Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Rental property:    
Operating lease right-of-use assets $ 77,400 $ 78,600
Debt:    
Operating lease liabilities 86,076 87,500
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 303,605 275,079
Buildings, improvements and fixtures 2,938,434 2,553,452
Construction in progress 29,201 27,340
Total rental property, at cost 3,271,240 2,855,871
Accumulated depreciation (1,318,264) (1,224,962)
Total rental property, net 1,952,976 1,630,909
Cash and cash equivalents 12,778 212,124
Short-term investments 9,187 52,450
Investments in unconsolidated joint ventures 71,900 73,809
Deferred lease costs and other intangibles, net 91,269 58,574
Operating lease right-of-use assets 77,400 78,636
Prepaids and other assets 108,609 111,163
Total assets 2,324,119 2,217,665
Debt:    
Senior, unsecured notes, net 1,039,840 1,037,998
Unsecured term loans, net 322,322 321,525
Mortgages payable, net 64,041 68,971
Unsecured lines of credit 13,000 0
Total debt 1,439,203 1,428,494
Accounts payable and accrued expenses 118,505 104,741
Operating lease liabilities 86,076 87,528
Other liabilities 89,022 82,968
Total liabilities 1,732,806 1,703,731
Commitments and contingencies (Note 22)
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 108,793,251 and 104,497,920 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 1,088 1,045
Paid in capital 1,079,387 987,192
Accumulated distributions in excess of net income (490,171) (485,557)
Partners' Equity    
Accumulated other comprehensive loss (23,519) (11,037)
Equity attributable to Tanger Inc. 566,785 491,643
Noncontrolling interests in Operating Partnership 24,528 22,291
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 591,313 513,934
Total liabilities and equity 2,324,119 2,217,665
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 303,605 275,079
Buildings, improvements and fixtures 2,938,434 2,553,452
Construction in progress 29,201 27,340
Total rental property, at cost 3,271,240 2,855,871
Accumulated depreciation (1,318,264) (1,224,962)
Total rental property, net 1,952,976 1,630,909
Cash and cash equivalents 12,572 212,011
Short-term investments 9,187 52,450
Investments in unconsolidated joint ventures 71,900 73,809
Deferred lease costs and other intangibles, net 91,269 58,574
Operating lease right-of-use assets 77,400 78,636
Prepaids and other assets 108,157 110,622
Total assets 2,323,461 2,217,011
Debt:    
Senior, unsecured notes, net 1,039,840 1,037,998
Unsecured term loans, net 322,322 321,525
Mortgages payable, net 64,041 68,971
Unsecured lines of credit 13,000 0
Total debt 1,439,203 1,428,494
Accounts payable and accrued expenses 117,847 104,087
Operating lease liabilities 86,076 87,528
Other liabilities 89,022 82,968
Total liabilities 1,732,148 1,703,077
Commitments and contingencies (Note 22)
Partners' Equity    
General partner, 1,150,000 and 1,100,000 units outstanding at December 31, 2023 and December 31, 2022, respectively 5,776 4,516
Limited partners, 4,707,958 and 4,737,982 Class A common units, and 107,643,251 and 103,397,920 Class B common units outstanding at December 31, 2023 and December 31, 2022, respectively 610,330 521,168
Accumulated other comprehensive loss (24,793) (11,750)
Total partners' equity 591,313 513,934
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 591,313 513,934
Total liabilities and equity $ 2,323,461 $ 2,217,011