Tanger Factory Outlet Centers, Inc., along with its subsidiaries, is an owner and operator of factory outlet centers in the United States. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that focuses on developing, acquiring, owning, operating and managing factory outlet shopping centers. As of December 31, 2008, Tanger Factory Outlet Centers, Inc. owned 30 outlet centers, with a total gross leasable area (GLA) of approximately 8.8 million square feet. These factory outlet centers were 97% occupied and contained over 1,900 stores, representing approximately 370 store brands. The Company also operated and had partial ownership interests in three outlet centers totaling approximately 1.4 million square feet.

-The company today reported funds from operations available to common shareholders (“FFO”), a widely accepted measure of REIT performance, for the three months ended September 30, 2009 was $0.54 per share, or $24.0 million, as compared to FFO of $0.67 per share, or $25.4 million, for the three months ended September 30, 2008.

-The Company currently believes its net income available to common shareholders for fiscal 2009 to be between $1.39 and $1.45 per share and its funds from operations (FFO) available to common shareholders for fiscal 2009 to be between $2.62 and $2.68 per share. This represents an increase of approximately 7% from the Company’s previous FFO guidance.

-The company announced a dividend of $0.3825 per common share for the third quarter ended September 30, 2009. On November 13, 2009, a cash dividend of $0.3825 per share will be payable to holders of record on October 30, 2009. It also declared a dividend of $0.46875 per share on its 3,000,000 7.5% Class C Preferred Shares. A cash dividend of $0.46875 per Preferred Share will be payable on November 16, 2009 to holders of record on October 30, 2009.

-SKT added 0.76%, to $37.33 today. It has a market cap of 1.37 billion and has traded within a 52-week range of $24.62 and $41.78. SKT is currently above its 20-day moving average of $37.11 and above its 250-day moving average of $32.81. It has near-term technical support in the $33.79 price area. If the shares can continue the recent rebound, we see overheadresistance around the $38.73 price levels. Technical indicator for the stock is buy.  Here is the chart: