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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income (loss) $ 84,677 $ 75,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 110,857 103,410
Impairment charge 4,249 0
Amortization of deferred financing costs 2,801 2,609
Equity in earnings of unconsolidated joint ventures (9,654) (7,803)
Equity-based compensation expense 9,471 8,980
Amortization of debt discounts, net 550 548
Amortization (accretion) of market rent rate adjustments, net (185) 393
Straight-line rent adjustments (2,069) (361)
Distributions of cumulative earnings from unconsolidated joint ventures 7,860 5,551
Changes in other assets and liabilities:    
Other assets (3,715) 1,118
Accounts payable and accrued expenses (7,102) (20,562)
Net cash provided by operating activities 197,740 169,034
INVESTING ACTIVITIES    
Additions to rental property (48,814) (73,430)
Acquisitions of real estate assets (182,996) 0
Net proceeds from sale of real estate assets 16,634 0
Proceeds from short-term investments 0 9,187
Additions to non-real estate assets (4,378) (6,770)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,891 2,837
Additions to deferred lease costs (3,306) (2,561)
Payments for other investing activities (7,220) (1,972)
Proceeds from other investing activities 4,580 5,357
Net cash used in investing activities (221,609) (67,352)
FINANCING ACTIVITIES    
Cash dividends paid (98,507) (89,771)
Proceeds from revolving credit facility 270,000 262,000
Repayments of revolving credit facility (210,000) (275,000)
Proceeds from notes, mortgages and loans 10,000 0
Repayments of notes, mortgages and loans (1,116) (3,813)
Employee income taxes paid related to shares withheld upon vesting of equity awards (7,261) (10,665)
Additions to deferred financing costs (544) (6,876)
Proceeds from exercise of options 358 1,166
Payment for other financing activities (861) (861)
Contributions from noncontrolling interests in other consolidated partnerships 0 80
Net cash provided by (used in) financing activities 26,934 (103,483)
Effect of foreign currency rate changes on cash and cash equivalents 171 76
Net increase (decrease) in cash, cash equivalents and restricted cash 3,236 (1,725)
Cash, cash equivalents and restricted cash beginning of period 46,992 12,778
Cash, cash equivalents and restricted cash end of period 50,228 11,053
Tanger Properties Limited Partnership    
OPERATING ACTIVITIES    
Net income (loss) 84,677 75,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 110,857 103,410
Impairment charge 4,249 0
Amortization of deferred financing costs 2,801 2,609
Equity in earnings of unconsolidated joint ventures (9,654) (7,803)
Equity-based compensation expense 9,471 8,980
Amortization of debt discounts, net 550 548
Amortization (accretion) of market rent rate adjustments, net (185) 393
Straight-line rent adjustments (2,069) (361)
Distributions of cumulative earnings from unconsolidated joint ventures 7,860 5,551
Changes in other assets and liabilities:    
Other assets (3,777) 1,079
Accounts payable and accrued expenses (7,016) (20,540)
Net cash provided by operating activities 197,764 169,017
INVESTING ACTIVITIES    
Additions to rental property (48,814) (73,430)
Acquisitions of real estate assets (182,996) 0
Net proceeds from sale of real estate assets 16,634 0
Proceeds from short-term investments 0 9,187
Additions to non-real estate assets (4,378) (6,770)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,891 2,837
Additions to deferred lease costs (3,306) (2,561)
Payments for other investing activities (7,220) (1,972)
Proceeds from other investing activities 4,580 5,357
Net cash used in investing activities (221,609) (67,352)
FINANCING ACTIVITIES    
Cash dividends paid (102,528) (93,584)
Proceeds from revolving credit facility 270,000 262,000
Repayments of revolving credit facility (210,000) (275,000)
Proceeds from notes, mortgages and loans 10,000 0
Repayments of notes, mortgages and loans (1,116) (3,813)
Employee income taxes paid related to shares withheld upon vesting of equity awards (7,261) (10,665)
Additions to deferred financing costs (544) (6,876)
Proceeds from exercise of options 358 1,166
Payment for other financing activities (861) (861)
Contributions from noncontrolling interests in other consolidated partnerships 0 80
Net cash provided by (used in) financing activities 26,934 (103,483)
Effect of foreign currency rate changes on cash and cash equivalents 171 76
Net increase (decrease) in cash, cash equivalents and restricted cash 3,260 (1,742)
Cash, cash equivalents and restricted cash beginning of period 46,700 12,572
Cash, cash equivalents and restricted cash end of period 49,960 10,830
Issuance of units, including transaction costs $ 68,886 $ 24,070