v3.25.1
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ 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
Partners’ Equity:    
Accumulated other comprehensive loss (29,495) (27,687)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,477,859 2,381,183
Tanger Properties Limited Partnership    
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 10,005 46,700
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 115,158 126,852
Total assets 2,477,424 2,380,374
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 74,640 106,966
Operating lease liabilities 84,144 84,499
Other liabilities 95,537 85,476
Total liabilities 1,817,411 1,700,700
Commitments and contingencies
Partners’ Equity:    
General partner, 1,250,000 units outstanding at March 31, 2025 and 1,250,000 units outstanding at December 31, 2024, respectively 8,962 9,094
Limited partners, 4,662,904 and 4,707,958 Class A common units, and 111,923,206 and 111,488,633 Class B common units outstanding at March 31, 2025 and December 31, 2024, respectively 682,063 699,711
Accumulated other comprehensive loss (31,012) (29,131)
Total partners’ equity 660,013 679,674
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 660,013 679,674
Total liabilities and equity $ 2,477,424 $ 2,380,374
General partner units, outstanding (in units) 1,250