Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Rental property:    
Operating lease right-of-use assets $ 78,600 $ 79,800
Debt:    
Operating lease liabilities 87,528 88,900
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 275,079 268,269
Buildings, improvements and fixtures 2,553,452 2,532,489
Construction in progress 27,340 0
Total rental property, at cost 2,855,871 2,800,758
Accumulated depreciation (1,224,962) (1,145,388)
Total rental property, net 1,630,909 1,655,370
Cash and cash equivalents 212,124 161,255
Short-term investments 52,450 0
Investments in unconsolidated joint ventures 73,809 82,647
Deferred lease costs and other intangibles, net 58,574 73,720
Operating lease right-of-use assets 78,636 79,807
Prepaids and other assets 111,163 104,585
Total assets 2,217,665 2,157,384
Debt:    
Senior, unsecured notes, net 1,037,998 1,036,181
Unsecured term loans, net 321,525 298,421
Mortgages payable, net 68,971 62,474
Unsecured lines of credit 0 0
Total debt 1,428,494 1,397,076
Accounts payable and accrued expenses 104,741 92,995
Operating lease liabilities 87,528 88,874
Other liabilities 82,968 78,650
Total liabilities 1,703,731 1,657,595
Commitments and contingencies (Note 21)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 104,497,920 and 104,084,734 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 1,045 1,041
Paid in capital 987,192 978,054
Accumulated distributions in excess of net income (485,557) (483,409)
Partners' Equity    
Accumulated other comprehensive loss (11,037) (17,761)
Equity attributable to Tanger Factory Outlet Centers, Inc. 491,643 477,925
Noncontrolling interests in Operating Partnership 22,291 21,864
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 513,934 499,789
Total liabilities and equity 2,217,665 2,157,384
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 275,079 268,269
Buildings, improvements and fixtures 2,553,452 2,532,489
Construction in progress 27,340 0
Total rental property, at cost 2,855,871 2,800,758
Accumulated depreciation (1,224,962) (1,145,388)
Total rental property, net 1,630,909 1,655,370
Cash and cash equivalents 212,011 161,152
Short-term investments 52,450 0
Investments in unconsolidated joint ventures 73,809 82,647
Deferred lease costs and other intangibles, net 58,574 73,720
Operating lease right-of-use assets 78,636 79,807
Prepaids and other assets 110,622 104,362
Total assets 2,217,011 2,157,058
Debt:    
Senior, unsecured notes, net 1,037,998 1,036,181
Unsecured term loans, net 321,525 298,421
Mortgages payable, net 68,971 62,474
Unsecured lines of credit 0 0
Total debt 1,428,494 1,397,076
Accounts payable and accrued expenses 104,087 92,669
Operating lease liabilities 87,528 88,874
Other liabilities 82,968 78,650
Total liabilities 1,703,077 1,657,269
Commitments and contingencies (Note 21)
Partners' Equity    
General partner, 1,100,000 and 1,100,000 units outstanding at December 31, 2022 and December 31, 2021, respectively 4,516 4,539
Limited partners, 4,737,982 and 4,761,559 Class A common units, and 103,397,920 and 102,984,734 Class B common units outstanding at December 31, 2022 and December 31, 2021, respectively 521,168 514,023
Accumulated other comprehensive loss (11,750) (18,773)
Total partners' equity 513,934 499,789
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 513,934 499,789
Total liabilities and equity $ 2,217,011 $ 2,157,058