16,867,000	-6,400,000	1,319,000
net cash from operating activities	74,296,000	82,007,000	41,437,000	65,173,000	72,780,000	31,081,000	77,495,000	53,194,000	73,345,000	25,574,000	91,219,000	33,666,000	70,221,000	18,854,000	73,768,000	52,345,000	60,329,000	31,276,000	72,786,000	77,717,000	-13,038,000	27,282,000	61,483,000	66,248,000	59,553,000	33,168,000	78,358,000	64,593,000	65,363,000	50,004,000	71,548,000	70,857,000	54,149,000	56,605,000	61,550,000	72,745,000	50,990,000	54,031,000	45,727,000	74,328,000	46,311,000	54,389,000	40,265,000	64,397,000	41,607,000	42,502,000	50,417,000	61,655,000	40,123,000	35,291,000	36,602,000	46,354,000	40,212,000	42,597,000	31,184,000	44,941,000	28,830,000	31,039,000		25,313,000	28,728,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0	0
free cash flows	74,296,000	82,007,000	41,437,000	65,173,000	72,780,000	31,081,000	77,495,000	53,194,000	73,345,000	25,574,000	91,219,000	33,666,000	70,221,000	18,854,000	73,768,000	52,345,000	60,329,000	31,276,000	72,786,000	77,717,000	-13,038,000	27,282,000	61,483,000	66,248,000	59,553,000	33,168,000	78,358,000	64,593,000	65,363,000	50,004,000	71,548,000	70,857,000	54,149,000	56,605,000	61,550,000	72,745,000	50,990,000	54,031,000	45,727,000	74,328,000	46,311,000	54,389,000	40,265,000	64,397,000	41,607,000	42,502,000	50,417,000	61,655,000	40,123,000	35,291,000	36,602,000	46,354,000	40,212,000	42,597,000	31,184,000	44,941,000	28,830,000	31,039,000		25,313,000	28,728,000
investing activities
additions to rental property	-21,219,000	-17,295,000	-10,300,000	-24,339,000	-24,275,000	-24,816,000	-68,126,000	-48,240,000	-45,890,000	-25,940,000	-31,562,000	-20,031,000	-19,850,000	-5,867,000	-21,502,000	-11,849,000	-4,479,000	-7,357,000	-5,494,000	-6,596,000	-5,925,000	-10,551,000	-12,676,000	-12,806,000	-12,496,000	-9,906,000	-10,904,000	-12,137,000	-21,498,000	-19,714,000	-33,619,000	-43,851,000	-53,234,000	-35,527,000	-52,847,000	-43,631,000	-33,686,000	-34,896,000	-57,579,000	-69,896,000	-60,187,000	-51,044,000	-55,476,000	-46,750,000	-32,481,000	-13,269,000	-6,858,000	-14,432,000	-17,651,000	-8,495,000		-11,212,000	-11,610,000	-8,335,000		-14,880,000	-14,780,000	-15,251,000					-4,143,000	-20,950,694	-11,306		-41,016,000	-36,674,000	-24,897,000		-29,116,000	-14,461,000	-14,855,000		-14,047,000	-22,742,000	-14,619,000
net proceeds from sale of real estate assets	0
acquisition of real estate assets	-16,400,000	-2,406,000	-164,190,000
proceeds from short-term investments				2,206,000	5,533,000	1,448,000	3,963,000	9,899,000	17,576,000	19,504,000
additions to non-real estate assets	-1,301,000	-1,732,000	-1,345,000	-1,032,000	-3,360,000	-2,378,000	-3,647,000	-4,991,000	-1,765,000	-370,000	-1,667,000	-1,599,000	-2,252,000	-1,924,000	-1,509,000	-883,000	-367,000	-414,000	-331,000	-350,000	-514,000	-677,000	-336,000	-339,000	-306,000	-174,000	-127,000	-89,000	-811,000	-303,000	-525,000	-425,000	-1,010,000	-6,949,000	2,479,000	-6,603,000	-235,000	-2,144,000	-146,000	-234,000	-249,000	-208,000	-120,000	-130,000	-98,000	-705,000	0	-1,206,000
distributions in excess of cumulative earnings from unconsolidated joint ventures	1,625,000	967,000	1,299,000	1,220,000	615,000	1,002,000	3,082,000	22,000	1,524,000	2,556,000	3,938,000	1,563,000	3,183,000	3,353,000	3,551,000	2,659,000	5,733,000	7,631,000	4,354,000	1,624,000	-395,000	3,488,000	3,278,000	2,238,000	4,146,000	8,157,000	8,576,000	2,745,000	9,417,000	4,494,000	9,065,000	9,689,000	3,017,000	3,313,000	46,074,000	6,319,000	3,480,000	4,394,000	7,550,000	9,877,000	4,611,000	4,837,000	59,962,000	2,341,000	1,713,000	1,320,000	1,258,000	41,180,000	3,490,000	1,221,000	1,135,000	26,000	247,000	63,000	116,000	141,000	206,000	238,000		187,000	349,000				42
additions to deferred lease costs	-782,000	-1,837,000	-687,000	-1,370,000	-693,000	-498,000	-1,141,000	-576,000	-690,000	-694,000	-884,000	-610,000	-488,000	-588,000	218,000	-771,000	-894,000	-3,668,000	-306,000	-1,100,000	-435,000	-1,220,000	65,000	-1,088,000	-2,910,000	-1,209,000	-1,483,000	-2,399,000	-1,807,000	-1,014,000	-2,366,000	-1,373,000	-1,415,000	-1,430,000	-1,740,000	-2,354,000	-1,399,000	-1,520,000	-2,211,000	-1,603,000	-1,651,000	-2,338,000	-1,555,000	-1,568,000	-667,000	-1,874,000	-665,000	-1,720,000	-1,013,000	-648,000	-1,626,000	-899,000	-1,202,000	-1,329,000	-1,091,000	-3,404,000	-4,635,000	-1,531,000					-892,000	-2,367,527	-1,473	-1,313,000	-1,189,000	-1,002,000	-1,104,000	-832,000	-764,000	-843,000	-647,000	-851,000	-731,000	-805,000	-873,000	-1,002,000
payments for other investing activities	458,000	-6,165,000	-1,513,000	802,000	166,000	-2,940,000	18,000	-163,000
proceeds from other investing activities	1,541,000	2,000,000	1,039,000	2,800,000	674,000	1,883,000	3,086,000	-395,000
net cash from investing activities	-36,078,000	-9,834,000	-175,697,000	-19,713,000	-21,340,000	-26,299,000	-322,422,000	-52,102,000	-33,164,000	-1,873,000	-67,446,000	-23,276,000	-4,755,000	-3,340,000	-20,811,000	-5,937,000	1,292,000	2,717,000	-6,484,000								-3,208,000	-8,114,000	-14,619,000	-14,082,000	-28,493,000	-34,004,000	-15,917,000	-39,131,000	-6,011,000	-65,349,000	-74,977,000	100,836,000	-38,373,000	-65,969,000	-67,911,000	-49,574,000	14,192,000	-89,651,000	-67,002,000	-48,207,000	-16,746,000	-86,858,000	-52,949,000	-17,673,000	-55,848,000	-23,002,000	-38,087,000	-30,972,000	-38,491,000	-140,467,000	-157,948,000	-24,170,000
financing activities
cash dividends paid	-33,139,000	-33,136,000	-32,232,000	-30,100,000	-30,099,000	-29,572,000	-27,467,000	-25,839,000	-25,836,000	-24,623,000	-23,017,000	-20,939,000	-20,940,000	-19,315,000	-19,038,000	-18,510,000	-17,951,000	-16,924,000	0	0	-33,529,000	-33,034,000	-33,033,000	-33,263,000	-33,458,000	-32,910,000	-32,903,000	-32,893,000	-33,059,000	-32,389,000	-32,385,000	-32,531,000	-33,044,000	-32,206,000	-31,209,000	-31,204,000	-31,228,000	-47,447,000	-27,308,000	-27,307,000	-27,305,000	-22,957,000	-23,003,000	-22,997,000	-22,989,000	-21,459,000	-25,005,000	-21,230,000	-21,245,000	-19,731,000	-19,701,000	-19,613,000	-19,433,000	-18,156,000	-17,338,000	-17,183,000	-16,263,000	-15,746,000					-15,480,000	-27,033,560	-13,440	-13,439,000	-13,421,000	-13,393,000	-12,689,000	-12,679,000	-12,677,000	-12,662,000	-11,960,000	-11,952,000	-11,947,000	-11,933,000	-10,962,000	-9,908,000
distributions to noncontrolling interests in operating partnership	-1,364,000	-1,375,000	-1,282,000	-1,208,000	-1,381,000	-1,224,000	-1,232,000	-1,161,000	-1,166,000	-1,042,000	-1,049,000	-952,000	-952,000	-869,000	-875,000	-851,000	-851,000	-851,000	0	0	-1,755,000	-1,744,000	-1,761,000	-1,761,000	-1,761,000	-1,735,000	-1,748,000	-1,748,000	-1,748,000	-1,711,000	-1,722,000	-1,722,000	-1,722,000	-1,634,000	-1,642,000	-1,642,000	-1,643,000	-2,501,000	-1,447,000	-1,448,000	-1,447,000	-1,219,000	-1,224,000	-1,224,000	-1,230,000	-1,158,000	-1,158,000	-1,068,000	-1,068,000	-1,000,000	-1,031,000	-1,118,000	-1,294,000	-1,488,000	-2,298,000
proceeds from revolving credit facility	65,000,000	45,000,000	160,000,000	43,000,000	102,000,000	117,000,000													0	7,600,000	0	634,030,000	7,470,000	67,900,000	72,300,000	135,200,000	100,000,000	96,300,000	146,400,000	149,200,000	175,655,000	217,612,000	197,399,000	128,855,000	112,200,000
repayments of revolving credit facility	-97,000,000	-92,000,000	-21,000,000	-78,000,000	-113,000,000	-84,000,000													0	-407,430,000	-200,000,000	-34,200,000	-11,570,000	-82,300,000	-68,800,000	-265,300,000	-158,000,000	-116,900,000	-150,300,000	-129,700,000	-115,755,000	-170,539,000	-168,627,000	-117,500,000	-247,200,000
proceeds from notes, mortgages and loans	0														0																0	299,006,000			99,150,000
repayments of notes, mortgages and loans	-378,000	-372,000	-366,000	-1,294,000	-1,272,000	-1,247,000	-1,144,000	-1,286,000	-1,183,000	-1,160,000	-1,140,000	-1,120,000	-1,100,000	-1,080,000	-14,239,000	-350,950,000	-175,937,000	-25,924,000	-910,000	-898,000	-885,000	-873,000	-860,000	-848,000	-836,000	-825,000	-812,000	-802,000	-790,000	-9,379,000	-71,018,000	-300,757,000	-747,000	-736,000	-726,000
issuance of common shares, including transaction costs
employee income taxes paid related to shares withheld upon vesting of equity awards	0	0	-7,261,000	-141,000	0	-10,524,000	-327,000	-120,000	-1,194,000	-5,649,000	-183,000	-538,000	-1,057,000	-2,146,000	-360,000	-150,000	0	-1,637,000	0	0	0	-736,000	-743,000	0	0	-1,781,000	0	0	0	-2,068,000	0	-1,000	0	-2,435,000	-13,000	-243,000	0	-1,921,000	-11,000	-31,000	0	-1,084,000
additions to deferred financing costs	0			0						-17,000	-3,263,000			-227,000	-51,000	-8,580,000	-47,000	-76,000	-50,000	-44,000	-1,732,000	-65,000	-50,000	0	0	-65,000	-1,813,000	0	-9,000	-2,606,000	50,000	-2,850,000	0	-50,000	-1,253,000	-2,360,000	-1,801,000	-82,000	-2,071,000	-37,000	-530,000	-191,000	-3,135,000	-757,000	22,000	-43,000	-3,964,000	20,000	-1,000	-56,000	-64,000	0	-44,000	-2,483,000	-3,142,000	-140,000	-100,000	-49,000								-15,000	-70,000	-1,510,000	-571,000					-2,000	-4,061,000	-17,000	-77,000	-2,339,000
proceeds from exercise of options	315,000	5,000	38,000	633,000	95,000	438,000	583,000	610,000	28,000	15,000	45,000	28,000	5,000	10,000	78,000	99,000															0	0	0	54,000	56,000	652,000	918,000	123,000	340,000	64,000	151,000	233,000	8,000	267,000	367,000	261,000	303,000	-5,000	220,000	117,000	109,000	131,000	195,000	46,000	281,000	29,000				26,000	673,000	121,000	855,000	770,741	259	60,000	870,000	1,496,000	222,000	213,000	235,000	849,000	788,000
payment for other financing activities	-287,000	-292,000	-282,000	-287,000	-287,000	-287,000	-207,000	-351,000	-303,000	-287,000	-288,000	-286,000	-287,000	-287,000	-287,000	-287,000	-287,000	-287,000	-288,000	-287,000	-286,000	-549,000	-287,000	-298,000	-305,000	-500,000	-326,000	-286,000	-379,000	-362,000	-551,000
contributions from noncontrolling interests in other consolidated partnerships				0	0	80,000																														0
net cash from financing activities	2,033,000	-72,714,000	97,615,000	-43,327,000	-50,820,000	-9,336,000	69,046,000	-25,676,000	-29,637,000	-33,011,000	7,661,000	-23,806,000	-24,104,000	-23,914,000	-34,772,000	-10,846,000	-155,717,000	82,956,000	-1,248,000				-40,834,000	-60,559,000	-42,842,000	-167,898,000	-70,421,000	-56,329,000	-49,885,000	-38,568,000	-45,725,000	-36,379,000	-37,102,000	-22,473,000	-69,003,000	-8,594,000	32,269,000	-158,139,000	-6,146,000	-4,190,000	23,838,000	-6,648,000	-48,080,000	23,143,000	21,610,000	7,384,000	-27,630,000	30,235,000	15,585,000	-25,262,000		-25,696,000	-1,057,000	-8,732,000	11,507,000	80,782,000	146,825,000	-11,896,000
effect of foreign currency rate changes on cash and cash equivalents	236,000	126,000	-191,000	-140,000	303,000	-87,000	200,000	41,000	-363,000	7,000	-18,000	-66,000	-19,000	-8,000	-46,000	-58,000	-13,000	-60,000	-15,000	-5,000	-179,000	-24,000	13,000	-16,000	-6,000	-10,000	-50,000	-7,000	-25,000	-28,000	-2,000	-63,000	7,000	2,000	-216,000	-7,000	-52,000	591,000	-311,000	-457,000	50,000	-381,000	-326,000	-305,000	119,000	-14,000
net increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash beginning of period
cash, cash equivalents and restricted cash end of period
net decrease in cash and cash equivalents		-415,000	-36,836,000			-4,641,000				-9,303,000														-2,715,000	5,763,000	-7,467,000		143,000	834,000	-2,674,000				-4,997,000				-2,681,000																				-5,027,000
cash and cash equivalents, beginning of period		0	46,992,000	0	0	12,778,000		0	0	212,124,000		0	0	161,255,000		0	0	84,832,000		0	0	16,672,000		0	0	9,083,000		0	0	6,101,000		0	0	12,222,000		0	0	21,558,000		0	0	16,875,000		0	0	15,241,000		0	0	10,335,000		0	0	7,894,000		0	0	5,758,000		0	3,267,000		0	4,972,023	4,977		0	0	2,412,000		0	0	8,453,000		0	0	2,930,000
cash and cash equivalents, end of period		-415,000	10,156,000	1,993,000	923,000	8,137,000		-24,543,000	10,181,000	202,821,000		-13,482,000	41,343,000	152,847,000		35,504,000	-94,109,000	201,721,000		-318,813,000	-261,848,000	600,454,000		-2,715,000	5,763,000	1,616,000		143,000	834,000	3,427,000		411,000	1,137,000	7,225,000		-1,205,000	8,230,000	18,877,000		3,712,000	2,288,000	14,661,000		-2,416,000	-3,666,000	16,906,000		5,032,000	2,759,000	2,691,000		-2,344,000	1,068,000	10,787,000		-14,744,000	17,707,000	731,000		256,000	3,197,000		-749,000	5,146,899	3,101		2,665,000	-1,214,000	2,302,000		1,211,000	-2,050,000	3,273,000		18,412,000	-368,000	2,153,000
additions to investments in unconsolidated joint ventures							32,000	21,000							0	0	0	-7,000,000	-5,000,000	0	-5,340,000	-261,000	-242,000	-379,000	-916,000	-779,000	-152,000	-267,000	-983,000	-514,000	-1,859,000	-416,000	-2,246,000	-1,371,000	-5,117,000	-8,488,000	-7,202,000	-12,161,000		-4,579,000					-36,019,000	-33,679,000			-31,213,000	-9,751,000	-45,231,000	-10,917,000	-25,522,000	-21,371,000	-19,890,000											0	-50,000							0	0	0	-2,020,000	-6,140,000
additions to short-term investments							0
distributions to noncontrolling interests in other consolidated partnerships							0	0	0	-248,000																									-286,000	0	-80,000	-19,000	-40,000	-26,000	-61,000	-29,000	-39,000	-44,000	-18,000	-26,000	-35,000	-29,000
net increase in cash and cash equivalents								-24,543,000				-13,482,000	41,343,000	-8,408,000		35,504,000	-94,109,000	116,889,000		-318,813,000	-261,848,000	583,782,000									-2,672,000	411,000			-13,680,000	-1,205,000			897,000	3,712,000	2,288,000	-2,214,000	6,051,000			1,665,000	4,759,000	5,032,000	2,759,000	-7,644,000	824,000	-2,344,000	1,068,000	2,893,000									-749,000			1,224,000				-22,000				-11,744,000			-777,000	-3,289,000
impairment charges
gain on sale of assets																			0				0	0	0	-43,422,000						0
loss on early extinguishment of debt															0	33,821,000															0
other non-cash											0	0			0	0	0	3,638,000					0	0
changes in other asset and liabilities:
proceeds on sale of non-real estate assets
payment of make-whole premium related to early extinguishment of debt															0	-31,918,000															0
proceeds from issuance of common shares																																																							-164,000							0
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
amortization of debt (premiums) and discounts								243,000	150,000	144,000	137,000	131,000	124,000	117,000	109,000	123,000	83,000	127,000	123,000	122,000	119,000	118,000	115,000	113,000	111,000	109,000	107,000	105,000	103,000	101,000	99,000	118,000	120,000	125,000	130,000	85,000	116,000	959,000	191,000	139,000	-88,000	14,000	-328,000	-92,000	-92,000	-89,000	-119,000	-254,000	-254,000	-259,000	-254,000	-254,000	-251,000	-248,000	-261,000
net proceeds on sale of non-real estate assets												0
other investing activities										3,071,000		-2,599,000	42,000	1,686,000	-1,569,000	4,907,000	1,299,000	5,396,000	293,000	3,330,000	2,165,000	2,844,000	1,257,000	3,729,000	1,540,000	2,936,000	882,000	4,033,000	1,063,000	2,969,000	811,000	2,372,000	-242,000	2,833,000
net proceeds from sale of assets															0	0	0	8,129,000						257,000	0	128,248,000
proceeds from common share offering															0	6,093,000	52,221,000	128,655,000
proceeds from other financing activities																			0	0	0	72,000	0	11,000	18,000	18,000	181,000	0	0	445,000	0
repurchase of common shares, including transaction costs																							0	-10,000,000			0	0	-10,000,000	-9,998,000	1,000	-10,008,000
net loss
equity in losses of unconsolidated joint ventures																-2,261,000				42,000																													-503,000	-590,000	421,000	555,000	867,000	1,452,000	742,000	27,000	764,000	32,000		51,000	68,000
net proceeds on sale of assets
straight-line rent adjustments including write offs due to tenant bankruptcies and uncollectible accounts
uncollectible rental revenue allowance
net cash from (used) in investing activities																					-10,444,000	-6,377,000		-8,388,000	-10,942,000	127,273,000
net cash from (used) in financing activities																					-238,187,000	562,901,000
gain on previously held interest in acquired joint ventures
acquisitions of interest in unconsolidated joint ventures, net of cash acquired
repayment of deferred financing obligation																																			0	0	0	-28,388,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
equity in (earnings) losses of unconsolidated joint ventures
gain on sale of assets and interests in unconsolidated entities																																			0	-1,418,000	0	-4,887,000	-86,506,000	-20,215,000	0	-13,726,000
net amortization of market rent rate adjustments																																										916,000	959,000	723,000	858,000	669,000	752,000	235,000
net proceeds on sale of assets and interests in unconsolidated entities																																			0	2,921,000	0	25,785,000	105,788,000
change in restricted cash																																			2,936,000	-2,936,000	0	121,306,000	-78,402,000
gain on previously held interest in acquired joint venture																																															0
acquisitions of interests in unconsolidated joint ventures, net of cash acquired
other financing activities																																	8,539,000	3,179,000
share-based compensation expense																																		3,292,000	3,504,000	4,160,000	3,654,000	4,001,000	3,152,000	3,994,000	3,953,000	3,613,000	3,817,000	3,813,000	3,754,000	3,366,000	3,013,000	2,964,000	2,939,000	2,460,000	2,445,000	2,434,000	2,406,000	3,391,000	1,833,000	1,840,000	1,820,000	1,798,000
abandoned pre-development costs																																											769,000	0	0	1,596,000
casualty gain																																											-157,000
payment of discount on extinguishment of debt
proceeds from insurance reimbursements																																			262,000	455,000	194,000	72,000	396,000	66,000	84,000	103,000	180,000	1,234,000
acquisition of noncontrolling interest in other consolidated partnership																																			0	0
gain on previously held interests in acquired joint ventures
acquisition of interest in unconsolidated joint venture, net of cash acquired																																															0
proceeds from debt issuances																																					270,373,000	327,342,000	158,176,000	167,406,000	183,916,000	118,341,000	521,308,000	138,700,000	138,500,000	133,100,000	285,800,000	199,800,000	219,957,000	80,246,000	94,323,000	58,745,000	90,951,000	341,781,000	390,992,000	178,500,000	238,900,000	67,950,000					39,950,000				87,050,000				68,500,000				172,625,000
repayments of debt																																					-204,305,000	-405,246,000	-133,785,000	-142,811,000	-131,145,000	-99,742,000	-526,309,000	-91,001,000	-95,089,000	-103,291,000	-283,571,000	-147,253,000	-182,240,000	-84,313,000	-53,566,000	-63,841,000	-71,432,000	-328,432,000	-356,824,000	-195,536,000	-73,330,000	-61,700,000					-174,200,000	-82,406,400	-43,600	-60,475,000	-65,850,000	-384,583,000	-158,795,000	-49,999,000	-54,032,000	-12,066,000	-5,814,000	-917,000	-142,592,000	-53,705,000	-64,728,000	-189,344,000
additions to investments in and notes receivable from unconsolidated joint ventures																																										-16,419,000	-27,792,000				-10,481,000
acquisition of noncontrolling interests in other consolidated partnerships																																															0	0	0	-525,000
contributions from noncontrolling interests																																							0	0
net proceeds on sale of interests in unconsolidated entities																																									0	15,495,000
operating activities:
gain on sale of real estate
investing activities:
net proceeds on sale of real estate
financing activities:
proceeds from tax increment financing																																											-166,000	199,000
acquisition of rental property																																																							-3,723,000	-128,488,000
net proceeds from sales of real estate
effect of foreign currency rate changes on cash and equivalents
net accretion of market rent rate adjustments																																																		-27,000	141,000	-59,000	-196,000	-234,000	-176,000
loss on termination of derivatives
loss on early extinguishment of exchangeable debt
gain on sale of outparcels of land
additions of rental property
termination payments related to derivatives
payments to redeem preferred shares
net cash provided (used in) by financing activities
increases in escrow deposits																																																								11,589,000	-4,739,000	-8,350,000
net proceeds from sale of real estate																																																													602,000															13,855,000	7,236,000
gain on fair value measurement of previously interest held in acquired joint venture
straight-line base rent adjustments
additions of rental properties
acquisition of remaining interests in unconsolidated joint venture, net of cash acquired																																																															0	-31,054,914	-31,086
net proceeds from the sale of real estate																																																								-1,000	0	724,000
amortization of debt (premiums) and discount																																																									21,000	24,000
net accretion of market rent rate adjustment																																																									-202,000	-155,000
straight-line base rent adjustment																																																									-1,239,000	-794,000
distributions to noncontrolling interest in operating partnership																																																									-2,425,000	-2,351,000					-2,323,000	-4,620,698	-2,302
loss on termination of interest rate swap agreements
(gain) loss on early extinguishment of debt
gain on fair value measurement of previous interest held in acquired joint venture
compensation expense related share-based compensation
increase due to changes in:
termination payments related to interest rate swap agreements
proceeds from tax incremental financing																																																															1,000				2,809,000
compensation expense related to restricted shares and options granted																																																													1,227,000
amortization of debt premiums and discount
proceeds from borrowings and issuance of debt																																																													103,100,000				70,500
loss on settlement of u.s. treasury rate locks
gain on early extinguishment of exchangeable debt
amortization of debt premiums and discounts
return of equity from unconsolidated joint ventures																																																																						0
adjustments to reconcile net income to net cash
proceeds from sale of land outparcel
distributions to operating partnership minority interest																																																																		-2,306,000	-2,305,000			-2,184,000	-2,187,000			-2,063,000	-2,063,000	-2,063,000	-1,956,000	-1,957,000
net proceeds from sale of preferred shares
proceeds from tax incentive financing																																																																					1,449,000	1,315,000	3,887,000	75,000	1,851,000
distributions to minority interest in operating partnership																																																																					-2,183,000				-2,063,000
net proceeds from debt issuances																																																																					180,820,000				4,850,000				51,050,000
distributions received from unconsolidated joint ventures
consolidated joint venture minority interest
operating partnership minority interest
(gain) loss on sale of real estate
increases (decreases) due to changes in:
acquisition of interest in coroc joint venture
distributions to consolidated joint venture minority interest																																																																														-4,936,000
net proceeds from sale of common shares
contributions from minority interest partner in consolidated joint venture
proceeds from settlement of us treasury rate lock
proceeds from sale of preferred shares																																																																												-54,000	19,499,000
proceeds from exercise of share and unit options																																																																										436,000	331,000	1,142,000	473,000	225,000
increase in short-term investments
net proceeds from sale of real estate and outparcels
proceeds from issuance of preferred shares
contributions from consolidated joint venture partner
acquisition of rental properties
increase in escrow from rental property sale
other
payments for redemption of preferred shares
depreciation and amortization, including discontinued operations
operating partnership minority interest, including discontinued operations
compensation expense related to restricted shares and share options granted
amortization of debt premium
loss on sale of real estate
net accretion of market rate rent adjustment
increase (decrease) due to changes in:
net proceeds from issuance of common shares
proceeds from issuance of debt

Tanger Factory Outlet Centers, Inc(NYSE:SKT)

Tanger Factory Outlet Centers, Inc
(NYSE:SKT)