Quarterly report pursuant to Section 13 or 15(d)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Rental property:    
Land $ 303,605 $ 303,605
Buildings, improvements and fixtures 3,011,234 2,938,434
Construction in progress 9,421 29,201
Rental property, at cost, total 3,324,260 3,271,240
Accumulated depreciation (1,401,334) (1,318,264)
Total rental property, net 1,922,926 1,952,976
Cash and cash equivalents 11,053 12,778
Short-term investments 0 9,187
Investments in unconsolidated joint ventures 70,245 71,900
Deferred lease costs and other intangibles, net 77,508 91,269
Operating lease right-of-use assets 76,431 77,400
Prepaids and other assets 117,128 108,609
Total assets 2,275,291 2,324,119
Debt:    
Senior, unsecured notes, net 1,041,240 1,039,840
Unsecured term loan, net 322,967 322,322
Mortgages payable, net 60,186 64,041
Unsecured lines of credit 0 13,000
Total debt 1,424,393 1,439,203
Accounts payable and accrued expenses 86,761 118,505
Operating lease liabilities 85,079 86,076
Other liabilities 86,426 89,022
Total liabilities 1,682,659 1,732,806
Commitments and contingencies
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 110,208,387 and 108,793,251 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1,102 1,088
Paid in capital 1,102,443 1,079,387
Accumulated distributions in excess of net income  (507,833) (490,171)
Accumulated other comprehensive loss (27,418) (23,519)
Equity attributable to Tanger Inc. 568,294 566,785
Noncontrolling interests in Operating Partnership 24,338 24,528
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 592,632 591,313
Total liabilities and equity $ 2,275,291 $ 2,324,119