v3.25.1
Accumulated Other Comprehensive Income (Loss) of the Company
3 Months Ended
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income (Loss) of the Company Accumulated Other Comprehensive Income (Loss) of the Company
The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2025 and 2024 (in thousands):

Tanger Inc. Accumulated Other Comprehensive Income (Loss)Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
Foreign CurrencyCash flow hedgesTotalForeign CurrencyCash flow hedgesTotal
Balance December 31, 2024$(27,885)$198 $(27,687)$(1,451)$$(1,447)
Other comprehensive income before reclassifications(612)— (612)(22)— (22)
Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges— (1,196)(1,196)— (52)(52)
Balance March 31, 2025$(28,497)$(998)$(29,495)$(1,473)$(48)$(1,521)
Tanger Inc. Accumulated Other Comprehensive Income (Loss)Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
Foreign CurrencyCash flow hedgesTotalForeign CurrencyCash flow hedgesTotal
Balance December 31, 2023$(23,085)$(434)$(23,519)$(1,293)$19 $(1,274)
Other comprehensive income before reclassifications(838)— (838)(36)— (36)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
— 3,077 3,077 — 131 131 
Balance March 31, 2024$(23,923)$2,643 $(21,280)$(1,329)$150 $(1,179)
We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $159,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of March 31, 2025.
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership
The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2025 (in thousands):
Foreign CurrencyCash flow hedgesAccumulated Other Comprehensive Income (Loss)
Foreign CurrencyCash flow hedgesAccumulated Other Comprehensive Income (Loss)
Balance December 31, 2024$(29,334)$204 $(29,130)
Other comprehensive income before reclassifications(634)— (634)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
— (1,248)(1,248)
Balance March 31, 2025$(29,968)$(1,044)$(31,012)
Foreign CurrencyCash flow hedgesAccumulated Other Comprehensive Income (Loss)
Balance December 31, 2023$(24,376)$(417)$(24,793)
Other comprehensive loss before reclassifications(874)— (874)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
— 3,209 3,209 
Balance March 31, 2024$(25,250)$2,792 $(22,458)

We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $159,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of March 31, 2025.