Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 266,537 $ 266,537
Buildings, improvements and fixtures 2,564,224 2,630,357
Rental property, at cost, total 2,830,761 2,896,894
Accumulated depreciation (1,007,922) (1,009,951)
Total rental property, net 1,822,839 1,886,943
Cash and cash equivalents 600,454 16,672
Investments in unconsolidated joint ventures 86,478 94,691
Deferred lease costs and other intangibles, net 97,560 96,712
Operating lease right-of-use assets 83,764 86,575
Prepaids and other assets 100,674 103,618
Total assets 2,791,769 2,285,211
Debt:    
Senior, unsecured notes, net 1,139,093 1,138,603
Unsecured term loan, net 347,531 347,367
Mortgages payable, net 82,856 83,803
Unsecured lines of credit, net 598,074 0
Total debt 2,167,554 1,569,773
Accounts payable and accrued expenses 90,659 79,562
Operating lease liabilities 91,017 91,237
Other liabilities 94,881 88,530
Total liabilities 2,444,111 1,829,102
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $.01 par value, 300,000,000 shares authorized, 93,076,701 and 92,892,260 shares issued and outstanding at March 31, 2020 and December 31 2019, respectively 931 929
Paid in capital 778,062 775,035
Accumulated distributions in excess of net income (410,532) (317,263)
Partners’ Equity:    
Accumulated other comprehensive loss (38,228) (25,495)
Equity attributable to Tanger Factory Outlet Centers, Inc. 330,233 433,206
Noncontrolling interests in Operating Partnership 17,425 22,903
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 347,658 456,109
Total liabilities and equity 2,791,769 2,285,211
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 266,537 266,537
Buildings, improvements and fixtures 2,564,224 2,630,357
Rental property, at cost, total 2,830,761 2,896,894
Accumulated depreciation (1,007,922) (1,009,951)
Total rental property, net 1,822,839 1,886,943
Cash and cash equivalents 600,359 16,519
Investments in unconsolidated joint ventures 86,478 94,691
Deferred lease costs and other intangibles, net 97,560 96,712
Operating lease right-of-use assets 83,764 86,575
Prepaids and other assets 100,088 103,374
Total assets 2,791,088 2,284,814
Debt:    
Senior, unsecured notes, net 1,139,093 1,138,603
Unsecured term loan, net 347,531 347,367
Mortgages payable, net 82,856 83,803
Unsecured lines of credit, net 598,074 0
Total debt 2,167,554 1,569,773
Accounts payable and accrued expenses 89,978 79,165
Operating lease liabilities 91,017 91,237
Other liabilities 94,881 88,530
Total liabilities 2,443,430 1,828,705
Commitments and contingencies
Partners’ Equity:    
General partner, 1,000,000 units outstanding at March 31, 2020 and December 31, 2019 3,433 4,435
Limited partners, 4,911,173 and 4,911,173 Class A common units, and 92,076,701 and 91,892,260 Class B common units outstanding at March 31, 2020 and December 31, 2019, respectively 384,522 478,562
Accumulated other comprehensive loss (40,297) (26,888)
Total partners’ equity 347,658 456,109
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 347,658 456,109
Total liabilities and equity $ 2,791,088 $ 2,284,814