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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Rental property:    
Land $ 348,432 $ 342,203
Buildings, improvements and fixtures 3,448,125 3,360,308
Construction in progress 19,801 18,174
Rental property, at cost, total 3,816,358 3,720,685
Accumulated depreciation (1,581,610) (1,513,594)
Total rental property, net 2,234,748 2,207,091
Cash and cash equivalents 176,878 18,133
Restricted Cash 31,008 35,395
Short-term investments 20,000 0
Investments in unconsolidated joint ventures 63,608 64,862
Deferred lease costs and other intangibles, net 113,820 110,669
Operating lease right-of-use assets 82,770 83,497
Prepaids and other assets 136,861 136,335
Total assets 2,859,693 2,655,982
Debt:    
Senior, unsecured notes, net 1,044,558 1,043,609
Convertible Notes Payable 243,150 0
Unsecured term loans, net 394,604 323,978
Mortgages payable, net 178,651 185,234
Unsecured lines of credit 0 44,000
Total debt 1,860,963 1,596,821
Accounts payable and accrued expenses 107,684 133,065
Operating lease liabilities 90,777 91,569
Other liabilities 98,856 99,423
Total liabilities 2,158,280 1,920,878
Commitments and contingencies
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 114,878,989 and 115,097,359 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,149 1,151
Paid in capital 1,234,523 1,262,920
Accumulated distributions in excess of net income  (538,728) (529,239)
Accumulated other comprehensive loss (22,976) (28,349)
Equity attributable to Tanger Inc. 673,968 706,483
Noncontrolling interests in Operating Partnership 27,445 28,621
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 701,413 735,104
Total liabilities and equity $ 2,859,693 $ 2,655,982