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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Rental property:    
Land $ 268,269 $ 268,269
Buildings, improvements and fixtures 2,528,223 2,532,489
Construction in progress 6,175 0
Rental property, at cost, total 2,802,667 2,800,758
Accumulated depreciation (1,166,231) (1,145,388)
Total rental property, net 1,636,436 1,655,370
Cash and cash equivalents 152,847 161,255
Investments in unconsolidated joint ventures 82,955 82,647
Deferred lease costs and other intangibles, net 69,861 73,720
Operating lease right-of-use assets 79,519 79,807
Prepaids and other assets 112,614 104,585
Total assets 2,134,232 2,157,384
Debt:    
Senior, unsecured notes, net 1,036,635 1,036,181
Unsecured term loan, net 298,590 298,421
Mortgages payable, net 61,312 62,474
Unsecured lines of credit 0 0
Total debt 1,396,537 1,397,076
Accounts payable and accrued expenses 58,016 92,995
Operating lease liabilities 88,610 88,874
Other liabilities 80,492 78,650
Total liabilities 1,623,655 1,657,595
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 104,469,061 and 104,084,734 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 1,044 1,041
Paid in capital 978,734 978,054
Accumulated distributions in excess of net income  (482,206) (483,409)
Accumulated other comprehensive loss (9,252) (17,761)
Equity attributable to Tanger Factory Outlet Centers, Inc. 488,320 477,925
Noncontrolling interests in Operating Partnership 22,257 21,864
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 510,577 499,789
Total liabilities and equity $ 2,134,232 $ 2,157,384

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