TANGER FACTORY OUTLET CENTERS, INC. (NYSE - SKT)
2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2010 12/31/2011 12/31/2012 3/31/2013 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Rental property Land 143,933 141,577 148,002 148,002 148,002 Buildings, improvements and fixtures 1,352,568 1,411,404 1,764,494 1,796,042 1,802,160 Construction in progress 11,369 23,233 3,549 3,308 6,336 Total 1,507,870 1,576,214 1,916,045 1,947,352 1,956,498 Accumulated depreciation (412,530) (453,145) (512,485) (582,859) (600,713) Total rental property, net 1,095,340 1,123,069 1,403,560 1,364,493 1,355,785 Cash and cash equivalents 3,267 5,758 7,894 10,335 2,691 Rental property held for sale 0 723 NA NA NA Investments in unconsolidated joint ventures 9,054 6,386 28,481 126,632 133,982 Deferred charges, net 38,867 NA NA NA NA Other assets 32,333 NA NA NA NA Deferred lease costs and other intangibles, net NA 33,777 120,636 101,040 97,328 Deferred debt origination costs, net NA 7,593 8,861 9,083 8,534 Prepaids and other assets NA 39,628 52,383 60,842 63,353 Total assets 1,178,861 1,216,934 1,621,815 1,672,425 1,661,673 Liabilities Debt Senior, unsecured notes 256,352 554,616 547,763 548,033 548,103 Unsecured term loans 235,000 0 9,308 259,453 259,491 Mortgages payable 35,559 0 111,379 107,745 105,346 Unsecured lines of credit 57,700 160,000 357,092 178,306 174,917 Total debt 584,611 714,616 1,025,542 1,093,537 1,087,857 Construction trade payables 14,194 31,831 13,656 7,084 7,744 Accounts payable and accrued expenses 31,916 31,594 37,757 41,149 37,957 Other liabilities 27,077 16,998 16,428 16,780 16,676 Total liabilities 657,798 795,039 1,093,383 1,158,550 1,150,234 Equity Preferred shares 75,000 NA NA NA NA Common shares 806 810 867 941 944 Paid in capital 595,671 604,359 720,073 766,056 768,702 Accumulated distributions in excess of net income (202,997) (240,024) (261,913) (285,588) (289,880) Accumulated other comprehensive income (5,809) 1,784 1,535 1,200 1,179 Equity attributable to Tanger Factory Outlet Centers, Inc. 462,671 366,929 460,562 482,609 480,945 Equity attributable to noncontrolling interests Noncontrolling interests in Operating Partnership 58,392 54,966 61,027 24,432 24,184 Noncontrolling interests in other consolidated partnerships NA 0 6,843 6,834 6,310 Total equity 521,063 421,895 528,432 513,875 511,439 Total liabilities and equity 1,178,861 1,216,934 1,621,815 1,672,425 1,661,673
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