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 ($)
shares in Thousands, $ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Rental property:    
Land $ 303,605 $ 303,605
Buildings, improvements and fixtures 2,944,077 2,938,434
Construction in progress 39,249 29,201
Rental property, at cost, total 3,286,931 3,271,240
Accumulated depreciation (1,347,011) (1,318,264)
Total rental property, net 1,939,920 1,952,976
Cash and cash equivalents 8,137 12,778
Short-term investments 7,739 9,187
Investments in unconsolidated joint ventures 71,701 71,900
Deferred lease costs and other intangibles, net 86,436 91,269
Operating lease right-of-use assets 77,082 77,400
Prepaids and other assets 110,151 108,609
Total assets 2,301,166 2,324,119
Debt:    
Senior, unsecured notes, net 1,040,310 1,039,840
Unsecured term loan, net 322,537 322,322
Mortgages payable, net 62,772 64,041
Unsecured lines of credit 46,000 13,000
Total debt 1,471,619 1,439,203
Accounts payable and accrued expenses 77,922 118,505
Operating lease liabilities 85,757 86,076
Other liabilities 86,145 89,022
Total liabilities 1,721,443 1,732,806
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (21,280) (23,519)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,301,166 2,324,119
Tanger Properties Limited Partnership    
Rental property:    
Land 303,605 303,605
Buildings, improvements and fixtures 2,944,077 2,938,434
Construction in progress 39,249 29,201
Rental property, at cost, total 3,286,931 3,271,240
Accumulated depreciation (1,347,011) (1,318,264)
Total rental property, net 1,939,920 1,952,976
Cash and cash equivalents 7,758 12,572
Short-term investments 7,739 9,187
Investments in unconsolidated joint ventures 71,701 71,900
Deferred lease costs and other intangibles, net 86,436 91,269
Operating lease right-of-use assets 77,082 77,400
Prepaids and other assets 110,096 108,157
Total assets 2,300,732 2,323,461
Debt:    
Senior, unsecured notes, net 1,040,310 1,039,840
Unsecured term loan, net 322,537 322,322
Mortgages payable, net 62,772 64,041
Unsecured lines of credit 46,000 13,000
Total debt 1,471,619 1,439,203
Accounts payable and accrued expenses 77,488 117,847
Operating lease liabilities 85,757 86,076
Other liabilities 86,145 89,022
Total liabilities 1,721,009 1,732,148
Commitments and contingencies
Partners’ Equity:    
General partner, 1,150,000 units outstanding at March 31, 2024 and 1,150,000 units at December 31, 2023, respectively 5,713 5,776
Limited partners, 4,707,958 and 4,707,958 Class A common units, and 108,216,452 and 107,643,251 Class B common units outstanding at March 31, 2024 and December 31, 2023, respectively 596,468 610,330
Accumulated other comprehensive loss (22,458) (24,793)
Total partners’ equity 579,723 591,313
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 579,723 591,313
Total liabilities and equity $ 2,300,732 $ 2,323,461
General partner units, outstanding (in units) 1,150 1,150