Quarterly report pursuant to Section 13 or 15(d)

Partners' Equity of the Operating Partnership

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Partners' Equity of the Operating Partnership
 6 Months Ended
Jun. 30, 2021
Tanger Properties Limited Partnership [Member]  
Schedule of Partners' Equity of the Operating Partnership [Line Items]  
Partners' Equity of the Operating Partnership Partners’ Equity of the Operating Partnership
All units of partnership interest issued by the Operating Partnership have equal rights with respect to earnings, dividends and net assets. When the Company issues common shares upon the exercise of options, the grant of restricted common share awards, or the exchange of Class A common limited partnership units, the Operating Partnership issues a corresponding Class B common limited partnership unit to Tanger LP Trust, a wholly-owned subsidiary of the Company. Likewise, when the Company repurchases its outstanding common shares, the Operating Partnership repurchases a corresponding Class B common limited partnership unit held by Tanger LP Trust.

The following table sets forth the changes in outstanding partnership units for the six months ended June 30, 2021 and June 30, 2020:
Limited Partnership Units
General Partnership Units Class A Class B Total
Balance March 31, 2020 1,000,000  4,911,173  92,076,701  96,987,874 
Grant of restricted common share awards by the Company, net of forfeitures —  —  389,308  389,308 
Issuance of deferred units —  —  6,258  6,258 
Balance June 30, 2020 1,000,000  4,911,173  92,472,267  97,383,440 
Balance December 31, 2019 1,000,000  4,911,173  91,892,260  96,803,433 
Grant of restricted common share awards by the Company, net of forfeitures —  —  630,346  630,346 
Issuance of deferred units —  —  6,258  6,258 
Units withheld for employee income taxes —  —  (56,597) (56,597)
Balance June 30, 2020 1,000,000  4,911,173  92,472,267  97,383,440 
Balance March 31, 2021 1,100,000  4,794,643  99,694,577  104,489,220 
Options exercised —  —  15,500  15,500 
Issuance of units —  —  2,810,503  2,810,503 
Balance June 30, 2021 1,100,000  4,794,643  102,520,580  107,315,223 
Balance December 31, 2020 1,000,000  4,794,643  92,569,801  97,364,444 
Options exercised —  —  15,500  15,500 
Grant of restricted common share awards by the Company, net of forfeitures —  —  469,675  469,675 
Issuance of units 100,000  —  9,577,581  9,577,581 
Units withheld for employee income taxes —  —  (111,977) (111,977)
Balance June 30, 2021 1,100,000  4,794,643  102,520,580  107,315,223