2023 Q1 Form 10-K Financial Statement
#000089971523000044 Filed on February 27, 2023
Income Statement
| Concept | 2023 Q1 | 2022 |
|---|---|---|
| Revenue | $108.9M | $442.6M |
| YoY Change | 0.07% | 3.77% |
| Cost Of Revenue | $33.15M | $124.1M |
| YoY Change | -9.82% | 3.32% |
| Gross Profit | $75.80M | $318.5M |
| YoY Change | 5.11% | 3.95% |
| Gross Profit Margin | 69.57% | 71.96% |
| Selling, General & Admin | $17.43M | $91.38M |
| YoY Change | 12.72% | 5.7% |
| % of Gross Profit | 23.0% | 28.69% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $25.89M | $111.9M |
| YoY Change | -1.33% | 1.72% |
| % of Gross Profit | 34.16% | 35.13% |
| Operating Expenses | $76.48M | $203.3M |
| YoY Change | -2.54% | 3.48% |
| Operating Profit | -$680.0K | $115.2M |
| YoY Change | -89.3% | 4.8% |
| Interest Expense | $12.34M | -$46.97M |
| YoY Change | 6.09% | -11.16% |
| % of Operating Profit | -40.76% | |
| Other Income/Expense, Net | -$9.543M | $6.029M |
| YoY Change | -16.66% | -477.99% |
| Pretax Income | $22.93M | $77.24M |
| YoY Change | 20.98% | 11709.94% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $23.54M | $81.19M |
| YoY Change | 14.73% | 790.48% |
| Net Earnings / Revenue | 21.61% | 18.34% |
| Basic Earnings Per Share | $0.22 | |
| Diluted Earnings Per Share | $0.22 | $0.77 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 104.5M shares | |
| Diluted Shares Outstanding | 105.5M shares |
Balance Sheet
| Concept | 2023 Q1 | 2022 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $202.8M | $212.1M |
| YoY Change | 32.7% | 31.55% |
| Cash & Equivalents | $202.8M | $212.1M |
| Short-Term Investments | ||
| Other Short-Term Assets | $100.8M | $111.2M |
| YoY Change | -10.48% | 6.29% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $303.6M | $323.3M |
| YoY Change | 14.38% | 21.61% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.719B | $1.710B |
| YoY Change | 0.16% | -1.48% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $106.3M | $126.3M |
| YoY Change | 28.16% | 52.77% |
| Other Assets | $56.82M | $58.57M |
| YoY Change | -18.67% | -20.55% |
| Total Long-Term Assets | $1.882B | $1.894B |
| YoY Change | 0.7% | 0.15% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $303.6M | $323.3M |
| Total Long-Term Assets | $1.882B | $1.894B |
| Total Assets | $2.185B | $2.218B |
| YoY Change | 2.4% | 2.79% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $79.40M | $104.7M |
| YoY Change | 36.86% | 12.63% |
| Accrued Expenses | $87.23M | $87.53M |
| YoY Change | -1.55% | -1.51% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $166.6M | $192.3M |
| YoY Change | 13.65% | 5.72% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.428B | $1.428B |
| YoY Change | 2.25% | 2.25% |
| Other Long-Term Liabilities | $84.51M | $82.97M |
| YoY Change | 4.99% | 5.49% |
| Total Long-Term Liabilities | $1.512B | $1.511B |
| YoY Change | 2.4% | 2.42% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $166.6M | $192.3M |
| Total Long-Term Liabilities | $1.512B | $1.511B |
| Total Liabilities | $1.679B | $1.726B |
| YoY Change | 3.41% | 2.77% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $1.053M | |
| YoY Change | 0.86% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $484.5M | $491.6M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.185B | $2.218B |
| YoY Change | 2.4% | 2.79% |
Cashflow Statement
| Concept | 2023 Q1 | 2022 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $23.54M | $81.19M |
| YoY Change | 14.73% | 790.48% |
| Depreciation, Depletion And Amortization | $25.89M | $111.9M |
| YoY Change | -1.33% | 1.72% |
| Cash From Operating Activities | $25.57M | $214.0M |
| YoY Change | 35.64% | -1.73% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $26.31M | $84.75M |
| YoY Change | -437.7% | -275.25% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$3.071M | -$14.07M |
| YoY Change | 82.15% | -154.9% |
| Cash From Investing Activities | -$1.873M | -$98.82M |
| YoY Change | -43.92% | 334.57% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $24.62M | |
| YoY Change | 27.48% | |
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$33.01M | -64.16M |
| YoY Change | 38.04% | -45.8% |
| NET CHANGE | ||
| Cash From Operating Activities | $25.57M | 214.0M |
| Cash From Investing Activities | -$1.873M | -98.82M |
| Cash From Financing Activities | -$33.01M | -64.16M |
| Net Change In Cash | -$9.303M | 50.98M |
| YoY Change | 10.64% | -33.45% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $25.57M | $214.0M |
| Capital Expenditures | $26.31M | $84.75M |
| Free Cash Flow | -$736.0K | $129.2M |
| YoY Change | -102.76% | -51.44% |
Facts In Submission
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2022 | |
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FY | |
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10-K | |
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2022-12-31 | |
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Entity File Number
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1-11986 | |
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Entity Registrant Name
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TANGER FACTORY OUTLET CENTERS, INC | |
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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NC | |
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Entity Tax Identification Number
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56-1815473 | |
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Entity Address Address Line1
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3200 Northline Avenue | |
| CY2022 | dei |
Entity Address Address Line2
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Suite 360 | |
| CY2022 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
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Greensboro | |
| CY2022 | dei |
Entity Address State Or Province
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NC | |
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Entity Address Postal Zip Code
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27408 | |
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City Area Code
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336 | |
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Local Phone Number
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292-3010 | |
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Common Shares, $.01 par value | |
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SKT | |
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NYSE | |
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104497920 | shares |
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34 | |
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Deloitte & Touche LLP | |
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Auditor Location
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Charlotte, North Carolina | |
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Nature Of Operations
NatureOfOperations
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Organization of the Company<div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Tanger Factory Outlet Centers, Inc. and subsidiaries, which we refer to as the Company, is one of the largest owners and operators of outlet centers in the United States and Canada. We are a fully-integrated, self-administered and self-managed real estate investment trust ("REIT") which, through our controlling interest in Tanger Properties Limited Partnership and subsidiaries, which we refer to as the Operating Partnership, focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2022, we owned and operated 29 consolidated outlet centers, with a total gross leasable area of approximately 11.4 million square feet and one center under construction. All references to gross leasable area, square feet, occupancy, stores and store brands contained in the notes to the consolidated financial statements are unaudited. These outlet centers were 97% occupied and contained over 2,200 stores, representing approximately 600 store brands. We also had partial ownership interests in 6 unconsolidated outlet centers totaling approximately 2.1 million square feet, including 2 outlet centers in Canada. The portfolio also includes one managed center. Each of our outlet centers, except one joint venture property, features the Tanger brand name. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our outlet 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 properties are also descriptions of the business, employees and properties of the Operating Partnership. Unless the context indicates otherwise, the term “Company” refers to Tanger Factory Outlet Centers, 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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In November 2021, Tanger Factory Outlet Centers, Inc. (the “Company”) was admitted as General Partner of Tanger Properties Limited Partnership (the “Operating Partnership”). Prior to this administrative change, the Company owned the majority of the units of partnership interest issued by the Operating Partnership through its two wholly-owned subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controlled the Operating Partnership as its sole general partner and Tanger LP Trust held a limited partnership interest. Following this change to the ownership structure, the Company has replaced Tanger GP Trust as the sole general partner of the Operating Partnership and Tanger LP Trust retains its limited partnership interest. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company, including its wholly-owned subsidiary, Tanger LP Trust, owns the majority of the units of partnership interest issued by the Operating Partnership. As of December 31, 2022, the Company and its wholly-owned subsidiaries owned 104,497,920 units of the Operating Partnership and other limited partners (the "Non-Company LPs") collectively owned 4,737,982 Class A common limited partnership units. Each Class A common limited partnership unit held by the Non-Company LPs is exchangeable for one of the Company's common shares, subject to certain limitations to preserve the Company's status as a REIT. Class B common limited partnership units, which are held by Tanger LP Trust, are not exchangeable for common shares of the Company.</span></div> | |
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Numberof Operating Partnership Units Ownedbythe Company
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104497920 | shares |
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1 | |
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">- The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used in the calculations of impairment losses, costs capitalized to originate operating leases, costs incurred for the construction and development of properties, and the values of deferred lease costs and other intangibles related to the acquisition of properties. Actual results could differ from those estimates.</span> | |
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694000 | sqft |
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Gross Proceeds From Issuance Of Common Stock
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Average Sale Stock Price Per Share
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Average Sale Stock Price Per Share
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0 | |
| CY2021 | skt |
Gross Proceeds From Issuance Of Common Stock
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189868000 | usd |
| CY2020 | skt |
Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
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0 | usd |
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Proceeds From Issuance Of Common Stock
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| CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
186969000 | usd |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2022Q4 | skt |
Exchange Ratioof Partnership Unitsfor Common Shares
ExchangeRatioofPartnershipUnitsforCommonShares
|
1 | |
| CY2022 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
968000 | usd |
| CY2021 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
867000 | usd |
| CY2020 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
878000 | usd |
| CY2022 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
319219000 | usd |
| CY2021 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
298095000 | usd |
| CY2020 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
289676000 | usd |
| CY2022 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
102200000 | usd |
| CY2021 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
109671000 | usd |
| CY2020 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
88256000 | usd |
| CY2022 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
421419000 | usd |
| CY2021 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
407766000 | usd |
| CY2020 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
377932000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
238442000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
196263000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
152185000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
117491000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
87086000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
199689000 | usd |
| CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
991156000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
78600000 | usd |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
79800000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
87500000 | usd |
| CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
88900000 | usd |
| CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5495000 | usd |
| CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5511000 | usd |
| CY2020 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5531000 | usd |
| CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1330000 | usd |
| CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1465000 | usd |
| CY2020 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
2511000 | usd |
| CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
948000 | usd |
| CY2021 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
276000 | usd |
| CY2020 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
295000 | usd |
| CY2022 | us-gaap |
Lease Cost
LeaseCost
|
7773000 | usd |
| CY2021 | us-gaap |
Lease Cost
LeaseCost
|
7252000 | usd |
| CY2020 | us-gaap |
Lease Cost
LeaseCost
|
8337000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P48Y3M14D | |
| CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | rate |
| CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
87528000 | usd |
| CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5669000 | usd |
| CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5613000 | usd |
| CY2020 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5568000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5709000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5765000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5816000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
5854000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
5893000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
209270000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
238307000 | usd |
| CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
150779000 | usd |
| CY2022 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
97916000 | usd |
| CY2021 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
96990000 | usd |
| CY2020Q4 | skt |
Occupancy Rate
OccupancyRate
|
0.95 | |
| CY2021Q4 | skt |
Occupancy Rate
OccupancyRate
|
0.97 | |
| CY2022Q4 | srt |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
68972000 | usd |
| CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
253654000 | usd |
| CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
1827394000 | usd |
| CY2022Q4 | skt |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements Land
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovementsLand
|
21425000 | usd |
| CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
753398000 | usd |
| CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
275079000 | usd |
| CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
2580792000 | usd |
| CY2022Q4 | skt |
Sec Schedule Iii Real Estateincludingheldforsaleproperties Gross
SECScheduleIIIRealEstateincludingheldforsalepropertiesGross
|
2855871000 | usd |
| CY2022Q4 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciationincludingheldforsale
SECScheduleIIIRealEstateAccumulatedDepreciationincludingheldforsale
|
1224962000 | usd |
| CY2022Q4 | srt |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
2900000000 | usd |
| CY2022 | skt |
Buildings And Improvements Estimated Useful Life
BuildingsAndImprovementsEstimatedUsefulLife
|
P33Y | |
| CY2022 | skt |
Land Improvements Useful Life
LandImprovementsUsefulLife
|
P15Y | |
| CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2800758000 | usd |
| CY2020Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2793372000 | usd |
| CY2019Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2896894000 | usd |
| CY2022 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
92828000 | usd |
| CY2021 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
37218000 | usd |
| CY2020 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
29516000 | usd |
| CY2022 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
0 | usd |
| CY2021 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
8574000 | usd |
| CY2020 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
91603000 | usd |
| CY2022 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
37715000 | usd |
| CY2021 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
21258000 | usd |
| CY2020 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
41435000 | usd |
| CY2022Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2855871000 | usd |
| CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2800758000 | usd |
| CY2020Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
2793372000 | usd |
| CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1145388000 | usd |
| CY2020Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1054993000 | usd |
| CY2019Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1009951000 | usd |
| CY2020 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
101665000 | usd |
| CY2022 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Writedown Or Reserve Amount
SECScheduleIIIRealEstateAccumulatedDepreciationWritedownOrReserveAmount
|
0 | usd |
| CY2021 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Writedown Or Reserve Amount
SECScheduleIIIRealEstateAccumulatedDepreciationWritedownOrReserveAmount
|
2160000 | usd |
| CY2020 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Writedown Or Reserve Amount
SECScheduleIIIRealEstateAccumulatedDepreciationWritedownOrReserveAmount
|
30208000 | usd |
| CY2022 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Dispositions
SECScheduleIIIRealEstateAccumulatedDepreciationDispositions
|
18342000 | usd |
| CY2021 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Dispositions
SECScheduleIIIRealEstateAccumulatedDepreciationDispositions
|
4435000 | usd |
| CY2020 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Dispositions
SECScheduleIIIRealEstateAccumulatedDepreciationDispositions
|
26415000 | usd |
| CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1224962000 | usd |
| CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1145388000 | usd |
| CY2020Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1054993000 | usd |
