TANGER INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
SKT$39.75+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets - December 31, 2023 and
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Rental property: | ||
| Land | $303,605 | $275,079 |
| Buildings, improvements and fixtures | 2,938,434 | 2,553,452 |
| Construction in progress | 29,201 | 27,340 |
| 3,271,240 | 2,855,871 | |
| Accumulated depreciation | (1,318,264) | (1,224,962) |
| Total rental property, net | 1,952,976 | 1,630,909 |
| Cash and cash equivalents | 12,778 | 212,124 |
| Short-term investments | 9,187 | 52,450 |
| Investments in unconsolidated joint ventures | 71,900 | 73,809 |
| Deferred lease costs and other intangibles, net | 91,269 | 58,574 |
| Operating lease right-of-use assets | 77,400 | 78,636 |
| Prepaids and other assets | 108,609 | 111,163 |
| Total assets | $2,324,119 | $2,217,665 |
| Liabilities and Equity | ||
| Liabilities | ||
| Debt: | ||
| Senior, unsecured notes, net | $1,039,840 | $1,037,998 |
| Unsecured term loans, net | 322,322 | 321,525 |
| Mortgages payable, net | 64,041 | 68,971 |
| Unsecured lines of credit | 13,000 | — |
| Total debt | 1,439,203 | 1,428,494 |
| Accounts payable and accrued expenses | 118,505 | 104,741 |
| Operating lease liabilities | 86,076 | 87,528 |
| Other liabilities | 89,022 | 82,968 |
| Total liabilities | 1,732,806 | 1,703,731 |
| Commitments and contingencies (Note 22) | ||
| Equity | ||
| Tanger Inc.: | ||
| Common shares, $0.01 par value, 300,000,000 shares authorized, 108,793,251 and 104,497,920 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 1,088 | 1,045 |
| Paid in capital | 1,079,387 | 987,192 |
| Accumulated distributions in excess of net income | (490,171) | (485,557) |
| Accumulated other comprehensive loss | (23,519) | (11,037) |
| Equity attributable to Tanger Inc. | 566,785 | 491,643 |
| Equity attributable to noncontrolling interests: | ||
| Noncontrolling interests in Operating Partnership | 24,528 | 22,291 |
| Noncontrolling interests in other consolidated partnerships | — | — |
| Total equity | 591,313 | 513,934 |
| Total liabilities and equity | $2,324,119 | $2,217,665 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.