October 20, 2005 - EXHIBIT 99.2 SUPPLEMENTAL - 8-K: Current report filing

Tanger Factory Outlet Centers, Inc.

Supplemental Operating and Financial Data

September 30, 2005

Notice

For a more detailed discussion of the factors that affect our operating results, interested parties should review the Tanger Factory Outlet Centers, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2004.

This Supplemental Operating and Financial Data is not an offer to sell or a solicitation to buy any securities of the Company. Any offers to sell or solicitations to buy any securities of the Company shall be made only by means of a prospectus.

Table of Contents

Section

Portfolio Data:

Geographic Diversificaton...................................................................................................................................................................4

Property Summary.................................................................................................................................................................................5

Portfolio Occupancy at the end of Each Period.......................................................................................................................................6

Major Tenants..........................................................................................................................................................................................7

Lease Expirations as of September 30, 2005............................................................................................................................................8

Leasing Activity....................................................................................................................................................................................9

Financial Data:

Consolidated Balance Sheets............................................................................................................................................................10

Consolidated Statements of Operations..........................................................................................................................................11

FFO and FAD Analysis.....................................................................................................................................................................12

Per Weighted Average Gross Leasable Area (GLA) Analysis....................................................................................................13

Unconsolidated Joint Venture Information.....................................................................................................................................14

Debt Outstanding Summary..............................................................................................................................................................15

HYFuture Scheduled Principal Payments........................................................................................................................................16

Investor Information......................................................................................................................................................................................17

Geographic Diversification

As of September 30, 2005
State	# of Centers	GLA	% of GLA
South Carolina (1) (2)	3	1,222,503	14%
Georgia	3	808,810	9%
New York	1	729,497	9%
Texas	2	620,000	7%
Alabama (2)	2	615,332	7%
Delaware (2)	1	568,873	7%
Tennessee	2	513,732	6%
Michigan	2	436,751	5%
Utah (2)	1	300,602	4%
Connecticut (2)	1	291,051	3%
Missouri	1	277,883	3%
Iowa	1	277,230	3%
Oregon (2)	1	270,280	3%
Illinois (2)	1	256,514	3%
Pennsylvania	1	255,152	3%
Louisiana	1	243,499	3%
New Hampshire (2)	1	227,998	3%
Florida	1	198,924	2%
North Carolina (3)	2	187,510	2%
Minnesota	1	134,480	2%
California	1	108,950	1%
Maine	2	84,313	1%
Total	32	8,629,884	100%

(1)	Includes one center in Myrtle Beach, SC of which Tanger owns a 50% interest through a joint venture arrangement.

(2)	Includes nine centers from the Charter Oak portfolio acquired on December 19, 2003 of which Tanger owns a one-third interest through a joint venture arrangement.

(3)	Excludes one center in Burlington, NC for which we only have management responsibilities.

Property Summary - Occupancy at End of Each Period Shown

Location	Total GLA 9/30/05	% Occupied 9/30/05	% Occupied 6/30/05	% Occupied 3/31/05	% Occupied 12/31/04	% Occupied 09/30/04
Riverhead, NY	729,497	100%	99%	99%	99%	99%
Rehoboth, DE (2)	568,873	99%	100%	99%	99%	99%
Foley, AL (2)	535,757	98%	99%	95%	99%	99%
San Marcos, TX	442,510	99%	99%	98%	100%	97%
Myrtle Beach, SC (2)	427,417	90%	93%	92%	92%	96%
Sevierville, TN	419,038	100%	100%	99%	100%	100%
Myrtle Beach, SC (1)	401,992	99%	100%	97%	99%	100%
Hilton Head, SC (2)	393,094	87%	90%	89%	92%	91%
Commerce II, GA	340,656	99%	99%	96%	99%	98%
Howell, MI	324,631	98%	96%	96%	100%	100%
Park City, UT (2)	300,602	99%	99%	98%	97%	97%
Westbrook, CT (2)	291,051	92%	92%	92%	93%	93%
Locust Grove, GA	282,404	99%	98%	97%	100%	98%
Branson, MO	277,883	100%	100%	100%	100%	100%
Williamsburg, IA	277,230	99%	96%	96%	100%	97%
Lincoln City, OR (2)	270,280	94%	92%	91%	96%	95%
Tuscola, IL (2)	256,514	76%	76%	75%	78%	76%
Lancaster, PA	255,152	100%	99%	99%	100%	99%
Gonzales, LA	243,499	98%	100%	100%	100%	97%
Tilton, NH (2)	227,998	96%	96%	91%	99%	98%
Fort Myers, FL	198,924	91%	91%	92%	91%	87%
Commerce I, GA	185,750	90%	86%	76%	82%	68%
Terrell, TX	177,490	99%	99%	100%	100%	97%
North Branch, MN	134,480	100%	100%	98%	100%	100%
West Branch, MI	112,120	100%	97%	98%	98%	100%
Barstow, CA	108,950	93%	98%	100%	100%	100%
Blowing Rock, NC	105,332	100%	100%	100%	100%	100%
Pigeon Forge, TN	94,694	95%	96%	93%	96%	96%
Nags Head, NC	82,178	98%	100%	100%	100%	100%
Boaz, AL	79,575	95%	95%	95%	95%	95%
Kittery I, ME	59,694	100%	100%	100%	100%	100%
Kittery II, ME	24,619	100%	100%	100%	100%	100%
Seymour, IN	n/a	n/a	n/a	n/a	89%	85%
Total (3)	8,629,884	97%	97%	95%	97%	96%

(1)	Includes one center in Myrtle Beach, SC of which Tanger owns a 50% interest through a joint venture arrangement.

(2)	Includes nine centers from the Charter Oak portfolio acquired on December 19, 2003 of which Tanger owns a one-third interest through a joint venture arrangement.

(3)	Excludes one center in Burlington, NC for which we only have management responsibilities.

Portfolio Occupancy at the End of Each Period (1)

09/05 06/06 03/05 12/04 09/04 06/04 03/04 12/03 09/03

97% 97% 95% 97% 96% 95% 94% 96% 95%

(1)

Includes one center in Myrtle Beach, SC of which Tanger owns a 50% interest through a joint venture arrangement and the nine centers in the Charter Oak portfolio of which Tanger owns a one-third interest through a joint venture arrangement. Excludes one center in Burlington, NC for which we only have management responsibilities.

Major Tenants (1)

Ten Largest Tenants As of September 30, 2005 (1)
Tenant	# of Stores	GLA	% of Total GLA
The Gap, Inc.	60	600,112	7.0%
Phillips-Van Heusen	96	459,437	5.3%
Liz Claiborne	50	359,849	4.2%
VF Factory Outlet	38	308,796	3.6%
Carter’s	51	243,777	2.8%
Reebok International	31	240,502	2.8%
Dress Barn, Inc.	31	225,650	2.6%
Retail Brand Alliance, Inc.	35	209,985	2.4%
Polo Ralph Lauren	24	197,569	2.3%
Brown Group Retail, Inc.	48	196,978	2.3%
Total of All Listed Above	464	3,042,655	35.3%

(1)

Lease Expirations as of September 30, 2005

Percentage of Total Gross Leasable Area (1)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015+
3% 17% 19% 16% 16% 14% 8% 3% 1% 1% 2%

Percentage of Total Annualized Base Rent (1)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015+

3% 17% 19% 17% 15% 16% 7% 2% 1% 1% 2%

Leasing Activity (1)

	03/31/05	06/30/05	09/30/05	12/31/05	Year to Date	Prior Year to Date
Re-tenanted Space:
Number of leases	42	32	23		97	99
Gross leasable area	204,830	117,356	73,042		395,228	396,189
New base rent per square foot	$17.25	$16.41	$21.52		$17.79	$17.27
Prior base rent per square foot	$16.60	$15.72	$18.00		$16.60	$16.57
Percent increase in rent per square foot	3.9%	4.4%	19.5%		7.2%	4.2%

Renewed Space:
Number of leases	169	74	48		291	328
Gross leasable area	739,494	334,357	228,647		1,302,498	1,452,268
New base rent per square foot	$17.35	$16.20	$14.98		$16.64	$14.61
Prior base rent per square foot	$15.97	$15.25	$14.82		$15.58	$13.78
Percent increase in rent per square foot	8.6%	6.2%	1.1%		6.8%	6.0%

Total Re-tenanted and Renewed Space:
Number of leases	211	106	71		388	427
Gross leasable area	944,324	451,713	301,689		1,697,726	1,848,457
New base rent per square foot	$17.33	$16.25	$16.56		$16.90	$15.18
Prior base rent per square foot	$16.10	$15.37	$15.59		$15.82	$14.38
Percent increase in rent per square foot	7.6%	5.7%	6.2%		6.9%	5.6%

	03/31/05	06/30/05	09/30/05	12/31/05	Year to Date	Prior Year to Date
Stores Opening:
Number of stores	13	32	30		75	94
Gross leasable area	50,994	105,009	133,745		289,748	323,471
Base rent per square foot	$15.05	$18.24	$17.98		$17.56	$17.37

Stores Closing:
Number of stores	32	13	27		72	96
Gross leasable area	103,163	57,780	80,182		241,125	336,250
Base rent per square foot	$18.02	$13.35	$18.88		$17.18	$16.27

Percent increase in rent per square foot	(16.5%)	36.7%	(4.8%)		2.2%	6.7%

(1)

Consolidated Balance Sheets (dollars in thousands)

		9/30/05			6/30/05			3/31/05			12/31/04			09/30/04
Assets
Rental property
Land	$	113,284		$	113,284		$	113,355		$	113,830		$	113,869
Buildings		960,105			956,440			954,758			963,563			956,109
Construction in progress		8,797			6,044			1,173			--			--
Total rental property		1,082,186			1,075,768			1,069,286			1,077,393			1,069,978
Accumulated depreciation		(247,179	)		(237,688	)		(228,252	)		(224,622	)		(215,172	)
Total rental property - net		835,007			838,080			841,034			852,771			854,806
Cash		6,219			3,543			6,531			4,103			27,135
Short-term investments		20,000			--			--			--			--
Deferred charges - net		52,873			54,818			55,611			58,851			60,958
Other assets		26,895			21,785			21,536			20,653			19,595
Total assets	$	940,994		$	918,226		$	924,712		$	936,378		$	962,494

Liabilities, minority interests & shareholders’ equity
Liabilities
Debt
Senior, unsecured notes	$	100,000		$	100,000		$	100,000		$	100,000		$	147,509
Mortgages payable		281,069			290,197			305,983			308,342			310,483
Unsecured note		53,500			53,500			53,500			53,500			53,500
Lines of credit		--			45,330			33,455			26,165			--
Total debt		434,569			489,027			492,938			488,007			511,492
Construction trade payables		8,294			9,231			9,781			11,918			10,361
Accounts payable & accruals		14,849			16,984			25,753			17,026			17,488
Total liabilities		457,712			515,242			528,472			516,951			539,341
Minority interests
Consolidated joint venture		227,234			225,103			223,895			222,673			221,400
Operating partnership		42,220			31,963			31,045			35,621			36,533
Total minority interests		269,454			257,066			254,940			258,294			257,933
Shareholders’ equity
Common shares		307			277			276			274			274
Paid in capital		349,287			278,811			277,857			274,340			274,286
Distributions in excess of net income		(130,955	)		(126,436	)		(129,917	)		(109,506	)		(105,116	)
Deferred compensation		(5,930	)		(6,372	)		(6,844	)		(3,975	)		(4,224	)
Accum. other compreh. income (loss)		1,119			(362	)		(72	)		--			--
Total shareholders’ equity		213,828			145,918			141,300			161,133			165,220
Total liabilities, minority interests & shareholders’ equity	$	940,994		$	918,226		$	924,712		$	936,378		$	962,494

Consolidated Statements of Operations (dollars and shares in thousands)

	Three Months Ended															YTD
		09/05			06/05			03/05			12/04			09/04			09/05			09/04
Revenues
Base rentals	$	33,981		$	33,528		$	31,861		$	33,504		$	32,879		$	99,370		$	96,380
Percentage rentals		1,815			1,267			886			2,380			1,289			3,968			2,958
Expense reimbursements		14,248			12,620			14,297			14,629			13,060			41,165			37,956
Other income		1,595			1,205			947			1,692			1,816			3,747			5,054
Total revenues		51,639			48,620			47,991			52,205			49,044			148,250			142,348
Expenses
Property operating		16,060			14,611			16,240			16,664			14,953			46,911			43,095
General & administrative		3,578			3,711			3,044			3,063			3,346			10,333			9,757
Depreciation & amortization		12,108			11,420			12,930			12,292			14,042			36,458			39,154
Total expenses		31,746			29,742			32,214			32,019			32,341			93,702			92,006
Operating income		19,893			18,878			15,777			20,186			16,703			54,548			50,342
Interest expense		7,932			8,167			8,228			8,433			8,919			24,327			26,684
Income before equity in earnings of unconsolidated joint ventures, minority interests, discontinued operations and loss on sale of real estate		11,961			10,711			7,549			11,753			7,784			30,221			23,658
Equity in earnings of unconsolidated joint ventures		255			268			191			243			359			714			799
Minority interests:
Consolidated joint venture		(6,860	)		(6,727	)		(6,624	)		(6,734	)		(7,198	)		(20,211	)		(20,410	)
Operating partnership		(943	)		(772	)		(202	)		(958	)		(175	)		(1,917	)		(743	)
Income from continuing operations		4,413			3,480			914			4,304			770			8,807			3,304
Discontinued operations (1)		--			--			--			--			(2,785	)		--			(562	)
Income before loss on sale of real estate		4,413			3,480			914			4,304			(2,015	)		8,807			2,742
Loss on sale of real estate		--			--			(3,843	)		--			--			(3,843	)		--
Net income (loss)	$	4,413		$	3,480		$	(2,929	)	$	4,304		$	(2,015	)	$	4,964		$	2,742

Basic earnings per common share:
Income from continuing operations	$	.16		$	.13		$	(.11	)	$	.16		$	.03		$	.18		$	.12
Net income (loss)	$	.16		$	.13		$	(.11	)	$	.16		$	(.07	)	$	.18		$	.10

Diluted earnings per common share:
Income from continuing operations	$	.15		$	.13		$	(.11	)	$	.16		$	.03		$	.18		$	.12
Net income (loss)	$	.15		$	.13		$	(.11	)	$	.16		$	(.07	)	$	.18		$	.10

Weighted average common shares:
Basic		28,374			27,357			27,304			27,266			27,224			27,682			26,969
Diluted		28,680			27,576			27,516			27,520			27,366			27,934			27,183

(1)

In accordance with SFAS No. 144 “Accounting for the Impairment or Disposal of Long Lived Assets”, the results of operations for properties sold for which we have no significant continuing involvement, including any gain or loss on such sales, have been reported above as discontinued operations for both the current and prior periods presented.

FFO and FAD Analysis (dollars and shares in thousands)

	Three Months Ended															YTD
		09/05			06/05			03/05			12/04			09/04			09/05			09/04
Funds from operations:
Net income	$	4,413		$	3,480		$	(2,929	)	$	4,304		$	(2,015	)	$	4,964		$	2,742
Adjusted for -
Minority interest in operating partnership		943			772			202			958			175			1,917			743
Minority interest adjustment consolidated joint venture		(441	)		(277	)		169			(198	)		314			(549	)		18
Minority interest, depreciation and amortization in discontinued operations		--			--			--			--			(518	)		--			433
Depreciation and amortization uniquely significant to
real estate - wholly owned		12,041			11,358			12,876			12,239			13,986			36,275			38,985
Depreciation and amortization uniquely significant to
real estate - joint ventures		375			370			369			379			351			1,114			955
(Gain) loss on sale of real estate		--			--			3,843			--			3,544			3,843			(1,460	)
Funds from operations	$	17,331		$	15,703		$	14,530		$	17,682		$	15,837		$	47,564		$	45,336

Funds from operations per share	$	.50		$	.47		$	.43		$	.53		$	.47		$	1.40		$	1.36
Funds available for distribution:
Funds from operations	$	17,331		$	15,703		$	14,530		$	17,682		$	15,837		$	47,564		$	45,336
Adjusted For -
Corporate depreciation excluded above		66			62			55			53			56			183			169
Amortization of finance costs		323			341			355			350			383			1,019			1,115
Amortization of share compensation		426			468			242			237			236			1,136			1,239
Straight line rent adjustment		(706	)		(539	)		(112	)		(90	)		(81	)		(1,357	)		(299	)
Below market rent adjustment		76			(613	)		(46	)		(418	)		(277	)		(583	)		(647	)
Market rate interest adjustment		(652	)		(643	)		(629	)		(631	)		(634	)		(1,924	)		(1,879	)
2^nd generation tenant allowances		(1,290	)		(2,346	)		(4,462	)		(2,839	)		(1,413	)		(8,098	)		(4,529	)
Capital improvements		(1,841	)		(2,231	)		(952	)		(2,080	)		(1,583	)		(5,024	)		(4,965	)
Consolidated joint venture minority interest share of adjustments		441			277			(169	)		198			(314	)		549			(18	)
Funds available for distribution	$	14,174		$	10,479		$	8,812		$	12,462		$	12,209		$	33,465		$	35,522
Funds available for distribution per share	$	.41		$	.31		$	.26		$	.37		$	.37		$	.98		$	1.07
Dividends paid per share	$	.3225		$	.3225		$	.3125		$	.3125		$	.3125		$	.9575		$	.9325

FFO payout ratio		65	%		69	%		73	%		59	%		66	%		68	%		69	%
FAD payout ratio		79	%		104	%		120	%		84	%		84	%		98	%		87	%
Diluted weighted average common shs.		34,747			33,643			33,583			33,587			33,433			34,001			33,250

Per Weighted Average Gross Leasable Area (GLA) Analysis

	Three Months Ended															YTD
		09/05			06/05			03/05			12/04			09/04			09/05			09/04
GLA open at end of period - (000’s) Wholly owned		4,956			4,923			4,925			5,066			5,066			4,956			5,066
Partially owned consolidated (1)		3,271			3,271			3,271			3,271			3,271			3,271			3,271
Partially owned unconsolidated(2)		402			402			402			402			391			402			391
Managed properties		65			65			65			105			432			65			432
Total GLA open at end of period		8,694			8,661			8,663			8,844			9,160			8,694			9,160
Weighted average GLA (000’s) (3)		8,207			8,196			8,281			8,337			8,338			8,227			8,338
End of period occupancy (1) (2)		97	%		97	%		95	%		97	%		96	%		97	%		96	%

PER SQUARE FOOT
Revenues
Base rentals	$	4.14		$	4.09		$	3.85		$	4.02		$	3.95		$	12.08		$	11.56
Percentage rentals		.22			.15			.11			.29			.15			.48			.35
Expense reimbursements		1.73			1.54			1.73			1.75			1.56			5.00			4.55
Other income		.20			.15			.11			.20			.22			.46			.61
Total revenues		6.29			5.93			5.80			6.26			5.88			18.02			17.07
Expenses
Property operating		1.96			1.78			1.96			2.00			1.79			5.70			5.17
General & administrative		.44			.45			.37			.37			.40			1.26			1.17
Depreciation & amortization		1.48			1.39			1.56			1.47			1.69			4.43			4.70
Total expenses		3.88			3.62			3.89			3.84			3.88			11.39			11.04
Operating income		2.41			2.31			1.91			2.42			2.00			6.63			6.03
Interest expense		.97			1.00			.99			1.01			1.07			2.96			3.20
Income before equity in earnings of unconsolidated joint ventures, minority interest, discontinued operations and loss on sale of real estate	$	1.44		$	1.31		$	.92		$	1.41		$	.93		$	3.67		$	2.83

Total revenues less property operating and general & administrative expenses (“NOI”)	$	3.89		$	3.70		$	3.47		$	3.89		$	3.69		$	11.06		$	10.73

(1)	Includes the nine centers from the Charter Oak portfolio acquired on December 19, 2003 of which Tanger owns a one-third interest through a joint venture arrangement.

(2)	Includes one center in Myrtle Beach, SC of which Tanger owns a 50% interest through a joint venture arrangement.

(3)

Represents GLA of wholly owned and partially owned consolidated operating properties weighted by months of operation. GLA is not adjusted for fluctuations in occupancy that may occur subsequent to the original opening date. Excludes GLA of properties for which their results are included in discontinued operations.

Unconsolidated Joint Venture Information - All

Summary Balance Sheets (dollars in thousands)

	09/30/05		06/30/05		03/31/05		12/31/04		9/30/04		Tanger’s Share as of 09/30/05 (1)
Assets
Investment properties at cost - net	$	65,585	$	67,446	$	67,399	$	69,865	$	68,615	$	28,459
Cash and cash equivalents		4,171		4,253		4,319		2,449		2,184		1,817
Deferred charges - net		1,340		1,433		1,305		1,973		2,076		670
Other assets		6,073		4,245		3,869		2,826		3,168		2,357
Total assets	$	77,169	$	77,377	$	76,892	$	77,113	$	76,043	$	33,303

Liabilities & Owners’ Equity
Mortgage payable	$	61,066	$	61,024	$	60,254	$	59,708	$	59,233	$	26,322
Member loans payable		550		--		--		--		--		275
Construction trade payables		215		477		426		578		1,328		108
Accounts payable & other liabilities		1,239		1,956		828		702		730		529
Total liabilities		63,070		63,457		61,508		60,988		61,291		27,234
Owners’ equity		14,099		13,920		15,384		16,125		14,752		6,069
Total liabilities & owners’ equity	$	77,169	$	77,377	$	76,892	$	77,113	$	76,043	$	33,303

(1) Tanger’s portion of investment properties at cost - net, includes $8.7 million associated with a development property that generated net income considered incidental to its intended future operation as an outlet center. As such, the net income generated from this property is recorded as a reduction to the carrying value of the property and is therefore not included in the summary statement of operations below.

Summary Statements of Operations (dollars in thousands)

	Three Months Ended										YTD
	09/05		06/05		03/05		12/04		09/04		09/05		09/04
Revenues	$	2,735	$	2,933	$	2,511	$	2,557	$	2,682	$	8,179	$	7,264
Expenses
Property operating		888		1,067		974		900		918		2,929		2,639
General & administrative		4		15		--		10		8		19		21
Depreciation & amortization		777		769		767		765		723		2,313		1,977
Total expenses		1,669		1,851		1,741		1,675		1,649		5,261		4,637
Operating income		1,066		1,082		770		882		1,033		2,918		2,627
Interest expense		584		574		417		401		346		1,575		1,131
Net income	$	482	$	508	$	353	$	481	$	687	$	1,343	$	1,496
Tanger’s share of:
Total revenues less property operating and general & administrative expenses (“NOI”)	$	922	$	925	$	769	$	824	$	878	$	2,616	$	2,302
Net income	$	255	$	268	$	191	$	243	$	359	$	714	$	799
Depreciation (real estate related)	$	375	$	370	$	369	$	379	$	351	$	1,114	$	955

Debt Outstanding Summary (dollars in thousands)

As of September 30, 2005
	Principal Balance		Interest Rate			Maturity Date
Mortgage debt
Kittery I, ME (1) San Marcos I, TX (1) West Branch, MI (1) Williamsburg, IA (1)	$	59,263		7.875	%		04/01/09
San Marcos II, TX (1)		18,151		7.980	%		04/01/09
Blowing Rock, NC		9,244		8.860	%		09/01/10
Nags Head, NC		6,273		8.860	%		09/01/10
Consolidated JV Debt		180,875		6.590	%		07/10/08
Premium on Consolidated JV Debt (2)		7,263
Total mortgage debt		281,069

Corporate debt
Unsecured term loan		53,500		Libor + 1.45	%		03/26/06
Unsecured credit facilities		---		Libor + 1.40	%		06/30/07
2001 Senior unsecured notes		100,000		9.125	%		02/15/08
Total corporate debt		153,500
Total debt	$	434,569

(1)	Represents mortgages prepaid on October 3, 2005.

(2)	Represents a premium on mortgage debt with an imputed interest rate of 4.97% assumed in the Charter Oak acquisition joint venture, which is consolidated on Tanger’s balance sheet.

Future Scheduled Principal Payments (dollars in thousands)

As of September 30, 2005
Year	Scheduled Amortization Payments	Balloon Payments	Total Scheduled Payments
2005	930	77,414	78,344
2006	3,849	53,500	57,349
2007	4,121	--	4,121
2008	2,688	270,351	273,039
2009	394	--	394
2010	181	13,878	14,059
2011	--	--	--
2012	--	--	--
2013	--	--	--
2014
2015 & thereafter	--	--	--
	$12,163	$415,143	$427,306
Premium on Consolidated JV Debt (1)			7,263
			$434,569

(1)	Represents a premium on mortgage debt assumed in the Charter Oak acquisition joint venture, which is consolidated on Tanger’s balance sheet.

Investor Information

Tanger Outlet Centers welcomes any questions or comments from shareholders, analysts, investment managers, media and prospective investors. Please address all inquiries to our Investor Relations Department.

Tanger Factory Outlet Centers, Inc.

Investor Relations

Phone: (336) 292-3010 ext 6825

Fax: (336) 297-0931

e-mail: tangermail@tangeroutlet.com

Mail: Tanger Factory Outlet Centers, Inc.

3200 Northline Avenue

Suite 360

Greensboro, NC 27408

Form: 8-K

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