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, 2024
Dec. 31, 2023
Rental property:    
Land $ 303,605 $ 303,605
Buildings, improvements and fixtures 2,944,077 2,938,434
Construction in progress 39,249 29,201
Rental property, at cost, total 3,286,931 3,271,240
Accumulated depreciation (1,347,011) (1,318,264)
Total rental property, net 1,939,920 1,952,976
Cash and cash equivalents 8,137 12,778
Short-term investments 7,739 9,187
Investments in unconsolidated joint ventures 71,701 71,900
Deferred lease costs and other intangibles, net 86,436 91,269
Operating lease right-of-use assets 77,082 77,400
Prepaids and other assets 110,151 108,609
Total assets 2,301,166 2,324,119
Debt:    
Senior, unsecured notes, net 1,040,310 1,039,840
Unsecured term loan, net 322,537 322,322
Mortgages payable, net 62,772 64,041
Unsecured lines of credit 46,000 13,000
Total debt 1,471,619 1,439,203
Accounts payable and accrued expenses 77,922 118,505
Operating lease liabilities 85,757 86,076
Other liabilities 86,145 89,022
Total liabilities 1,721,443 1,732,806
Commitments and contingencies
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 109,366,452 and 108,793,251 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 1,094 1,088
Paid in capital 1,073,313 1,079,387
Accumulated distributions in excess of net income  (497,330) (490,171)
Accumulated other comprehensive loss (21,280) (23,519)
Equity attributable to Tanger Inc. 555,797 566,785
Noncontrolling interests in Operating Partnership 23,926 24,528
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 579,723 591,313
Total liabilities and equity $ 2,301,166 $ 2,324,119