Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 265,714 $ 265,968
Buildings, improvements and fixtures 2,522,600 2,527,404
Rental property, at cost, total 2,788,314 2,793,372
Accumulated depreciation (1,102,800) (1,054,993)
Total rental property, net 1,685,514 1,738,379
Cash and cash equivalents 107,612 84,832
Investments in unconsolidated joint ventures 88,868 94,579
Deferred lease costs and other intangibles, net 79,425 84,960
Operating lease right-of-use assets 80,942 81,499
Prepaids and other assets 88,721 105,282
Total assets 2,131,082 2,189,531
Debt:    
Senior, unsecured notes, net 992,592 1,140,576
Unsecured term loan, net 298,106 347,370
Mortgages payable, net 77,904 79,940
Unsecured lines of credit 0 0
Total debt 1,368,602 1,567,886
Accounts payable and accrued expenses 70,328 88,253
Operating lease liabilities 89,619 90,105
Other liabilities 79,048 84,404
Total liabilities 1,607,597 1,830,648
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 103,620,580 and 93,569,801 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 1,036 936
Paid in capital 966,409 787,143
Accumulated distributions in excess of net income  (448,368) (420,104)
Partners’ Equity:    
Accumulated other comprehensive loss (18,743) (26,585)
Equity attributable to Tanger Factory Outlet Centers, Inc. 500,334 341,390
Noncontrolling interests in Operating Partnership 23,151 17,493
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 523,485 358,883
Total liabilities and equity 2,131,082 2,189,531
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 265,714 265,968
Buildings, improvements and fixtures 2,522,600 2,527,404
Rental property, at cost, total 2,788,314 2,793,372
Accumulated depreciation (1,102,800) (1,054,993)
Total rental property, net 1,685,514 1,738,379
Cash and cash equivalents 107,204 84,750
Investments in unconsolidated joint ventures 88,868 94,579
Deferred lease costs and other intangibles, net 79,425 84,960
Operating lease right-of-use assets 80,942 81,499
Prepaids and other assets 88,404 104,800
Total assets 2,130,357 2,188,967
Debt:    
Senior, unsecured notes, net 992,592 1,140,576
Unsecured term loan, net 298,106 347,370
Mortgages payable, net 77,904 79,940
Unsecured lines of credit 0 0
Total debt 1,368,602 1,567,886
Accounts payable and accrued expenses 69,603 87,689
Operating lease liabilities 89,619 90,105
Other liabilities 79,048 84,404
Total liabilities 1,606,872 1,830,084
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at June 30, 2021 and 1,000,000 at December 31, 2020, respectively 4,909 3,334
Accumulated other comprehensive loss (19,800) (28,039)
Total partners’ equity 523,485 358,883
Limited partners, 4,794,643 and 4,794,643 Class A common units, and 102,520,580 and 92,569,801 Class B common units outstanding at June 30, 2021 and December 31, 2020, respectively 538,376 383,588
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 523,485 358,883
Total liabilities and equity $ 2,130,357 $ 2,188,967