Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 279,978 $ 272,153
Buildings, improvements and fixtures 2,793,638 2,647,477
Construction in progress 14,854 46,277
Total rental property, at cost 3,088,470 2,965,907
Accumulated depreciation (901,967) (814,583)
Total rental property, net 2,186,503 2,151,324
Cash and cash equivalents 6,101 12,222
Investments in unconsolidated joint ventures 119,436 128,104
Deferred lease costs and other intangibles, net 132,061 151,579
Prepaids and other assets 96,004 82,985
Total assets 2,540,105 2,526,214
Debt:    
Senior, unsecured notes, net 1,134,755 1,135,309
Unsecured term loans, net 322,975 322,410
Mortgages payable, net 99,761 172,145
Unsecured lines of credit, net 206,160 58,002
Total debt 1,763,651 1,687,866
Accounts payable and accrued expenses 90,416 78,143
Other liabilities 73,736 54,764
Total liabilities 1,927,803 1,820,773
Commitments and contingencies (Note 23)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 94,560,536 and 96,095,891 shares issued and outstanding at December 31, 2017 and 2016, respectively 946 961
Paid in capital 784,782 820,251
Accumulated distributions in excess of net income (184,865) (122,701)
Partners' Equity    
Accumulated other comprehensive loss (19,285) (28,295)
Equity attributable to Tanger Factory Outlet Centers, Inc. 581,578 670,216
Noncontrolling interests in Operating Partnership 30,724 35,066
Noncontrolling interests in other consolidated partnerships 0 159
Total equity 612,302 705,441
Total liabilities and equity 2,540,105 2,526,214
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 279,978 272,153
Buildings, improvements and fixtures 2,793,638 2,647,477
Construction in progress 14,854 46,277
Total rental property, at cost 3,088,470 2,965,907
Accumulated depreciation (901,967) (814,583)
Total rental property, net 2,186,503 2,151,324
Cash and cash equivalents 6,050 12,199
Investments in unconsolidated joint ventures 119,436 128,104
Deferred lease costs and other intangibles, net 132,061 151,579
Prepaids and other assets 95,384 82,481
Total assets 2,539,434 2,525,687
Debt:    
Senior, unsecured notes, net 1,134,755 1,135,309
Unsecured term loans, net 322,975 322,410
Mortgages payable, net 99,761 172,145
Unsecured lines of credit, net 206,160 58,002
Total debt 1,763,651 1,687,866
Accounts payable and accrued expenses 89,745 77,616
Other liabilities 73,736 54,764
Total liabilities 1,927,132 1,820,246
Commitments and contingencies (Note 23)
Partners' Equity    
General partner, 1,000,000 units outstanding at December 31, 2017 and 2016 5,844 6,485
Limited partners, 4,995,433 and 5,027,781 Class A units and 93,560,536 and 95,095,891 Class B units outstanding at December 31, 2017 and 2016, respectively 626,803 728,631
Accumulated other comprehensive loss (20,345) (29,834)
Total partners' equity 612,302 705,282
Noncontrolling interests in other consolidated partnerships 0 159
Total equity 612,302 705,441
Total liabilities and equity $ 2,539,434 $ 2,525,687