Tanger (SKT) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-11986
Entity Registrant Name	TANGER INC
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-1815473
Entity Address, Address Line One	3200 Northline Avenue
Entity Address, Address Line Two	Suite 360
Entity Address, City or Town	Greensboro
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27408
City Area Code	336
Local Phone Number	292-3010
Title of 12(b) Security	Common Shares, $0.01 par value
Trading Symbol	SKT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		110,692,577
Entity Central Index Key	0000899715
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Tanger Properties Limited Partnership
Entity Information [Line Items]
Entity File Number	333-3526-01
Entity Registrant Name	TANGER PROPERTIES LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-1822494
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001004036

TANGER FACTORY OUTLET CENTERS,

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Rental property:
Land	$ 303,605	$ 303,605
Buildings, improvements and fixtures	3,011,234	2,938,434
Construction in progress	9,421	29,201
Rental property, at cost, total	3,324,260	3,271,240
Accumulated depreciation	(1,401,334)	(1,318,264)
Total rental property, net	1,922,926	1,952,976
Cash and cash equivalents	11,053	12,778
Short-term investments	0	9,187
Investments in unconsolidated joint ventures	70,245	71,900
Deferred lease costs and other intangibles, net	77,508	91,269
Operating lease right-of-use assets	76,431	77,400
Prepaids and other assets	117,128	108,609
Total assets	2,275,291	2,324,119
Debt:
Senior, unsecured notes, net	1,041,240	1,039,840
Unsecured term loan, net	322,967	322,322
Mortgages payable, net	60,186	64,041
Unsecured lines of credit	0	13,000
Total debt	1,424,393	1,439,203
Accounts payable and accrued expenses	86,761	118,505
Operating lease liabilities	85,079	86,076
Other liabilities	86,426	89,022
Total liabilities	1,682,659	1,732,806
Commitments and contingencies
Tanger Inc.:
Common shares, $0.01 par value, 300,000,000 shares authorized, 110,208,387 and 108,793,251 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1,102	1,088
Paid in capital	1,102,443	1,079,387
Accumulated distributions in excess of net income	(507,833)	(490,171)
Accumulated other comprehensive loss	(27,418)	(23,519)
Equity attributable to Tanger Inc.	568,294	566,785
Noncontrolling interests in Operating Partnership	24,338	24,528
Noncontrolling interests in other consolidated partnerships	0	0
Total equity	592,632	591,313
Total liabilities and equity	$ 2,275,291	$ 2,324,119

TANGER FACTORY OUTLET CENTERS_2

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares authorized (in shares)	300,000,000	300,000,000
Common shares issued (in shares)	110,208,387	108,793,251
Common shares outstanding (in shares)	110,208,387	108,793,251

TANGER FACTORY OUTLET CENTERS_3

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Rental revenues	$ 125,221	$ 110,835	$ 365,349	$ 319,005
Management, leasing and other services	2,485	2,138	7,095	6,174
Other revenues	5,295	4,373	12,884	11,751
Total revenues	133,001	117,346	385,328	336,930
Expenses:
Property operating	40,247	36,758	113,261	103,618
General and administrative	18,215	18,937	56,518	54,675
Depreciation and amortization	35,376	25,374	103,410	76,656
Total expenses	93,838	81,069	273,189	234,949
Other income (expense):
Interest expense	(15,493)	(11,688)	(45,546)	(35,997)
Other income (expense)	(52)	1,899	755	7,023
Total other income (expense)	(15,545)	(9,789)	(44,791)	(28,974)
Income before equity in earnings of unconsolidated joint ventures	23,618	26,488	67,348	73,007
Equity in earnings of unconsolidated joint ventures	2,312	2,389	7,803	6,030
Net income	25,930	28,877	75,151	79,037
Noncontrolling interests in Operating Partnership	(1,074)	(1,253)	(3,122)	(3,422)
Noncontrolling interests in other consolidated partnerships	0	0	80	(248)
Net income attributable to Tanger Inc.	$ 24,856	$ 27,624	$ 72,109	$ 75,367
Basic earnings per common share/unit
Net income (in dollars per unit)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common share/unit
Net income (in dollars per unit)	$ 0.22	$ 0.26	$ 0.65	$ 0.70

TANGER FACTORY OUTLET CENTERS_4

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 25,930	$ 28,877	$ 75,151	$ 79,037
Other comprehensive income (loss):
Foreign currency translation adjustments	(139)	(1,765)	(1,051)	(376)
Change in fair value of cash flow hedges	(6,894)	(1,845)	(3,007)	(5,644)
Other comprehensive income (loss)	(7,033)	(3,610)	(4,058)	(6,020)
Comprehensive income	18,897	25,267	71,093	73,017
Comprehensive income attributable to noncontrolling interests	(792)	(1,096)	(2,963)	(3,160)
Comprehensive income attributable to the Operating Partnership	$ 18,105	$ 24,171	$ 68,130	$ 69,857

TANGER FACTORY OUTLET CENTERS_5

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)	Total	Tanger Properties Limited Partnership	Tanger Properties Limited Partnership Equity attributable to Tanger Factory Outlet Centers, Inc.	Tanger Properties Limited Partnership Accumulated other comprehensive loss	Tanger Properties Limited Partnership Noncontrolling Interests	Noncontrolling interests in Operating Partnership Tanger Properties Limited Partnership	Deferred Share Units	Equity attributable to Tanger Factory Outlet Centers, Inc.	Common shares	Common shares Deferred Share Units	Paid in capital	Paid in capital Deferred Share Units	Accumulated distributions in excess of earnings	Accumulated other comprehensive loss	Noncontrolling Interests Noncontrolling interests in Operating Partnership	Noncontrolling Interests Noncontrolling interests in other consolidated partnerships
Beginning Balance at Dec. 31, 2022	$ 513,934,000							$ 491,643,000	$ 1,045,000		$ 987,192,000		$ (485,557,000)	$ (11,037,000)	$ 22,291,000	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	79,037,000	$ 79,037,000	$ 78,789,000		$ 248,000	$ 78,001,000		75,367,000					75,367,000		3,422,000	248,000
Other comprehensive income (loss)	(6,020,000)	(6,020,000)	(6,020,000)	$ (6,020,000)				(5,758,000)						(5,758,000)	(262,000)
Compensation under Incentive Award Plan	9,234,000	9,234,000	9,234,000			9,234,000		9,234,000			9,234,000
Issuance of common shares upon exercise of options	653,000	653,000	653,000			653,000		653,000			653,000
Issuance of partner units	2,471,000	2,471,000	2,471,000			2,349,000		2,471,000	1,000		2,470,000
Grant of restricted common shares awards, net of forfeitures	(1,000)							(1,000)	10,000		(11,000)
Withholding of common shares for employee income taxes	(6,963,000)	(6,963,000)	(6,963,000)			(6,963,000)		(6,963,000)	(3,000)		(6,960,000)
Adjustment for noncontrolling interests in other consolidated partnerships	0							323,000			323,000				(323,000)
Common dividends	(76,298,000)							(76,298,000)					(76,298,000)		0
Common distributions		(79,916,000)	(79,668,000)		(248,000)	(78,886,000)
Distributions to noncontrolling interests	(3,617,000)														(3,369,000)	(248,000)
Ending Balance at Sep. 30, 2023	512,430,000							490,671,000	1,053,000		992,901,000		(486,488,000)	(16,795,000)	21,759,000	0
Beginning Balance at Jun. 30, 2023	507,743,000							485,909,000	1,052,000		986,472,000		(488,273,000)	(13,342,000)	21,834,000	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	28,877,000	28,877,000	28,877,000		0	28,588,000		27,624,000					27,624,000		1,253,000	0
Other comprehensive income (loss)	(3,610,000)	(3,610,000)	(3,610,000)	(3,610,000)				(3,453,000)						(3,453,000)	(157,000)
Compensation under Incentive Award Plan	3,459,000	3,459,000	3,459,000			3,459,000		3,459,000			3,459,000
Issuance of common shares upon exercise of options	610,000	610,000	610,000			610,000		610,000			610,000
Issuance of partner units	2,471,000	2,471,000	2,471,000			2,349,000		2,471,000	1,000		2,470,000
Withholding of common shares for employee income taxes	(120,000)	(120,000)	(120,000)			(120,000)		(120,000)	0		(120,000)
Adjustment for noncontrolling interests in other consolidated partnerships	0							10,000			10,000				(10,000)
Common dividends	(25,839,000)							(25,839,000)					(25,839,000)		0
Common distributions		(27,000,000)	(27,000,000)		0	(26,730,000)
Distributions to noncontrolling interests	(1,161,000)														(1,161,000)	0
Ending Balance at Sep. 30, 2023	512,430,000							490,671,000	1,053,000		992,901,000		(486,488,000)	(16,795,000)	21,759,000	0
Beginning Balance at Dec. 31, 2023	591,313,000							566,785,000	1,088,000		1,079,387,000		(490,171,000)	(23,519,000)	24,528,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	75,151,000	75,151,000	75,231,000		(80,000)	74,477,000		72,109,000					72,109,000		3,122,000	(80,000)
Other comprehensive income (loss)	(4,058,000)	(4,058,000)	(4,058,000)	(4,058,000)				(3,899,000)						(3,899,000)	(159,000)
Compensation under Incentive Award Plan	9,159,000	9,159,000	9,159,000			9,159,000		9,159,000			9,159,000
Issuance of common shares upon exercise of options	1,166,000	1,166,000	1,166,000			1,166,000		1,166,000			1,166,000
Issuance of partner units	24,070,000	24,070,000	24,070,000			24,070,000	$ 0		8,000	$ 1,000	24,062,000	$ (1,000)
Grant of restricted common shares awards, net of forfeitures		0							8,000		(8,000)
Withholding of common shares for employee income taxes	(10,665,000)	(10,665,000)	(10,665,000)			(10,665,000)		(10,665,000)	(3,000)		(10,662,000)
Contributions from noncontrolling interests	80,000	80,000			80,000											$ 80,000
Adjustment for noncontrolling interests in other consolidated partnerships	0							(660,000)			(660,000)				660,000
Common dividends	(89,771,000)							(89,771,000)					(89,771,000)
Common distributions		(93,584,000)	(93,584,000)			(92,653,000)
Distributions to noncontrolling interests	(3,813,000)														(3,813,000)
Ending Balance at Sep. 30, 2024	592,632,000							568,294,000	1,102,000		1,102,443,000		(507,833,000)	(27,418,000)	24,338,000
Beginning Balance at Jun. 30, 2024	577,580,000							553,740,000	1,094,000		1,075,902,000		(502,589,000)	(20,667,000)	23,840,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25,930,000	25,930,000	25,930,000		0	25,671,000		24,856,000					24,856,000		1,074,000
Other comprehensive income (loss)	(7,033,000)	(7,033,000)	(7,033,000)	$ (7,033,000)				(6,751,000)						(6,751,000)	(282,000)
Compensation under Incentive Award Plan	2,901,000	2,901,000	2,901,000			2,901,000		2,901,000			2,901,000
Issuance of common shares upon exercise of options	633,000	633,000	633,000			633,000		633,000			633,000
Issuance of partner units	24,070,000	24,070,000	24,070,000			24,070,000		24,070,000	8,000		24,062,000
Forfeiture of restricted common share awards		0
Withholding of common shares for employee income taxes		(141,000)	(141,000)			(141,000)					(141,000)
Adjustment for noncontrolling interests in other consolidated partnerships	0							(914,000)			(914,000)				914,000
Common dividends	(30,100,000)							(30,100,000)					(30,100,000)
Common distributions		$ (31,308,000)	$ (31,308,000)		$ 0	$ (30,992,000)
Distributions to noncontrolling interests	(1,208,000)														(1,208,000)
Ending Balance at Sep. 30, 2024	$ 592,632,000							$ 568,294,000	$ 1,102,000		$ 1,102,443,000		$ (507,833,000)	$ (27,418,000)	$ 24,338,000

TANGER FACTORY OUTLET CENTERS_6

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Forfeitures of restricted common share awards by the company (in shares)	(4,450)
Issuance of common units upon exercise of stock options	45,625	44,300	70,625	51,500
Issuance of shares (in shares)	818,943	106,615	818,943	106,615
Grant of restricted common share awards, net of forfeitures (in shares)				1,042,932
Withholding of common shares for employee income taxes (in shares)		5,505	5,267	367,776
Issuance of deferred shares (in shares)	818,943	106,615	818,943	106,615
Common dividends (in dollars per share)	$ 0.275	$ 0.245	$ 0.81	$ 0.7100
Common distributions (in dollars per share)	$ 0.275

TANGER FACTORY OUTLET CENTERS_7

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income (loss)	$ 75,151	$ 79,037
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	103,410	76,656
Amortization of deferred financing costs	2,609	2,395
Equity in earnings of unconsolidated joint ventures	(7,803)	(6,030)
Equity-based compensation expense	8,980	9,040
Amortization of debt discounts, net	548	537
Amortization (accretion) of market rent rate adjustments, net	393	545
Straight-line rent adjustments	(361)	1,409
Distributions of cumulative earnings from unconsolidated joint ventures	5,551	6,153
Changes in other assets and liabilities:
Other assets	1,118	30
Accounts payable and accrued expenses	(20,562)	(17,659)
Net cash provided by operating activities	169,034	152,113
INVESTING ACTIVITIES
Additions to rental property	(73,430)	(120,070)
Additions to investments in unconsolidated joint ventures	0	(2,612)
Proceeds from short-term investments	9,187	46,979
Additions to short-term investments	0	(7,679)
Additions to non-real estate assets	(6,770)	(7,126)
Distributions in excess of cumulative earnings from unconsolidated joint ventures	2,837	4,102
Additions to deferred lease costs	(2,561)	(1,960)
Payments for other investing activities	(1,972)	(2,199)
Proceeds from other investing activities	5,357	3,426
Net cash used in investing activities	(67,352)	(87,139)
FINANCING ACTIVITIES
Cash dividends paid	(89,771)	(76,298)
Distributions to noncontrolling interests in Operating Partnership	(3,813)	(3,369)
Proceeds from revolving credit facility	262,000	0
Repayments of revolving credit facility	(275,000)	0
Repayments of notes, mortgages and loans	(3,813)	(3,629)
Issuance of common shares, including transaction costs	24,070	2,471
Employee income taxes paid related to shares withheld upon vesting of equity awards	(10,665)	(6,963)
Additions to deferred financing costs	(6,876)	0
Proceeds from exercise of options	1,166	653
Payment for other financing activities	(861)	(941)
Contributions from noncontrolling interests in other consolidated partnerships	80	0
Distributions to noncontrolling interests in other consolidated partnerships	0
Net cash used in financing activities	(103,483)	(88,324)
Effect of foreign currency rate changes on cash and cash equivalents	76	(315)
Net decrease in cash and cash equivalents	(1,725)	(23,665)
Cash and cash equivalents, beginning of period	12,778	212,124
Cash and cash equivalents, end of period	$ 11,053	$ 188,459

TANGER PROPERTIES LIMITED PARTN

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Rental property:
Land	$ 303,605	$ 303,605
Buildings, improvements and fixtures	3,011,234	2,938,434
Construction in progress	9,421	29,201
Rental property, at cost, total	3,324,260	3,271,240
Accumulated depreciation	(1,401,334)	(1,318,264)
Total rental property, net	1,922,926	1,952,976
Cash and cash equivalents	11,053	12,778
Short-term investments	0	9,187
Investments in unconsolidated joint ventures	70,245	71,900
Deferred lease costs and other intangibles, net	77,508	91,269
Operating lease right-of-use assets	76,431	77,400
Prepaids and other assets	117,128	108,609
Total assets	2,275,291	2,324,119
Debt:
Senior, unsecured notes, net	1,041,240	1,039,840
Unsecured term loan, net	322,967	322,322
Mortgages payable, net	60,186	64,041
Unsecured lines of credit	0	13,000
Total debt	1,424,393	1,439,203
Accounts payable and accrued expenses	86,761	118,505
Operating lease liabilities	85,079	86,076
Other liabilities	86,426	89,022
Total liabilities	1,682,659	1,732,806
Commitments and contingencies
Partners’ Equity:
Accumulated other comprehensive loss	(27,418)	(23,519)
Noncontrolling interests in other consolidated partnerships	0	0
Total liabilities and equity	2,275,291	2,324,119
Tanger Properties Limited Partnership
Rental property:
Land	303,605	303,605
Buildings, improvements and fixtures	3,011,234	2,938,434
Construction in progress	9,421	29,201
Rental property, at cost, total	3,324,260	3,271,240
Accumulated depreciation	(1,401,334)	(1,318,264)
Total rental property, net	1,922,926	1,952,976
Cash and cash equivalents	10,830	12,572
Short-term investments	0	9,187
Investments in unconsolidated joint ventures	70,245	71,900
Deferred lease costs and other intangibles, net	77,508	91,269
Operating lease right-of-use assets	76,431	77,400
Prepaids and other assets	116,714	108,157
Total assets	2,274,654	2,323,461
Debt:
Senior, unsecured notes, net	1,041,240	1,039,840
Unsecured term loan, net	322,967	322,322
Mortgages payable, net	60,186	64,041
Unsecured lines of credit	0	13,000
Total debt	1,424,393	1,439,203
Accounts payable and accrued expenses	86,124	117,847
Operating lease liabilities	85,079	86,076
Other liabilities	86,426	89,022
Total liabilities	1,682,022	1,732,148
Commitments and contingencies
Partners’ Equity:
General partner, 1,150,000 units outstanding at September 30, 2024 and 1,150,000 units outstanding at December 31, 2023, respectively	5,599	5,776
Limited partners, 4,707,958 and 4,707,958 Class A common units, and 109,058,387 and 107,643,251 Class B common units outstanding at September 30, 2024 and December 31, 2023, respectively	615,884	610,330
Accumulated other comprehensive loss	(28,851)	(24,793)
Total partners’ equity	592,632	591,313
Noncontrolling interests in other consolidated partnerships	0	0
Total equity	592,632	591,313
Total liabilities and equity	$ 2,274,654	$ 2,323,461
General partner units, outstanding (in units)	1,150	1,150

TANGER PROPERTIES LIMITED PAR_2

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - Tanger Properties Limited Partnership - shares	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
General partner units, outstanding (in units)	1,150,000		1,150,000
Class A
Limited partners units, outstanding (in units)	4,707,958	4,707,958	4,707,958	4,737,982	4,737,982	4,737,982
Class B
Limited partners units, outstanding (in units)	109,058,387	108,203,536	107,643,251	104,226,191	104,085,781	103,397,920

TANGER PROPERTIES LIMITED PAR_3

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Rental revenues	$ 125,221	$ 110,835	$ 365,349	$ 319,005
Management, leasing and other services	2,485	2,138	7,095	6,174
Other revenues	5,295	4,373	12,884	11,751
Total revenues	133,001	117,346	385,328	336,930
Expenses:
Property operating	40,247	36,758	113,261	103,618
General and administrative	18,215	18,937	56,518	54,675
Depreciation and amortization	35,376	25,374	103,410	76,656
Total expenses	93,838	81,069	273,189	234,949
Other income (expense):
Interest expense	(15,493)	(11,688)	(45,546)	(35,997)
Other income (expense)	(52)	1,899	755	7,023
Total other income (expense)	(15,545)	(9,789)	(44,791)	(28,974)
Income before equity in earnings of unconsolidated joint ventures	23,618	26,488	67,348	73,007
Equity in earnings of unconsolidated joint ventures	2,312	2,389	7,803	6,030
Net income	25,930	28,877	75,151	79,037
Noncontrolling interests in Operating Partnership	(1,074)	(1,253)	(3,122)	(3,422)
Net income attributable to Tanger Inc.	$ 24,856	$ 27,624	$ 72,109	$ 75,367
Basic earnings per common share/unit
Net income (loss) (in dollars per share)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common share/unit
Net income (loss) (in dollars per share)	$ 0.22	$ 0.26	$ 0.65	$ 0.70
Tanger Properties Limited Partnership
Revenues:
Rental revenues	$ 125,221	$ 110,835	$ 365,349	$ 319,005
Management, leasing and other services	2,485	2,138	7,095	6,174
Other revenues	5,295	4,373	12,884	11,751
Total revenues	133,001	117,346	385,328	336,930
Expenses:
Property operating	40,247	36,758	113,261	103,618
General and administrative	18,215	18,937	56,518	54,675
Depreciation and amortization	35,376	25,374	103,410	76,656
Total expenses	93,838	81,069	273,189	234,949
Other income (expense):
Interest expense	(15,493)	(11,688)	(45,546)	(35,997)
Other income (expense)	(52)	1,899	755	7,023
Total other income (expense)	(15,545)	(9,789)	(44,791)	(28,974)
Income before equity in earnings of unconsolidated joint ventures	23,618	26,488	67,348	73,007
Equity in earnings of unconsolidated joint ventures	2,312	2,389	7,803	6,030
Net income	25,930	28,877	75,151	79,037
Noncontrolling interests in Operating Partnership	0	0	80	(248)
Net income attributable to Tanger Inc.	25,930	28,877	75,231	78,789
Net income available to limited partners	25,671	28,588	74,477	78,001
Net income available to general partner	$ 259	$ 289	$ 754	$ 788
Basic earnings per common share/unit
Net income (loss) (in dollars per share)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common share/unit
Net income (loss) (in dollars per share)	$ 0.22	$ 0.26	$ 0.65	$ 0.70

TANGER PROPERTIES LIMITED PAR_4

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 25,930,000	$ 28,877,000	$ 75,151,000	$ 79,037,000
Other comprehensive income (loss):
Foreign currency translation adjustments	(139,000)	(1,765,000)	(1,051,000)	(376,000)
Change in fair value of cash flow hedges	(6,894,000)	(1,845,000)	(3,007,000)	(5,644,000)
Other comprehensive income (loss)	(7,033,000)	(3,610,000)	(4,058,000)	(6,020,000)
Comprehensive income	18,897,000	25,267,000	71,093,000	73,017,000
Comprehensive income attributable to noncontrolling interests in consolidated partnerships	(792,000)	(1,096,000)	(2,963,000)	(3,160,000)
Comprehensive income attributable to the Operating Partnership	18,105,000	24,171,000	68,130,000	69,857,000
Tanger Properties Limited Partnership
Net income	25,930,000	28,877,000	75,151,000	79,037,000
Other comprehensive income (loss):
Foreign currency translation adjustments	(139,000)	(1,765,000)	(1,051,000)	(376,000)
Change in fair value of cash flow hedges	(6,894,000)	(1,845,000)	(3,007,000)	(5,644,000)
Other comprehensive income (loss)	(7,033,000)	(3,610,000)	(4,058,000)	(6,020,000)
Comprehensive income	18,897,000	25,267,000	71,093,000	73,017,000
Comprehensive income attributable to noncontrolling interests in consolidated partnerships	0	0	80,000	(248,000)
Comprehensive income attributable to the Operating Partnership	18,897,000	$ 25,267,000	$ 71,173,000	$ 72,769,000
Forfeiture of restricted common share awards	$ 0

TANGER PROPERTIES LIMITED PAR_5

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY - USD ($)	Total	Common shares	Paid in capital	Equity attributable to Tanger Factory Outlet Centers, Inc.	Tanger Properties Limited Partnership	Tanger Properties Limited Partnership Noncontrolling interests in consolidated partnerships	Tanger Properties Limited Partnership Tanger Inc. Accumulated Other Comprehensive Income (Loss)	Tanger Properties Limited Partnership Equity attributable to Tanger Factory Outlet Centers, Inc.	Tanger Properties Limited Partnership General partner	Tanger Properties Limited Partnership Limited partners
Beginning balance at Dec. 31, 2022					$ 513,934,000	$ 0	$ (11,750,000)	$ 513,934,000	$ 4,516,000	$ 521,168,000
Beginning Balance at Dec. 31, 2022	$ 513,934,000	$ 1,045,000	$ 987,192,000	$ 491,643,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	79,037,000			75,367,000	79,037,000	248,000		78,789,000	788,000	78,001,000
Other comprehensive income (loss)	(6,020,000)			(5,758,000)	(6,020,000)		(6,020,000)	(6,020,000)
Compensation under Incentive Award Plan	9,234,000		9,234,000	9,234,000	9,234,000			9,234,000		9,234,000
Issuance of common units upon exercise of options	653,000		653,000	653,000	653,000			653,000		653,000
Issuance of partner units	2,471,000	1,000	2,470,000	2,471,000	2,471,000			2,471,000	122,000	2,349,000
Withholding of common units for employee income taxes	(6,963,000)	(3,000)	(6,960,000)	(6,963,000)	(6,963,000)			(6,963,000)		(6,963,000)
Grant of restricted common share awards by the Company	(1,000)	10,000	(11,000)	(1,000)
Common distributions					(79,916,000)	(248,000)		(79,668,000)	(782,000)	(78,886,000)
Ending Balance at Sep. 30, 2023	$ 512,430,000	1,053,000	992,901,000	490,671,000
Ending balance at Sep. 30, 2023					512,430,000	0	(17,770,000)	512,430,000	4,644,000	525,556,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common dividends (in dollars per share)	$ 0.7100
Beginning balance at Jun. 30, 2023					507,743,000	0	(14,160,000)	507,743,000	4,503,000	517,400,000
Beginning Balance at Jun. 30, 2023	$ 507,743,000	1,052,000	986,472,000	485,909,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	28,877,000			27,624,000	28,877,000	0		28,877,000	289,000	28,588,000
Other comprehensive income (loss)	(3,610,000)			(3,453,000)	(3,610,000)		(3,610,000)	(3,610,000)
Compensation under Incentive Award Plan	3,459,000		3,459,000	3,459,000	3,459,000			3,459,000		3,459,000
Issuance of common units upon exercise of options	610,000		610,000	610,000	610,000			610,000		610,000
Issuance of partner units	2,471,000	1,000	2,470,000	2,471,000	2,471,000			2,471,000	122,000	2,349,000
Withholding of common units for employee income taxes	(120,000)	0	(120,000)	(120,000)	(120,000)			(120,000)		(120,000)
Common distributions					(27,000,000)	0		(27,000,000)	(270,000)	(26,730,000)
Ending Balance at Sep. 30, 2023	$ 512,430,000	1,053,000	992,901,000	490,671,000
Ending balance at Sep. 30, 2023					512,430,000	0	(17,770,000)	512,430,000	4,644,000	525,556,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common dividends (in dollars per share)	$ 0.245
Beginning Balance at Dec. 31, 2023					591,313,000
Beginning balance at Dec. 31, 2023					591,313,000	0	(24,793,000)	591,313,000	5,776,000	610,330,000
Beginning Balance at Dec. 31, 2023	$ 591,313,000	1,088,000	1,079,387,000	566,785,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	75,151,000			72,109,000	75,151,000	(80,000)		75,231,000	754,000	74,477,000
Other comprehensive income (loss)	(4,058,000)			(3,899,000)	(4,058,000)		(4,058,000)	(4,058,000)
Compensation under Incentive Award Plan	9,159,000		9,159,000	9,159,000	9,159,000			9,159,000		9,159,000
Issuance of common units upon exercise of options	1,166,000		1,166,000	1,166,000	1,166,000			1,166,000		1,166,000
Issuance of partner units	24,070,000	8,000	24,062,000		24,070,000			24,070,000		24,070,000
Withholding of common units for employee income taxes	(10,665,000)	(3,000)	(10,662,000)	(10,665,000)	(10,665,000)			(10,665,000)		(10,665,000)
Contributions from noncontrolling interests	80,000				80,000	80,000
Grant of restricted common share awards by the Company		8,000	(8,000)		0
Common distributions					(93,584,000)			(93,584,000)	(931,000)	(92,653,000)
Ending Balance at Sep. 30, 2024	$ 592,632,000	1,102,000	1,102,443,000	568,294,000
Ending Balance at Sep. 30, 2024					592,632,000	0	(28,851,000)	592,632,000	5,599,000	615,884,000
Ending balance at Sep. 30, 2024					592,632,000	0	(28,851,000)	592,632,000	5,599,000	615,884,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common dividends (in dollars per share)	$ 0.81
Beginning balance at Jun. 30, 2024					577,580,000	0	(21,818,000)	577,580,000	5,656,000	593,742,000
Beginning Balance at Jun. 30, 2024	$ 577,580,000	1,094,000	1,075,902,000	553,740,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25,930,000			24,856,000	25,930,000	0		25,930,000	259,000	25,671,000
Other comprehensive income (loss)	(7,033,000)			(6,751,000)	(7,033,000)		(7,033,000)	(7,033,000)
Compensation under Incentive Award Plan	2,901,000		2,901,000	2,901,000	2,901,000			2,901,000		2,901,000
Issuance of common units upon exercise of options	633,000		633,000	633,000	633,000			633,000		633,000
Issuance of partner units	24,070,000	8,000	24,062,000	24,070,000	24,070,000			24,070,000		24,070,000
Forfeiture of restricted common share awards					0
Withholding of common units for employee income taxes			(141,000)		(141,000)			(141,000)		(141,000)
Common distributions					(31,308,000)	0		(31,308,000)	(316,000)	(30,992,000)
Ending Balance at Sep. 30, 2024	$ 592,632,000	$ 1,102,000	$ 1,102,443,000	$ 568,294,000
Ending Balance at Sep. 30, 2024					592,632,000	0	(28,851,000)	592,632,000	5,599,000	615,884,000
Ending balance at Sep. 30, 2024					$ 592,632,000	$ 0	$ (28,851,000)	$ 592,632,000	$ 5,599,000	$ 615,884,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common dividends (in dollars per share)	$ 0.275

TANGER PROPERTIES LIMITED PAR_6

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Forfeitures of restricted common share awards by the company (in shares)	4,450
Issuance of common units upon exercise of stock options	45,625	44,300	70,625	51,500
Grant of restricted common share awards, net of forfeitures (in units)				1,042,932
Issuance of shares (in shares)	818,943	106,615	818,943	106,615
Withholding of common units for employee income taxes (in units)		5,505	5,267	367,776
Common distributions (in dollars per share)	$ 0.275
Grant of restricted common share awards by the Company				$ (1)
Tanger Properties Limited Partnership
Issuance of common units upon exercise of stock options	44,300			51,500
Grant of restricted common share awards, net of forfeitures (in units)			770,265
Issuance of shares (in shares)			136,469
Withholding of common units for employee income taxes (in units)		5,505	381,166	367,776
Common distributions (in dollars per share)		$ 0.245		$ 0.7100
Grant of restricted common share awards by the Company			$ 0
Tanger Properties Limited Partnership | General partner
Issuance of shares (in shares)	5,000		5,000
Tanger Properties Limited Partnership | Limited partners
Issuance of shares (in shares)	101,615		101,615

TANGER PROPERTIES LIMITED PAR_7

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income (loss)	$ 75,151	$ 79,037
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	103,410	76,656
Amortization of deferred financing costs	2,609	2,395
Equity in earnings of unconsolidated joint ventures	(7,803)	(6,030)
Equity-based compensation expense	8,980	9,040
Amortization of debt discounts, net	548	537
Amortization (accretion) of market rent rate adjustments, net	393	545
Straight-line rent adjustments	(361)	1,409
Distributions of cumulative earnings from unconsolidated joint ventures	5,551	6,153
Changes in other assets and liabilities:
Other assets	1,118	30
Accounts payable and accrued expenses	(20,562)	(17,659)
Net cash provided by operating activities	169,034	152,113
INVESTING ACTIVITIES
Additions to rental property	(73,430)	(120,070)
Additions to investments in unconsolidated joint ventures	0	(2,612)
Additions to short-term investments	0	(7,679)
Proceeds from short-term investments	(9,187)	(46,979)
Additions to non-real estate assets	(6,770)	(7,126)
Distributions in excess of cumulative earnings from unconsolidated joint ventures	2,837	4,102
Additions to deferred lease costs	(2,561)	(1,960)
Payments for other investing activities	(1,972)	(2,199)
Proceeds from other investing activities	5,357	3,426
Net cash used in investing activities	(67,352)	(87,139)
FINANCING ACTIVITIES
Cash dividends paid	(89,771)	(76,298)
Repayments of notes, mortgages and loans	(3,813)	(3,629)
Employee income taxes paid related to shares withheld upon vesting of equity awards	(10,665)	(6,963)
Additions to deferred financing costs	(6,876)	0
Proceeds from exercise of options	1,166	653
Payment for other financing activities	(861)	(941)
Contributions from noncontrolling interests in other consolidated partnerships	80	0
Distributions to noncontrolling interests in other consolidated partnerships	0
Net cash used in financing activities	(103,483)	(88,324)
Effect of foreign currency rate changes on cash and cash equivalents	76	(315)
Net decrease in cash and cash equivalents	(1,725)	(23,665)
Cash and cash equivalents, beginning of period	12,778	212,124
Cash and cash equivalents, end of period	11,053	188,459
Common shares
FINANCING ACTIVITIES
Employee income taxes paid related to shares withheld upon vesting of equity awards		(6,963)
Additions to deferred financing costs		0
Distributions to noncontrolling interests in other consolidated partnerships	(248)
Tanger Properties Limited Partnership
OPERATING ACTIVITIES
Net income (loss)	75,151	79,037
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	103,410	76,656
Amortization of deferred financing costs	2,609	2,395
Equity in earnings of unconsolidated joint ventures	(7,803)	(6,030)
Equity-based compensation expense	8,980	9,040
Amortization of debt discounts, net	548	537
Amortization (accretion) of market rent rate adjustments, net	393	545
Straight-line rent adjustments	(361)	1,409
Distributions of cumulative earnings from unconsolidated joint ventures	5,551	6,153
Changes in other assets and liabilities:
Other assets	1,079	(373)
Accounts payable and accrued expenses	(20,540)	(17,499)
Net cash provided by operating activities	169,017	151,870
INVESTING ACTIVITIES
Additions to rental property	(73,430)	(120,070)
Additions to investments in unconsolidated joint ventures	0
Additions to investments in unconsolidated joint ventures		(2,612)
Additions to short-term investments	0	(7,679)
Proceeds from short-term investments	(9,187)	(46,979)
Additions to non-real estate assets	(6,770)	(7,126)
Distributions in excess of cumulative earnings from unconsolidated joint ventures	2,837	4,102
Additions to deferred lease costs	(2,561)	(1,960)
Payments for other investing activities	(1,972)	(2,199)
Proceeds from other investing activities	5,357	3,426
Net cash used in investing activities	(67,352)	(87,139)
FINANCING ACTIVITIES
Cash dividends paid	(93,584)	(79,667)
Proceeds from notes, mortgages and loans	262,000	0
Repayments of revolving credit facility	(275,000)	0
Repayments of notes, mortgages and loans	(3,813)	(3,629)
Issuance of units, including transaction costs	24,070	2,471
Employee income taxes paid related to shares withheld upon vesting of equity awards	(10,665)
Additions to deferred financing costs	(6,876)
Proceeds from exercise of options	1,166	653
Payment for other financing activities	(861)	(941)
Contributions from noncontrolling interests in other consolidated partnerships	80	0
Distributions to noncontrolling interests in other consolidated partnerships	0	(248)
Net cash used in financing activities	(103,483)	(88,324)
Effect of foreign currency rate changes on cash and cash equivalents	76	(315)
Net decrease in cash and cash equivalents	(1,742)	(23,908)
Cash and cash equivalents, beginning of period	12,572	212,011
Cash and cash equivalents, end of period	$ 10,830	$ 188,103

Business

Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Business Tanger Inc. and its subsidiaries, which we refer to as the Company, is one of the leading owners and operators of outlet and open-air retail centers in the United States and Canada. We are a fully-integrated, self-administered and self-managed real estate investment trust, which, through our controlling interest in Tanger Properties Limited Partnership and its subsidiaries, which we refer to as the Operating Partnership, focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. As of September 30, 2024, we owned and operated 31 consolidated outlet centers and one open-air lifestyle center, with a total gross leasable area of approximately 12.7 million square feet, which were 97% occupied and contained over 2,500 stores representing approximately 660 store brands. We also had partial ownership interests in 6 unconsolidated centers totaling approximately 2.1 million square feet, including 2 centers in Canada. The portfolio also includes two managed centers, totaling approximately 760,000 square feet. Each of our centers, except one joint venture center, features the Tanger brand name. All references to gross leasable area, square feet, occupancy, stores and store brands contained in the notes to the consolidated financial statements are unaudited. Our shopping centers and other assets are held by, and all of our operations are conducted by the Operating Partnership. Accordingly, the descriptions of our business, employees and assets are also descriptions of the business, employees and assets of the Operating Partnership. Unless the context indicates otherwise, the term “Company” refers to Tanger Inc. and subsidiaries and the term “Operating Partnership” refers to Tanger Properties Limited Partnership and subsidiaries. The terms “we”, “our” and “us” refer to the Company or the Company and the Operating Partnership together, as the text requires. On November 16, 2023, we changed our legal name from Tanger Factory Outlet Centers, Inc. to Tanger Inc. We refer to Tanger Inc.’s current legal name throughout this Quarterly Report on Form 10-Q.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to accounting principles generally accepted in the United States of America (“GAAP”) and should be read in conjunction with the consolidated financial statements and notes thereto of the Company’s and the Operating Partnership’s combined Annual Report on Form 10-K for the year ended December 31, 2023. The December 31, 2023 balance sheet data in this Form 10-Q was derived from the Company’s audited financial statements. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), although management believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods have been made. The results of interim periods are not necessarily indicative of the results for a full year. The Company currently consolidates the Operating Partnership because it has (1) the power to direct the activities of the Operating Partnership that most significantly impact the Operating Partnership’s economic performance and (2) the obligation to absorb losses and the right to receive the residual returns of the Operating Partnership that could be potentially significant. We consolidate properties that are wholly-owned and properties where we own less than 100% but control such properties. Control is determined using an evaluation based on accounting standards related to the consolidation of voting interest entities and variable interest entities (“VIE”). For joint ventures that are determined to be a VIE, we consolidate the entity where we are deemed to be the primary beneficiary. Determination of the primary beneficiary is based on whether an entity has (1) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and (2) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. Our determination of the primary beneficiary considers all relationships between us and the VIE, including management agreements and other contractual arrangements. Investments in real estate joint ventures that we do not control, but may exercise significant influence on, are accounted for using the equity method of accounting. These investments are recorded initially at cost and subsequently adjusted for our equity in the joint venture’s net income or loss, cash contributions, distributions and other adjustments required under the equity method of accounting. For certain investments in real estate joint ventures, we record our equity in the venture’s net income or loss under the hypothetical liquidation at book value method of accounting due to the structures and the preferences we receive on the distributions from our joint ventures pursuant to the respective joint venture agreements for those joint ventures. Under this method, we recognize income and loss in each period based on the change in liquidation proceeds we would receive from a hypothetical liquidation of our investment based on depreciated book value. Therefore, income or loss may be allocated disproportionately as compared to the ownership percentages due to specified preferred return rate thresholds and may be more or less than actual cash distributions received and more or less than what we may receive in the event of an actual liquidation. We separately report investments in joint ventures for which accumulated distributions have exceeded investments in, and our share of net income or loss of, the joint ventures within other liabilities in the consolidated balance sheets because we are committed to provide further financial support to these joint ventures. The carrying amount of our investments in the Charlotte, Columbus, Galveston/Houston, and National Harbor joint ventures are less than zero because of financing or operating distributions that were greater than net income, as net income includes non-cash charges for depreciation and amortization. “Noncontrolling interests in the Operating Partnership” reflects the Non-Company LPs’ percentage ownership of the Operating Partnership’s units. “Noncontrolling interests in other consolidated partnerships” consist of outside equity interests in partnerships or joint ventures not wholly-owned by the Company or the Operating Partnership that are consolidated with the financial results of the Company and Operating Partnership because the Operating Partnership exercises control over the entities that own the properties. Noncontrolling interests are initially recorded in the consolidated balance sheets at fair value based upon purchase price allocations. Income is allocated to the noncontrolling interests based on the allocation provisions within the partnership or joint venture agreements. Accounts Receivable Individual leases are assessed for collectability and upon the determination that the collection of rents is not probable, accrued rent and accounts receivable are written-off as an adjustment to rental revenue. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability is determined to be probable. Further, we assess whether operating lease receivables, at a portfolio level, are appropriately valued based upon an analysis of balances outstanding, historical bad debt levels and current economic trends including discussions with tenants for potential lease amendments. Our estimate of the collectability of accrued rents and accounts receivable is based on the best information available to us at the time of preparing the financial statements. Straight-line rent adjustments recorded as a receivable in prepaids and other assets on the consolidated balance sheets was approximately $49.3 million and $48.9 million as of September 30, 2024 and December 31, 2023, respectively. Impairment of Long-Lived Assets Rental property held and used by us is reviewed for impairment in the event that facts and circumstances indicate the carrying amount of an asset may not be recoverable. In such an event, we compare the estimated future undiscounted cash flows associated with the asset to the asset's carrying amount, and if less than such carrying amount, recognize an impairment loss in an amount by which the carrying amount exceeds its fair value. The cash flow estimates used both for determining recoverability and estimating fair value are inherently judgmental and reflect current and projected trends in rental, occupancy, capitalization, and discount rates, and estimated holding periods for the applicable assets. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows change based on uncertain market conditions or holding periods, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. Due to the financial impacts from the COVID-19 pandemic, we began performing the above described procedures on our Atlantic City, New Jersey center in 2020. While the center’s performance has improved since that time, we have continued to perform those procedures and concluded each quarter that the carrying amount of the asset was recoverable. We evaluate different holding period scenarios and apply probabilities to those scenarios to determine an average holding period of 9.75 years. Management has the intent, and we have the ability, to hold the property for at least this period, and we believe this period is reasonable based on the center’s performance and our history of being a long-term owner and operator of our centers. We believe the carrying value is recoverable because in our models the sum of the estimated future undiscounted cash flows, $59.6 million, and the estimated potential disposition proceeds of the sale of the center, $77.1 million (in aggregate totaling $136.7 million) exceeds the carrying value of $107.8 million by $28.9 million. The recorded carrying amount includes intangible lease costs from our 2011 acquisition of the center. We will continue to monitor circumstances and events in future periods that could affect inputs such as the expected holding period, operating cash flow forecasts and capitalization rates, utilized to determine whether an impairment charge is necessary. As these inputs are difficult to predict and are subject to future events that may alter our assumptions, the future cash flows estimated by management in its impairment analysis may not be achieved, and actual losses or impairment may be realized in the future. If in the future we reduce our estimate of cash flow projections, we may need to record an asset impairment. We have not materially changed the assumptions used in the analysis during the first nine months of 2024. However, we can provide no assurance that material impairment charges with respect to our properties will not occur in future periods.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Joint Ventures	9 Months Ended
	Sep. 30, 2024
Investments In Unconsolidated Real Estate Joint Ventures [Abstract]
Investments in Unconsolidated Real Estate Joint Ventures	Investments in Unconsolidated Real Estate Joint Ventures The equity method of accounting is used to account for each of the individual joint ventures. We have an ownership interest in the following unconsolidated real estate joint ventures: As of September 30, 2024 Joint Venture Center Location Ownership % Square Feet Carrying Value of Investment (in millions) Total Joint Venture Debt, Net (in millions) (1) Investments included in investments in unconsolidated joint ventures: RioCan Canada Ontario, Canada 50.0 % 665 $ 70.2 — Investments included in other liabilities: Charlotte (2) Charlotte, NC 50.0 % 399 (21.5) 98.0 National Harbor (2) National Harbor, MD 50.0 % 341 (11.7) 92.2 Galveston/Houston (2) Texas City, TX 50.0 % 353 (13.5) 57.3 Columbus (2) Columbus, OH 50.0 % 355 (4.3) 70.4 50.0 % 1,448 $ (51.0) $ 317.9 As of December 31, 2023 Joint Venture Center Location Ownership % Square Feet Carrying Value of Investment (in millions) Total Joint Venture Debt, Net (in millions) (1) Investments included in investments in unconsolidated joint ventures: RioCan Canada Ontario, Canada 50.0 % 665 71.9 — Investments included in other liabilities: Charlotte (2) Charlotte, NC 50.0 % 399 $ (20.8) $ 99.2 National Harbor (2) National Harbor, MD 50.0 % 341 (13.7) 93.3 Galveston/Houston (2) Texas City, TX 50.0 % 353 (13.0) 57.1 Columbus (2) Columbus, OH 50.0 % 355 (3.4) 70.4 50.0 % 1,448 $ (50.9) $ 320.0 (1) Net of debt origination costs of $1.8 million as of September 30, 2024 and $2.1 million as of December 31, 2023. (2) We separately report investments in joint ventures for which accumulated distributions have exceeded investments in and our share of net income or loss of the joint ventures within other liabilities in the consolidated balance sheets because we are committed and intend to provide further financial support to these joint ventures. The negative carrying value is due to the distributions of proceeds from mortgage loans and quarterly distributions of excess cash flow exceeding the original contributions from the partners and equity in earnings of the joint ventures. Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Fee: Management and marketing $ 575 $ 553 $ 1,702 $ 1,662 Leasing and other fees 81 99 293 197 Expense reimbursements from unconsolidated joint ventures 1,369 1,197 3,677 3,382 Total Fees $ 2,025 $ 1,849 $ 5,672 $ 5,241 Our investments in real estate joint ventures are reduced by the percentage of the profits earned for leasing and development services associated with our ownership interest in each joint venture. Our carrying value of investments in unconsolidated joint ventures differs from our share of the assets reported in the “Condensed Combined Balance Sheets - Unconsolidated Joint Ventures” shown below due to adjustments to the book basis, including intercompany profits on sales of services that are capitalized by the unconsolidated joint ventures . The differences in basis (totaling $2.4 million and $2.8 million as of September 30, 2024 and December 31, 2023, respectively) are amortized over the various useful lives of the related assets. Condensed combined summary financial information of unconsolidated joint ventures accounted for using the equity method is as follows (in thousands): September 30, 2024 December 31, 2023 Assets Land $ 80,379 $ 82,962 Buildings, improvements and fixtures 467,265 466,496 Construction in progress 1,003 223 548,647 549,681 Accumulated depreciation (215,605) (203,395) Total rental property, net 333,042 346,286 Cash and cash equivalents 15,476 14,040 Deferred lease costs and other intangibles, net 2,459 2,637 Prepaids and other assets 11,491 11,616 Total assets $ 362,468 $ 374,579 Liabilities and Owners’ Equity Mortgages payable, net $ 317,868 $ 319,957 Accounts payable and other liabilities 13,177 16,013 Total liabilities 331,045 335,970 Owners’ equity 31,423 38,609 Total liabilities and owners’ equity $ 362,468 $ 374,579 Three months ended Nine months ended Condensed Combined Statements of Operations - Unconsolidated Joint Ventures September 30, September 30, 2024 2023 2024 2023 Revenues $ 23,774 $ 23,548 $ 69,476 $ 67,481 Expenses: Property operating 9,342 9,059 26,210 26,315 General and administrative 40 23 170 212 Depreciation and amortization 5,359 5,151 14,380 15,546 Total expenses 14,741 14,233 40,760 42,073 Other income (expense): Interest expense (4,587) (4,603) (13,675) (13,523) Other income 216 153 598 422 Total other expense (4,371) (4,450) (13,077) (13,101) Net income $ 4,662 $ 4,865 $ 15,639 $ 12,307 The Company and Operating Partnership’s share of: Net income $ 2,312 $ 2,389 $ 7,803 $ 6,030 Depreciation and amortization (real estate related) $ 2,850 $ 2,608 $ 7,450 $ 7,893

Debt Guaranteed by the Company

Debt Guaranteed by the Company	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt Guaranteed by the Company	Debt Guaranteed by the Company All of the Company’s debt is held by the Operating Partnership and its consolidated subsidiaries. The Company guarantees the Operating Partnership’s obligations with respect to its unsecured lines of credit, which have a total borrowing capacity of $620.0 million as of September 30, 2024. The Company also guarantees the Operating Partnership’s unsecured term loan. The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands): As of September 30, 2024 December 31, 2023 Unsecured lines of credit $ — $ 13,000 Unsecured term loan $ 325,000 $ 325,000 The debt of the Operating Partnership consisted of the following (in thousands): As of As of September 30, 2024 December 31, 2023 Stated Interest Rate(s) Maturity Date Maturity Date With Extension Option Principal Book Value (1) Principal Book Value (1) Senior, unsecured notes: Senior notes 3.125% September 2026 $ 350,000 $ 348,900 $ 350,000 $ 348,467 Senior notes 3.875% July 2027 300,000 298,853 300,000 298,546 Senior notes 2.750% September 2031 400,000 393,487 400,000 392,827 Unsecured term loan (4) Adj SOFR + 0.94% January 2027 January 2028 325,000 322,967 325,000 322,322 Mortgages payable: Atlantic City (2) (3) 6.44 % - 7.65% December 2024- December 2026 8,523 8,685 12,336 12,613 Southaven Adj SOFR + 2.00% October 2026 October 2027 51,700 51,501 51,700 51,428 Unsecured lines of credit Adj SOFR + 0.85% April 2028 April 2029 — — 13,000 13,000 Total $ 1,435,223 $ 1,424,393 $ 1,452,036 $ 1,439,203 (1) Includes premiums, discounts and unamortized debt origination costs. These costs were $10.8 million and $12.8 million as of September 30, 2024 and December 31, 2023, respectively. This excludes $7.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended September 30, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet. (2) The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%. (3) Principal and interest due monthly with remaining principal due at maturity. (4) In June 2024, the interest rate spread improved by 1 basis point as the Company exceeded the sustainability metric threshold. In April 2024, the Operating Partnership entered into amendments to its unsecured lines of credit, which, among other things, increased the borrowing capacity from $520 million to $620 million, with an accordion feature to increase total borrowing capacity to $1.2 billion, extended the maturity date from July 14, 2025 to April 12, 2028 (which may be extended by one Certain of our properties, which had a net book value of approximately $241.5 million at September 30, 2024, serve as collateral for mortgages payable. As of September 30, 2024, we maintained unsecured lines of credit that provided for borrowings of up to $620.0 million. The unsecured lines of credit as of September 30, 2024 included a $20.0 million liquidity line and a $600.0 million syndicated line. The syndicated line may be increased up to $1.2 billion through an accordion feature in certain circumstances. The unsecured lines of credit and senior unsecured notes include covenants that require the maintenance of certain ratios, including debt service coverage and leverage, and limit the payment of dividends such that dividends and distributions will not exceed FFO, as defined in the agreements, for the prior fiscal year on an annual basis or 95% of FFO on a cumulative basis. As of September 30, 2024, we believe we were in compliance with all of our debt covenants. Debt Maturities Maturities and principal amortization of the existing long-term debt as of September 30, 2024 for the next five years and thereafter are as follows (in thousands): Calendar Year Amount For the remainder of 2024 $ 1,317 2025 1,501 2026 407,405 2027 625,000 2028 — Thereafter 400,000 Subtotal 1,435,223 Net discount and debt origination costs (10,830) Total $ 1,424,393 We have considered our short-term (one-year or less from the date of filing these financial statements) liquidity needs and the adequacy of our estimated cash flows from operating activities and other financing sources to meet these needs. These other sources include but are not limited to: existing cash, ongoing relationships with certain financial institutions, our ability to sell debt or issue equity subject to market conditions and proceeds from the potential sale of non-core assets. We believe that we have access to the necessary financing to fund our short-term liquidity needs.

Debt of the Operating Partnersh

Debt of the Operating Partnership	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt of the Operating Partnership	Debt Guaranteed by the Company All of the Company’s debt is held by the Operating Partnership and its consolidated subsidiaries. The Company guarantees the Operating Partnership’s obligations with respect to its unsecured lines of credit, which have a total borrowing capacity of $620.0 million as of September 30, 2024. The Company also guarantees the Operating Partnership’s unsecured term loan. The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands): As of September 30, 2024 December 31, 2023 Unsecured lines of credit $ — $ 13,000 Unsecured term loan $ 325,000 $ 325,000 The debt of the Operating Partnership consisted of the following (in thousands): As of As of September 30, 2024 December 31, 2023 Stated Interest Rate(s) Maturity Date Maturity Date With Extension Option Principal Book Value (1) Principal Book Value (1) Senior, unsecured notes: Senior notes 3.125% September 2026 $ 350,000 $ 348,900 $ 350,000 $ 348,467 Senior notes 3.875% July 2027 300,000 298,853 300,000 298,546 Senior notes 2.750% September 2031 400,000 393,487 400,000 392,827 Unsecured term loan (4) Adj SOFR + 0.94% January 2027 January 2028 325,000 322,967 325,000 322,322 Mortgages payable: Atlantic City (2) (3) 6.44 % - 7.65% December 2024- December 2026 8,523 8,685 12,336 12,613 Southaven Adj SOFR + 2.00% October 2026 October 2027 51,700 51,501 51,700 51,428 Unsecured lines of credit Adj SOFR + 0.85% April 2028 April 2029 — — 13,000 13,000 Total $ 1,435,223 $ 1,424,393 $ 1,452,036 $ 1,439,203 (1) Includes premiums, discounts and unamortized debt origination costs. These costs were $10.8 million and $12.8 million as of September 30, 2024 and December 31, 2023, respectively. This excludes $7.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended September 30, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet. (2) The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%. (3) Principal and interest due monthly with remaining principal due at maturity. (4) In June 2024, the interest rate spread improved by 1 basis point as the Company exceeded the sustainability metric threshold. In April 2024, the Operating Partnership entered into amendments to its unsecured lines of credit, which, among other things, increased the borrowing capacity from $520 million to $620 million, with an accordion feature to increase total borrowing capacity to $1.2 billion, extended the maturity date from July 14, 2025 to April 12, 2028 (which may be extended by one Certain of our properties, which had a net book value of approximately $241.5 million at September 30, 2024, serve as collateral for mortgages payable. As of September 30, 2024, we maintained unsecured lines of credit that provided for borrowings of up to $620.0 million. The unsecured lines of credit as of September 30, 2024 included a $20.0 million liquidity line and a $600.0 million syndicated line. The syndicated line may be increased up to $1.2 billion through an accordion feature in certain circumstances. The unsecured lines of credit and senior unsecured notes include covenants that require the maintenance of certain ratios, including debt service coverage and leverage, and limit the payment of dividends such that dividends and distributions will not exceed FFO, as defined in the agreements, for the prior fiscal year on an annual basis or 95% of FFO on a cumulative basis. As of September 30, 2024, we believe we were in compliance with all of our debt covenants. Debt Maturities Maturities and principal amortization of the existing long-term debt as of September 30, 2024 for the next five years and thereafter are as follows (in thousands): Calendar Year Amount For the remainder of 2024 $ 1,317 2025 1,501 2026 407,405 2027 625,000 2028 — Thereafter 400,000 Subtotal 1,435,223 Net discount and debt origination costs (10,830) Total $ 1,424,393 We have considered our short-term (one-year or less from the date of filing these financial statements) liquidity needs and the adequacy of our estimated cash flows from operating activities and other financing sources to meet these needs. These other sources include but are not limited to: existing cash, ongoing relationships with certain financial institutions, our ability to sell debt or issue equity subject to market conditions and proceeds from the potential sale of non-core assets. We believe that we have access to the necessary financing to fund our short-term liquidity needs.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets (notional amounts and fair values in thousands): Fair Value Effective Date Maturity Date Notional Amount Bank Pay Rate Company Fixed Pay Rate September 30, 2024 December 31, 2023 Assets (Liabilities) (1) : July 1, 2019 February 1, 2024 $ 25,000 Daily SOFR 1.7 % $ — $ 88 January 1, 2021 February 1, 2024 150,000 Daily SOFR 0.5 % — 692 January 1, 2021 February 1, 2024 100,000 Daily SOFR 0.2 % — 497 March 1, 2021 February 1, 2024 25,000 Daily SOFR 0.2 % — 124 Total $ 300,000 0.4 % $ — $ 1,401 February 1, 2024 February 1, 2026 75,000 Daily SOFR 3.5 % 175 670 February 1, 2024 August 1, 2026 75,000 Daily SOFR 3.7 % (362) 54 February 1, 2024 January 1, 2027 175,000 Daily SOFR 4.2 % (3,039) (2,435) Total $ 325,000 3.9 % $ (3,226) $ (1,711) (1) Asset balances are recorded in prepaids and other assets on the consolidated balance sheets and liabilities are recorded in other liabilities on the consolidated balance sheets. The derivative financial instruments are comprised of interest rate swaps, which are designated and qualify as cash flow hedges, with various counterparties. We do not use derivatives for trading or speculative purposes and currently do not have any derivatives that are not designated as hedges. Changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive loss and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Interest Rate Swaps (Effective Portion): Amount of gain (loss) recognized in other comprehensive income (loss) $ (6,894) $ (1,845) $ (3,007) $ (5,644)

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are defined as follows: Tier Description Level 1 Observable inputs such as quoted prices in active markets Level 2 Inputs other than quoted prices in active markets that are either directly or indirectly observable Level 3 Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions Fair Value Measurements on a Recurring Basis The following table sets forth our assets and liabilities that are measured at fair value within the fair value hierarchy (in thousands): Level 1 Level 2 Level 3 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Observable Inputs Significant Unobservable Inputs Total Fair value as of September 30, 2024: Assets: Interest rate swaps (prepaids and other assets) $ 497 — $ 497 $ — Total assets $ 497 $ — $ 497 $ — Liabilities: Interest rate swaps (other liabilities) $ (3,722) $ — $ (3,722) $ — Total liabilities $ (3,722) $ — $ (3,722) $ — Level 1 Level 2 Level 3 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Observable Inputs Significant Unobservable Inputs Total Fair value as of December 31, 2023: Asset: Interest rate swaps (prepaids and other assets) $ 2,708 $ — $ 2,708 $ — Total assets $ 2,708 $ — $ 2,708 $ — Liabilities: Interest rate swaps (other liabilities) $ (3,018) $ — $ (3,018) $ — Total liabilities $ (3,018) $ — $ (3,018) $ — Fair values of interest rate swaps are estimated using Level 2 inputs based on current market data received from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles including counterparty risks, credit spreads and interest rate projections, as well as reasonable estimates about relevant future market conditions. Other Fair Value Disclosures The estimated fair value within the fair value hierarchy and recorded value of our debt consisting of senior unsecured notes, unsecured term loans, secured mortgages and unsecured lines of credit were as follows (in thousands): September 30, 2024 December 31, 2023 Level 1 Quoted Prices in Active Markets for Identical Assets or Liabilities $ — $ — Level 2 Significant Observable Inputs 978,398 918,091 Level 3 Significant Unobservable Inputs 384,801 401,609 Total fair value of debt $ 1,363,199 $ 1,319,700 Recorded value of debt $ 1,424,393 $ 1,439,203 Our senior unsecured notes are publicly-traded which provides quoted market rates. However, due to the limited trading volume of these notes, we have classified these instruments as Level 2 in the hierarchy. Our other debt is classified as Level 3 given the unobservable inputs utilized in the valuation. Our unsecured term loan, unsecured lines of credit and variable interest rate mortgages are all SOFR based instruments. When selecting the discount rates for purposes of estimating the fair value of these instruments, we evaluated the original credit spreads and do not believe that the use of them differs materially from current credit spreads for similar instruments and therefore the recorded values of these debt instruments is considered their fair value.

Shareholders' Equity of the Com

Shareholders' Equity of the Company	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Shareholders' Equity of the Company	Shareholders’ Equity of the Company Dividend Declaration In July 2024, the Company's Board of Directors (the “Board”) declared a $0.275 cash dividend per common share payable on August 15, 2024 to each shareholder of record on July 31, 2024, and in its capacity as General Partner of the Operating Partnership, authorized a $0.275 cash distribution per Operating Partnership unit to the Operating Partnership's unitholders. At-the-Market Offering Under our at-the-market stock offering (“ATM Offering”) program, which commenced February 2021, and was replaced with a new program in December 2023, we may offer and sell our common shares, $0.01 par value per share, having an aggregate gross sales price of up to $250.0 million. We may sell the common shares in amounts and at times to be determined by us but we have no obligation to sell any of the common shares. Actual sales, if any, will depend on a variety of factors to be determined by us from time to time, including, among other things, market conditions, the trading price of the common shares, capital needs and determinations by us of the appropriate sources of its funding. We currently intend to use the net proceeds from the sale of common shares pursuant to the ATM Offering program for working capital and general corporate purposes. As of September 30, 2024, we had approximately $195.1 million of common shares remaining available for sale under the ATM Offering program. The following table sets forth information regarding issuances under our ATM Offering program: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Number of common shares settled during the period 818,943 106,615 818,943 106,615 Average price per share $ 30.53 $ 24.89 $ 30.53 $ 24.89 Aggregate gross proceeds (in thousands) $ 25,000 $ 2,654 $ 25,000 $ 2,654 Aggregate net proceeds after commissions and fees (in thousands) $ 24,687 $ 2,621 $ 24,687 $ 2,621 In October 2024, we issued an additional 484,741 common shares under our ATM program at an average price of $33.38 per share, totaling approximately $16.2 million of gross proceeds. Share Repurchase Program In May 2023, the Board authorized the repurchase of up to $100.0 million of the Company’s outstanding common shares through May 31, 2025, replacing the previously authorized plan to repurchase up to $80.0 million of the Company's outstanding common shares through May 31, 2023. Repurchases may be made from time to time through open market, privately-negotiated, structured or derivative transactions (including accelerated share repurchase transactions), or other methods of acquiring common shares. The Company intends to structure open market purchases to occur within pricing and volume requirements of Rule 10b-18 of the Exchange Act. The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate the repurchase of its common shares under this authorization. The Company did not repurchase any common shares in both the three and nine months ended September 30, 2024 and September 30, 2023. The remaining amount of common shares authorized to be repurchased under the program as of September 30, 2024 was approximately $100.0 million.

Partners' Equity of the Operati

Partners' Equity of the Operating Partnership	9 Months Ended
	Sep. 30, 2024
Partners' Equity of the Operating Partnership [Abstract]
Partners' Equity of the Operating Partnership	Partners’ Equity of the Operating Partnership All operating partnership units issued by the Operating Partnership have equal rights with respect to earnings, dividends and net assets. When the Company issues common shares upon the exercise of options, the grant of restricted common share awards, or the exchange of Class A common limited partnership units, the Operating Partnership issues a corresponding Class B common limited partnership unit to Tanger LP Trust, a wholly-owned subsidiary of the Company. Likewise, when the Company repurchases its outstanding common shares, the Operating Partnership repurchases a corresponding amount of Class B common limited partnership units held by Tanger LP Trust. The following table sets forth the changes in outstanding partnership units for the three and nine months ended September 30, 2024 and September 30, 2023: Limited Partnership Units General Partnership Units Class A Class B Total Balance June 30, 2023 1,100,000 4,737,982 104,085,781 108,823,763 Options exercised — — 44,300 44,300 Issuance of units 5,000 — 101,615 101,615 Forfeitures of restricted common share awards by the Company — — — — Units withheld for employee income taxes — — (5,505) (5,505) Balance September 30, 2023 1,105,000 4,737,982 104,226,191 108,964,173 Balance December 31, 2022 1,100,000 4,737,982 103,397,920 108,135,902 Options exercised — — 51,500 51,500 Issuance of units 5,000 — 101,615 101,615 Grant of restricted common share awards by the Company, net of forfeitures — — 1,042,932 1,042,932 Units withheld for employee income taxes — — (367,776) (367,776) Balance September 30, 2023 1,105,000 4,737,982 104,226,191 108,964,173 Balance June 30, 2024 1,150,000 4,707,958 108,203,536 112,911,494 Options exercised — — 45,625 45,625 Issuance of units — — 818,943 818,943 Forfeitures of restricted common share awards by the Company — — (4,450) (4,450) Units withheld for employee income taxes — — (5,267) (5,267) Balance September 30, 2024 1,150,000 4,707,958 109,058,387 113,766,345 Balance December 31, 2023 1,150,000 4,707,958 107,643,251 112,351,209 Options exercised — — 70,625 70,625 Issuance of units — — 818,943 818,943 Grant of restricted common share awards by the Company, net of forfeitures — — 770,265 770,265 Issuance of deferred share units — — 136,469 136,469 Units withheld for employee income taxes — — (381,166) (381,166) Balance September 30, 2024 1,150,000 4,707,958 109,058,387 113,766,345

Earnings Per Share of the Compa

Earnings Per Share of the Company	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share of the Company	Earnings Per Share of the Company The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to Tanger Inc. $ 24,856 $ 27,624 $ 72,109 $ 75,367 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common shareholders of Tanger Inc. $ 24,624 $ 27,210 $ 71,417 $ 74,513 Denominator: Basic weighted average common shares 108,972 104,461 108,675 104,308 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common shares 110,704 106,319 110,346 105,989 Basic earnings per common share: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common share: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 We determine diluted earnings per share based on the weighted average number of common shares outstanding combined with the incremental weighted average shares that would have been outstanding assuming all potentially dilutive securities were converted into common shares at the earliest date possible. Notional units granted under our equity compensation plan are considered contingently issuable common shares and are included in earnings per share if the effect is dilutive using the treasury stock method and the common shares would be issuable if the end of the reporting period were the end of the contingency period. For the three and nine months ended September 30, 2024, approximately 120,000 notional units were excluded from the computation because these notional units either would not have been issuable if the end of the reporting period were the end of the contingency period or as they were anti-dilutive. For the three and nine months ended September 30, 2023, no notional units were excluded from the computation. With respect to outstanding options, the effect of dilutive common shares is determined using the treasury stock method, whereby outstanding options are assumed exercised at the beginning of the reporting period and the exercise proceeds from such options and the average measured but unrecognized compensation cost during the period are assumed to be used to repurchase our common shares at the average market price during the period. For the three and nine months ended September 30, 2024, no options were excluded from the computation and for the three and nine months ended September 30, 2023, approximately 333,300 and 475,200 options, respectively, were excluded from the computation as they were anti-dilutive. The assumed exchange of the partnership units held by the Non-Company LPs as of the beginning of the year, which would result in the elimination of earnings allocated to the noncontrolling interest in the Operating Partnership, would have no impact on earnings per share since the allocation of earnings to a common limited partnership unit, as if exchanged, is equivalent to earnings allocated to a common share. Certain of the Company’s unvested restricted common share awards contain non-forfeitable rights to dividends or dividend equivalents. The impact of these unvested restricted common share awards on earnings per share has been calculated using the two-class method whereby earnings are allocated to the unvested restricted common share awards based on dividends declared and the unvested restricted common shares’ participation rights in undistributed earnings. Unvested restricted common shares that do not contain non-forfeitable rights to dividends or dividend equivalents are included in the diluted earnings per share computation if the effect is dilutive, using the treasury stock method. The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to partners of the Operating Partnership $ 25,930 $ 28,877 $ 75,231 $ 78,789 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common unitholders of the Operating Partnership $ 25,698 $ 28,463 $ 74,539 $ 77,935 Denominator: Basic weighted average common units 113,680 109,199 113,383 109,046 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common units 115,412 111,057 115,054 110,727 Basic earnings per common unit: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common unit: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 We determine diluted earnings per unit based on the weighted average number of common units outstanding combined with the incremental weighted average units that would have been outstanding assuming all potentially dilutive securities were converted into common units at the earliest date possible. Notional units granted under our equity compensation plan are considered contingently issuable common units and are included in earnings per unit if the effect is dilutive using the treasury stock method and the common units would be issuable if the end of the reporting period were the end of the contingency period. For the three and nine months ended September 30, 2024, approximately 120,000 notional units were excluded from the computation because these notional units either would not have been issuable if the end of the reporting period were the end of the contingency period or as they were anti-dilutive. For the three and nine months ended September 30, 2023, no notional units were excluded from the computation. With respect to outstanding options, the effect of dilutive common units is determined using the treasury stock method, whereby outstanding options are assumed exercised at the beginning of the reporting period and the exercise proceeds from such options and the average measured but unrecognized compensation cost during the period are assumed to be used to repurchase our common units at the average market price during the period. The market price of a common unit is considered to be equivalent to the market price of a Company common share. For the three and nine months ended September 30, 2024, no options were excluded from the computation and for the three and nine months ended September 30, 2023, approximately 333,300 and 475,200 options, respectively, were excluded from the computation, as they were anti-dilutive. Certain of the Company’s unvested restricted common share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the corresponding unvested restricted unit awards on earnings per unit has been calculated using the two-class method whereby earnings are allocated to the unvested restricted unit awards based on distributions declared and the unvested restricted units’ participation rights in undistributed earnings. Unvested restricted common units that do not contain non-forfeitable rights to dividends or dividend equivalents are included in the diluted earnings per unit computation if the effect is dilutive, using the treasury stock method.

Earnings Per Unit of the Operat

Earnings Per Unit of the Operating Partnership	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Unit of the Operating Partnership	Earnings Per Share of the Company The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to Tanger Inc. $ 24,856 $ 27,624 $ 72,109 $ 75,367 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common shareholders of Tanger Inc. $ 24,624 $ 27,210 $ 71,417 $ 74,513 Denominator: Basic weighted average common shares 108,972 104,461 108,675 104,308 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common shares 110,704 106,319 110,346 105,989 Basic earnings per common share: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common share: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 We determine diluted earnings per share based on the weighted average number of common shares outstanding combined with the incremental weighted average shares that would have been outstanding assuming all potentially dilutive securities were converted into common shares at the earliest date possible. Notional units granted under our equity compensation plan are considered contingently issuable common shares and are included in earnings per share if the effect is dilutive using the treasury stock method and the common shares would be issuable if the end of the reporting period were the end of the contingency period. For the three and nine months ended September 30, 2024, approximately 120,000 notional units were excluded from the computation because these notional units either would not have been issuable if the end of the reporting period were the end of the contingency period or as they were anti-dilutive. For the three and nine months ended September 30, 2023, no notional units were excluded from the computation. With respect to outstanding options, the effect of dilutive common shares is determined using the treasury stock method, whereby outstanding options are assumed exercised at the beginning of the reporting period and the exercise proceeds from such options and the average measured but unrecognized compensation cost during the period are assumed to be used to repurchase our common shares at the average market price during the period. For the three and nine months ended September 30, 2024, no options were excluded from the computation and for the three and nine months ended September 30, 2023, approximately 333,300 and 475,200 options, respectively, were excluded from the computation as they were anti-dilutive. The assumed exchange of the partnership units held by the Non-Company LPs as of the beginning of the year, which would result in the elimination of earnings allocated to the noncontrolling interest in the Operating Partnership, would have no impact on earnings per share since the allocation of earnings to a common limited partnership unit, as if exchanged, is equivalent to earnings allocated to a common share. Certain of the Company’s unvested restricted common share awards contain non-forfeitable rights to dividends or dividend equivalents. The impact of these unvested restricted common share awards on earnings per share has been calculated using the two-class method whereby earnings are allocated to the unvested restricted common share awards based on dividends declared and the unvested restricted common shares’ participation rights in undistributed earnings. Unvested restricted common shares that do not contain non-forfeitable rights to dividends or dividend equivalents are included in the diluted earnings per share computation if the effect is dilutive, using the treasury stock method. The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to partners of the Operating Partnership $ 25,930 $ 28,877 $ 75,231 $ 78,789 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common unitholders of the Operating Partnership $ 25,698 $ 28,463 $ 74,539 $ 77,935 Denominator: Basic weighted average common units 113,680 109,199 113,383 109,046 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common units 115,412 111,057 115,054 110,727 Basic earnings per common unit: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common unit: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 We determine diluted earnings per unit based on the weighted average number of common units outstanding combined with the incremental weighted average units that would have been outstanding assuming all potentially dilutive securities were converted into common units at the earliest date possible. Notional units granted under our equity compensation plan are considered contingently issuable common units and are included in earnings per unit if the effect is dilutive using the treasury stock method and the common units would be issuable if the end of the reporting period were the end of the contingency period. For the three and nine months ended September 30, 2024, approximately 120,000 notional units were excluded from the computation because these notional units either would not have been issuable if the end of the reporting period were the end of the contingency period or as they were anti-dilutive. For the three and nine months ended September 30, 2023, no notional units were excluded from the computation. With respect to outstanding options, the effect of dilutive common units is determined using the treasury stock method, whereby outstanding options are assumed exercised at the beginning of the reporting period and the exercise proceeds from such options and the average measured but unrecognized compensation cost during the period are assumed to be used to repurchase our common units at the average market price during the period. The market price of a common unit is considered to be equivalent to the market price of a Company common share. For the three and nine months ended September 30, 2024, no options were excluded from the computation and for the three and nine months ended September 30, 2023, approximately 333,300 and 475,200 options, respectively, were excluded from the computation, as they were anti-dilutive. Certain of the Company’s unvested restricted common share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the corresponding unvested restricted unit awards on earnings per unit has been calculated using the two-class method whereby earnings are allocated to the unvested restricted unit awards based on distributions declared and the unvested restricted units’ participation rights in undistributed earnings. Unvested restricted common units that do not contain non-forfeitable rights to dividends or dividend equivalents are included in the diluted earnings per unit computation if the effect is dilutive, using the treasury stock method.

Equity-Based Compensation of th

Equity-Based Compensation of the Company	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation of the Company	Equity-Based Compensation of the Company We have a shareholder approved equity-based compensation plan, the Incentive Award Plan of Tanger Inc. and Tanger Properties Limited Partnership, as amended (the “Plan”), which covers our non-employee directors, officers, employees and consultants. Per the Operating Partnership’s limited partnership agreement, when a common share is issued by the Company, the Operating Partnership issues one corresponding operating partnership unit to the Company’s wholly-owned subsidiary, the Tanger LP Trust. Therefore, when the Company grants an equity-based award, the Operating Partnership treats each award as having been granted by the Operating Partnership. In the discussion below, the term “we” refers to the Company and the Operating Partnership together and the term “shares” is meant to also include corresponding units of the Operating Partnership. We recorded equity-based compensation expense in general and administrative expenses in our consolidated statements of operations as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Restricted common shares 1 $ 1,748 $ 1,912 $ 5,690 $ 5,649 Notional unit performance awards 1 1,038 1,393 3,030 3,039 Options 89 83 260 352 Total equity-based compensation $ 2,875 $ 3,388 $ 8,980 $ 9,040 (1) The nine months ended September 30, 2023 includes the reversal of compensation costs related to the voluntary resignation of an executive officer. Equity-based compensation expense capitalized as a part of rental property and deferred lease costs were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Equity-based compensation expense capitalized $ 26 $ 72 $ 179 $ 194 Restricted Common Share and Restricted Share Unit Awards During February 2024, the Company granted approximately 253,000 restricted common shares to the Company’s non-employee directors and the Company’s executive officers. The grant date fair value of the awards was $26.78 per share. The restricted common shares vest ratably over a three-year period on February 15th of each year for executive officers and over a one-year period on February 15th for non-employee directors. Compensation expense related to the amortization of the deferred compensation is being recognized in accordance with the vesting schedule of the restricted shares. For certain restricted shares that vest and restricted share units that are settled during the period, we withhold shares with value equivalent up to the employees’ maximum statutory obligation for the applicable income and other employment taxes, and remit cash to the appropriate taxing authorities. The total number of shares withheld upon vesting or settlement were approximately 381,000 and 368,000 for the nine months ended September 30, 2024 and 2023, respectively. The total number of shares withheld was based on the value of the common shares on the vesting or settlement date as determined by our closing share price on the prior day. Total amounts paid for the employees’ tax obligation to taxing authorities were $10.7 million and $7.0 million for the nine months ended September 30, 2024 and 2023, respectively. These amounts are reflected as financing activities within the consolidated statements of cash flows. 2024 Performance Share Plan During 2024, the Compensation Committee of the Company approved the general terms of the Tanger Inc. 2024 Performance Share Plan (the “2024 PSP”) covering the Company's executive officers whereby a maximum of approximately 367,000 restricted common shares may be earned if certain share price appreciation goals are achieved over a three-year measurement period. The 2024 PSP is a long-term incentive compensation plan. Recipients may earn units which may convert into restricted common shares of the Company based on the Company’s absolute share price appreciation (or absolute total shareholder return) and its share price appreciation relative to its peer group (or relative total shareholder return) over a three-year measurement period. Any shares earned at the end of the three-year measurement period are subject to a time-based vesting schedule, with 50% of the shares vesting immediately following the measurement period, and the remaining 50% vesting one-year thereafter, contingent upon continued employment with the Company through the vesting date (unless terminated prior thereto (a) by the Company without cause, (b) by participant for good reason or, (c) due to death or disability). The following table sets forth 2024 PSP performance targets and other relevant information about the 2024 PSP: Performance targets (1) Absolute portion of award: Percent of total award 33.3% Absolute total shareholder return range 26% - 40.5% Percentage of units to be earned 20% - 100% Relative portion of award: Percent of total award 66.7% Percentile rank of peer group range (2) 30th - 80th Percentage of units to be earned 20% - 100% Maximum number of restricted common shares that may be earned 367,000 February grant date fair value per share $16.36 (1) The number of restricted common shares received under the 2024 PSP will be determined on a pro-rata basis by linear interpolation between total shareholder return thresholds, both for absolute total shareholder return and for relative total shareholder return amongst the Company’s peer group. (2) The peer group is based on companies included in the FTSE Nareit Retail Index. The fair values of the 2024 PSP awards granted during the nine months ended were determined at the grant dates using a Monte Carlo simulation pricing model and the following assumptions: Risk free interest rate (1) 4.4 % Expected dividend yield (2) 4.3 % Expected volatility (3) 37 % (1) Represents the interest rate as of the grant date on U.S. treasury bonds having the same life as the estimated life of the restricted unit grants. (2) The dividend yield is calculated utilizing the average dividend yield over the previous three-year period and the current dividend yield as of the valuation date. (3) Based on a mix of historical and implied volatility for our common shares and the common shares of our peer index companies over the measurement period. 2021 Performance Share Plan In February 2024, the measurement period for the 2021 Performance Share Plan (the “2021 PSP") concluded. Based on the Company’s absolute share price appreciation and relative total shareholder return over the three-year measurement period, we issued 479,097 restricted common shares in February 2024, with 343,996 vesting immediately and the remaining 135,101 vesting in February 2025. The vesting of those 135,101 shares is contingent upon continued employment with the Company through the vesting date (unless terminated prior thereto (a) by the Company without cause, (b) by participant for good reason or (c) due to death or disability, in which cases vesting will accelerate).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) of the Company	9 Months Ended
	Sep. 30, 2024
Statement of Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss) of the Company	Accumulated Other Comprehensive Income (Loss) of the Company The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023 (in thousands): Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2024 $ (23,961) $ 3,294 $ (20,667) $ (1,331) $ 177 $ (1,154) Other comprehensive income before reclassifications (178) (178) 39 39 Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges (6,573) (6,573) (320) (320) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2023 $ (23,085) $ (434) $ (23,519) $ (1,293) $ 19 $ (1,274) Other comprehensive income before reclassifications (1,054) — (1,054) 1 — 1 Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (2,845) (2,845) — (162) (162) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2023 $ (23,187) $ 9,845 $ (13,342) $ (1,291) $ 473 $ (818) Other comprehensive income before reclassifications (1,688) — (1,688) (77) — (77) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,765) (1,765) — (80) (80) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2022 $ (24,516) $ 13,479 $ (11,037) $ (1,351) $ 638 $ (713) Other comprehensive income before reclassifications (359) — (359) (17) — (17) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,399) (5,399) — (245) (245) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024. The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 (in thousands): Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2024 $ (25,289) $ 3,471 $ (21,818) Other comprehensive income (loss) before reclassifications (140) — (140) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (6,895) (6,895) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2023 $ (24,376) $ (417) $ (24,793) Other comprehensive income before reclassifications (1,053) — (1,053) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (3,007) (3,007) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2023 $ (24,478) $ 10,318 $ (14,160) Other comprehensive income (loss) before reclassifications (1,765) — (1,765) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,845) (1,845) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2022 $ (25,867) $ 14,117 $ (11,750) Other comprehensive loss before reclassifications (376) — (376) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,644) (5,644) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership	9 Months Ended
	Sep. 30, 2024
Statement of Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership	Accumulated Other Comprehensive Income (Loss) of the Company The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023 (in thousands): Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2024 $ (23,961) $ 3,294 $ (20,667) $ (1,331) $ 177 $ (1,154) Other comprehensive income before reclassifications (178) (178) 39 39 Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges (6,573) (6,573) (320) (320) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2023 $ (23,085) $ (434) $ (23,519) $ (1,293) $ 19 $ (1,274) Other comprehensive income before reclassifications (1,054) — (1,054) 1 — 1 Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (2,845) (2,845) — (162) (162) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2023 $ (23,187) $ 9,845 $ (13,342) $ (1,291) $ 473 $ (818) Other comprehensive income before reclassifications (1,688) — (1,688) (77) — (77) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,765) (1,765) — (80) (80) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2022 $ (24,516) $ 13,479 $ (11,037) $ (1,351) $ 638 $ (713) Other comprehensive income before reclassifications (359) — (359) (17) — (17) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,399) (5,399) — (245) (245) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024. The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 (in thousands): Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2024 $ (25,289) $ 3,471 $ (21,818) Other comprehensive income (loss) before reclassifications (140) — (140) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (6,895) (6,895) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2023 $ (24,376) $ (417) $ (24,793) Other comprehensive income before reclassifications (1,053) — (1,053) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (3,007) (3,007) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2023 $ (24,478) $ 10,318 $ (14,160) Other comprehensive income (loss) before reclassifications (1,765) — (1,765) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,845) (1,845) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2022 $ (25,867) $ 14,117 $ (11,750) Other comprehensive loss before reclassifications (376) — (376) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,644) (5,644) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024.

Lease Agreements

Lease Agreements	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Lease Agreements	Lease Agreements As of September 30, 2024, we were the lessor to approximately 2,500 stores in our 32 consolidated centers, under operating leases with initial terms that expire from 2024 to 2039, with certain agreements containing extension options. Also, certain of our lease agreements require tenants to pay their portion of reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes. The components of rental revenues are as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Rental revenues - fixed $ 98,879 $ 87,315 $ 294,031 $ 252,017 Rental revenues - variable (1) 26,342 23,520 71,318 66,988 Rental revenues $ 125,221 $ 110,835 $ 365,349 $ 319,005 (1) Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information We purchase capital equipment and incur costs relating to construction of facilities, including tenant finishing allowances. Expenditures included in accounts payable and accrued expenses were as follows (in thousands): As of As of September 30, 2024 September 30, 2023 Costs relating to construction included in accounts payable and accrued expenses $ 19,059 $ 29,919 Interest paid, net of interest capitalized was as follows (in thousands): Nine months ended September 30, 2024 2023 Interest paid $ 49,370 $ 39,421

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently issued accounting standards On August 22, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05, an update to Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASU 2023-05”). ASU 2023-05 clarifies existing guidance by requiring a joint venture to recognize and initially measure assets contributed and liabilities assumed at fair value, upon its formation. These amendments are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025, with early adoption permitted. We are evaluating the impact of ASU 2023-05 on our consolidated financial statements. We will apply the provisions of ASU 2023-05 to new joint ventures, as applicable, but do not believe the adoption of ASU 2023-05 will have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 requires, among other updates, enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing reporting requirements under Topic 280. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 updates income tax disclosures related to the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09 also makes several other changes to income tax disclosure requirements. The guidance is effective for fiscal years beginning after December 15, 2024. The guidance should be applied prospectively; however, retrospective application is permitted. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial statements and related disclosures.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declaration In October 2024, the Board declared a $0.275 cash dividend per common share payable on November 15, 2024 to each shareholder of record on October 31, 2024, and in its capacity as General Partner of the Operating Partnership, authorized a $0.275 cash distribution per Operating Partnership unit to the Operating Partnership's unitholders.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Tanger Inc.	$ 24,856	$ 27,624	$ 72,109	$ 75,367

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to accounting principles generally accepted in the United States of America (“GAAP”) and should be read in conjunction with the consolidated financial statements and notes thereto of the Company’s and the Operating Partnership’s combined Annual Report on Form 10-K for the year ended December 31, 2023. The December 31, 2023 balance sheet data in this Form 10-Q was derived from the Company’s audited financial statements. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), although management believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods have been made. The results of interim periods are not necessarily indicative of the results for a full year.
Consolidation	The Company currently consolidates the Operating Partnership because it has (1) the power to direct the activities of the Operating Partnership that most significantly impact the Operating Partnership’s economic performance and (2) the obligation to absorb losses and the right to receive the residual returns of the Operating Partnership that could be potentially significant. We consolidate properties that are wholly-owned and properties where we own less than 100% but control such properties. Control is determined using an evaluation based on accounting standards related to the consolidation of voting interest entities and variable interest entities (“VIE”). For joint ventures that are determined to be a VIE, we consolidate the entity where we are deemed to be the primary beneficiary. Determination of the primary beneficiary is based on whether an entity has (1) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and (2) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. Our determination of the primary beneficiary considers all relationships between us and the VIE, including management agreements and other contractual arrangements. Investments in real estate joint ventures that we do not control, but may exercise significant influence on, are accounted for using the equity method of accounting. These investments are recorded initially at cost and subsequently adjusted for our equity in the joint venture’s net income or loss, cash contributions, distributions and other adjustments required under the equity method of accounting. For certain investments in real estate joint ventures, we record our equity in the venture’s net income or loss under the hypothetical liquidation at book value method of accounting due to the structures and the preferences we receive on the distributions from our joint ventures pursuant to the respective joint venture agreements for those joint ventures. Under this method, we recognize income and loss in each period based on the change in liquidation proceeds we would receive from a hypothetical liquidation of our investment based on depreciated book value. Therefore, income or loss may be allocated disproportionately as compared to the ownership percentages due to specified preferred return rate thresholds and may be more or less than actual cash distributions received and more or less than what we may receive in the event of an actual liquidation. We separately report investments in joint ventures for which accumulated distributions have exceeded investments in, and our share of net income or loss of, the joint ventures within other liabilities in the consolidated balance sheets because we are committed to provide further financial support to these joint ventures. The carrying amount of our investments in the Charlotte, Columbus, Galveston/Houston, and National Harbor joint ventures are less than zero because of financing or operating distributions that were greater than net income, as net income includes non-cash charges for depreciation and amortization.
Accounts Receivable	Accounts Receivable
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Rental property held and used by us is reviewed for impairment in the event that facts and circumstances indicate the carrying amount of an asset may not be recoverable. In such an event, we compare the estimated future undiscounted cash flows associated with the asset to the asset's carrying amount, and if less than such carrying amount, recognize an impairment loss in an amount by which the carrying amount exceeds its fair value. The cash flow estimates used both for determining recoverability and estimating fair value are inherently judgmental and reflect current and projected trends in rental, occupancy, capitalization, and discount rates, and estimated holding periods for the applicable assets. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows change based on uncertain market conditions or holding periods, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. Due to the financial impacts from the COVID-19 pandemic, we began performing the above described procedures on our Atlantic City, New Jersey center in 2020. While the center’s performance has improved since that time, we have continued to perform those procedures and concluded each quarter that the carrying amount of the asset was recoverable. We evaluate different holding period scenarios and apply probabilities to those scenarios to determine an average holding period of 9.75 years. Management has the intent, and we have the ability, to hold the property for at least this period, and we believe this period is reasonable based on the center’s performance and our history of being a long-term owner and operator of our centers. We believe the carrying value is recoverable because in our models the sum of the estimated future undiscounted cash flows, $59.6 million, and the estimated potential disposition proceeds of the sale of the center, $77.1 million (in aggregate totaling $136.7 million) exceeds the carrying value of $107.8 million by $28.9 million. The recorded carrying amount includes intangible lease costs from our 2011 acquisition of the center. We will continue to monitor circumstances and events in future periods that could affect inputs such as the expected holding period, operating cash flow forecasts and capitalization rates, utilized to determine whether an impairment charge is necessary. As these inputs are difficult to predict and are subject to future events that may alter our assumptions, the future cash flows estimated by management in its impairment analysis may not be achieved, and actual losses or impairment may be realized in the future. If in the future we reduce our estimate of cash flow projections, we may need to record an asset impairment. We have not materially changed the assumptions used in the analysis during the first nine months of 2024. However, we can provide no assurance that material impairment charges with respect to our properties will not occur in future periods.
Recently issued accounting standards	Recently issued accounting standards On August 22, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05, an update to Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASU 2023-05”). ASU 2023-05 clarifies existing guidance by requiring a joint venture to recognize and initially measure assets contributed and liabilities assumed at fair value, upon its formation. These amendments are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025, with early adoption permitted. We are evaluating the impact of ASU 2023-05 on our consolidated financial statements. We will apply the provisions of ASU 2023-05 to new joint ventures, as applicable, but do not believe the adoption of ASU 2023-05 will have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 requires, among other updates, enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing reporting requirements under Topic 280. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 updates income tax disclosures related to the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09 also makes several other changes to income tax disclosure requirements. The guidance is effective for fiscal years beginning after December 15, 2024. The guidance should be applied prospectively; however, retrospective application is permitted. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial statements and related disclosures.

Investments in Unconsolidated_2

Investments in Unconsolidated Real Estate Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2024
Investments In Unconsolidated Real Estate Joint Ventures [Abstract]
Schedule of Equity Method Investments	We have an ownership interest in the following unconsolidated real estate joint ventures: As of September 30, 2024 Joint Venture Center Location Ownership % Square Feet Carrying Value of Investment (in millions) Total Joint Venture Debt, Net (in millions) (1) Investments included in investments in unconsolidated joint ventures: RioCan Canada Ontario, Canada 50.0 % 665 $ 70.2 — Investments included in other liabilities: Charlotte (2) Charlotte, NC 50.0 % 399 (21.5) 98.0 National Harbor (2) National Harbor, MD 50.0 % 341 (11.7) 92.2 Galveston/Houston (2) Texas City, TX 50.0 % 353 (13.5) 57.3 Columbus (2) Columbus, OH 50.0 % 355 (4.3) 70.4 50.0 % 1,448 $ (51.0) $ 317.9 As of December 31, 2023 Joint Venture Center Location Ownership % Square Feet Carrying Value of Investment (in millions) Total Joint Venture Debt, Net (in millions) (1) Investments included in investments in unconsolidated joint ventures: RioCan Canada Ontario, Canada 50.0 % 665 71.9 — Investments included in other liabilities: Charlotte (2) Charlotte, NC 50.0 % 399 $ (20.8) $ 99.2 National Harbor (2) National Harbor, MD 50.0 % 341 (13.7) 93.3 Galveston/Houston (2) Texas City, TX 50.0 % 353 (13.0) 57.1 Columbus (2) Columbus, OH 50.0 % 355 (3.4) 70.4 50.0 % 1,448 $ (50.9) $ 320.0 (1) Net of debt origination costs of $1.8 million as of September 30, 2024 and $2.1 million as of December 31, 2023.
Schedule of Development, Loan Guarantee, Management, Leasing, and Marketing Fees Paid By Unconsolidated JVs	Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Fee: Management and marketing $ 575 $ 553 $ 1,702 $ 1,662 Leasing and other fees 81 99 293 197 Expense reimbursements from unconsolidated joint ventures 1,369 1,197 3,677 3,382 Total Fees $ 2,025 $ 1,849 $ 5,672 $ 5,241
Summary Financial Information of Unconsolidated JVs Balance Sheet	Condensed combined summary financial information of unconsolidated joint ventures accounted for using the equity method is as follows (in thousands): September 30, 2024 December 31, 2023 Assets Land $ 80,379 $ 82,962 Buildings, improvements and fixtures 467,265 466,496 Construction in progress 1,003 223 548,647 549,681 Accumulated depreciation (215,605) (203,395) Total rental property, net 333,042 346,286 Cash and cash equivalents 15,476 14,040 Deferred lease costs and other intangibles, net 2,459 2,637 Prepaids and other assets 11,491 11,616 Total assets $ 362,468 $ 374,579 Liabilities and Owners’ Equity Mortgages payable, net $ 317,868 $ 319,957 Accounts payable and other liabilities 13,177 16,013 Total liabilities 331,045 335,970 Owners’ equity 31,423 38,609 Total liabilities and owners’ equity $ 362,468 $ 374,579
Summary Financial Information Of Unconsolidated JVs Statements of Operations	Three months ended Nine months ended Condensed Combined Statements of Operations - Unconsolidated Joint Ventures September 30, September 30, 2024 2023 2024 2023 Revenues $ 23,774 $ 23,548 $ 69,476 $ 67,481 Expenses: Property operating 9,342 9,059 26,210 26,315 General and administrative 40 23 170 212 Depreciation and amortization 5,359 5,151 14,380 15,546 Total expenses 14,741 14,233 40,760 42,073 Other income (expense): Interest expense (4,587) (4,603) (13,675) (13,523) Other income 216 153 598 422 Total other expense (4,371) (4,450) (13,077) (13,101) Net income $ 4,662 $ 4,865 $ 15,639 $ 12,307 The Company and Operating Partnership’s share of: Net income $ 2,312 $ 2,389 $ 7,803 $ 6,030 Depreciation and amortization (real estate related) $ 2,850 $ 2,608 $ 7,450 $ 7,893

Debt Guaranteed by the Company

Debt Guaranteed by the Company (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands): As of September 30, 2024 December 31, 2023 Unsecured lines of credit $ — $ 13,000 Unsecured term loan $ 325,000 $ 325,000 The debt of the Operating Partnership consisted of the following (in thousands): As of As of September 30, 2024 December 31, 2023 Stated Interest Rate(s) Maturity Date Maturity Date With Extension Option Principal Book Value (1) Principal Book Value (1) Senior, unsecured notes: Senior notes 3.125% September 2026 $ 350,000 $ 348,900 $ 350,000 $ 348,467 Senior notes 3.875% July 2027 300,000 298,853 300,000 298,546 Senior notes 2.750% September 2031 400,000 393,487 400,000 392,827 Unsecured term loan (4) Adj SOFR + 0.94% January 2027 January 2028 325,000 322,967 325,000 322,322 Mortgages payable: Atlantic City (2) (3) 6.44 % - 7.65% December 2024- December 2026 8,523 8,685 12,336 12,613 Southaven Adj SOFR + 2.00% October 2026 October 2027 51,700 51,501 51,700 51,428 Unsecured lines of credit Adj SOFR + 0.85% April 2028 April 2029 — — 13,000 13,000 Total $ 1,435,223 $ 1,424,393 $ 1,452,036 $ 1,439,203 (1) Includes premiums, discounts and unamortized debt origination costs. These costs were $10.8 million and $12.8 million as of September 30, 2024 and December 31, 2023, respectively. This excludes $7.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended September 30, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet. (2) The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%. (3) Principal and interest due monthly with remaining principal due at maturity. (4) In June 2024, the interest rate spread improved by 1 basis point as the Company exceeded the sustainability metric threshold.

Debt of the Operating Partner_2

Debt of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands): As of September 30, 2024 December 31, 2023 Unsecured lines of credit $ — $ 13,000 Unsecured term loan $ 325,000 $ 325,000 The debt of the Operating Partnership consisted of the following (in thousands): As of As of September 30, 2024 December 31, 2023 Stated Interest Rate(s) Maturity Date Maturity Date With Extension Option Principal Book Value (1) Principal Book Value (1) Senior, unsecured notes: Senior notes 3.125% September 2026 $ 350,000 $ 348,900 $ 350,000 $ 348,467 Senior notes 3.875% July 2027 300,000 298,853 300,000 298,546 Senior notes 2.750% September 2031 400,000 393,487 400,000 392,827 Unsecured term loan (4) Adj SOFR + 0.94% January 2027 January 2028 325,000 322,967 325,000 322,322 Mortgages payable: Atlantic City (2) (3) 6.44 % - 7.65% December 2024- December 2026 8,523 8,685 12,336 12,613 Southaven Adj SOFR + 2.00% October 2026 October 2027 51,700 51,501 51,700 51,428 Unsecured lines of credit Adj SOFR + 0.85% April 2028 April 2029 — — 13,000 13,000 Total $ 1,435,223 $ 1,424,393 $ 1,452,036 $ 1,439,203 (1) Includes premiums, discounts and unamortized debt origination costs. These costs were $10.8 million and $12.8 million as of September 30, 2024 and December 31, 2023, respectively. This excludes $7.8 million and $2.1 million of unamortized debt origination costs related to the unsecured lines of credit for the periods ended September 30, 2024 and December 31, 2023, respectively, recorded in prepaids and other assets in the consolidated balance sheet. (2) The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%. (3) Principal and interest due monthly with remaining principal due at maturity. (4) In June 2024, the interest rate spread improved by 1 basis point as the Company exceeded the sustainability metric threshold.
Schedule of Maturities of Long-term Debt	Maturities and principal amortization of the existing long-term debt as of September 30, 2024 for the next five years and thereafter are as follows (in thousands): Calendar Year Amount For the remainder of 2024 $ 1,317 2025 1,501 2026 407,405 2027 625,000 2028 — Thereafter 400,000 Subtotal 1,435,223 Net discount and debt origination costs (10,830) Total $ 1,424,393

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets (notional amounts and fair values in thousands): Fair Value Effective Date Maturity Date Notional Amount Bank Pay Rate Company Fixed Pay Rate September 30, 2024 December 31, 2023 Assets (Liabilities) (1) : July 1, 2019 February 1, 2024 $ 25,000 Daily SOFR 1.7 % $ — $ 88 January 1, 2021 February 1, 2024 150,000 Daily SOFR 0.5 % — 692 January 1, 2021 February 1, 2024 100,000 Daily SOFR 0.2 % — 497 March 1, 2021 February 1, 2024 25,000 Daily SOFR 0.2 % — 124 Total $ 300,000 0.4 % $ — $ 1,401 February 1, 2024 February 1, 2026 75,000 Daily SOFR 3.5 % 175 670 February 1, 2024 August 1, 2026 75,000 Daily SOFR 3.7 % (362) 54 February 1, 2024 January 1, 2027 175,000 Daily SOFR 4.2 % (3,039) (2,435) Total $ 325,000 3.9 % $ (3,226) $ (1,711) (1) Asset balances are recorded in prepaids and other assets on the consolidated balance sheets and liabilities are recorded in other liabilities on the consolidated balance sheets. The derivative financial instruments are comprised of interest rate swaps, which are designated and qualify as cash flow hedges, with various counterparties. We do not use derivatives for trading or speculative purposes and currently do not have any derivatives that are not designated as hedges. Changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive loss and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Interest Rate Swaps (Effective Portion): Amount of gain (loss) recognized in other comprehensive income (loss) $ (6,894) $ (1,845) $ (3,007) $ (5,644)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth our assets and liabilities that are measured at fair value within the fair value hierarchy (in thousands): Level 1 Level 2 Level 3 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Observable Inputs Significant Unobservable Inputs Total Fair value as of September 30, 2024: Assets: Interest rate swaps (prepaids and other assets) $ 497 — $ 497 $ — Total assets $ 497 $ — $ 497 $ — Liabilities: Interest rate swaps (other liabilities) $ (3,722) $ — $ (3,722) $ — Total liabilities $ (3,722) $ — $ (3,722) $ — Level 1 Level 2 Level 3 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Observable Inputs Significant Unobservable Inputs Total Fair value as of December 31, 2023: Asset: Interest rate swaps (prepaids and other assets) $ 2,708 $ — $ 2,708 $ — Total assets $ 2,708 $ — $ 2,708 $ — Liabilities: Interest rate swaps (other liabilities) $ (3,018) $ — $ (3,018) $ — Total liabilities $ (3,018) $ — $ (3,018) $ —
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The estimated fair value within the fair value hierarchy and recorded value of our debt consisting of senior unsecured notes, unsecured term loans, secured mortgages and unsecured lines of credit were as follows (in thousands): September 30, 2024 December 31, 2023 Level 1 Quoted Prices in Active Markets for Identical Assets or Liabilities $ — $ — Level 2 Significant Observable Inputs 978,398 918,091 Level 3 Significant Unobservable Inputs 384,801 401,609 Total fair value of debt $ 1,363,199 $ 1,319,700 Recorded value of debt $ 1,424,393 $ 1,439,203

Shareholders' Equity of the C_2

Shareholders' Equity of the Company (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of share issuances	The following table sets forth information regarding issuances under our ATM Offering program: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Number of common shares settled during the period 818,943 106,615 818,943 106,615 Average price per share $ 30.53 $ 24.89 $ 30.53 $ 24.89 Aggregate gross proceeds (in thousands) $ 25,000 $ 2,654 $ 25,000 $ 2,654 Aggregate net proceeds after commissions and fees (in thousands) $ 24,687 $ 2,621 $ 24,687 $ 2,621

Partners' Equity of the Opera_2

Partners' Equity of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2024
Partners' Equity of the Operating Partnership [Abstract]
Schedule of Partners' Equity of the Operating Partnership	The following table sets forth the changes in outstanding partnership units for the three and nine months ended September 30, 2024 and September 30, 2023: Limited Partnership Units General Partnership Units Class A Class B Total Balance June 30, 2023 1,100,000 4,737,982 104,085,781 108,823,763 Options exercised — — 44,300 44,300 Issuance of units 5,000 — 101,615 101,615 Forfeitures of restricted common share awards by the Company — — — — Units withheld for employee income taxes — — (5,505) (5,505) Balance September 30, 2023 1,105,000 4,737,982 104,226,191 108,964,173 Balance December 31, 2022 1,100,000 4,737,982 103,397,920 108,135,902 Options exercised — — 51,500 51,500 Issuance of units 5,000 — 101,615 101,615 Grant of restricted common share awards by the Company, net of forfeitures — — 1,042,932 1,042,932 Units withheld for employee income taxes — — (367,776) (367,776) Balance September 30, 2023 1,105,000 4,737,982 104,226,191 108,964,173 Balance June 30, 2024 1,150,000 4,707,958 108,203,536 112,911,494 Options exercised — — 45,625 45,625 Issuance of units — — 818,943 818,943 Forfeitures of restricted common share awards by the Company — — (4,450) (4,450) Units withheld for employee income taxes — — (5,267) (5,267) Balance September 30, 2024 1,150,000 4,707,958 109,058,387 113,766,345 Balance December 31, 2023 1,150,000 4,707,958 107,643,251 112,351,209 Options exercised — — 70,625 70,625 Issuance of units — — 818,943 818,943 Grant of restricted common share awards by the Company, net of forfeitures — — 770,265 770,265 Issuance of deferred share units — — 136,469 136,469 Units withheld for employee income taxes — — (381,166) (381,166) Balance September 30, 2024 1,150,000 4,707,958 109,058,387 113,766,345

Earnings Per Share of the Com_2

Earnings Per Share of the Company (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to Tanger Inc. $ 24,856 $ 27,624 $ 72,109 $ 75,367 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common shareholders of Tanger Inc. $ 24,624 $ 27,210 $ 71,417 $ 74,513 Denominator: Basic weighted average common shares 108,972 104,461 108,675 104,308 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common shares 110,704 106,319 110,346 105,989 Basic earnings per common share: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common share: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to partners of the Operating Partnership $ 25,930 $ 28,877 $ 75,231 $ 78,789 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common unitholders of the Operating Partnership $ 25,698 $ 28,463 $ 74,539 $ 77,935 Denominator: Basic weighted average common units 113,680 109,199 113,383 109,046 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common units 115,412 111,057 115,054 110,727 Basic earnings per common unit: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common unit: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70

Earnings Per Unit of the Oper_2

Earnings Per Unit of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth a reconciliation of the numerators and denominators in computing the Company’s earnings per share (in thousands, except per share amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to Tanger Inc. $ 24,856 $ 27,624 $ 72,109 $ 75,367 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common shareholders of Tanger Inc. $ 24,624 $ 27,210 $ 71,417 $ 74,513 Denominator: Basic weighted average common shares 108,972 104,461 108,675 104,308 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common shares 110,704 106,319 110,346 105,989 Basic earnings per common share: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common share: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70 The following table sets forth a reconciliation of the numerators and denominators in computing earnings per unit (in thousands, except per unit amounts): Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Numerator: Net income attributable to partners of the Operating Partnership $ 25,930 $ 28,877 $ 75,231 $ 78,789 Less allocation of earnings to participating securities (232) (414) (692) (854) Net income available to common unitholders of the Operating Partnership $ 25,698 $ 28,463 $ 74,539 $ 77,935 Denominator: Basic weighted average common units 113,680 109,199 113,383 109,046 Effect of notional units 799 1,026 746 898 Effect of outstanding options 933 832 925 783 Diluted weighted average common units 115,412 111,057 115,054 110,727 Basic earnings per common unit: Net income $ 0.23 $ 0.26 $ 0.66 $ 0.71 Diluted earnings per common unit: Net income $ 0.22 $ 0.26 $ 0.65 $ 0.70

Equity-Based Compensation of _2

Equity-Based Compensation of the Company (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	We recorded equity-based compensation expense in general and administrative expenses in our consolidated statements of operations as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Restricted common shares 1 $ 1,748 $ 1,912 $ 5,690 $ 5,649 Notional unit performance awards 1 1,038 1,393 3,030 3,039 Options 89 83 260 352 Total equity-based compensation $ 2,875 $ 3,388 $ 8,980 $ 9,040 (1) The nine months ended September 30, 2023 includes the reversal of compensation costs related to the voluntary resignation of an executive officer. Equity-based compensation expense capitalized as a part of rental property and deferred lease costs were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Equity-based compensation expense capitalized $ 26 $ 72 $ 179 $ 194
Schedule of Nonvested Performance-based Units Activity	The following table sets forth 2024 PSP performance targets and other relevant information about the 2024 PSP: Performance targets (1) Absolute portion of award: Percent of total award 33.3% Absolute total shareholder return range 26% - 40.5% Percentage of units to be earned 20% - 100% Relative portion of award: Percent of total award 66.7% Percentile rank of peer group range (2) 30th - 80th Percentage of units to be earned 20% - 100% Maximum number of restricted common shares that may be earned 367,000 February grant date fair value per share $16.36 (1) The number of restricted common shares received under the 2024 PSP will be determined on a pro-rata basis by linear interpolation between total shareholder return thresholds, both for absolute total shareholder return and for relative total shareholder return amongst the Company’s peer group. (2) The peer group is based on companies included in the FTSE Nareit Retail Index.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair values of the 2024 PSP awards granted during the nine months ended were determined at the grant dates using a Monte Carlo simulation pricing model and the following assumptions: Risk free interest rate (1) 4.4 % Expected dividend yield (2) 4.3 % Expected volatility (3) 37 % (1) Represents the interest rate as of the grant date on U.S. treasury bonds having the same life as the estimated life of the restricted unit grants. (2) The dividend yield is calculated utilizing the average dividend yield over the previous three-year period and the current dividend yield as of the valuation date. (3)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) of the Company (Tables)	9 Months Ended
	Sep. 30, 2024
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023 (in thousands): Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2024 $ (23,961) $ 3,294 $ (20,667) $ (1,331) $ 177 $ (1,154) Other comprehensive income before reclassifications (178) (178) 39 39 Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges (6,573) (6,573) (320) (320) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2023 $ (23,085) $ (434) $ (23,519) $ (1,293) $ 19 $ (1,274) Other comprehensive income before reclassifications (1,054) — (1,054) 1 — 1 Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (2,845) (2,845) — (162) (162) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2023 $ (23,187) $ 9,845 $ (13,342) $ (1,291) $ 473 $ (818) Other comprehensive income before reclassifications (1,688) — (1,688) (77) — (77) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,765) (1,765) — (80) (80) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2022 $ (24,516) $ 13,479 $ (11,037) $ (1,351) $ 638 $ (713) Other comprehensive income before reclassifications (359) — (359) (17) — (17) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,399) (5,399) — (245) (245) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024. The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 (in thousands): Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2024 $ (25,289) $ 3,471 $ (21,818) Other comprehensive income (loss) before reclassifications (140) — (140) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (6,895) (6,895) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2023 $ (24,376) $ (417) $ (24,793) Other comprehensive income before reclassifications (1,053) — (1,053) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (3,007) (3,007) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2023 $ (24,478) $ 10,318 $ (14,160) Other comprehensive income (loss) before reclassifications (1,765) — (1,765) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,845) (1,845) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2022 $ (25,867) $ 14,117 $ (11,750) Other comprehensive loss before reclassifications (376) — (376) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,644) (5,644) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2024
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023 (in thousands): Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2024 $ (23,961) $ 3,294 $ (20,667) $ (1,331) $ 177 $ (1,154) Other comprehensive income before reclassifications (178) (178) 39 39 Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges (6,573) (6,573) (320) (320) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2023 $ (23,085) $ (434) $ (23,519) $ (1,293) $ 19 $ (1,274) Other comprehensive income before reclassifications (1,054) — (1,054) 1 — 1 Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (2,845) (2,845) — (162) (162) Balance September 30, 2024 $ (24,139) $ (3,279) $ (27,418) $ (1,292) $ (143) $ (1,435) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance June 30, 2023 $ (23,187) $ 9,845 $ (13,342) $ (1,291) $ 473 $ (818) Other comprehensive income before reclassifications (1,688) — (1,688) (77) — (77) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,765) (1,765) — (80) (80) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) Tanger Inc. Accumulated Other Comprehensive Income (Loss) Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) Foreign Currency Cash flow hedges Total Foreign Currency Cash flow hedges Total Balance December 31, 2022 $ (24,516) $ 13,479 $ (11,037) $ (1,351) $ 638 $ (713) Other comprehensive income before reclassifications (359) — (359) (17) — (17) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,399) (5,399) — (245) (245) Balance September 30, 2023 $ (24,875) $ 8,080 $ (16,795) $ (1,368) $ 393 $ (975) We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $23,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2024. The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2024 (in thousands): Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2024 $ (25,289) $ 3,471 $ (21,818) Other comprehensive income (loss) before reclassifications (140) — (140) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (6,895) (6,895) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2023 $ (24,376) $ (417) $ (24,793) Other comprehensive income before reclassifications (1,053) — (1,053) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (3,007) (3,007) Balance September 30, 2024 $ (25,429) $ (3,424) $ (28,853) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance June 30, 2023 $ (24,478) $ 10,318 $ (14,160) Other comprehensive income (loss) before reclassifications (1,765) — (1,765) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (1,845) (1,845) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770) Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss) Balance December 31, 2022 $ (25,867) $ 14,117 $ (11,750) Other comprehensive loss before reclassifications (376) — (376) Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges — (5,644) (5,644) Balance September 30, 2023 $ (26,243) $ 8,473 $ (17,770)

Lease Agreements (Tables)

Lease Agreements (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Components of rental revenues	The components of rental revenues are as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Rental revenues - fixed $ 98,879 $ 87,315 $ 294,031 $ 252,017 Rental revenues - variable (1) 26,342 23,520 71,318 66,988 Rental revenues $ 125,221 $ 110,835 $ 365,349 $ 319,005 (1) Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Expenditures included in accounts payable and accrued expenses were as follows (in thousands): As of As of September 30, 2024 September 30, 2023 Costs relating to construction included in accounts payable and accrued expenses $ 19,059 $ 29,919 Interest paid, net of interest capitalized was as follows (in thousands): Nine months ended September 30, 2024 2023 Interest paid $ 49,370 $ 39,421

Business (Details)

Business (Details) ft² in Thousands	Sep. 30, 2024 ft² shares store outletCenter brand
Entity Information [Line Items]
Number of operating partnership units owned by the company (in shares) | shares	110,208,387
Exchange ratio of Partnership Units for common shares	1
Managed Center
Entity Information [Line Items]
Number of outlet centers	2
Total gross leaseable area of outlet centers (in square feet) | ft²	760
Tanger Properties Limited Partnership | Class A
Entity Information [Line Items]
Number of operating partnership units owned by operating partnership and other limited partners (in shares) | shares	4,707,958
Properties Owned
Entity Information [Line Items]
Total gross leaseable area of outlet centers (in square feet) | ft²	12,700
Percentage occupied (percent)	97%
Number of stores | store	2,500
Number of store brands | brand	660
Properties Owned | Outlet Center
Entity Information [Line Items]
Number of outlet centers	31
Properties Owned | Open-Air Lifestyle Center
Entity Information [Line Items]
Number of outlet centers	1
Joint venture property
Entity Information [Line Items]
Number of outlet centers	32
Joint venture property | Under Construction
Entity Information [Line Items]
Number of outlet centers	1
Unconsolidated Properties
Entity Information [Line Items]
Number of outlet centers	6
Total gross leaseable area of outlet centers (in square feet) | ft²	2,100

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Straight line rent adjustments receivable	$ 49,300	$ 48,900
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings, improvements and fixtures	3,011,234	2,938,434
Straight line rent adjustments receivable	49,300	48,900
Carrying value of property	$ 3,324,260	$ 3,271,240
Atlantic City, New Jersey Center | Estimated
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Estimated holding period	9 years 9 months
Present value of estimated future undiscounted cash flows	$ 59,600
Potential disposition proceeds	77,100
Aggregated proceeds from disposition of assets and present value of estimated future undiscounted cash flows	136,700
Carrying value of property	107,800
Excess of expected proceeds from disposition over carrying amount	$ 28,900

Developments of Consolidated Ou

Developments of Consolidated Outlet Centers - Real Estate Properties (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Real Estate Properties [Line Items]
Estimated total net costs	$ 1,922,926	$ 1,952,976
Land	$ 303,605	$ 303,605

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Joint Ventures (Unconsolidated Real Estate Joint Ventures) (Details) ft² in Thousands, $ in Thousands	Sep. 30, 2024 USD ($) ft²	Dec. 31, 2023 USD ($) ft²
Schedule of Equity Method Investments [Line Items]
Total Joint Venture Debt, Net	$ 60,186	$ 64,041
Unconsolidated Properties
Schedule of Equity Method Investments [Line Items]
Total Joint Venture Debt, Net	317,868	319,957
Unconsolidated Properties | Mortgages
Schedule of Equity Method Investments [Line Items]
Net discount and debt origination costs	$ (1,800)	$ (2,100)
RioCan Canada | Investments In Unconsolidated Joint Ventures
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	665	665
Carrying Value of Investment	$ 70,200	$ 71,900
Total Joint Venture Debt, Net	$ 0	$ 0
Charlotte | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	399	399
Carrying Value of Investment	$ 21,500	$ 20,800
Total Joint Venture Debt, Net	$ 98,000	$ 99,200
National Harbor | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	341	341
Carrying Value of Investment	$ 11,700	$ 13,700
Total Joint Venture Debt, Net	$ 92,200	$ 93,300
Galveston/Houston | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	353	353
Carrying Value of Investment	$ 13,500	$ 13,000
Total Joint Venture Debt, Net	$ 57,300	$ 57,100
Columbus | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	355	355
Carrying Value of Investment	$ 4,300	$ 3,400
Total Joint Venture Debt, Net	$ 70,400	$ 70,400
Charlotte, National Harbor, Galveston/Houston and Columbus | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Ownership %	50%	50%
Square feet | ft²	1,448	1,448
Carrying Value of Investment	$ 51,000	$ 50,900
Total Joint Venture Debt, Net	$ 317,900	$ 320,000

Investments in Unconsolidated_4

Investments in Unconsolidated Real Estate Joint Ventures (Joint Venture Fees) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Management, Leasing and other services [Line Items]
Total Fees	$ 2,485	$ 2,138	$ 7,095	$ 6,174
Unconsolidated joint venture
Management, Leasing and other services [Line Items]
Total Fees	2,025	1,849	5,672	5,241
Management and marketing | Unconsolidated joint venture
Management, Leasing and other services [Line Items]
Total Fees	575	553	1,702	1,662
Leasing and other fees | Unconsolidated joint venture
Management, Leasing and other services [Line Items]
Total Fees	81	99	293	197
Expense reimbursements from unconsolidated joint ventures | Unconsolidated joint venture
Management, Leasing and other services [Line Items]
Total Fees	$ 1,369	$ 1,197	$ 3,677	$ 3,382

Investments in Unconsolidated_5

Investments in Unconsolidated Real Estate Joint Ventures (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Differences in basis	$ 2.4	$ 2.8

Investments in Unconsolidated_6

Investments in Unconsolidated Real Estate Joint Ventures (Summary Balance Sheets for Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets
Land	$ 303,605		$ 303,605
Buildings, improvements and fixtures	3,011,234		2,938,434
Construction in progress	9,421		29,201
Rental property, at cost, total	3,324,260		3,271,240
Accumulated depreciation	(1,401,334)		(1,318,264)
Total rental property, net	1,922,926		1,952,976
Cash and cash equivalents	11,053		12,778	$ 188,459		$ 212,124
Deferred lease costs and other intangibles, net	77,508		91,269
Prepaids and other assets	117,128		108,609
Total assets	2,275,291		2,324,119
Liabilities and Owners’ Equity
Mortgages payable, net	60,186		64,041
Owners’ equity	592,632	$ 577,580	591,313	$ 512,430	$ 507,743	$ 513,934
Total liabilities and equity	2,275,291		2,324,119
Total liabilities	1,682,659		1,732,806
Unconsolidated Properties
Assets
Land	80,379		82,962
Buildings, improvements and fixtures	467,265		466,496
Construction in progress	1,003		223
Rental property, at cost, total	548,647		549,681
Accumulated depreciation	(215,605)		(203,395)
Total rental property, net	333,042		346,286
Cash and cash equivalents	15,476		14,040
Deferred lease costs and other intangibles, net	2,459		2,637
Prepaids and other assets	11,491		11,616
Total assets	362,468		374,579
Liabilities and Owners’ Equity
Mortgages payable, net	317,868		319,957
Accounts payable and other liabilities	13,177		16,013
Owners’ equity	31,423		38,609
Total liabilities and equity	362,468		374,579
Total liabilities	$ 331,045		$ 335,970

Investments in Unconsolidated_7

Investments in Unconsolidated Real Estate Joint Ventures (Summary Statements of Operations for Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Summary Statements of Operations of Unconsolidated Joint Ventures [Line Items]
Revenues	$ 133,001	$ 117,346	$ 385,328	$ 336,930
Expenses:
Property operating	40,247	36,758	113,261	103,618
General and administrative	18,215	18,937	56,518	54,675
Depreciation and amortization	35,376	25,374	103,410	76,656
Total expenses	93,838	81,069	273,189	234,949
Interest expense	(15,493)	(11,688)	(45,546)	(35,997)
Other income (expense)	(52)	1,899	755	7,023
Total other income (expense)	(15,545)	(9,789)	(44,791)	(28,974)
Net income	25,930	28,877	75,151	79,037
The Company and Operating Partnership's share of:
Net income	2,312	2,389	7,803	6,030
Depreciation and amortization (real estate related)	2,850	2,608	7,450	7,893
Unconsolidated Properties
Summary Statements of Operations of Unconsolidated Joint Ventures [Line Items]
Revenues	23,774	23,548	69,476	67,481
Expenses:
Property operating	9,342	9,059	26,210	26,315
General and administrative	40	23	170	212
Depreciation and amortization	5,359	5,151	14,380	15,546
Total expenses	14,741	14,233	40,760	42,073
Interest expense	(4,587)	(4,603)	(13,675)	(13,523)
Other income (expense)	216	153	598	422
Total other income (expense)	(4,371)	(4,450)	(13,077)	(13,101)
Net income	$ 4,662	$ 4,865	$ 15,639	$ 12,307

Debt Guaranteed by the Compan_2

Debt Guaranteed by the Company (Details) - Debt - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Apr. 30, 2024	Dec. 31, 2023
Unsecured lines of credit | Unsecured lines of credit
Line of Credit Facility [Line Items]
Unsecured term loan and line of credit	$ 0			$ 13,000
Unsecured term loan | Unsecured term loan
Line of Credit Facility [Line Items]
Unsecured term loan and line of credit	325,000			$ 325,000
Tanger Properties Limited Partnership | Unsecured lines of credit
Line of Credit Facility [Line Items]
Line of credit borrowing capacity	$ 620,000	$ 520,000	$ 620,000

Debt of the Operating Partner_3

Debt of the Operating Partnership (Schedule of Debt) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Apr. 30, 2024	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2011
Debt Instrument [Line Items]
Book Value		$ 1,424,393	$ 1,439,203
Tanger Properties Limited Partnership
Debt Instrument [Line Items]
Principal		1,435,223	1,452,036
Book Value		1,424,393	1,439,203
Unamortized debt issuance costs		$ 10,800	12,800
Tanger Properties Limited Partnership | Senior notes | 3.125% 2026 Senior Notes
Debt Instrument [Line Items]
Fixed interest rate (percent)		3.125%
Principal		$ 350,000	350,000
Book Value		$ 348,900	348,467
Tanger Properties Limited Partnership | Senior notes | 3.875% 2027 Senior Notes
Debt Instrument [Line Items]
Fixed interest rate (percent)		3.875%
Principal		$ 300,000	300,000
Book Value		$ 298,853	298,546
Tanger Properties Limited Partnership | Senior notes | 2.750% 2031 Senior Notes
Debt Instrument [Line Items]
Fixed interest rate (percent)		2.75%
Principal		$ 400,000	400,000
Book Value		393,487	392,827
Tanger Properties Limited Partnership | Mortgages payable | Atlantic City
Debt Instrument [Line Items]
Principal		8,523	12,336
Book Value		$ 8,685	12,613
Effective interest rate				5.05%
Tanger Properties Limited Partnership | Mortgages payable | Southaven
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		2%
Principal		$ 51,700	51,700
Book Value		$ 51,501	51,428
Tanger Properties Limited Partnership | Unsecured term loan | Unsecured term loan
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.94%
Principal		$ 325,000	325,000
Book Value		$ 322,967	322,322
Tanger Properties Limited Partnership | Unsecured lines of credit
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.85%	1%
Unamortized debt issuance costs		$ 7,800	2,100
Tanger Properties Limited Partnership | Unsecured lines of credit | Unsecured lines of credit
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.85%
Principal		$ 0	13,000
Book Value		$ 0	$ 13,000
Tanger Properties Limited Partnership | Minimum | Mortgages payable | Atlantic City
Debt Instrument [Line Items]
Fixed interest rate (percent)		6.44%
Tanger Properties Limited Partnership | Maximum | Mortgages payable | Atlantic City
Debt Instrument [Line Items]
Fixed interest rate (percent)		7.65%

Debt of the Operating Partner_4

Debt of the Operating Partnership (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Apr. 30, 2024	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Unsecured lines of credit | Debt | Unsecured lines of credit
Debt Instrument [Line Items]
Maximum amount of unconsolidated joint venture debt guaranteed by the Company		$ 0		$ 13,000
Unsecured term loan | Debt | Unsecured term loan
Debt Instrument [Line Items]
Maximum amount of unconsolidated joint venture debt guaranteed by the Company		325,000		325,000
Tanger Properties Limited Partnership
Debt Instrument [Line Items]
Unamortized debt issuance costs		10,800		12,800
Tanger Properties Limited Partnership | Mortgages
Debt Instrument [Line Items]
Net book value of collateral for mortgages payable		241,500
Tanger Properties Limited Partnership | Unsecured lines of credit
Debt Instrument [Line Items]
Maximum borrowings of syndicated line if accordion feature is utilized	$ 1,200,000	$ 1,200,000
Basis spread on variable rate (percent)	0.85%	1%
Maximum borrowings of liquidity line		$ 20,000
Maximum borrowings of syndicated line		$ 600,000
Percentage of funds from operations allowed on a cumulative basis to pay dividends		95%
Unamortized debt issuance costs		$ 7,800		$ 2,100
Tanger Properties Limited Partnership | Unsecured lines of credit | Unsecured lines of credit
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.85%
Tanger Properties Limited Partnership | Unsecured lines of credit | Debt
Debt Instrument [Line Items]
Line of credit borrowing capacity	$ 620,000	$ 620,000	$ 520,000
Debt maturity term extension available	1 year
Tanger Properties Limited Partnership | Unsecured term loan | Unsecured term loan
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.94%

Debt of the Operating Partner_5

Debt of the Operating Partnership (Debt Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Maturities of Debt [Line Items]
Total debt	$ 1,424,393	$ 1,439,203
Tanger Properties Limited Partnership
Schedule of Maturities of Debt [Line Items]
For the remainder of 2024	1,317
2025	1,501
2026	407,405
2027	625,000
2028	0
Thereafter	400,000
Subtotal	1,435,223	1,452,036
Net discount and debt origination costs	(10,830)
Total debt	$ 1,424,393	$ 1,439,203

Derivative Financial Instrume_3

Derivative Financial Instruments (Classifications on Consolidated Balance Sheets) (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Interest Rate Swap July 1, 2019
Derivative [Line Items]
Notional Amount	$ 25,000
Company Fixed Pay Rate	1.70%
Fair Value	$ 0	$ 88
Interest Rate Swap January 1, 2021
Derivative [Line Items]
Notional Amount	$ 150,000
Company Fixed Pay Rate	0.50%
Fair Value	$ 0	692
Interest Rate Swap January 1, 2021
Derivative [Line Items]
Notional Amount	$ 100,000
Company Fixed Pay Rate	0.20%
Fair Value	$ 0	497
Interest Rate Swap March 1, 2021
Derivative [Line Items]
Notional Amount	$ 25,000
Company Fixed Pay Rate	0.20%
Fair Value	$ 0	124
Interest Rate Swap July 1 2019 to March 1, 2021
Derivative [Line Items]
Notional Amount	$ 300,000
Company Fixed Pay Rate	0.40%
Fair Value	$ 0	1,401
Interest rate swap February 1, 2024, maturing February 1, 2026
Derivative [Line Items]
Notional Amount	$ 75,000
Company Fixed Pay Rate	3.50%
Fair Value	$ 175	670
Interest rate swap February 1, 2024, maturing August 1, 2026
Derivative [Line Items]
Notional Amount	$ 75,000
Company Fixed Pay Rate	3.70%
Fair Value	$ (362)	54
Interest rate swap February 1, 2024, maturing January 1, 2027
Derivative [Line Items]
Notional Amount	$ 175,000
Company Fixed Pay Rate	4.20%
Fair Value	$ (3,039)	(2,435)
Interest rate swap February 1, 2024, maturing February 1, 2026 through January 1, 2027
Derivative [Line Items]
Notional Amount	$ 325,000
Company Fixed Pay Rate	3.90%
Fair Value	$ (3,226)	$ (1,711)

Derivative Financial Instrume_4

Derivative Financial Instruments (Gain (Loss) Recognized and Reclassified) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest rate swaps | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income (loss)	$ (6,894)	$ (1,845)	$ (3,007)	$ (5,644)

Fair Value Measurements (Recurr

Fair Value Measurements (Recurring) (Details) - Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	$ 497	$ 2,708
Interest rate swaps (other liabilities)	(3,722)	(3,018)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	0	0
Interest rate swaps (other liabilities)	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	497	2,708
Interest rate swaps (other liabilities)	(3,722)	(3,018)
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	0	0
Interest rate swaps (other liabilities)	0	0
Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	497	2,708
Interest rate swaps (other liabilities)	(3,722)	(3,018)
Interest rate swaps | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	0	0
Interest rate swaps (other liabilities)	0	0
Interest rate swaps | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	497	2,708
Interest rate swaps (other liabilities)	(3,722)	(3,018)
Interest rate swaps | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps (prepaids and other assets)	0	0
Interest rate swaps (other liabilities)	$ 0	$ 0

Fair Value Measurements (Debt)

Fair Value Measurements (Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Recorded value of debt	$ 1,424,393	$ 1,439,203
Tanger Properties Limited Partnership
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total fair value of debt	1,363,199	1,319,700
Recorded value of debt	1,424,393	1,439,203
Tanger Properties Limited Partnership | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total fair value of debt	0	0
Tanger Properties Limited Partnership | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total fair value of debt	978,398	918,091
Tanger Properties Limited Partnership | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total fair value of debt	$ 384,801	$ 401,609

Shareholders' Equity of the C_3

Shareholders' Equity of the Company (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	May 31, 2023	Apr. 30, 2023	Feb. 28, 2021
Distribution Made to Limited Partner [Line Items]
Common dividends (in dollars per share)		$ 0.275	$ 0.245	$ 0.81	$ 0.7100
Common distributions (in dollars per share)		0.275
Common shares, par value (in dollars per share)		$ 0.01		$ 0.01		$ 0.01			$ 0.01
Aggregate gross sales price of common shares									$ 250,000
At-the-Market offering, stock remaining available for sale		$ 195,100		$ 195,100
Aggregate gross proceeds		$ 25,000	$ 2,654	$ 25,000	$ 2,654
Authorized repurchase amount							$ 100,000	$ 80,000
Shares repurchased during the period (in shares)		0	0	0	0
Remaining amount authorized to be repurchase		$ 100,000		$ 100,000
Tanger Properties Limited Partnership
Distribution Made to Limited Partner [Line Items]
Common distributions (in dollars per share)			$ 0.245		$ 0.7100
Subsequent Event
Distribution Made to Limited Partner [Line Items]
Common dividends (in dollars per share)	$ 0.275
Common shares sold (in shares)	484,741
Average price per share (usd per share)	$ 33.38
Aggregate gross proceeds	$ 16,200
Subsequent Event | Tanger Properties Limited Partnership
Distribution Made to Limited Partner [Line Items]
Common distributions (in dollars per share)	$ 0.275

Shareholders' Equity of the C_4

Shareholders' Equity of the Company (ATM Offering Program) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity [Abstract]
Issuance of deferred shares (in shares)	818,943	106,615	818,943	106,615
Average price per share (in dollars per share)	$ 30.53	$ 24.89	$ 30.53	$ 24.89
Aggregate gross proceeds	$ 25,000	$ 2,654	$ 25,000	$ 2,654
Aggregate net proceeds after commissions and fees	$ 24,687	$ 2,621	$ 24,687	$ 2,621

Partners' Equity of the Opera_3

Partners' Equity of the Operating Partnership (Details) - shares	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
General and Limited Partners' Capital Account, Units [Roll Forward]
Options exercised (in units)	45,625	44,300	70,625	51,500
Issuance of units (in units)	818,943	106,615	818,943	106,615
Grant of restricted common share awards, net of forfeitures (in units)				1,042,932
Forfeitures of restricted common share awards by the company (in shares)	(4,450)
Units withheld for employee income taxes (in units)		(5,505)	(5,267)	(367,776)
Tanger Properties Limited Partnership
General and Limited Partners' Capital Account, Units [Roll Forward]
General Partnership Units (in units)			1,150,000
Options exercised (in units)	44,300			51,500
Issuance of units (in units)			136,469
Grant of restricted common share awards, net of forfeitures (in units)			770,265
Units withheld for employee income taxes (in units)		(5,505)	(381,166)	(367,776)
General Partnership Units (in units)	1,150,000		1,150,000		1,150,000
Tanger Properties Limited Partnership | General Partnership Units
General and Limited Partners' Capital Account, Units [Roll Forward]
General Partnership Units (in units)	1,150,000	1,100,000	1,150,000	1,100,000	1,100,000
Issuance of units (in units)		5,000		5,000
General Partnership Units (in units)	1,150,000	1,105,000	1,150,000	1,105,000	1,150,000
Tanger Properties Limited Partnership | Limited Partnership Units
General and Limited Partners' Capital Account, Units [Roll Forward]
Limited Partnership Units (in units)	112,911,494	108,823,763	112,351,209	108,135,902	108,135,902
Options exercised (in units)	45,625	44,300	70,625	51,500
Issuance of units (in units)	818,943	101,615	818,943	101,615
Grant of restricted common share awards, net of forfeitures (in units)			770,265	1,042,932
Forfeitures of restricted common share awards by the company (in shares)	(4,450)	0
Units withheld for employee income taxes (in units)	(5,267)	(5,505)	(381,166)		(367,776)
Limited Partnership Units (in units)	113,766,345	108,964,173	113,766,345	108,964,173	112,351,209
Tanger Properties Limited Partnership | Class A
General and Limited Partners' Capital Account, Units [Roll Forward]
Limited Partnership Units (in units)	4,707,958	4,737,982	4,707,958	4,737,982	4,737,982
Limited Partnership Units (in units)	4,707,958	4,737,982	4,707,958	4,737,982	4,707,958
Tanger Properties Limited Partnership | Class B
General and Limited Partners' Capital Account, Units [Roll Forward]
Limited Partnership Units (in units)	108,203,536	104,085,781	107,643,251	103,397,920	103,397,920
Options exercised (in units)	45,625	44,300	70,625	51,500
Issuance of units (in units)	818,943	101,615	818,943	101,615
Grant of restricted common share awards, net of forfeitures (in units)			770,265	1,042,932
Forfeitures of restricted common share awards by the company (in shares)	(4,450)	0
Units withheld for employee income taxes (in units)	(5,267)	(5,505)	(381,166)		(367,776)
Limited Partnership Units (in units)	109,058,387	104,226,191	109,058,387	104,226,191	107,643,251
Tanger Properties Limited Partnership | Deferred Share Units
General and Limited Partners' Capital Account, Units [Roll Forward]
Issuance of units (in units)			136,469

Earnings Per Share of the Com_3

Earnings Per Share of the Company (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income attributable to Tanger Inc.	$ 24,856	$ 27,624	$ 72,109	$ 75,367
Less allocation of earnings to participating securities	(232)	(414)	(692)	(854)
Net income (loss) available to common shareholders/unitholders	$ 24,624	$ 27,210	$ 71,417	$ 74,513
Denominator:
Basic weighted average common shares (in shares)	108,972,000	104,461,000	108,675,000	104,308,000
Effect of notional shares (in shares)	799,000	1,026,000	746,000	898,000
Effect of outstanding options (in shares)	933,000	832,000	925,000	783,000
Diluted weighted average common shares (in shares)	110,704,000	106,319,000	110,346,000	105,989,000
Basic earnings per common share/unit:
Net income (loss) (in dollars per share)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common share:
Net income (loss) (in dollars per share)	$ 0.22	$ 0.26	$ 0.65	$ 0.70
Notional Units
Diluted earnings per common share:
Anti-dilutive options excluded (in shares)	120,000	0	120,000	0
Options
Diluted earnings per common share:
Anti-dilutive options excluded (in shares)	0		0

Earnings Per Unit of the Oper_3

Earnings Per Unit of the Operating Partnership (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income attributable to partners of the Operating Partnership	$ 24,856	$ 27,624	$ 72,109	$ 75,367
Less allocation of earnings to participating securities	(232)	(414)	(692)	(854)
Net income (loss) available to common shareholders/unitholders	$ 24,624	$ 27,210	$ 71,417	$ 74,513
Denominator:
Basic weighted average common shares (in shares)	108,972,000	104,461,000	108,675,000	104,308,000
Effect of notional units (in shares)	799,000	1,026,000	746,000	898,000
Effect of outstanding options (in shares)	933,000	832,000	925,000	783,000
Diluted weighted average common shares (in shares)	110,704,000	106,319,000	110,346,000	105,989,000
Basic earnings per common share/unit:
Net income (loss) (in dollars per share)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common unit:
Net income (loss) (in dollars per share)	$ 0.22	$ 0.26	$ 0.65	$ 0.70
Tanger Properties Limited Partnership
Numerator:
Net income attributable to partners of the Operating Partnership	$ 25,930	$ 28,877	$ 75,231	$ 78,789
Less allocation of earnings to participating securities	(232)	(414)	(692)	(854)
Net income (loss) available to common shareholders/unitholders	$ 25,698	$ 28,463	$ 74,539	$ 77,935
Denominator:
Basic weighted average common shares (in shares)	113,680,000	109,199,000	113,383,000	109,046,000
Effect of notional units (in shares)	799,000	1,026,000	746,000	898,000
Effect of outstanding options (in shares)	933,000	832,000	925,000	783,000
Diluted weighted average common shares (in shares)	115,412,000	111,057,000	115,054,000	110,727,000
Basic earnings per common share/unit:
Net income (loss) (in dollars per share)	$ 0.23	$ 0.26	$ 0.66	$ 0.71
Diluted earnings per common unit:
Net income (loss) (in dollars per share)	$ 0.22	$ 0.26	$ 0.65	$ 0.70
Notional Units
Diluted earnings per common unit:
Anti-dilutive options excluded (in shares)	120,000	0	120,000	0
Notional Units | Tanger Properties Limited Partnership
Diluted earnings per common unit:
Anti-dilutive options excluded (in shares)	120,000	0	120,000
Options
Diluted earnings per common unit:
Anti-dilutive options excluded (in shares)	0		0
Options | Tanger Properties Limited Partnership
Diluted earnings per common unit:
Anti-dilutive options excluded (in shares)		333,300	0	475,200

Equity-Based Compensation of _3

Equity-Based Compensation of the Company (Equity-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total equity-based compensation	$ 2,875	$ 3,388	$ 8,980	$ 9,040
Restricted common shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total equity-based compensation	1,748	1,912	5,690	5,649
Notional unit performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total equity-based compensation	1,038	1,393	3,030	3,039
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total equity-based compensation	$ 89	$ 83	$ 260	$ 352

Equity-Based Compensation of _4

Equity-Based Compensation of the Company (Equity-Based Compensation Expense Capitalized) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity-based compensation expense capitalized	$ 26	$ 72	$ 179	$ 194

Equity-Based Compensation of _5

Equity-Based Compensation of the Company (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended	9 Months Ended
	Feb. 10, 2023	Mar. 31, 2023	Feb. 28, 2023	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Withholding of common shares for employee income taxes (in shares)				5,505	5,267	367,776
Employee income taxes paid related to shares withheld upon vesting of equity awards					$ 10,665	$ 6,963
Vesting immediately
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					50%
Vesting one year thereafter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					50%
Restricted Common Share Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Withholding of common shares for employee income taxes (in shares)					381,000	368,000
Employee income taxes paid related to shares withheld upon vesting of equity awards					$ 10,700	$ 7,000
Restricted Common Share Award Plan | Restricted common shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares/Units, granted (in shares/units)		253,000
Grant date fair value per share (in dollars per share)		$ 26.78
Restricted Common Share Award Plan | Restricted common shares | Executive officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Restricted Common Share Award Plan | Restricted common shares | Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
2023 PSP | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares/Units, granted (in shares/units)		367,000
Grant date fair value per share (in dollars per share)		$ 16.36
Measurement period		3 years			3 years
2023 PSP | Performance Shares | Vesting one year thereafter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
2020 PSP | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period	3 years
2020 PSP | Performance Shares | Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)			479,097
2020 PSP | Performance Shares | Vesting immediately | Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)			343,996
2020 PSP | Performance Shares | Vesting one year thereafter | Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)			135,101

Equity-Based Compensation of _6

Equity-Based Compensation of the Company (Outperformance Plan) (Details) - Performance Shares - 2023 PSP - $ / shares	1 Months Ended
	Mar. 31, 2023	Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of restricted common shares that may be earned (in shares)		367,000
Grant date fair value per share (in dollars per share)	$ 16.36
Absolute portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of total award		33.30%
Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of total award		66.70%
Minimum | Absolute portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute total shareholder return range		26%
Percentage of units to be earned		20%
Minimum | Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of units to be earned		20%
Percentile rank of peer group range		30%
Maximum | Absolute portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute total shareholder return range		40.50%
Percentage of units to be earned		100%
Maximum | Relative portion of award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of units to be earned		100%
Percentile rank of peer group range		80%

Equity-Based Compensation of _7

Equity-Based Compensation of the Company (Outperformance Plan Assumptions) (Details) - Performance Shares - 2023 PSP	9 Months Ended
	Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate	4.40%
Expected dividend yield	4.30%
Expected Volatility	37%

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) of the Company (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	$ 577,580	$ 507,743	$ 591,313	$ 513,934
Ending Balance	592,632	512,430	592,632	512,430
Interest rate swap gain (loss) to be reclassified within twelve months			23
Tanger Inc. Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(20,667)	(13,342)	(23,519)	(11,037)
Other comprehensive income (loss) before reclassifications	(178)	(1,688)	(1,054)	(359)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	(6,573)	(1,765)	(2,845)	(5,399)
Ending Balance	(27,418)	(16,795)	(27,418)	(16,795)
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(23,961)	(23,187)	(23,085)	(24,516)
Other comprehensive income (loss) before reclassifications	(178)	(1,688)	(1,054)	(359)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges		0	0	0
Ending Balance	(24,139)	(24,875)	(24,139)	(24,875)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	3,294	9,845	(434)	13,479
Other comprehensive income (loss) before reclassifications		0	0	0
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	(6,573)	(1,765)	(2,845)	(5,399)
Ending Balance	(3,279)	8,080	(3,279)	8,080
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(1,154)	(818)	(1,274)	(713)
Ending Balance	(1,435)	(975)	(1,435)	(975)
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(1,331)	(1,291)	(1,293)	(1,351)
Other comprehensive income (loss) before reclassifications	39	(77)	1	(17)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges		0	0	0
Ending Balance	(1,292)	(1,368)	(1,292)	(1,368)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	177	473	19	638
Other comprehensive income (loss) before reclassifications		0	0	0
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	(320)	(80)	(162)	(245)
Ending Balance	(143)	393	(143)	393
Noncontrolling Interests
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other comprehensive income (loss) before reclassifications	39	(77)	1	(17)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	$ (320)	$ (80)	$ (162)	$ (245)

Accumulated Other Comprehensi_6

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Interest rate swap gain (loss) to be reclassified within twelve months			$ 23
Tanger Properties Limited Partnership
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance			591,313
Other comprehensive income (loss) before reclassifications	$ (140)	$ (1,765)	(1,053)	$ (376)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	(6,895)	(1,845)	(3,007)	(5,644)
Ending Balance	592,632		592,632
Tanger Properties Limited Partnership | Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(25,289)	(24,478)	(24,376)	(25,867)
Other comprehensive income (loss) before reclassifications	(140)	(1,765)	(1,053)	(376)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	0	0	0	0
Ending Balance	(25,429)	(26,243)	(25,429)	(26,243)
Tanger Properties Limited Partnership | Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	3,471	10,318	(417)	14,117
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	(6,895)	(1,845)	(3,007)	(5,644)
Ending Balance	(3,424)	8,473	(3,424)	8,473
Tanger Properties Limited Partnership | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(21,818)	(14,160)	(24,793)	(11,750)
Ending Balance	$ (28,853)	$ (17,770)	$ (28,853)	$ (17,770)

Lease Agreements (Details)

Lease Agreements (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) outletCenter	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) outletCenter	Sep. 30, 2023 USD ($)
Lessor, Lease, Description [Line Items]
Rental revenues - fixed	$ 98,879	$ 87,315	$ 294,031	$ 252,017
Rental revenues - variable	26,342	23,520	71,318	66,988
Rental revenues	$ 125,221	$ 110,835	$ 365,349	$ 319,005
Consolidated Properties
Lessor, Lease, Description [Line Items]
Number of outlet centers | outletCenter	32		32

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental Cash Flow Information [Abstract]
Costs relating to construction included in accounts payable and accrued expenses	$ 19,059	$ 29,919
Interest paid	$ 49,370	$ 39,421

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Common dividends (in dollars per share)		$ 0.275	$ 0.245	$ 0.81	$ 0.7100
Common distributions (in dollars per share)		$ 0.275
Tanger Properties Limited Partnership
Subsequent Event [Line Items]
Common distributions (in dollars per share)			$ 0.245		$ 0.7100
Subsequent Event
Subsequent Event [Line Items]
Common dividends (in dollars per share)	$ 0.275
Subsequent Event | Tanger Properties Limited Partnership
Subsequent Event [Line Items]
Common distributions (in dollars per share)	$ 0.275