Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Rental property:    
Land $ 277,041 $ 268,269
Buildings, improvements and fixtures 2,537,507 2,532,489
Construction in progress 13,346 0
Rental property, at cost, total 2,827,894 2,800,758
Accumulated depreciation (1,189,576) (1,145,388)
Total rental property, net 1,638,318 1,655,370
Cash and cash equivalents 194,190 161,255
Investments in unconsolidated joint ventures 80,041 82,647
Deferred lease costs and other intangibles, net 67,482 73,720
Operating lease right-of-use assets 79,228 79,807
Prepaids and other assets 95,986 104,585
Total assets 2,155,245 2,157,384
Debt:    
Senior, unsecured notes, net 1,037,086 1,036,181
Unsecured term loan, net 298,783 298,421
Mortgages payable, net 60,146 62,474
Unsecured lines of credit 0 0
Total debt 1,396,015 1,397,076
Accounts payable and accrued expenses 76,512 92,995
Operating lease liabilities 88,330 88,874
Other liabilities 81,813 78,650
Total liabilities 1,642,670 1,657,595
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (9,420) (17,761)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,155,245 2,157,384
Tanger Properties Limited Partnership    
Rental property:    
Land 277,041 268,269
Buildings, improvements and fixtures 2,537,507 2,532,489
Construction in progress 13,346 0
Rental property, at cost, total 2,827,894 2,800,758
Accumulated depreciation (1,189,576) (1,145,388)
Total rental property, net 1,638,318 1,655,370
Cash and cash equivalents 194,208 161,152
Investments in unconsolidated joint ventures 80,041 82,647
Deferred lease costs and other intangibles, net 67,482 73,720
Operating lease right-of-use assets 79,228 79,807
Prepaids and other assets 95,641 104,362
Total assets 2,154,918 2,157,058
Debt:    
Senior, unsecured notes, net 1,037,086 1,036,181
Unsecured term loan, net 298,783 298,421
Mortgages payable, net 60,146 62,474
Unsecured lines of credit 0 0
Total debt 1,396,015 1,397,076
Accounts payable and accrued expenses 76,185 92,669
Operating lease liabilities 88,330 88,874
Other liabilities 81,813 78,650
Total liabilities 1,642,343 1,657,269
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at June 30, 2022 and 1,100,000 units at December 31, 2021, respectively 4,543 4,539
Limited partners, 4,761,559 and 4,761,559 Class A common units, and 103,294,792 and 102,984,734 Class B common units outstanding at June 30, 2022 and December 31, 2021, respectively 518,081 514,023
Accumulated other comprehensive loss (10,049) (18,773)
Total partners’ equity 512,575 499,789
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 512,575 499,789
Total liabilities and equity $ 2,154,918 $ 2,157,058