← TANGER INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $51.7m | $12.2m | $18.1m | $33.2m | $169.6m | $322.4m | $424.1m | $25.4m | $93.7m | $18.1m | |
| Short-term investments | — | — | — | — | — | $0 | $104.9m | $18.4m | $0 | — | |
| Prepaids and other assets | $165.5m | $191.4m | $195.9m | $207.0m | $210.1m | $208.9m | $221.8m | $216.8m | $254.2m | $272.4m | |
| Deferred lease costs and other intangibles, net | $316.8m | $264.1m | $233.7m | $193.4m | $169.9m | $147.4m | $117.1m | $182.5m | $170.1m | $221.3m | |
| Operating lease right-of-use assets | — | — | $0 | $173.2m | $163.0m | $79.8m | $78.6m | $77.4m | $76.1m | $83.5m | |
| Land | $632.3m | $560.0m | $556.9m | $533.1m | $531.9m | $536.5m | $550.2m | $607.2m | $622.7m | $684.4m | |
| Buildings, improvements and fixtures | $5.8b | $5.6b | $5.5b | $5.3b | $5.1b | $5.1b | $5.1b | $5.9b | $6.2b | $6.7b | |
| Construction in progress | $92.6m | $29.7m | $6.2m | $0 | — | $0 | $54.7m | $58.4m | $14.9m | $36.3m | |
| Accumulated depreciation | ($1.7b) | ($1.8b) | ($2.0b) | ($2.0b) | ($2.1b) | ($2.3b) | ($2.4b) | ($2.6b) | ($2.9b) | ($3.0b) | |
| Restricted Cash | $0 | — | — | — | — | — | — | — | $0 | $35.4m | |
| Investments in unconsolidated joint ventures | $256.2m | $238.9m | $191.9m | $189.4m | $189.2m | $165.3m | $147.6m | $143.8m | $131.3m | $129.7m | |
| Senior, unsecured notes, net | $2.3b | $2.3b | $2.3b | $2.3b | $2.3b | $2.1b | $2.1b | $2.1b | $2.1b | $2.1b | |
| Unsecured term loans, net | $644.8m | $646.0m | $693.6m | $694.7m | $694.7m | $596.8m | $643.0m | $644.6m | $646.4m | $648.0m | |
| Mortgages payable, net | $680.3m | $199.5m | $174.9m | $167.6m | $159.9m | $124.9m | $137.9m | $128.1m | $117.7m | $370.5m | |
| Unsecured lines of credit | $116.0m | $412.3m | $284.0m | $0 | $0 | $0 | $0 | $26.0m | $0 | $88.0m | |
| Operating lease liabilities | — | — | $0 | $91.2m | $90.1m | $88.9m | $87.5m | $86.1m | $84.5m | $91.6m | |
| Other liabilities | $109.5m | $147.5m | $167.5m | $177.1m | $168.8m | $157.3m | $165.9m | $178.0m | $171.0m | $198.8m | |
| General partnership units | — | — | — | — | — | — | — | $1.1m | $1.2m | $1.2m | |
| Common shares, outstanding | — | — | — | — | — | — | — | 108.8m | 112.7m | 115.1m | |
| Common shares, issued | — | — | — | — | — | — | — | $108.8m | $112.7m | $115.1m | |
| Common shares, $0.01 par value, 300,000,000 shares authorized, 115,097,359 and 112,738,633 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 961k | 946k | 939k | 929k | 936k | 1.0m | 1.0m | 1.1m | 1.1m | 1.2m | |
| Accumulated distributions in excess of net income | ($122.7m) | ($184.9m) | ($272.5m) | ($317.3m) | ($420.1m) | ($483.4m) | ($485.6m) | ($490.2m) | ($511.8m) | ($529.2m) | |
| General partner, 1,250,000 and 1,250,000 units outstanding at December 31, 2025 and December 31, 2024, respectively | $6.5m | $5.8m | $4.9m | $4.4m | $3.3m | $4.5m | $4.5m | $5.8m | $9.1m | $8.9m | |
| Limited partners, 4,662,904 and 4,707,958 Class A common units, and 113,847,359 and 111,488,633 Class B common units outstanding at December 31, 2025 and December 31, 2024, respectively | $728.6m | $626.8m | $529.3m | $478.6m | $383.6m | $514.0m | $521.2m | $610.3m | $699.7m | $756.0m | |
| Equity attributable to Tanger Inc. | $670.2m | $581.6m | $480.2m | $433.2m | $341.4m | $477.9m | $491.6m | $566.8m | $652.4m | $706.5m | |
| Total rental property, at cost | $6.5b | $6.2b | $6.1b | $5.8b | $5.6b | $5.6b | $5.7b | $6.5b | $6.8b | $7.4b | |
| Total rental property, net | $4.8b | $4.4b | $4.1b | $100.0m | $3.5b | $3.3b | $3.3b | $3.9b | $4.0b | $4.4b | |
| Total debt | $3.4b | $3.5b | $3.4b | $3.1b | $3.1b | $2.8b | $2.9b | $2.9b | $2.8b | $3.2b | |
| Total partners' equity | $705.3m | $612.3m | $505.5m | $456.1m | $358.9m | $499.8m | $513.9m | $591.3m | $679.7m | $735.1m | |
| Total equity | $705.4m | $612.3m | $505.5m | $456.1m | $358.9m | $499.8m | $513.9m | $591.3m | $679.7m | $735.1m | |
| Total assets | $5.1b | $5.1b | $4.8b | $4.6b | $4.4b | $4.3b | $4.4b | $4.6b | $4.8b | $5.3b | |
| Accounts payable and accrued expenses | $155.8m | $180.2m | $165.0m | $158.7m | $175.9m | $185.7m | $208.8m | $236.4m | $214.7m | $265.6m | |
| Total liabilities | $3.6b | $3.9b | $3.8b | $3.7b | $3.7b | $3.3b | $3.4b | $3.5b | $3.4b | $3.8b | |
| Paid in capital | $820.3m | $784.8m | $778.8m | $775.0m | $787.1m | $978.1m | $987.2m | $1.1b | $1.2b | $1.3b | |
| Accumulated other comprehensive loss | ($58.1m) | ($39.6m) | ($55.8m) | ($52.4m) | ($54.6m) | ($36.5m) | ($22.8m) | ($48.3m) | ($56.8m) | ($58.2m) | |
| Noncontrolling interests in Operating Partnership | $35.1m | $30.7m | $25.4m | $22.9m | $17.5m | $21.9m | $22.3m | $24.5m | $27.3m | $28.6m | |
| Noncontrolling interests in other consolidated partnerships | $318k | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total liabilities and equity | $5.1b | $5.1b | $4.8b | $4.6b | $4.4b | $4.3b | $4.4b | $4.6b | $4.8b | $5.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.