Quarterly report pursuant to Section 13 or 15(d)

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Rental property:    
Land $ 275,081 $ 275,079
Buildings, improvements and fixtures 2,558,983 2,553,452
Construction in progress 54,623 27,340
Rental property, at cost, total 2,888,687 2,855,871
Accumulated depreciation (1,248,391) (1,224,962)
Total rental property, net 1,640,296 1,630,909
Cash and cash equivalents 202,821 212,124
Short-term investments 32,946 52,450
Investments in unconsolidated joint ventures 73,368 73,809
Deferred lease costs and other intangibles, net 56,818 58,574
Operating lease right-of-use assets 78,332 78,636
Prepaids and other assets 100,811 111,163
Total assets 2,185,392 2,217,665
Debt:    
Senior, unsecured notes, net 1,038,456 1,037,998
Unsecured term loan, net 321,736 321,525
Mortgages payable, net 67,749 68,971
Unsecured lines of credit 0 0
Total debt 1,427,941 1,428,494
Accounts payable and accrued expenses 79,401 104,741
Operating lease liabilities 87,234 87,528
Other liabilities 84,510 82,968
Total liabilities 1,679,086 1,703,731
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (14,159) (11,037)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,185,392 2,217,665
Tanger Properties Limited Partnership    
Rental property:    
Land 275,081 275,079
Buildings, improvements and fixtures 2,558,983 2,553,452
Construction in progress 54,623 27,340
Rental property, at cost, total 2,888,687 2,855,871
Accumulated depreciation (1,248,391) (1,224,962)
Total rental property, net 1,640,296 1,630,909
Cash and cash equivalents 202,629 212,011
Short-term investments 32,946 52,450
Investments in unconsolidated joint ventures 73,368 73,809
Deferred lease costs and other intangibles, net 56,818 58,574
Operating lease right-of-use assets 78,332 78,636
Prepaids and other assets 100,186 110,622
Total assets 2,184,575 2,217,011
Debt:    
Senior, unsecured notes, net 1,038,456 1,037,998
Unsecured term loan, net 321,736 321,525
Mortgages payable, net 67,749 68,971
Unsecured lines of credit 0 0
Total debt 1,427,941 1,428,494
Accounts payable and accrued expenses 78,584 104,087
Operating lease liabilities 87,234 87,528
Other liabilities 84,510 82,968
Total liabilities 1,678,269 1,703,077
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at March 31, 2023 and 1,100,000 units at December 31, 2022, respectively 4,520 4,516
Limited partners, 4,737,982 and 4,737,982 Class A common units, and 104,216,253 and 103,397,920 Class B common units outstanding at March 31, 2023 and December 31, 2022, respectively 516,800 521,168
Accumulated other comprehensive loss (15,014) (11,750)
Total partners’ equity 506,306 513,934
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 506,306 513,934
Total liabilities and equity $ 2,184,575 $ 2,217,011