Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 266,537 $ 266,537
Buildings, improvements and fixtures 2,571,971 2,630,357
Rental property, at cost, total 2,838,508 2,896,894
Accumulated depreciation (1,032,784) (1,009,951)
Total rental property, net 1,805,724 1,886,943
Cash and cash equivalents 338,606 16,672
Investments in unconsolidated joint ventures 92,150 94,691
Deferred lease costs and other intangibles, net 94,757 96,712
Operating lease right-of-use assets 83,489 86,575
Prepaids and other assets 149,066 103,618
Total assets 2,563,792 2,285,211
Debt:    
Senior, unsecured notes, net 1,139,585 1,138,603
Unsecured term loan, net 347,003 347,367
Mortgages payable, net 81,897 83,803
Unsecured lines of credit, net 397,407 0
Total debt 1,965,892 1,569,773
Accounts payable and accrued expenses 70,895 79,562
Operating lease liabilities 90,793 91,237
Other liabilities 106,229 88,530
Total liabilities 2,233,809 1,829,102
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 93,472,267 and 92,892,260 shares issued and outstanding at June 30, 2020 and December 31 2019, respectively 935 929
Paid in capital 781,485 775,035
Accumulated distributions in excess of net income (433,396) (317,263)
Partners’ Equity:    
Accumulated other comprehensive loss (35,513) (25,495)
Equity attributable to Tanger Factory Outlet Centers, Inc. 313,511 433,206
Noncontrolling interests in Operating Partnership 16,472 22,903
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 329,983 456,109
Total liabilities and equity 2,563,792 2,285,211
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 266,537 266,537
Buildings, improvements and fixtures 2,571,971 2,630,357
Rental property, at cost, total 2,838,508 2,896,894
Accumulated depreciation (1,032,784) (1,009,951)
Total rental property, net 1,805,724 1,886,943
Cash and cash equivalents 338,426 16,519
Investments in unconsolidated joint ventures 92,150 94,691
Deferred lease costs and other intangibles, net 94,757 96,712
Operating lease right-of-use assets 83,489 86,575
Prepaids and other assets 148,931 103,374
Total assets 2,563,477 2,284,814
Debt:    
Senior, unsecured notes, net 1,139,585 1,138,603
Unsecured term loan, net 347,003 347,367
Mortgages payable, net 81,897 83,803
Unsecured lines of credit, net 397,407 0
Total debt 1,965,892 1,569,773
Accounts payable and accrued expenses 70,580 79,165
Operating lease liabilities 90,793 91,237
Other liabilities 106,229 88,530
Total liabilities 2,233,494 1,828,705
Commitments and contingencies
Partners’ Equity:    
General partner, 1,000,000 units outstanding at June 30, 2020 and December 31, 2019 3,192 4,435
Limited partners, 4,911,173 and 4,911,173 Class A common units, and 92,472,267 and 91,892,260 Class B common units outstanding at June 30, 2020 and December 31, 2019, respectively 364,229 478,562
Accumulated other comprehensive loss (37,438) (26,888)
Total partners’ equity 329,983 456,109
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 329,983 456,109
Total liabilities and equity $ 2,563,477 $ 2,284,814