Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Rental property:    
Operating lease right-of-use assets $ 79,800 $ 81,500
Debt:    
Operating lease liabilities 88,874 90,100
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 268,269 265,968
Buildings, improvements and fixtures 2,532,489 2,527,404
Total rental property, at cost 2,800,758 2,793,372
Accumulated depreciation (1,145,388) (1,054,993)
Total rental property, net 1,655,370 1,738,379
Cash and cash equivalents 161,255 84,832
Investments in unconsolidated joint ventures 82,647 94,579
Deferred lease costs and other intangibles, net 73,720 84,960
Operating lease right-of-use assets 79,807 81,499
Prepaids and other assets 104,585 105,282
Total assets 2,157,384 2,189,531
Debt:    
Senior, unsecured notes, net 1,036,181 1,140,576
Unsecured term loans, net 298,421 347,370
Mortgages payable, net 62,474 79,940
Unsecured lines of credit 0 0
Total debt 1,397,076 1,567,886
Accounts payable and accrued expenses 92,995 88,253
Operating lease liabilities 88,874 90,105
Other liabilities 78,650 84,404
Total liabilities 1,657,595 1,830,648
Commitments and contingencies (Note 21)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 104,084,734 and 93,569,801 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 1,041 936
Paid in capital 978,054 787,143
Accumulated distributions in excess of net income (483,409) (420,104)
Partners' Equity    
Accumulated other comprehensive loss (17,761) (26,585)
Equity attributable to Tanger Factory Outlet Centers, Inc. 477,925 341,390
Noncontrolling interests in Operating Partnership 21,864 17,493
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 499,789 358,883
Total liabilities and equity 2,157,384 2,189,531
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 268,269 265,968
Buildings, improvements and fixtures 2,532,489 2,527,404
Total rental property, at cost 2,800,758 2,793,372
Accumulated depreciation (1,145,388) (1,054,993)
Total rental property, net 1,655,370 1,738,379
Cash and cash equivalents 161,152 84,750
Investments in unconsolidated joint ventures 82,647 94,579
Deferred lease costs and other intangibles, net 73,720 84,960
Operating lease right-of-use assets 79,807 81,499
Prepaids and other assets 104,362 104,800
Total assets 2,157,058 2,188,967
Debt:    
Senior, unsecured notes, net 1,036,181 1,140,576
Unsecured term loans, net 298,421 347,370
Mortgages payable, net 62,474 79,940
Unsecured lines of credit 0 0
Total debt 1,397,076 1,567,886
Accounts payable and accrued expenses 92,669 87,689
Operating lease liabilities 88,874 90,105
Other liabilities 78,650 84,404
Total liabilities 1,657,269 1,830,084
Commitments and contingencies (Note 21)
Partners' Equity    
General partner, 1,100,000 and 1,000,000 units outstanding at December 31, 2021 and December 31, 2020, respectively 4,539 3,334
Limited partners, 4,761,559 and 4,794,643 Class A common units, and 102,984,734 and 92,569,801 Class B common units outstanding at December 31, 2021 and December 31, 2020, respectively 514,023 383,588
Accumulated other comprehensive loss (18,773) (28,039)
Total partners' equity 499,789 358,883
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 499,789 358,883
Total liabilities and equity $ 2,157,058 $ 2,188,967