Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Rental property:    
Land $ 275,081 $ 275,079
Buildings, improvements and fixtures 2,558,983 2,553,452
Construction in progress 54,623 27,340
Rental property, at cost, total 2,888,687 2,855,871
Accumulated depreciation (1,248,391) (1,224,962)
Total rental property, net 1,640,296 1,630,909
Cash and cash equivalents 202,821 212,124
Short-term investments 32,946 52,450
Investments in unconsolidated joint ventures 73,368 73,809
Deferred lease costs and other intangibles, net 56,818 58,574
Operating lease right-of-use assets 78,332 78,636
Prepaids and other assets 100,811 111,163
Total assets 2,185,392 2,217,665
Debt:    
Senior, unsecured notes, net 1,038,456 1,037,998
Unsecured term loan, net 321,736 321,525
Mortgages payable, net 67,749 68,971
Unsecured lines of credit 0 0
Total debt 1,427,941 1,428,494
Accounts payable and accrued expenses 79,401 104,741
Operating lease liabilities 87,234 87,528
Other liabilities 84,510 82,968
Total liabilities 1,679,086 1,703,731
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 105,316,253 and 104,497,920 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 1,053 1,045
Paid in capital 984,253 987,192
Accumulated distributions in excess of net income  (486,638) (485,557)
Accumulated other comprehensive loss (14,159) (11,037)
Equity attributable to Tanger Factory Outlet Centers, Inc. 484,509 491,643
Noncontrolling interests in Operating Partnership 21,797 22,291
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 506,306 513,934
Total liabilities and equity $ 2,185,392 $ 2,217,665