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
Jun. 30, 2023
Dec. 31, 2022
Rental property:    
Land $ 275,081 $ 275,079
Buildings, improvements and fixtures 2,564,722 2,553,452
Construction in progress 88,788 27,340
Rental property, at cost, total 2,928,591 2,855,871
Accumulated depreciation (1,271,635) (1,224,962)
Total rental property, net 1,656,956 1,630,909
Cash and cash equivalents 213,002 212,124
Short-term investments 15,370 52,450
Investments in unconsolidated joint ventures 74,460 73,809
Deferred lease costs and other intangibles, net 55,588 58,574
Operating lease right-of-use assets 78,025 78,636
Prepaids and other assets 102,547 111,163
Total assets 2,195,948 2,217,665
Debt:    
Senior, unsecured notes, net 1,038,915 1,037,998
Unsecured term loan, net 321,947 321,525
Mortgages payable, net 66,529 68,971
Unsecured lines of credit 0 0
Total debt 1,427,391 1,428,494
Accounts payable and accrued expenses 91,897 104,741
Operating lease liabilities 86,929 87,528
Other liabilities 81,988 82,968
Total liabilities 1,688,205 1,703,731
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 105,185,781 and 104,497,920 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 1,052 1,045
Paid in capital 986,472 987,192
Accumulated distributions in excess of net income  (488,273) (485,557)
Accumulated other comprehensive loss (13,342) (11,037)
Equity attributable to Tanger Factory Outlet Centers, Inc. 485,909 491,643
Noncontrolling interests in Operating Partnership 21,834 22,291
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 507,743 513,934
Total liabilities and equity $ 2,195,948 $ 2,217,665