Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Rental property:    
Total rental property, net $ 100,000  
Debt:    
Operating lease liabilities 91,237  
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 266,537 $ 278,428
Buildings, improvements and fixtures 2,630,357 2,764,649
Construction in progress 0 3,102
Total rental property, at cost 2,896,894 3,046,179
Accumulated depreciation (1,009,951) (981,305)
Total rental property, net 1,886,943 2,064,874
Cash and cash equivalents 16,672 9,083
Investments in unconsolidated joint ventures 94,691 95,969
Deferred lease costs and other intangibles, net 96,712 116,874
Operating lease right-of-use assets 86,575 0
Prepaids and other assets 103,618 98,102
Total assets 2,285,211 2,384,902
Debt:    
Senior, unsecured notes, net 1,138,603 1,136,663
Unsecured term loans, net 347,367 346,799
Mortgages payable, net 83,803 87,471
Unsecured lines of credit, net 0 141,985
Total debt 1,569,773 1,712,918
Accounts payable and accrued expenses 79,562 82,676
Operating lease liabilities 91,237 0
Other liabilities 88,530 83,773
Total liabilities 1,829,102 1,879,367
Commitments and contingencies (Note 22)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 92,892,260 and 93,941,783 shares issued and outstanding at December 31, 2019 and 2018, respectively 929 939
Paid in capital 775,035 778,845
Accumulated distributions in excess of net income (317,263) (272,454)
Partners' Equity    
Accumulated other comprehensive loss (25,495) (27,151)
Equity attributable to Tanger Factory Outlet Centers, Inc. 433,206 480,179
Noncontrolling interests in Operating Partnership 22,903 25,356
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 456,109 505,535
Total liabilities and equity 2,285,211 2,384,902
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 266,537 278,428
Buildings, improvements and fixtures 2,630,357 2,764,649
Construction in progress 0 3,102
Total rental property, at cost 2,896,894 3,046,179
Accumulated depreciation (1,009,951) (981,305)
Total rental property, net 1,886,943 2,064,874
Cash and cash equivalents 16,519 8,991
Investments in unconsolidated joint ventures 94,691 95,969
Deferred lease costs and other intangibles, net 96,712 116,874
Operating lease right-of-use assets 86,575 0
Prepaids and other assets 103,374 97,832
Total assets 2,284,814 2,384,540
Debt:    
Senior, unsecured notes, net 1,138,603 1,136,663
Unsecured term loans, net 347,367 346,799
Mortgages payable, net 83,803 87,471
Unsecured lines of credit, net 0 141,985
Total debt 1,569,773 1,712,918
Accounts payable and accrued expenses 79,165 82,314
Operating lease liabilities 91,237 0
Other liabilities 88,530 83,773
Total liabilities 1,828,705 1,879,005
Commitments and contingencies (Note 22)
Partners' Equity    
General partner, 1,000,000 units outstanding at December 31, 2019 and 2018 4,435 4,914
Limited partners, 4,911,173 and 4,960,684 Class A units and 91,892,260 and 92,941,783 Class B units outstanding at December 31, 2019 and 2018, respectively 478,562 529,252
Accumulated other comprehensive loss (26,888) (28,631)
Total partners' equity 456,109 505,535
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 456,109 505,535
Total liabilities and equity $ 2,284,814 $ 2,384,540