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TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Rental property:    
Land $ 342,203 $ 342,203
Buildings, improvements and fixtures 3,368,779 3,360,308
Construction in progress 21,286 18,174
Rental property, at cost, total 3,732,268 3,720,685
Accumulated depreciation (1,547,230) (1,513,594)
Total rental property, net 2,185,038 2,207,091
Cash and cash equivalents 207,403 18,133
Short-term investments 20,000 0
Restricted Cash 35,811 35,395
Investments in unconsolidated joint ventures 64,788 64,862
Deferred lease costs and other intangibles, net 105,489 110,669
Operating lease right-of-use assets 83,136 83,497
Prepaids and other assets 132,609 136,335
Total assets 2,834,274 2,655,982
Debt:    
Senior, unsecured notes, net 1,044,088 1,043,609
Convertible Notes Payable 242,826 0
Unsecured term loans, net 394,342 323,978
Mortgages payable, net 184,418 185,234
Unsecured lines of credit 0 44,000
Total debt 1,865,674 1,596,821
Accounts payable and accrued expenses 78,442 133,065
Operating lease liabilities 91,179 91,569
Other liabilities 101,197 99,423
Total liabilities 2,136,492 1,920,878
Commitments and contingencies
Partners’ Equity:    
Accumulated other comprehensive loss (25,593) (28,349)
Noncontrolling interests in other consolidated partnerships 0 0
Total liabilities and equity 2,834,274 2,655,982
Tanger Properties Limited Partnership    
Rental property:    
Land 342,203 342,203
Buildings, improvements and fixtures 3,368,779 3,360,308
Construction in progress 21,286 18,174
Rental property, at cost, total 3,732,268 3,720,685
Accumulated depreciation (1,547,230) (1,513,594)
Total rental property, net 2,185,038 2,207,091
Cash and cash equivalents 206,890 17,893
Short-term investments 20,000 0
Restricted Cash 35,811 35,395
Investments in unconsolidated joint ventures 64,788 64,862
Deferred lease costs and other intangibles, net 105,489 110,669
Operating lease right-of-use assets 83,136 83,497
Prepaids and other assets 132,979 136,048
Total assets 2,834,131 2,655,455
Debt:    
Senior, unsecured notes, net 1,044,088 1,043,609
Convertible Notes Payable 242,826 0
Unsecured term loans, net 394,342 323,978
Mortgages payable, net 184,418 185,234
Unsecured lines of credit 0 44,000
Total debt 1,865,674 1,596,821
Accounts payable and accrued expenses 78,299 132,538
Operating lease liabilities 91,179 91,569
Other liabilities 101,197 99,423
Total liabilities 2,136,349 1,920,351
Commitments and contingencies
Partners’ Equity:    
General partner, 1,250,000 and 1,250,000 units outstanding at March 31, 2026 and December 31, 2025, respectively 8,846 8,906
Limited partners, 4,662,904 and 4,662,904 Class A common units, 113,625,851 and 113,847,359 Class B common units, and 15,180 and 0 Class C common units outstanding at March 31, 2026 and December 31, 2025, respectively 715,891 756,021
Accumulated other comprehensive loss (26,955) (29,823)
Total partners’ equity 697,782 735,104
Noncontrolling interests in other consolidated partnerships 0 0
Total equity 697,782 735,104
Total liabilities and equity $ 2,834,131 $ 2,655,455
General partner units, outstanding (in units) 1,250,000 1,250,000
Limited partners units, outstanding (in units) 118,303,935 118,510,263
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) 113,625,851 113,847,359
Tanger Properties Limited Partnership | Class C Limited Partnership Units    
Partners’ Equity:    
Limited partners units, outstanding (in units) 15,180 0