v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 268,243 $ 265,968
Buildings, improvements and fixtures 2,520,492 2,527,404
Rental property, at cost, total 2,788,735 2,793,372
Accumulated depreciation (1,125,883) (1,054,993)
Total rental property, net 1,662,852 1,738,379
Cash and cash equivalents 143,116 84,832
Investments in unconsolidated joint ventures 85,421 94,579
Deferred lease costs and other intangibles, net 76,980 84,960
Operating lease right-of-use assets 80,658 81,499
Prepaids and other assets 100,134 105,282
Total assets 2,149,161 2,189,531
Debt:    
Senior, unsecured notes, net 1,035,670 1,140,576
Unsecured term loan, net 298,288 347,370
Mortgages payable, net 76,807 79,940
Unsecured lines of credit 0 0
Total debt 1,410,765 1,567,886
Accounts payable and accrued expenses 90,053 88,253
Operating lease liabilities 89,364 90,105
Other liabilities 78,819 84,404
Total liabilities 1,669,001 1,830,648
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 103,984,234 and 93,569,801 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 1,040 936
Paid in capital 975,137 787,143
Accumulated distributions in excess of net income  (496,495) (420,104)
Partners’ Equity:    
Accumulated other comprehensive loss (20,686) (26,585)
Equity attributable to Tanger Factory Outlet Centers, Inc. 458,996 341,390
Noncontrolling interests in Operating Partnership 21,164 17,493
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 480,160 358,883
Total liabilities and equity 2,149,161 2,189,531
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 268,243 265,968
Buildings, improvements and fixtures 2,520,492 2,527,404
Rental property, at cost, total 2,788,735 2,793,372
Accumulated depreciation (1,125,883) (1,054,993)
Total rental property, net 1,662,852 1,738,379
Cash and cash equivalents 142,813 84,750
Investments in unconsolidated joint ventures 85,421 94,579
Deferred lease costs and other intangibles, net 76,980 84,960
Operating lease right-of-use assets 80,658 81,499
Prepaids and other assets 100,054 104,800
Total assets 2,148,778 2,188,967
Debt:    
Senior, unsecured notes, net 1,035,670 1,140,576
Unsecured term loan, net 298,288 347,370
Mortgages payable, net 76,807 79,940
Unsecured lines of credit 0 0
Total debt 1,410,765 1,567,886
Accounts payable and accrued expenses 89,670 87,689
Operating lease liabilities 89,364 90,105
Other liabilities 78,819 84,404
Total liabilities 1,668,618 1,830,084
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at September 30, 2021 and 1,000,000 at December 31, 2020, respectively 4,401 3,334
Limited partners, 4,794,643 and 4,794,643 Class A common units, and 102,884,234 and 92,569,801 Class B common units outstanding at September 30, 2021 and December 31, 2020, respectively 497,593 383,588
Accumulated other comprehensive loss (21,834) (28,039)
Total partners’ equity 480,160 358,883
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 480,160 358,883
Total liabilities and equity $ 2,148,778 $ 2,188,967

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