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TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Rental property:    
Land $ 332,010 $ 311,355
Buildings, improvements and fixtures 3,187,548 3,089,239
Construction in progress 11,662 7,453
Rental property, at cost, total 3,531,220 3,408,047
Accumulated depreciation (1,453,947) (1,428,017)
Total rental property, net 2,077,273 1,980,030
Cash and cash equivalents 9,741 46,992
Investments in unconsolidated joint ventures 66,671 65,665
Deferred lease costs and other intangibles, net 100,155 85,028
Operating lease right-of-use assets 75,421 76,099
Prepaids and other assets 122,987 127,369
Total assets 2,452,248 2,381,183
Debt:    
Senior, unsecured notes, net 1,042,656 1,041,710
Unsecured term loan, net 323,617 323,182
Mortgages payable, net 67,658 58,867
Unsecured lines of credit 92,000 0
Total debt 1,525,931 1,423,759
Accounts payable and accrued expenses 86,506 107,775
Operating lease liabilities 83,777 84,499
Other liabilities 94,692 85,476
Total liabilities 1,790,906 1,701,509
Commitments and contingencies
Tanger Inc.:    
Common shares, $0.01 par value, 300,000,000 shares authorized, 113,174,006 and 112,738,633 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1,132 1,127
Paid in capital 1,190,344 1,190,746
Accumulated distributions in excess of net income  (527,896) (511,816)
Accumulated other comprehensive loss (28,408) (27,687)
Equity attributable to Tanger Inc. 635,172 652,370
Noncontrolling interests in Operating Partnership 26,170 27,304
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 661,342 679,674
Total liabilities and equity $ 2,452,248 $ 2,381,183