v3.26.1
TANGER PROPERTIES LIMITED PARTNERSHIP 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
Short-term investments 20,000 0
Restricted Cash 31,008 35,395
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
Partners’ Equity:    
Accumulated other comprehensive loss (22,976) (28,349)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,859,693 2,655,982
Tanger Properties Limited Partnership    
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 176,396 17,893
Short-term investments 20,000 0
Restricted Cash 31,008 35,395
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 137,240 136,048
Total assets 2,859,590 2,655,455
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 107,581 132,538
Operating lease liabilities 90,777 91,569
Other liabilities 98,856 99,423
Total liabilities 2,158,177 1,920,351
Commitments and contingencies
Partners’ Equity:    
General partner, 1,250,000 and 1,250,000 units outstanding at June 30, 2026 and December 31, 2025, respectively 8,816 8,906
Limited partners, 4,662,904 and 4,662,904 Class A common units, 113,628,989 and 113,847,359 Class B common units, and 15,180 and 0 Class C common units outstanding at June 30, 2026 and December 31, 2025, respectively 716,827 756,021
Accumulated other comprehensive loss (24,230) (29,823)
Total partners’ equity 701,413 735,104
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 701,413 735,104
Total liabilities and equity $ 2,859,590 $ 2,655,455
General partner units, outstanding (in units) 1,250,000 1,250,000
Tanger Properties Limited Partnership | Class A    
Partners’ Equity:    
Limited partners units, outstanding (in units) 4,662,904 4,662,904
Tanger Properties Limited Partnership | Class B    
Partners’ Equity:    
Limited partners units, outstanding (in units) 113,628,989 113,847,359
Tanger Properties Limited Partnership | Class C Limited Partnership Units    
Partners’ Equity:    
Limited partners units, outstanding (in units) 15,180 0