Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Debt:    
Operating lease liabilities $ 91,683  
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 267,642 $ 278,428
Buildings, improvements and fixtures 2,663,507 2,764,649
Construction in progress 0 3,102
Rental property, at cost, total 2,931,149 3,046,179
Accumulated depreciation (991,441) (981,305)
Total rental property, net 1,939,708 2,064,874
Cash and cash equivalents 4,664 9,083
Investments in unconsolidated joint ventures 94,415 95,969
Deferred lease costs and other intangibles, net 101,373 116,874
Operating lease right-of-use assets 86,830 0
Prepaids and other assets 97,367 98,102
Total assets 2,324,357 2,384,902
Debt:    
Senior, unsecured notes, net 1,138,115 1,136,663
Unsecured term loan, net 347,253 346,799
Mortgages payable, net 84,738 87,471
Unsecured lines of credit, net 1,817 141,985
Total debt 1,571,923 1,712,918
Accounts payable and accrued expenses 73,932 82,676
Operating lease liabilities 91,683 0
Other liabilities 88,619 83,773
Total liabilities 1,826,157 1,879,367
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 92,893,338 and 93,941,783 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 929 939
Paid in capital 771,868 778,845
Accumulated distributions in excess of net income (272,481) (272,454)
Partners’ Equity:    
Accumulated other comprehensive loss (27,372) (27,151)
Equity attributable to Tanger Factory Outlet Centers, Inc. 472,944 480,179
Noncontrolling interests in Operating Partnership 25,256 25,356
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 498,200 505,535
Total liabilities and equity 2,324,357 2,384,902
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 267,642 278,428
Buildings, improvements and fixtures 2,663,507 2,764,649
Construction in progress 0 3,102
Rental property, at cost, total 2,931,149 3,046,179
Accumulated depreciation (991,441) (981,305)
Total rental property, net 1,939,708 2,064,874
Cash and cash equivalents 4,574 8,991
Investments in unconsolidated joint ventures 94,415 95,969
Deferred lease costs and other intangibles, net 101,373 116,874
Operating lease right-of-use assets 86,830 0
Prepaids and other assets 97,112 97,832
Total assets 2,324,012 2,384,540
Debt:    
Senior, unsecured notes, net 1,138,115 1,136,663
Unsecured term loan, net 347,253 346,799
Mortgages payable, net 84,738 87,471
Unsecured lines of credit, net 1,817 141,985
Total debt 1,571,923 1,712,918
Accounts payable and accrued expenses 73,587 82,314
Operating lease liabilities 91,683 0
Other liabilities 88,619 83,773
Total liabilities 1,825,812 1,879,005
Commitments and contingencies
Partners’ Equity:    
General partner, 1,000,000 units outstanding at September 30, 2019 and December 31, 2018 4,916 4,914
Limited partners, 4,960,684 and 4,960,684 Class A common units, and 91,893,338 and 92,941,783 Class B common units outstanding at September 30, 2019 and December 31, 2018, respectively 522,150 529,252
Accumulated other comprehensive loss (28,866) (28,631)
Total partners’ equity 498,200 505,535
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 498,200 505,535
Total liabilities and equity $ 2,324,012 $ 2,384,540