Current report filing

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

v3.23.3
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Rental property:    
Land $ 275,081 $ 275,079
Buildings, improvements and fixtures 2,575,872 2,553,452
Construction in progress 128,361 27,340
Rental property, at cost, total 2,979,314 2,855,871
Accumulated depreciation (1,295,139) (1,224,962)
Total rental property, net 1,684,175 1,630,909
Cash and cash equivalents 188,459 212,124
Short-term investments 13,150 52,450
Investments in unconsolidated joint ventures 72,313 73,809
Deferred lease costs and other intangibles, net 54,096 58,574
Operating lease right-of-use assets 77,715 78,636
Prepaids and other assets 115,395 111,163
Total assets 2,205,303 2,217,665
Debt:    
Senior, unsecured notes, net 1,039,377 1,037,998
Unsecured term loan, net 322,162 321,525
Mortgages payable, net 65,293 68,971
Unsecured lines of credit 0 0
Total debt 1,426,832 1,428,494
Accounts payable and accrued expenses 99,041 104,741
Operating lease liabilities 86,621 87,528
Other liabilities 80,379 82,968
Total liabilities 1,692,873 1,703,731
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 105,331,191 and 104,497,920 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 1,053 1,045
Paid in capital 992,901 987,192
Accumulated distributions in excess of net income  (486,488) (485,557)
Accumulated other comprehensive loss (16,795) (11,037)
Equity attributable to Tanger Factory Outlet Centers, Inc. 490,671 491,643
Noncontrolling interests in Operating Partnership 21,759 22,291
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 512,430 513,934
Total liabilities and equity $ 2,205,303 $ 2,217,665