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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Rental property:    
Land $ 332,010 $ 311,355
Buildings, improvements and fixtures 3,173,065 3,089,239
Construction in progress 8,531 7,453
Rental property, at cost, total 3,513,606 3,408,047
Accumulated depreciation (1,423,009) (1,428,017)
Total rental property, net 2,090,597 1,980,030
Cash and cash equivalents 10,156 46,992
Rental property held for sale 16,628 0
Investments in unconsolidated joint ventures 64,482 65,665
Deferred lease costs and other intangibles, net 104,792 85,028
Operating lease right-of-use assets 75,762 76,099
Prepaids and other assets 115,442 127,369
Total assets 2,477,859 2,381,183
Debt:    
Senior, unsecured notes, net 1,042,182 1,041,710
Unsecured term loan, net 323,402 323,182
Mortgages payable, net 58,506 58,867
Unsecured lines of credit 139,000 0
Total debt 1,563,090 1,423,759
Accounts payable and accrued expenses 75,075 107,775
Operating lease liabilities 84,144 84,499
Other liabilities 95,537 85,476
Total liabilities 1,817,846 1,701,509
Commitments and contingencies
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 113,173,206 and 112,738,633 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,132 1,127
Paid in capital 1,187,104 1,190,746
Accumulated distributions in excess of net income  (524,846) (511,816)
Accumulated other comprehensive loss (29,495) (27,687)
Equity attributable to Tanger Inc. 633,895 652,370
Noncontrolling interests in Operating Partnership 26,118 27,304
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 660,013 679,674
Total liabilities and equity $ 2,477,859 $ 2,381,183