Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Rental property:    
Land $ 303,605 $ 303,605
Buildings, improvements and fixtures 3,011,234 2,938,434
Construction in progress 9,421 29,201
Rental property, at cost, total 3,324,260 3,271,240
Accumulated depreciation (1,401,334) (1,318,264)
Total rental property, net 1,922,926 1,952,976
Cash and cash equivalents 11,053 12,778
Short-term investments 0 9,187
Investments in unconsolidated joint ventures 70,245 71,900
Deferred lease costs and other intangibles, net 77,508 91,269
Operating lease right-of-use assets 76,431 77,400
Prepaids and other assets 117,128 108,609
Total assets 2,275,291 2,324,119
Debt:    
Senior, unsecured notes, net 1,041,240 1,039,840
Unsecured term loan, net 322,967 322,322
Mortgages payable, net 60,186 64,041
Unsecured lines of credit 0 13,000
Total debt 1,424,393 1,439,203
Accounts payable and accrued expenses 86,761 118,505
Operating lease liabilities 85,079 86,076
Other liabilities 86,426 89,022
Total liabilities 1,682,659 1,732,806
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (27,418) (23,519)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,275,291 2,324,119
Tanger Properties Limited Partnership    
Rental property:    
Land 303,605 303,605
Buildings, improvements and fixtures 3,011,234 2,938,434
Construction in progress 9,421 29,201
Rental property, at cost, total 3,324,260 3,271,240
Accumulated depreciation (1,401,334) (1,318,264)
Total rental property, net 1,922,926 1,952,976
Cash and cash equivalents 10,830 12,572
Short-term investments 0 9,187
Investments in unconsolidated joint ventures 70,245 71,900
Deferred lease costs and other intangibles, net 77,508 91,269
Operating lease right-of-use assets 76,431 77,400
Prepaids and other assets 116,714 108,157
Total assets 2,274,654 2,323,461
Debt:    
Senior, unsecured notes, net 1,041,240 1,039,840
Unsecured term loan, net 322,967 322,322
Mortgages payable, net 60,186 64,041
Unsecured lines of credit 0 13,000
Total debt 1,424,393 1,439,203
Accounts payable and accrued expenses 86,124 117,847
Operating lease liabilities 85,079 86,076
Other liabilities 86,426 89,022
Total liabilities 1,682,022 1,732,148
Commitments and contingencies
Partners’ Equity:    
General partner, 1,150,000 units outstanding at September 30, 2024 and 1,150,000 units outstanding at December 31, 2023, respectively 5,599 5,776
Limited partners, 4,707,958 and 4,707,958 Class A common units, and 109,058,387 and 107,643,251 Class B common units outstanding at September 30, 2024 and December 31, 2023, respectively 615,884 610,330
Accumulated other comprehensive loss (28,851) (24,793)
Total partners’ equity 592,632 591,313
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 592,632 591,313
Total liabilities and equity $ 2,274,654 $ 2,323,461
General partner units, outstanding (in units) 1,150 1,150