Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 278,428 $ 279,978
Buildings, improvements and fixtures 2,764,649 2,793,638
Construction in progress 3,102 14,854
Total rental property, at cost 3,046,179 3,088,470
Accumulated depreciation (981,305) (901,967)
Total rental property, net 2,064,874 2,186,503
Cash and cash equivalents 9,083 6,101
Investments in unconsolidated joint ventures 95,969 119,436
Deferred lease costs and other intangibles, net 116,874 132,061
Prepaids and other assets 98,102 96,004
Total assets 2,384,902 2,540,105
Debt:    
Senior, unsecured notes, net 1,136,663 1,134,755
Unsecured term loans, net 346,799 322,975
Mortgages payable, net 87,471 99,761
Unsecured lines of credit, net 141,985 206,160
Total debt 1,712,918 1,763,651
Accounts payable and accrued expenses 82,676 90,416
Other liabilities 83,773 73,736
Total liabilities 1,879,367 1,927,803
Commitments and contingencies (Note 23)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 93,941,783 and 94,560,536 shares issued and outstanding at December 31, 2018 and 2017, respectively 939 946
Paid in capital 778,845 784,782
Accumulated distributions in excess of net income (272,454) (184,865)
Partners' Equity    
Accumulated other comprehensive loss (27,151) (19,285)
Equity attributable to Tanger Factory Outlet Centers, Inc. 480,179 581,578
Noncontrolling interests in Operating Partnership 25,356 30,724
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 505,535 612,302
Total liabilities and equity 2,384,902 2,540,105
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 278,428 279,978
Buildings, improvements and fixtures 2,764,649 2,793,638
Construction in progress 3,102 14,854
Total rental property, at cost 3,046,179 3,088,470
Accumulated depreciation (981,305) (901,967)
Total rental property, net 2,064,874 2,186,503
Cash and cash equivalents 8,991 6,050
Investments in unconsolidated joint ventures 95,969 119,436
Deferred lease costs and other intangibles, net 116,874 132,061
Prepaids and other assets 97,832 95,384
Total assets 2,384,540 2,539,434
Debt:    
Senior, unsecured notes, net 1,136,663 1,134,755
Unsecured term loans, net 346,799 322,975
Mortgages payable, net 87,471 99,761
Unsecured lines of credit, net 141,985 206,160
Total debt 1,712,918 1,763,651
Accounts payable and accrued expenses 82,314 89,745
Other liabilities 83,773 73,736
Total liabilities 1,879,005 1,927,132
Commitments and contingencies (Note 23)
Partners' Equity    
General partner, 1,000,000 units outstanding at December 31, 2018 and 2017 4,914 5,844
Limited partners, 4,960,684 and 4,995,433 Class A units and 92,941,783 and 93,560,536 Class B units outstanding at December 31, 2018 and 2017, respectively 529,252 626,803
Accumulated other comprehensive loss (28,631) (20,345)
Total partners' equity 505,535 612,302
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 505,535 612,302
Total liabilities and equity $ 2,384,540 $ 2,539,434