Current report filing

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

v3.23.3
TANGER PROPERTIES LIMITED PARTNERSHIP 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
Partners’ Equity:    
Accumulated other comprehensive loss (16,795) (11,037)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,205,303 2,217,665
Tanger Properties Limited Partnership    
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 188,103 212,011
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 115,256 110,622
Total assets 2,204,808 2,217,011
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 98,546 104,087
Operating lease liabilities 86,621 87,528
Other liabilities 80,379 82,968
Total liabilities 1,692,378 1,703,077
Commitments and contingencies
Partners’ Equity:    
General partner, 1,105,000 units outstanding at September 30, 2023 and 1,100,000 units at December 31, 2022, respectively 4,644 4,516
Limited partners, 4,737,982 and 4,737,982 Class A common units, and 104,226,191 and 103,397,920 Class B common units outstanding at September 30, 2023 and December 31, 2022, respectively 525,556 521,168
Accumulated other comprehensive loss (17,770) (11,750)
Total partners’ equity 512,430 513,934
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 512,430 513,934
Total liabilities and equity $ 2,204,808 $ 2,217,011