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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Rental property:    
Land $ 342,203 $ 311,355
Buildings, improvements and fixtures 3,318,981 3,089,239
Construction in progress 18,310 7,453
Rental property, at cost, total 3,679,494 3,408,047
Accumulated depreciation (1,483,480) (1,428,017)
Total rental property, net 2,196,014 1,980,030
Cash and cash equivalents 13,029 46,992
Restricted cash 37,199 0
Investments in unconsolidated joint ventures 65,695 65,665
Deferred lease costs and other intangibles, net 115,999 85,028
Operating lease right-of-use assets 81,741 76,099
Prepaids and other assets 126,260 127,369
Total assets 2,635,937 2,381,183
Debt:    
Senior, unsecured notes, net 1,043,131 1,041,710
Unsecured term loan, net 323,831 323,182
Mortgages payable, net 186,050 58,867
Unsecured lines of credit 60,000 0
Total debt 1,613,012 1,423,759
Accounts payable and accrued expenses 98,527 107,775
Operating lease liabilities 90,071 84,499
Other liabilities 102,176 85,476
Total liabilities 1,903,786 1,701,509
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (28,944) (27,687)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,635,937 2,381,183
Tanger Properties Limited Partnership    
Rental property:    
Land 342,203 311,355
Buildings, improvements and fixtures 3,318,981 3,089,239
Construction in progress 18,310 7,453
Rental property, at cost, total 3,679,494 3,408,047
Accumulated depreciation (1,483,480) (1,428,017)
Total rental property, net 2,196,014 1,980,030
Cash and cash equivalents 12,761 46,700
Restricted cash 37,199 0
Investments in unconsolidated joint ventures 65,695 65,665
Deferred lease costs and other intangibles, net 115,999 85,028
Operating lease right-of-use assets 81,741 76,099
Prepaids and other assets 125,805 126,852
Total assets 2,635,214 2,380,374
Debt:    
Senior, unsecured notes, net 1,043,131 1,041,710
Unsecured term loan, net 323,831 323,182
Mortgages payable, net 186,050 58,867
Unsecured lines of credit 60,000 0
Total debt 1,613,012 1,423,759
Accounts payable and accrued expenses 97,804 106,966
Operating lease liabilities 90,071 84,499
Other liabilities 102,176 85,476
Total liabilities 1,903,063 1,700,700
Commitments and contingencies
Partners’ Equity:    
General partner, 1,250,000 and 1,250,000 units outstanding at September 30, 2025 and December 31, 2024, respectively 8,909 9,094
Limited partners, 4,662,904 and 4,707,958 Class A common units, and 113,865,168 and 111,488,633 Class B common units outstanding at September 30, 2025 and December 31, 2024, respectively 753,680 699,711
Accumulated other comprehensive loss (30,438) (29,131)
Total partners’ equity 732,151 679,674
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 732,151 679,674
Total liabilities and equity $ 2,635,214 $ 2,380,374
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 4,707,958
Tanger Properties Limited Partnership | Class B    
Partners’ Equity:    
Limited partners units, outstanding (in units) 113,865,168 111,488,633