TANGER INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
SKT$39.75+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - December 31, 202 and
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Rental property: | ||
| Land | $311,355 | $303,605 |
| Buildings, improvements and fixtures | 3,089,239 | 2,938,434 |
| Construction in progress | 7,453 | 29,201 |
| 3,408,047 | 3,271,240 | |
| Accumulated depreciation | (1,428,017) | (1,318,264) |
| Total rental property, net | 1,980,030 | 1,952,976 |
| Cash and cash equivalents | 46,992 | 12,778 |
| Short-term investments | — | 9,187 |
| Investments in unconsolidated joint ventures | 65,665 | 71,900 |
| Deferred lease costs and other intangibles, net | 85,028 | 91,269 |
| Operating lease right-of-use assets | 76,099 | 77,400 |
| Prepaids and other assets | 127,369 | 108,609 |
| Total assets | $2,381,183 | $2,324,119 |
| Liabilities and Equity | ||
| Liabilities | ||
| Debt: | ||
| Senior, unsecured notes, net | $1,041,710 | $1,039,840 |
| Unsecured term loans, net | 323,182 | 322,322 |
| Mortgages payable, net | 58,867 | 64,041 |
| Unsecured lines of credit | — | 13,000 |
| Total debt | 1,423,759 | 1,439,203 |
| Accounts payable and accrued expenses | 107,775 | 118,505 |
| Operating lease liabilities | 84,499 | 86,076 |
| Other liabilities | 85,476 | 89,022 |
| Total liabilities | 1,701,509 | 1,732,806 |
| Commitments and contingencies (Note 22) | ||
| Equity | ||
| Tanger Inc.: | ||
| Common shares, $0.01 par value, 300,000,000 shares authorized, 112,738,633 and 108,793,251 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 1,127 | 1,088 |
| Paid in capital | 1,190,746 | 1,079,387 |
| Accumulated distributions in excess of net income | (511,816) | (490,171) |
| Accumulated other comprehensive loss | (27,687) | (23,519) |
| Equity attributable to Tanger Inc. | 652,370 | 566,785 |
| Equity attributable to noncontrolling interests: | ||
| Noncontrolling interests in Operating Partnership | 27,304 | 24,528 |
| Noncontrolling interests in other consolidated partnerships | — | — |
| Total equity | 679,674 | 591,313 |
| Total liabilities and equity | $2,381,183 | $2,324,119 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.