Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

v3.23.2
TANGER PROPERTIES LIMITED PARTNERSHIP 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
Partners’ Equity:    
Accumulated other comprehensive loss (13,342) (11,037)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,195,948 2,217,665
Tanger Properties Limited Partnership    
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 212,842 212,011
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 102,277 110,622
Total assets 2,195,518 2,217,011
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 91,467 104,087
Operating lease liabilities 86,929 87,528
Other liabilities 81,988 82,968
Total liabilities 1,687,775 1,703,077
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at June 30, 2023 and 1,100,000 units at December 31, 2022, respectively 4,503 4,516
Limited partners, 4,737,982 and 4,737,982 Class A common units, and 104,085,781 and 103,397,920 Class B common units outstanding at June 30, 2023 and December 31, 2022, respectively 517,400 521,168
Accumulated other comprehensive loss (14,160) (11,750)
Total partners’ equity 507,743 513,934
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 507,743 513,934
Total liabilities and equity $ 2,195,518 $ 2,217,011