Tanger Inc. Annual report pursuant to Section 13 and 15(d)

Partners' Equity of the Operating Partnership (Tables)

12 Months Ended

Dec. 31, 2024

The following table sets forth the changes in outstanding partnership units for the years ended December 31, 2024, 2023 and 2022:


		Limited Partnership Units
	General partnership units	Class A	Class B	Total
Balance December 31, 2021	1,100,000	4,761,559	102,984,734	107,746,293
Units withheld for employee income taxes	—	—	(239,824)	(239,824)
Exchange of Class A limited partnership units	—	(23,577)	23,577	—
Grant of restricted common share awards by the Company, net of forfeitures	—	—	613,933	613,933


Options exercised	—	—	15,500	15,500
Balance December 31, 2022	1,100,000	4,737,982	103,397,920	108,135,902
Units withheld for employee income taxes	—	—	(379,512)	(379,512)
Exchange of Class A limited partnership units	—	(30,024)	30,024	—
Grant of restricted common share awards by the Company, net of forfeitures	—	—	1,064,400	1,064,400
Issuance of units	50,000	—	3,444,919	3,444,919
Options exercised	—	—	85,500	85,500
Balance December 31, 2023	1,150,000	4,707,958	107,643,251	112,351,209
Units withheld for employee income taxes	—	—	(419,643)	(419,643)

Grant of restricted common share awards by the Company, net of forfeitures	—	—	769,382	769,382
Issuance of units	100,000	—	3,274,184	3,274,184
Deferred Shares Issued	—	—	136,469	136,469
Options exercised	—	—	84,990	84,990

Balance December 31, 2024	1,250,000	4,707,958	111,488,633	116,196,591