Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Rental property:    
Operating lease right-of-use assets $ 76,100 $ 77,400
Debt:    
Operating lease liabilities 84,499 86,100
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 311,355 303,605
Buildings, improvements and fixtures 3,089,239 2,938,434
Construction in progress 7,453 29,201
Total rental property, at cost 3,408,047 3,271,240
Accumulated depreciation (1,428,017) (1,318,264)
Total rental property, net 1,980,030 1,952,976
Cash and cash equivalents 46,992 12,778
Short-term investments 0 9,187
Investments in unconsolidated joint ventures 65,665 71,900
Deferred lease costs and other intangibles, net 85,028 91,269
Operating lease right-of-use assets 76,099 77,400
Prepaids and other assets 127,369 108,609
Total assets 2,381,183 2,324,119
Debt:    
Senior, unsecured notes, net 1,041,710 1,039,840
Unsecured term loans, net 323,182 322,322
Mortgages payable, net 58,867 64,041
Unsecured lines of credit 0 13,000
Total debt 1,423,759 1,439,203
Accounts payable and accrued expenses 107,775 118,505
Operating lease liabilities 84,499 86,076
Other liabilities 85,476 89,022
Total liabilities 1,701,509 1,732,806
Commitments and contingencies (Note 22)
Common shares, outstanding 112,738,633 108,793,251
Common shares, issued 112,738,633 108,793,251
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 112,738,633 and 108,793,251 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively $ 1,127 $ 1,088
Paid in capital 1,190,746 1,079,387
Accumulated distributions in excess of net income (511,816) (490,171)
Partners' Equity    
Accumulated other comprehensive loss (27,687) (23,519)
Equity attributable to Tanger Inc. 652,370 566,785
Noncontrolling interests in Operating Partnership 27,304 24,528
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 679,674 591,313
Total liabilities and equity 2,381,183 2,324,119
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 311,355 303,605
Buildings, improvements and fixtures 3,089,239 2,938,434
Construction in progress 7,453 29,201
Total rental property, at cost 3,408,047 3,271,240
Accumulated depreciation (1,428,017) (1,318,264)
Total rental property, net 1,980,030 1,952,976
Cash and cash equivalents 46,700 12,572
Short-term investments 0 9,187
Investments in unconsolidated joint ventures 65,665 71,900
Deferred lease costs and other intangibles, net 85,028 91,269
Operating lease right-of-use assets 76,099 77,400
Prepaids and other assets 126,852 108,157
Total assets 2,380,374 2,323,461
Debt:    
Senior, unsecured notes, net 1,041,710 1,039,840
Unsecured term loans, net 323,182 322,322
Mortgages payable, net 58,867 64,041
Unsecured lines of credit 0 13,000
Total debt 1,423,759 1,439,203
Accounts payable and accrued expenses 106,966 117,847
Operating lease liabilities 84,499 86,076
Other liabilities 85,476 89,022
Total liabilities 1,700,700 1,732,148
Commitments and contingencies (Note 22)
General partnership units 1,250,000 1,150,000
Partners' Equity    
General partner, 1,250,000 and 1,150,000 units outstanding at December 31, 2024 and December 31, 2023, respectively $ 9,094 $ 5,776
Limited partners, 4,707,958 and 4,707,958 Class A common units, and 111,488,633 and 107,643,251 Class B common units outstanding at December 31, 2024 and December 31, 2023, respectively 699,711 610,330
Accumulated other comprehensive loss (29,131) (24,793)
Total partners' equity 679,674 591,313
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 679,674 591,313
Total liabilities and equity $ 2,380,374 $ 2,323,461
Tanger Properties Limited Partnership [Member] | Class A Limited Partnership Units [Member]    
Debt:    
Limited partnership units 4,707,958 4,707,958
Tanger Properties Limited Partnership [Member] | Class B Limited Partnership Units [Member]    
Debt:    
Limited partnership units 111,488,633 107,643,251