00008997150001004036true2022FY00008997152022-01-012022-12-310000899715skt:TangerPropertiesLimitedPartnershipMember2022-01-012022-12-3100008997152022-06-30iso4217:USD00008997152023-02-10xbrli:shares
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Amendment No. 1)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2022
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _________ to _________

Commission file number 1-11986 (Tanger Factory Outlet Centers, Inc.)
Commission file number 333-3526-01 (Tanger Properties Limited Partnership)

TANGER FACTORY OUTLET CENTERS, INC.
TANGER PROPERTIES LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
North Carolina(Tanger Factory Outlet Centers, Inc.)56-1815473
North Carolina(Tanger Properties Limited Partnership)56-1822494
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
3200 Northline Avenue, Suite 360, Greensboro, NC 27408
(Address of principal executive offices)
(336) 292-3010
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Tanger Factory Outlet Centers, Inc.:
Title of each classTrading Symbol (s)Name of exchange on which registered
Common Shares, $.01 par valueSKTNew York Stock Exchange
Tanger Properties Limited Partnership:
None
Securities registered pursuant to Section 12(g) of the Act:
Tanger Factory Outlet Centers, Inc.: None
Tanger Properties Limited Partnership: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Tanger Factory Outlet Centers, Inc.YesNo
Tanger Properties Limited PartnershipYesNo

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Tanger Factory Outlet Centers, Inc.YesNo
Tanger Properties Limited PartnershipYesNo



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
1

Tanger Factory Outlet Centers, Inc.YesNo
Tanger Properties Limited PartnershipYesNo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Tanger Factory Outlet Centers, Inc.YesNo
Tanger Properties Limited PartnershipYesNo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer," “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Tanger Factory Outlet Centers, Inc.
Large Accelerated FilerAccelerated Filer
Non-accelerated Filer Smaller Reporting Company
Emerging Growth Company
Tanger Properties Limited Partnership
Large Accelerated FilerAccelerated Filer
Non-accelerated FilerSmaller Reporting Company
Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Tanger Factory Outlet Centers, Inc.
Tanger Properties Limited Partnership

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of
the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.
7262(b)) by the registered public accounting firm that prepared or issued its audit report.

Tanger Factory Outlet Centers, Inc.
Tanger Properties Limited Partnership

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Tanger Factory Outlet Centers, Inc.YesNo
Tanger Properties Limited PartnershipYesNo

The aggregate market value of voting shares held by non-affiliates of Tanger Factory Outlet Centers, Inc. was approximately $1,451,887,553 based on the closing price on the New York Stock Exchange for such shares on June 30, 2022.

The number of Common Shares of Tanger Factory Outlet Centers, Inc. outstanding as of February 10, 2023 was 104,497,920.

Auditor Firm PCAOB ID 34 Auditor Name: Deloitte & Touche LLP Auditor Location: Charlotte, North Carolina

Documents Incorporated By Reference

Portions of Tanger Factory Outlet Center, Inc.'s definitive proxy statement filed with respect to the 2023 Annual Meeting of Shareholders are incorporated by reference in Part III.
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EXPLANATORY NOTE

This Amendment No. 1 (the "Amendment") to the Annual Report on Form 10-K for the year ended December 31, 2022 (the "Original Annual Report") of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership amends the Original Annual Report solely for the purpose of revising the Lease Expirations tables contained in Item 2, Properties. With the exception of this revision, the information contained in Item 2, Properties is the same.

As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in connection with the Amendment, the Company’s Chief Executive Officer and Chief Financial Officer have reissued applicable portions of their certifications required under Section 302 of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”). This Amendment does not include certifications under Section 906 of Sarbanes-Oxley because no financial statements are being filed with this Amendment.

With the exception of the foregoing, no other information in the Original Annual Report has been supplemented, updated or amended. This Amendment is not intended to amend or otherwise update other information in the Original Annual Report. Among other things, forward-looking statements made in the Original Annual Report have not been revised to reflect events, results or developments that have occurred or facts that have become known to the Company after the date of the Original Annual Report, and such forward-looking statements should be read in their historical context. Accordingly, this Amendment should be read in conjunction with the Original Annual Report and with the Company’s other filings made with the Securities and Exchange Commission (“SEC”) subsequent to the filing of the Original Annual Report.

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ITEM 2.PROPERTIES

As of December 31, 2022, our consolidated portfolio consisted of 29 outlet centers totaling 11.4 million square feet located in 18 states and one center under construction. We own interests in six other outlet centers totaling approximately 2.1 million square feet through unconsolidated joint ventures, including two outlet centers in Canada. Our portfolio also includes one managed center totaling approximately 500,000 square feet. Each of our outlet centers, except one joint venture property, features the Tanger brand name. Our consolidated outlet centers range in size from 181,687 to 739,148 square feet. The outlet centers are generally located near tourist destinations or along major interstate highways to provide visibility and accessibility to potential customers.

We believe that the outlet centers are well diversified geographically and by tenant and that we are not dependent upon any single property or tenant. The outlet center in Deer Park, New York is the only property that comprises 10% or more of our consolidated total assets as of December 31, 2022. No property comprises more than 10% of our consolidated revenues for the year ended December 31, 2022. See "Properties - Significant Property" for further details.

We have an ongoing strategy of acquiring outlet centers, developing new outlet centers and expanding existing outlet centers. See “Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” for a discussion of the cost of such programs and the sources of financing thereof.

As of December 31, 2022, of the 29 outlet centers in our consolidated portfolio, we own the land underlying 23 and have ground leases on six. The following table sets forth information about the land leases on which all or a portion of the outlet centers are located:
Outlet CenterAcresExpirationExpiration including renewal terms at our option
Myrtle Beach Hwy 17, SC40.020272096
Atlantic City, NJ21.321002101
Sevierville, TN43.620862086
Riverhead, NY47.020242039
Mashantucket, CT (Foxwoods)8.120392089
Rehoboth Beach, DE2.72044
2064

Generally, our leases with our outlet center tenants typically have an initial term that ranges from 5 to 10 years and provide for the payment of fixed monthly rent in advance. There are often contractual base rent increases during the initial term of the lease. In addition, the rental payments are customarily subject to upward adjustments based upon tenant sales volume. A component of most leases includes a pro-rata share or escalating fixed contributions by the tenant for property operating expenses, including common area maintenance, real estate taxes, insurance and advertising and promotion, thereby reducing exposure to increases in operating expenses resulting from inflation.


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The following table summarizes certain information with respect to our consolidated outlet centers as of December 31, 2022:
StateNumber of
Outlet Centers
Square
Feet
%
of Square Feet
South Carolina1,605,812 14
New York1,468,429 13
Georgia1,121,579 10
Pennsylvania999,442 9
Texas823,557 7
Michigan671,571 6
Alabama554,736 5
Delaware550,921 5
New Jersey487,718 4
Tennessee449,968 4
Arizona410,753 3
Florida351,691 3
Missouri329,861 3
Mississippi324,801 3
Louisiana321,066 3
North Carolina319,762 3
Connecticut311,229 3
New Hampshire250,558 2
Total 29 11,353,454 100

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The following table summarizes certain information with respect to our existing outlet centers in which we have an ownership interest as of December 31, 2022. Except as noted, all properties are fee owned:
LocationLegal Ownership %Square Feet% Occupied
Consolidated Outlet Centers
Deer Park, New York100 739,148 100 
Riverhead, New York (1)
100 729,281 93 
Foley, Alabama100 554,736 94 
Rehoboth Beach, Delaware (1)
100 550,921 96 
Atlantic City, New Jersey (1) (3)
100 487,718 90 
San Marcos, Texas100 471,816 96 
Sevierville, Tennessee (1)
100 449,968 100 
Savannah, Georgia100 429,089 100 
Myrtle Beach Hwy 501, South Carolina100 426,523 98 
Glendale, Arizona (Westgate)100 410,753 100 
Myrtle Beach Hwy 17, South Carolina (1)
100 404,710 100 
Charleston, South Carolina100 386,328 100 
Lancaster, Pennsylvania100 375,883 100 
Pittsburgh, Pennsylvania100 373,863 96 
Commerce, Georgia100 371,408 99 
Grand Rapids, Michigan100 357,133 91 
Fort Worth, Texas100 351,741 99 
Daytona Beach, Florida100 351,691 100 
Branson, Missouri100 329,861 100 
Southaven, Mississippi (2) (3)
50 324,801 100 
Locust Grove, Georgia100 321,082 99 
Gonzales, Louisiana100 321,066 100 
Mebane, North Carolina100 319,762 100 
Howell, Michigan100 314,438 84 
Mashantucket, Connecticut (Foxwoods) (1)
100 311,229 86 
Tilton, New Hampshire100 250,558 94 
Hershey, Pennsylvania100 249,696 100 
Hilton Head II, South Carolina100 206,564 99 
Hilton Head I, South Carolina100 181,687 99 
Total11,353,454 97 

(1)These properties or a portion thereof are subject to a ground lease.
(2)Based on capital contribution and distribution provisions in the joint venture agreement, we expect our economic interest in the venture's cash flow to be greater than our legal ownership percentage. We currently receive substantially all the economic interest of the property.
(3)Property encumbered by mortgage. See Notes 7 and 8 to the consolidated financial statements for further details of our debt obligations.

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LocationLegal Ownership %Square
Feet
%
Occupied
Unconsolidated joint venture properties
Charlotte, North Carolina (1)
50 398,698 98 
Ottawa, Ontario50 357,209 96 
Columbus, Ohio (1)
50 355,245 100 
Texas City, Texas (Galveston/Houston) (1)
50 352,705 96 
National Harbor, Maryland (1)
50 341,156 100 
Cookstown, Ontario50 307,883 98 
Total2,112,896 98 
(1)Property encumbered by mortgage. See Note 5 to the consolidated financial statements for further details of our joint ventures' debt obligations.

LocationSquare Feet
Managed Properties
Palm Beach, Florida457,326 

Base Rents and Occupancy Rates

The following table sets forth our year end occupancy and average annual base rent per square foot during each of the last five calendar years for our consolidated outlet centers:
20222021
2020 (2)
20192018
Occupancy97 %95 %92 %97 %97 %
Average annual base rent per square foot $25.25 $23.79 $21.10 $25.35 $25.51 
(1)Average annual base rent per square foot is calculated based on base rental revenues recognized during the year on a straight-line basis including non-cash adjustments to base rent required by United States Generally Accepted Accounting Principles ("GAAP") and the effects of inducements and rent concessions divided by the weighted average square feet of the consolidated portfolio. Average annual base rent excludes common area maintenance and reimbursements.
(2)The decline in the average annual base rent per square foot in 2020 compared to previous years reflects the decline in occupancy from 97% in 2019 to 92% in 2020 and rent modifications primarily due to a number of tenants filing bankruptcy during 2020.


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Lease Expirations

The following table sets forth, as of December 31, 2022, scheduled lease expirations for our consolidated outlet centers, assuming none of the tenants exercise renewal options:

YearNo. of Leases Expiring
Approx. Square Feet (in 000's) (1)
Average Annualized Base Rent per sq. ft
Annualized Base Rent
   (in 000's) (2)
% of Annualized Base Rent Represented by Expiring Leases
2023316 1,606 27.03 43,418 17 
2024354 1,676 29.14 48,838 19 
2025317 1,580 27.84 43,985 17 
2026222 1,089 29.66 32,301 13 
2027201 1,016 30.71 31,197 12 
2028121 792 26.31 20,840 
202984 346 31.93 11,048 
203050 313 31.47 9,851 
203127 140 25.56 3,578 
203248 372 26.30 9,785 
2033 and after40 36.75 1,470 
1,748 8,970 $28.57 $256,311 100 
(1)Excludes leases that have been entered into but which tenant has not yet taken possession, vacant suites, leases that have turned over but not open, temporary leases and month-to-month leases totaling in the aggregate approximately 2.4 million square feet of our consolidated outlet centers.
(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents which are based on a percentage of sales in lieu of fixed contractual rents.

Changes in rental income associated with individual signed leases on comparable spaces may be positive or negative, and we can provide no assurance that the rents on new leases or renewals of existing leases will increase from current levels, if at all.

Expiring leases

The following table sets forth information regarding the expiring leases for our consolidated outlet centers during each of the last five calendar years:
Total ExpiringRenewed by Existing
Tenants
Year (1)
Square Feet
(in 000's)
% of
Total Outlet Center Square Feet (2)
Square Feet
(in 000's)
% of
Expiring Square Feet
20221,968 17 1,559 79 
20211,728 15 1,359 79 
20201,526 13 1,096 72 
20191,320 11 1,020 81 
20181,742 13 1,418 81 
(1)Excludes data for properties sold in each respective year.
(2)Represents the percentage of total square footage at the beginning of each year that is scheduled to expire during the respective year.

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Leasing activity

In 2021, we revised our rent spread presentation from a commenced basis to executed basis and we are presenting it for comparable space. Comparable space excludes leases for space that was vacant for more than 12 months (non-comparable space). We believe that this presentation provides additional information and improves comparability to other retail REITs. Prior period results have been revised to conform with the current period presentation.

The following table sets forth leasing activity for each of the calendar years for comparable space for executed leases for consolidated outlet centers.(1)
Renewals of Existing LeasesStores Re-leased to New Tenants
Initial Rent (2)
Initial Rent (2)
($ per sq. ft.)($ per sq. ft.)
YearSquare Feet
(in 000's)
New

Rent
Spread %(3)
Square Feet
(in 000's)
New

Rent
Spread %(3)
20221,693 $30.72 122 $43.47 28 
2021978 $31.08 — 192 $29.27 (4)
20201,077 $22.90 (8)91 $30.02 (5)
2019967 $25.36 (7)385 $28.34 (21)
20181,381 $30.57 (1)299 $36.92 17 
(1)For consolidated properties owned as of the period-end date. Represents leases for new stores or renewals that were executed during the respective calendar year and excludes license agreements, seasonal tenants and month-to-month leases.
(2)Represents average initial cash rent (base rent and common area maintenance (“CAM”)).
(3)Represents change in initial and expiring cash rent (base rent and CAM). See above for a description of the change in calculation from prior periods.

Occupancy Costs

We believe that our ratio of average tenant occupancy cost (which includes base rent, common area maintenance, real estate taxes, insurance, advertising and promotions) to average sales per square foot is low relative to other forms of retail distribution. The following table sets forth for tenants that report sales, for each of the last five calendar years, tenant occupancy costs per square foot as a percentage of reported tenant sales per square foot for our consolidated outlet centers:

YearOccupancy Costs as a
% of Tenant Sales
20228.6 
20218.1
2020
N/A (1)
201910.0 
20189.9 
(1)As a result of the COVID-19 pandemic, retailers stores were closed for much of the second quarter of 2020 due to mandates by order of local and state authorities. Given the fewer than twelve months of sales reported by our tenants for 2020, an average tenant occupancy cost is not provided for this period.

As of December 31, 2022, our occupancy cost ratio increased to 8.6%. The increase from 2021 relates to higher operating costs.
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Tenants

The following table sets forth certain information for our consolidated outlet centers with respect to our 25 largest tenants based on total annualized base rent as of December 31, 2022 (1) :

TenantBrands# of
Stores
Gross Leasable Area (GLA)% of
Total GLA
% of Total Annualized Base Rent (2)
The Gap, Inc.Gap, Banana Republic, Old Navy81 867,805 7.0 %5.3 %
SPARC GroupAéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brands, Nautica88 530,635 4.3 %4.0 %
Premium Apparel, LLC; The Talbots, Inc.LOFT, Ann Taylor, Lane Bryant, Talbots76 406,570 3.3 %3.9 %
Under Armour, Inc.Under Armour, Under Armour Kids28 246,787 2.0 %3.0 %
PVH Corp.Tommy Hilfiger, Calvin Klein38 286,103 2.3 %3.0 %
Tapestry, Inc.Coach, Kate Spade, Stuart Weitzman48 226,912 1.8 %3.0 %
American Eagle Outfitters, Inc.American Eagle Outfitters, Aerie42 283,306 2.3 %2.8 %
Nike, Inc.Nike, Converse, Hurley30 362,948 2.9 %2.4 %
Columbia Sportswear CompanyColumbia Sportswear22 176,697 1.4 %2.3 %
Capri Holdings LimitedMichael Kors, Michael Kors Men’s27 137,486 1.1 %2.0 %
Carter’s, Inc.Carter's, OshKosh B'gosh39 173,705 1.4 %2.0 %
Signet Jewelers LimitedKay Jewelers, Zales, Jared Vault49 108,873 0.9 %1.9 %
Skechers USA, Inc.Skechers28 154,913 1.2 %1.8 %
Hanesbrands Inc.Hanesbrands, Maidenform, Champion33 162,479 1.3 %1.8 %
Rack Room Shoes, Inc.Rack Room Shoes25 187,848 1.5 %1.8 %
Ralph Lauren CorporationPolo Ralph Lauren, Polo Children, Polo Ralph Lauren Big & Tall30 338,181 2.7 %1.7 %
V. F. CorporationThe North Face, Vans, Timberland, Dickies, Work Authority27 143,207 1.2 %1.7 %
Luxottica Group S.p.A.Sunglass Hut, Oakley, Lenscrafters53 79,829 0.6 %1.6 %
Express Inc.Express Factory24 168,000 1.4 %1.6 %
H & M Hennes & Mauritz LP.H&M18 385,321 3.1 %1.6 %
Adidas AGAdidas19 141,430 1.1 %1.6 %
Chico’s, FAS Inc.Chicos, White House/Black Market, Soma Intimates34 98,901 0.8 %1.5 %
Levi Strauss & Co.Levi's27 111,510 0.9 %1.5 %
Caleres Inc.Famous Footwear25 148,489 1.2 %1.4 %
Rue 21, LLCRue 2119 114,559 0.9 %1.3 %
Total of Top 25 tenants930 6,042,494 48.6 %56.5 %
(1)Excludes leases that have been entered into but for which the tenant has not yet taken possession, temporary leases and month-to-month leases. Includes all retail concepts of each tenant group for consolidated outlet centers; tenant groups are determined based on leasing relationships.
(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents that are based on a percentage of sales in lieu of fixed contractual rents.

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Significant Property

The Deer Park, New York outlet center is the only property that comprises 10% or more of our consolidated total assets. No property comprises more than 10% of our consolidated revenues.

Tenants at the Deer Park outlet center principally conduct retail sales operations. The following table shows occupancy and certain base rental information related to this property as of December 31, 2022, 2021 and 2020:
Deer Park Square Feet202220212020
Outlet Center Occupancy739,148 100 %95 %89 %
Average base rental rates per weighted average square foot (1)
$35.33$31.99$19.25
(1)Average annual base rent per square foot is calculated based on base rental revenues recognized during the year on a straight-line basis including non-cash adjustments to base rent required by GAAP and the effects of inducements and rent concessions divided by the weighted average square feet of the Deer Park Outlet Center.

The increase in the average annual base rent per square foot in 2022 compared to 2021 reflects the increase in occupancy from 95% in 2021 to 100% in 2022 and temporary rent modifications primarily due to a number of tenants filing for bankruptcy during 2020.

Depreciation on the outlet centers is computed on the straight-line basis over the estimated useful lives of the assets. We generally use estimated lives of up to 33 years for buildings, 15 years for land improvements and 7 years for equipment. Expenditures for ordinary repairs and maintenance are charged to operations as incurred while significant renovations and improvements, including tenant finishing allowances, which improve and/or extend the useful life of the asset are capitalized and depreciated over their estimated useful life. Real estate taxes assessed on this outlet center during 2022 amounted to $5.6 million. Real estate taxes for 2023 are estimated to be approximately $5.7 million.

The following table sets forth, as of December 31, 2022, scheduled lease expirations for the Deer Park outlet center assuming that none of the tenants exercise renewal options:
Year
No. of
Leases
Expiring (1)
Square Feet
(in 000's) (1)
Annualized
Base Rent
per Square Foot
Annualized
Base Rent
    (in 000's) (2)
% of Gross
Annualized
Base Rent
Represented
by Expiring
Leases
202316 99 31.09 3,078 15 
202424 177 38.72 6,854 33 
202524 33.46 803 
202619 45.37 862 
202715 46.60 699 
202811 108 42.57 4,598 22 
202921 42.24 887 
203028 44.21 1,238 
203137.60 188 
203295 15.47 1,470 
2033 and after— — — — — 
Total81 591 $34.99 $20,677 100 %
(1)Excludes leases that have been entered into but for which the tenant has not taken possession, vacant suites, leases that have turned over but not open, temporary leases and month-to-month leases totaling in the aggregate approximately 148,000 square feet.
(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents that are based on a percentage of sales in lieu of fixed contractual rents.
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ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

The following documents are filed as part of this Amendment:

Exhibits.

Exhibit No.Description

31.1
31.2
31.3
31.4
101.INS**Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
101.SCH**Inline XBRL Taxonomy Extension Schema Document
101.CAL**Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB**Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE**Inline XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF**Inline XBRL Taxonomy Extension Definition Linkbase Document
104**Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
    

** Submitted herewith.
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SIGNATURES of Tanger Factory Outlet Centers, Inc.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TANGER FACTORY OUTLET CENTERS, INC.
By:/s/ Michael J. Bilerman
Michael J. Bilerman
Executive Vice President, Chief Financial Officer, Chief Investment Officer and Secretary

June 29, 2023



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SIGNATURES of Tanger Properties Limited Partnership

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TANGER PROPERTIES LIMITED PARTNERSHIP
By:TANGER FACTORY OUTLET CENTERS, INC., its sole general partner
By:/s/ Michael J. Bilerman
Michael J. Bilerman
Executive Vice President, Chief Financial Officer, Chief Investment Officer and Secretary

June 29, 2023




























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