Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Rental property    
Rental property held for sale   $ 46,005
Tanger Factory Outlet Centers, Inc [Member]    
Rental property    
Land $ 240,267 217,994
Buildings, improvements and fixtures 2,249,417 1,947,083
Construction in progress 23,533 98,526
Total rental property, at cost 2,513,217 2,263,603
Accumulated depreciation (748,341) (662,236)
Total rental property, net 1,764,876 1,601,367
Cash and cash equivalents 21,558 16,875
Restricted cash 121,306 0
Rental property held for sale 0 46,005
Investments in unconsolidated joint ventures 201,083 208,050
Deferred lease costs and other intangibles, net 127,089 140,883
Deferred debt origination costs, net 11,882 12,126
Prepaids and other assets 78,913 72,354
Total assets 2,326,707 2,097,660
Debt    
Senior, unsecured notes (net of discount of $5,747 and $6,426, respectively) 794,253 793,574
Unsecured term loans (net of discount of $81 and $241, respectively) 267,419 267,259
Mortgages payable (including premiums of $2,448 and $3,031, respectively) 311,834 271,361
Unsecured lines of credit 190,300 111,000
Total debt 1,563,806 1,443,194
Accounts payable and accrued expenses 97,396 69,558
Deferred financing obligation 28,388 28,388
Other liabilities 31,085 32,634
Total liabilities 1,720,675 1,573,774
Commitments and contingencies 0 0
Tanger Factory Outlet Centers, Inc.    
Common shares, $.01 par value, 300,000,000 shares authorized, 95,880,825 and 95,509,781 shares issued and outstanding at December 31, 2015 and 2014, respectively 959 955
Paid in capital 806,379 791,566
Accumulated distributions in excess of net income (195,486) (281,679)
Partners' Equity    
Accumulated other comprehensive loss (36,715) (14,023)
Equity attributable to Tanger Factory Outlet Centers, Inc. 575,137 496,819
Noncontrolling interests in Operating Partnership 30,309 26,417
Noncontrolling interests in other consolidated partnerships 586 650
Total equity 606,032 523,886
Total liabilities and equity 2,326,707 2,097,660
Tanger Properties Limited Partnership [Member]    
Rental property    
Land 240,267 217,994
Buildings, improvements and fixtures 2,249,417 1,947,083
Construction in progress 23,533 98,526
Total rental property, at cost 2,513,217 2,263,603
Accumulated depreciation (748,341) (662,236)
Total rental property, net 1,764,876 1,601,367
Cash and cash equivalents 21,552 15,806
Restricted cash 121,306 0
Rental property held for sale 0 46,005
Investments in unconsolidated joint ventures 201,083 208,050
Deferred lease costs and other intangibles, net 127,089 140,883
Deferred debt origination costs, net 11,882 12,126
Prepaids and other assets 78,248 71,848
Total assets 2,326,036 2,096,085
Debt    
Senior, unsecured notes (net of discount of $5,747 and $6,426, respectively) 794,253 793,574
Unsecured term loans (net of discount of $81 and $241, respectively) 267,419 267,259
Mortgages payable (including premiums of $2,448 and $3,031, respectively) 311,834 271,361
Unsecured lines of credit 190,300 111,000
Total debt 1,563,806 1,443,194
Accounts payable and accrued expenses 96,725 67,983
Deferred financing obligation 28,388 28,388
Other liabilities 31,085 32,634
Total liabilities 1,720,004 1,572,199
Commitments and contingencies 0 0
Partners' Equity    
General partner, 1,000,000 units outstanding at December 31, 2015 and 2014 5,726 4,828
Limited partners, 5,052,743 and 5,078,406 Class A units and 94,880,825 and 94,509,781 Class B units outstanding at December 31, 2015 and 2014, respectively 638,422 533,199
Accumulated other comprehensive loss (38,702) (14,791)
Total partners' equity 605,446 523,236
Noncontrolling interests in other consolidated partnerships 586 650
Total equity 606,032 523,886
Total liabilities and equity $ 2,326,036 $ 2,096,085