Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Debt:    
Operating lease liabilities $ 92,092  
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 267,966 $ 278,428
Buildings, improvements and fixtures 2,651,300 2,764,649
Construction in progress 0 3,102
Rental property, at cost, total 2,919,266 3,046,179
Accumulated depreciation (966,805) (981,305)
Total rental property, net 1,952,461 2,064,874
Cash and cash equivalents 7,379 9,083
Investments in unconsolidated joint ventures 96,299 95,969
Deferred lease costs and other intangibles, net 104,286 116,874
Operating lease right-of-use assets 87,430 0
Prepaids and other assets 95,913 98,102
Total assets 2,343,768 2,384,902
Debt:    
Senior, unsecured notes, net 1,137,629 1,136,663
Unsecured term loan, net 347,102 346,799
Mortgages payable, net 85,661 87,471
Unsecured lines of credit, net 15,917 141,985
Total debt 1,586,309 1,712,918
Accounts payable and accrued expenses 60,324 82,676
Operating lease liabilities 92,092 0
Other liabilities 88,235 83,773
Total liabilities 1,826,960 1,879,367
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 93,544,267 and 93,941,783 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 935 939
Paid in capital 778,026 778,845
Accumulated distributions in excess of net income (262,764) (272,454)
Partners’ Equity:    
Accumulated other comprehensive loss (25,415) (27,151)
Equity attributable to Tanger Factory Outlet Centers, Inc. 490,782 480,179
Noncontrolling interests in Operating Partnership 26,026 25,356
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 516,808 505,535
Total liabilities and equity 2,343,768 2,384,902
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 267,966 278,428
Buildings, improvements and fixtures 2,651,300 2,764,649
Construction in progress 0 3,102
Rental property, at cost, total 2,919,266 3,046,179
Accumulated depreciation (966,805) (981,305)
Total rental property, net 1,952,461 2,064,874
Cash and cash equivalents 7,345 8,991
Investments in unconsolidated joint ventures 96,299 95,969
Deferred lease costs and other intangibles, net 104,286 116,874
Operating lease right-of-use assets 87,430 0
Prepaids and other assets 95,628 97,832
Total assets 2,343,449 2,384,540
Debt:    
Senior, unsecured notes, net 1,137,629 1,136,663
Unsecured term loan, net 347,102 346,799
Mortgages payable, net 85,661 87,471
Unsecured lines of credit, net 15,917 141,985
Total debt 1,586,309 1,712,918
Accounts payable and accrued expenses 60,005 82,314
Operating lease liabilities 92,092 0
Other liabilities 88,235 83,773
Total liabilities 1,826,641 1,879,005
Commitments and contingencies
Partners’ Equity:    
General partner, 1,000,000 units outstanding at June 30, 2019 and December 31, 2018 5,018 4,914
Limited partners, 4,960,684 and 4,960,684 Class A common units, and 92,544,267 and 92,941,783 Class B common units outstanding at June 30, 2019 and December 31, 2018, respectively 538,594 529,252
Accumulated other comprehensive loss (26,804) (28,631)
Total partners’ equity 516,808 505,535
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 516,808 505,535
Total liabilities and equity $ 2,343,449 $ 2,384,540