Schedule III

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2025 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2025 (2)
Center Name	Location	Encumbrances (3)		Land		Buildings, Improvements & Fixtures		Land		Buildings, Improvements & Fixtures		Land		Buildings, Improvements & Fixtures		Total		Accumulated Depreciation (1)(4)		Date of Construction or Acquisition
Asheville	Asheville, NC	$	—	$	6,092	$	56,326	$	—	$	5,091	$	6,092	$	61,417	$	67,509	$	7,894	2023 (5)
Atlantic City	Atlantic City, NJ	5,760		—		125,988		—		19,492		—		145,480		145,480		66,311		2011 (5)
Branson	Branson, MO	—		4,407		25,040		396		30,435		4,803		55,475		60,278		42,262		1994
Charleston	Charleston, SC	—		10,353		48,877		—		36,601		10,353		85,478		95,831		46,127		2006
Commerce	Commerce, GA	—		1,262		14,046		707		42,620		1,969		56,666		58,635		43,871		1995
Daytona Beach	Daytona Beach, FL	—		9,913		80,410		—		9,633		9,913		90,043		99,956		40,740		2016
Deer Park	Deer Park, NY	—		82,413		173,044		—		46,572		82,413		219,616		302,029		92,008		2013 (5)
Foley	Foley, AL	—		4,400		82,410		693		41,452		5,093		123,862		128,955		79,729		2003 (5)
Fort Worth	Fort Worth, TX	—		11,157		87,025		—		5,142		11,157		92,167		103,324		35,399		2017
Foxwoods (6)	Mashantucket, CT	—		—		130,941		—		(95,523)		—		35,418		35,418		7,384		2015
Gonzales	Gonzales, LA	—		679		15,895		—		35,998		679		51,893		52,572		41,813		1992
Grand Rapids	Grand Rapids, MI	—		8,180		75,420		—		11,033		8,180		86,453		94,633		39,635		2015
Hershey	Hershey, PA	—		3,673		48,186		—		21,306		3,673		69,492		73,165		30,553		2011 (5)
Hilton Head I	Bluffton, SC	—		4,753		—		—		36,221		4,753		36,221		40,974		22,970		2011
Hilton Head II	Bluffton, SC	—		5,128		20,668		—		19,250		5,128		39,918		45,046		27,013		2003 (5)
Huntsville	Huntsville, AL	—		22,432		145,990		—		7,333		22,432		153,323		175,755		21,275		2023 (5)
Kansas City	Kansas City, KS	118,317		10,192		116,057		—		4,689		10,192		120,746		130,938		1,905		2025 (5)
Lancaster	Lancaster, PA	—		3,691		19,907		6,656		68,420		10,347		88,327		98,674		51,113		1994 (5)
Little Rock	Little Rock, AR	—		6,244		59,358		—		798		6,244		60,156		66,400		3,020		2024 (5)
Locust Grove	Locust Grove, GA	—		2,558		11,801		57		38,621		2,615		50,422		53,037		36,198		1994
Mebane	Mebane, NC	—		8,821		53,362		—		12,534		8,821		65,896		74,717		41,998		2010
Myrtle Beach Hwy 17	Myrtle Beach, SC	—		—		80,733		1,506		40,230		1,506		120,963		122,469		61,382		2009 (5)
Myrtle Beach Hwy 501	Myrtle Beach, SC	—		8,781		56,798		—		46,648		8,781		103,446		112,227		66,764		2003 (5)
Nashville	Nashville, TN	—		8,772		133,641		—		3,909		8,772		137,550		146,322		16,571		2023
Pinecrest	Cleveland, OH	—		22,416		127,517		—		1,137		22,416		128,654		151,070		4,859		2025 (5)

TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2025 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2025(2)
Center Name	Location	Encumbrances (3)		Land		Buildings, Improvements & Fixtures		Land		Buildings, Improvements & Fixtures		Land		Buildings, Improvements & Fixtures		Total		Accumulated Depreciation (1)(4)		Date of Construction or Acquisition
Pittsburgh	Pittsburgh, PA	—		5,528		91,288		3		21,212		5,531		112,500		118,031		81,338		2008
Rehoboth Beach	Rehoboth Beach, DE	—		20,600		74,209		1,875		74,172		22,475		148,381		170,856		83,716		2003 (5)
Riverhead	Riverhead, NY	—		—		36,374		6,152		155,910		6,152		192,284		198,436		136,707		1993
San Marcos	San Marcos, TX	—		1,801		9,440		2,301		70,690		4,102		80,130		84,232		56,888		1993
Savannah	Pooler, GA	—		8,432		167,780		490		30,487		8,922		198,267		207,189		62,848		2016 (5)
Sevierville	Sevierville, TN	—		—		18,495		—		73,825		—		92,320		92,320		54,750		1997 (5)
Southaven	Southaven, MS	61,157		14,959		50,511		—		(1,383)		14,959		49,128		64,087		29,996		2015
Tilton	Tilton, NH	—		1,800		24,838		29		18,766		1,829		43,604		45,433		27,374		2003 (5)
Westgate	Glendale, AZ	—		19,037		140,337		2,558		40,422		21,595		180,759		202,354		49,716		2016 (5)
Other	Various	—		306		1,495		—		532		306		2,027		2,333		1,467		Various
		$	185,234	$	318,780	$	2,404,207	$	23,423	$	974,275	$	342,203	$	3,378,482	$	3,720,685	$	1,513,594

(1)Includes impairment charges that reduce the asset value.

(2)Aggregate cost for federal income tax purposes is approximately $3.9 billion.

(3)Including premiums and net of debt origination costs.

(4)We generally use estimated lives of 33 years for buildings and 15 years for land improvements. Tenant finishing allowances are depreciated over the initial lease term. Building, improvements & fixtures includes amounts included in construction in progress on the consolidated balance sheet.

(5)Represents year acquired.

(6)Amounts net of $6.4 million impairment charges taken during 2021 consisting of a write-off of approximately $8.6 million of building and improvement cost and $2.2 million of accumulated depreciation. Amounts net of $60.1 million impairment charges taken during 2020 consisting of a write-off of approximately $89.8 million of building and improvement cost and $29.7 million of accumulated depreciation.

TANGER INC. and SUBSIDIARIES

TANGER PROPERTIES LIMITED PARTNERSHIP and SUBSIDIARIES

SCHEDULE III - (Continued)

REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Year Ended December 31, 2025

(in thousands)

The changes in total real estate for the years ended December 31, 2025, 2024 and 2023 are as follows:

	2025		2024		2023
Balance, beginning of year	$	3,408,047	$	3,271,240	$	2,855,871
Improvements	93,868		77,194		188,863
Impairment charge	(40,387)		—		—
Acquisitions	279,991		67,769		230,840
Dispositions and other	(20,834)		(8,156)		(4,334)
Balance, end of year	$	3,720,685	$	3,408,047	$	3,271,240

The changes in accumulated depreciation for the years ended December 31, 2025, 2024 and 2023 are as follows:

	2025		2024		2023
Balance, beginning of year	$	1,428,017	$	1,318,264	$	1,224,962
Depreciation for the period	126,516		117,851		97,636
Impairment charge	(36,016)		—		—
Dispositions and other	(4,923)		(8,098)		(4,334)
Balance, end of year	$	1,513,594	$	1,428,017	$	1,318,264