Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 266,014 $ 266,537
Buildings, improvements and fixtures 2,545,111 2,630,357
Rental property, at cost, total 2,811,125 2,896,894
Accumulated depreciation (1,034,670) (1,009,951)
Total rental property, net 1,776,455 1,886,943
Cash and cash equivalents 19,793 16,672
Investments in unconsolidated joint ventures 92,537 94,691
Deferred lease costs and other intangibles, net 88,183 96,712
Operating lease right-of-use assets 83,210 86,575
Prepaids and other assets 125,297 103,618
Total assets 2,185,475 2,285,211
Debt:    
Senior, unsecured notes, net 1,140,080 1,138,603
Unsecured term loan, net 347,213 347,367
Mortgages payable, net 80,924 83,803
Unsecured lines of credit, net 0 0
Total debt 1,568,217 1,569,773
Accounts payable and accrued expenses 85,712 79,562
Operating lease liabilities 90,566 91,237
Other liabilities 91,495 88,530
Total liabilities 1,835,990 1,829,102
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 93,453,271 and 92,892,260 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 935 929
Paid in capital 783,815 775,035
Accumulated distributions in excess of net income  (420,367) (317,263)
Partners’ Equity:    
Accumulated other comprehensive loss (32,347) (25,495)
Equity attributable to Tanger Factory Outlet Centers, Inc. 332,036 433,206
Noncontrolling interests in Operating Partnership 17,449 22,903
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 349,485 456,109
Total liabilities and equity 2,185,475 2,285,211
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 266,014 266,537
Buildings, improvements and fixtures 2,545,111 2,630,357
Rental property, at cost, total 2,811,125 2,896,894
Accumulated depreciation (1,034,670) (1,009,951)
Total rental property, net 1,776,455 1,886,943
Cash and cash equivalents 19,712 16,519
Investments in unconsolidated joint ventures 92,537 94,691
Deferred lease costs and other intangibles, net 88,183 96,712
Operating lease right-of-use assets 83,210 86,575
Prepaids and other assets 125,130 103,374
Total assets 2,185,227 2,284,814
Debt:    
Senior, unsecured notes, net 1,140,080 1,138,603
Unsecured term loan, net 347,213 347,367
Mortgages payable, net 80,924 83,803
Unsecured lines of credit, net 0 0
Total debt 1,568,217 1,569,773
Accounts payable and accrued expenses 85,464 79,165
Operating lease liabilities 90,566 91,237
Other liabilities 91,495 88,530
Total liabilities 1,835,742 1,828,705
Commitments and contingencies
Partners’ Equity:    
General partner, 1,000,000 units outstanding at September 30, 2020 and December 31, 2019 3,331 4,435
Limited partners, 4,911,173 and 4,911,173 Class A common units, and 92,453,271 and 91,892,260 Class B common units outstanding at September 30, 2020 and December 31, 2019, respectively 380,259 478,562
Accumulated other comprehensive loss (34,105) (26,888)
Total partners’ equity 349,485 456,109
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 349,485 456,109
Total liabilities and equity $ 2,185,227 $ 2,284,814