Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER PROPERTIES LIMITED PARTNERSHIP 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
Partners’ Equity:    
Accumulated other comprehensive loss (9,252) (17,761)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,134,232 2,157,384
Tanger Properties Limited Partnership    
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 152,578 161,152
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 112,408 104,362
Total assets 2,133,757 2,157,058
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 57,541 92,669
Operating lease liabilities 88,610 88,874
Other liabilities 80,492 78,650
Total liabilities 1,623,180 1,657,269
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at March 31, 2022 and 1,100,000 at December 31, 2021, respectively 8,650 4,539
Limited partners, 4,761,559 and 4,761,559 Class A common units, and 103,369,061 and 102,984,734 Class B common units outstanding at March 31, 2022 and December 31, 2021, respectively 511,800 514,023
Accumulated other comprehensive loss (9,873) (18,773)
Total partners’ equity 510,577 499,789
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 510,577 499,789
Total liabilities and equity $ 2,133,757 $ 2,157,058