Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Tanger Factory Outlet Centers, Inc. [Member]    
Rental property:    
Land $ 265,714 $ 265,968
Buildings, improvements and fixtures 2,519,214 2,527,404
Rental property, at cost, total 2,784,928 2,793,372
Accumulated depreciation (1,078,999) (1,054,993)
Total rental property, net 1,705,929 1,738,379
Cash and cash equivalents 201,721 84,832
Investments in unconsolidated joint ventures 89,482 94,579
Deferred lease costs and other intangibles, net 81,807 84,960
Operating lease right-of-use assets 81,222 81,499
Prepaids and other assets 99,260 105,282
Total assets 2,259,421 2,189,531
Debt:    
Senior, unsecured notes, net 1,141,074 1,140,576
Unsecured term loan, net 322,753 347,370
Mortgages payable, net 78,933 79,940
Unsecured lines of credit 0 0
Total debt 1,542,760 1,567,886
Accounts payable and accrued expenses 68,084 88,253
Operating lease liabilities 89,870 90,105
Other liabilities 75,693 84,404
Total liabilities 1,776,407 1,830,648
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 100,794,577 and 93,569,801 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 1,008 936
Paid in capital 913,236 787,143
Accumulated distributions in excess of net income  (432,895) (420,104)
Partners’ Equity:    
Accumulated other comprehensive loss (20,268) (26,585)
Equity attributable to Tanger Factory Outlet Centers, Inc. 461,081 341,390
Noncontrolling interests in Operating Partnership 21,933 17,493
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 483,014 358,883
Total liabilities and equity 2,259,421 2,189,531
Tanger Properties Limited Partnership [Member]    
Rental property:    
Land 265,714 265,968
Buildings, improvements and fixtures 2,519,214 2,527,404
Rental property, at cost, total 2,784,928 2,793,372
Accumulated depreciation (1,078,999) (1,054,993)
Total rental property, net 1,705,929 1,738,379
Cash and cash equivalents 201,564 84,750
Investments in unconsolidated joint ventures 89,482 94,579
Deferred lease costs and other intangibles, net 81,807 84,960
Operating lease right-of-use assets 81,222 81,499
Prepaids and other assets 98,891 104,800
Total assets 2,258,895 2,188,967
Debt:    
Senior, unsecured notes, net 1,141,074 1,140,576
Unsecured term loan, net 322,753 347,370
Mortgages payable, net 78,933 79,940
Unsecured lines of credit 0 0
Total debt 1,542,760 1,567,886
Accounts payable and accrued expenses 67,558 87,689
Operating lease liabilities 89,870 90,105
Other liabilities 75,693 84,404
Total liabilities 1,775,881 1,830,084
Commitments and contingencies
Partners’ Equity:    
General partner, 1,100,000 units outstanding at March 31, 2021 and 1,000,000 at December 31, 2020, respectively 5,077 3,334
Limited partners, 4,794,643 and 4,794,643 Class A common units, and 99,694,577 and 92,569,801 Class B common units outstanding at March 31, 2021 and December 31, 2020, respectively 499,339 383,588
Accumulated other comprehensive loss (21,402) (28,039)
Total partners’ equity 483,014 358,883
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 483,014 358,883
Total liabilities and equity $ 2,258,895 $ 2,188,967