Earnings Per Unit of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])

9 Months Ended

Sep. 30, 2012

Tanger Properties Limited Partnership [Member]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth a reconciliation of the numerators and denominators in computing the Operating Partnership's earnings per unit (in thousands, except per unit data):

	Three months ended September 30,						Nine months ended September 30,
	2012			2011			2012			2011
Numerator
Net income attributable to partners of the Operating Partnership	$	16,163		$	14,194		$	37,487		$	35,853
Less allocation of earnings to participating securities	(209		)	(164		)	(576		)	(521		)
Net income available to common unitholders of the Operating Partnership	$	15,954		$	14,030		$	36,911		$	35,332
Denominator
Basic weighted average common units	24,432			24,248			24,414			23,512
Effect of notional units	220			158			216			158
Effect of senior exchangeable notes	—			29			—			29
Effect of outstanding options	23			18			20			18
Diluted weighted average common units	24,675			24,453			24,650			23,717
Basic earnings per common unit:
Net income	$	0.65		$	0.58		$	1.51		$	1.50
Diluted earnings per common unit:
Net income	$	0.65		$	0.57		$	1.50		$	1.49