Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Debt:    
Operating lease liabilities $ 90,105  
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land 265,968 $ 266,537
Buildings, improvements and fixtures 2,527,404 2,630,357
Total rental property, at cost 2,793,372 2,896,894
Accumulated depreciation (1,054,993) (1,009,951)
Total rental property, net 1,738,379 1,886,943
Cash and cash equivalents 84,832 16,672
Investments in unconsolidated joint ventures 94,579 94,691
Deferred lease costs and other intangibles, net 84,960 96,712
Operating lease right-of-use assets 81,499 86,575
Prepaids and other assets 105,282 103,618
Total assets 2,189,531 2,285,211
Debt:    
Senior, unsecured notes, net 1,140,576 1,138,603
Unsecured term loans, net 347,370 347,367
Mortgages payable, net 79,940 83,803
Unsecured lines of credit 0 0
Total debt 1,567,886 1,569,773
Accounts payable and accrued expenses 88,253 79,562
Operating lease liabilities 90,105 91,237
Other liabilities 84,404 88,530
Total liabilities 1,830,648 1,829,102
Commitments and contingencies (Note 21)
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 93,569,801 and 92,892,260 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 936 929
Paid in capital 787,143 775,035
Accumulated distributions in excess of net income (420,104) (317,263)
Partners' Equity    
Accumulated other comprehensive loss (26,585) (25,495)
Equity attributable to Tanger Factory Outlet Centers, Inc. 341,390 433,206
Noncontrolling interests in Operating Partnership 17,493 22,903
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 358,883 456,109
Total liabilities and equity 2,189,531 2,285,211
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 265,968 266,537
Buildings, improvements and fixtures 2,527,404 2,630,357
Total rental property, at cost 2,793,372 2,896,894
Accumulated depreciation (1,054,993) (1,009,951)
Total rental property, net 1,738,379 1,886,943
Cash and cash equivalents 84,750 16,519
Investments in unconsolidated joint ventures 94,579 94,691
Deferred lease costs and other intangibles, net 84,960 96,712
Operating lease right-of-use assets 81,499 86,575
Prepaids and other assets 104,800 103,374
Total assets 2,188,967 2,284,814
Debt:    
Senior, unsecured notes, net 1,140,576 1,138,603
Unsecured term loans, net 347,370 347,367
Mortgages payable, net 79,940 83,803
Unsecured lines of credit 0 0
Total debt 1,567,886 1,569,773
Accounts payable and accrued expenses 87,689 79,165
Operating lease liabilities 90,105 91,237
Other liabilities 84,404 88,530
Total liabilities 1,830,084 1,828,705
Commitments and contingencies (Note 21)
Partners' Equity    
General partner, 1,000,000 units outstanding at December 31, 2020 and December 31, 2019 3,334 4,435
Limited partners, 4,794,643 and 4,911,173 Class A common units, and 92,569,801 and 91,892,260 Class B common units outstanding at December 31, 2020 and December 31, 2019, respectively 383,588 478,562
Accumulated other comprehensive loss (28,039) (26,888)
Total partners' equity 358,883 456,109
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 358,883 456,109
Total liabilities and equity $ 2,188,967 $ 2,284,814