NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2002 First Quarter Second Quarter Third Quarter Fourth Quarter Previously As Previously As Previously As Previously As Reported Restated Reported Restated Reported Restated Reported Restated Total Revenues $ 26,487 $ 25,851 $ 26,803 $ 26,303 $ 27,856 $ 27,376 $ 31,881 $ 31,279 Income from continuing operations 1,162 1,075 1,489 1,393 2,068 2,010 3,946 3,901 Net income 1,445 1,445 2,094 2,094 2,308 2,308 5,160 5,160 Basic earnings per common share Income from continuing operations (1) .09 .09 .13 .12 .20 .20 .39 .38 Net income (1) .13 .13 .21 .21 .22 .22 .52 .52 Diluted earnings per common share Income from continuing operations (1) .09 .08 .13 .12 .19 .19 .38 .37 Net income(1) .12 .12 .20 .20 .22 .22 .51 .51 (1) Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis. TANGER FACTORY OUTLET CENTERS, INC. | 61