<ARTICLE>                     5
<LEGEND>
The schedule contains summary financial information extracted from the financial
statements as of and for the nine months ended September 30, 1998 included
herein and is qualified in its entirety by reference to such financial
statements. 
</LEGEND>
<CIK>                         0000899715
<NAME>                                         TANGER FACTORY OUTLET CENTERS,INC
<MULTIPLIER>                                   1000
       
                             
<PERIOD-TYPE>                                  9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-END>                                   SEP-30-1998
<CASH>                                         2,659
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         519,678
<DEPRECIATION>                                 79,282
<TOTAL-ASSETS>                                 464,044
<CURRENT-LIABILITIES>                          0
<BONDS>                                        288,446
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    1
<COMMON>                                       79
<OTHER-SE>                                     117,543
<TOTAL-LIABILITY-AND-EQUITY>                   464,044
<SALES>                                        0
<TOTAL-REVENUES>                               72,223
<CGS>                                          0
<TOTAL-COSTS>                                  22,030
<OTHER-EXPENSES>                               16,407<F1>
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             16,065
<INCOME-PRETAX>                                13,749
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            10,325
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                (332)
<CHANGES>                                      0
<NET-INCOME>                                   9,993
<EPS-PRIMARY>                                  1.09
<EPS-DILUTED>                                  1.06
        
<FN>
<F1> DEPRECIATION AND AMORTIZATION
</FN>