v3.26.1
Partners' Equity of the Operating Partnership
 6 Months Ended
Jun. 30, 2026
Partners' Equity of the Operating Partnership [Abstract]  
Partners' Equity of the Operating Partnership Partners’ Equity of the Operating Partnership
All operating partnership units 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 amount of Class B common limited partnership units held by Tanger LP Trust.

The following table sets forth the changes in outstanding partnership units for the three and six months ended June 30, 2026 and June 30, 2025:
Limited Partnership Units
General Partnership UnitsClass AClass BClass CTotal
Balance March 31, 20251,250,000 4,662,904 111,923,206 — 116,586,110 
Options exercised— — 800 — 800 
Issuance of units— — — — — 
Balance June 30, 20251,250,000 4,662,904 111,924,006 — 116,586,910 
Balance December 31, 20241,250,000 4,707,958 111,488,633 — 116,196,591 
Options exercised— — 6,000 — 6,000 
Grant of restricted common share awards by the Company, net of forfeitures— — 595,924 — 595,924 
Exchange of Class A limited partnership units— (45,054)45,054 — — 
Units withheld for employee income taxes— — (211,605)— (211,605)
Balance June 30, 20251,250,000 4,662,904 111,924,006 — 116,586,910 
Balance March 31, 20261,250,000 4,662,904 113,625,851 15,180 118,303,935 
Options exercised— — 4,500 — 4,500 
Grant of restricted common share awards by the Company, net of forfeitures— — (1,362)— (1,362)
Balance June 30, 20261,250,000 4,662,904 113,628,989 15,180 118,307,073 
Balance December 31, 20251,250,000 4,662,904 113,847,359 — 118,510,263 
Options exercised— — 37,700 — 37,700 
Issuance of Class C limited partnership units upon conversion of Basic LTIP units (1)
— — — 15,180 15,180 
Grant of restricted common share awards by the Company, net of forfeitures— — 579,318 — 579,318 
Repurchase of common units
— — (589,622)— (589,622)
Units withheld for employee income taxes— — (245,766)— (245,766)
Balance June 30, 20261,250,000 4,662,904 113,628,989 15,180 118,307,073 
(1)Represents time-based LTIP units of certain non-employee directors which vested and satisfied minimum allocations to the capital account of the LTIP unit for federal income tax purposes. The units automatically converted into non-voting Class C common limited partnership units of the Operating Partnership on February 15, 2026.