2024 Q1 Form 10-K Financial Statement
#000089971524000044 Filed on February 21, 2024
Income Statement
| Concept | 2024 Q1 | 2023 |
|---|---|---|
| Revenue | $123.4M | $464.4M |
| YoY Change | 13.24% | 4.92% |
| Cost Of Revenue | $35.47M | $145.5M |
| YoY Change | 6.99% | 17.29% |
| Gross Profit | $87.91M | $318.9M |
| YoY Change | 15.98% | 0.11% |
| Gross Profit Margin | 71.25% | 68.66% |
| Selling, General & Admin | $19.49M | $76.13M |
| YoY Change | 11.79% | -16.69% |
| % of Gross Profit | 22.17% | 23.88% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $33.86M | $108.9M |
| YoY Change | 30.77% | -2.69% |
| % of Gross Profit | 38.52% | 34.15% |
| Operating Expenses | $88.82M | $185.0M |
| YoY Change | 16.14% | -8.98% |
| Operating Profit | -$909.0K | $133.8M |
| YoY Change | 33.68% | 16.14% |
| Interest Expense | $14.35M | -$47.93M |
| YoY Change | 16.28% | 2.05% |
| % of Operating Profit | -35.81% | |
| Other Income/Expense, Net | -$13.77M | $9.729M |
| YoY Change | 44.25% | 61.37% |
| Pretax Income | $20.79M | $95.64M |
| YoY Change | -9.31% | 23.83% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $22.41M | $97.97M |
| YoY Change | -4.79% | 20.66% |
| Net Earnings / Revenue | 18.17% | 21.09% |
| Basic Earnings Per Share | $0.20 | |
| Diluted Earnings Per Share | $0.20 | $0.92 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 108.9M shares | |
| Diluted Shares Outstanding | 110.0M shares |
Balance Sheet
| Concept | 2024 Q1 | 2023 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $8.137M | $12.78M |
| YoY Change | -95.99% | -93.98% |
| Cash & Equivalents | $8.137M | $12.78M |
| Short-Term Investments | ||
| Other Short-Term Assets | $110.2M | $108.6M |
| YoY Change | 9.26% | -2.3% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $118.3M | $121.4M |
| YoY Change | -61.04% | -62.45% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.017B | $2.030B |
| YoY Change | 17.36% | 18.77% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $79.44M | $81.09M |
| YoY Change | -25.28% | -35.78% |
| Other Assets | $86.44M | $91.27M |
| YoY Change | 52.13% | 55.82% |
| Total Long-Term Assets | $2.183B | $2.203B |
| YoY Change | 16.0% | 16.28% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $118.3M | $121.4M |
| Total Long-Term Assets | $2.183B | $2.203B |
| Total Assets | $2.301B | $2.324B |
| YoY Change | 5.3% | 4.8% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $77.92M | $118.5M |
| YoY Change | -1.86% | 13.14% |
| Accrued Expenses | $85.76M | $86.08M |
| YoY Change | -1.69% | -1.66% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $163.7M | $204.6M |
| YoY Change | -1.77% | 6.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.472B | $1.439B |
| YoY Change | 3.06% | 0.75% |
| Other Long-Term Liabilities | $86.15M | $89.02M |
| YoY Change | 1.93% | 7.3% |
| Total Long-Term Liabilities | $1.558B | $1.528B |
| YoY Change | 3.0% | 1.11% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $163.7M | $204.6M |
| Total Long-Term Liabilities | $1.558B | $1.528B |
| Total Liabilities | $1.721B | $1.757B |
| YoY Change | 2.52% | 1.81% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $1.094M | |
| YoY Change | 3.89% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $555.8M | $566.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.301B | $2.324B |
| YoY Change | 5.3% | 4.8% |
Cashflow Statement
| Concept | 2024 Q1 | 2023 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $22.41M | $97.97M |
| YoY Change | -4.79% | 20.66% |
| Depreciation, Depletion And Amortization | $33.86M | $108.9M |
| YoY Change | 30.77% | -2.69% |
| Cash From Operating Activities | $31.08M | $229.6M |
| YoY Change | 21.53% | 7.31% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $27.19M | $458.7M |
| YoY Change | 3.36% | 441.18% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $2.940M | $49.10M |
| YoY Change | -195.73% | -449.07% |
| Cash From Investing Activities | -$26.30M | -$409.6M |
| YoY Change | 1304.11% | 314.46% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $29.57M | |
| YoY Change | 20.1% | |
| Common Stock Issuance & Retirement, Net | $88.86M | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$9.336M | -19.28M |
| YoY Change | -71.72% | -69.95% |
| NET CHANGE | ||
| Cash From Operating Activities | $31.08M | 229.6M |
| Cash From Investing Activities | -$26.30M | -409.6M |
| Cash From Financing Activities | -$9.336M | -19.28M |
| Net Change In Cash | -$4.641M | -199.2M |
| YoY Change | -50.11% | -490.8% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $31.08M | $229.6M |
| Capital Expenditures | $27.19M | $458.7M |
| Free Cash Flow | $3.887M | -$229.1M |
| YoY Change | -628.13% | -277.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000899715 | |
| CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2023 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
| CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2023 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
| CY2023 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-12-31 | |
| CY2023 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2023 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
| CY2023 | dei |
Entity Registrant Name
EntityRegistrantName
|
TANGER INC | |
| CY2023 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NC | |
| CY2023 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
56-1815473 | |
| CY2023 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
3200 Northline Avenue | |
| CY2023 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 360 | |
| CY2023 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Greensboro | |
| CY2023 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NC | |
| CY2023 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
27408 | |
| CY2023 | dei |
City Area Code
CityAreaCode
|
336 | |
| CY2023 | dei |
Local Phone Number
LocalPhoneNumber
|
292-3010 | |
| CY2023 | dei |
Security12b Title
Security12bTitle
|
Common Shares, $.01 par value | |
| CY2023 | dei |
Trading Symbol
TradingSymbol
|
SKT | |
| CY2023 | dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | |
| CY2023 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2023 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2023 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2023 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2023 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2023 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
| CY2023 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2023 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
true | |
| CY2023 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
| CY2023 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
| CY2023 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
| CY2023 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
| CY2023Q2 | dei |
Entity Public Float
EntityPublicFloat
|
2273532045 | usd |
| CY2024Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
108916943 | shares |
| CY2023Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2023 | dei |
Auditor Firm
AuditorFirmId
|
34 | |
| CY2023 | dei |
Auditor Name
AuditorName
|
Deloitte & Touche LLP | |
| CY2023 | dei |
Auditor Location
AuditorLocation
|
Charlotte, North Carolina | |
| CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:9.67pt">Organization of the Company</span><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 shopping 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 its subsidiaries, which we refer to as the Operating Partnership, focuses on developing, acquiring, owning, operating and managing retail centers. As of December 31, 2023, we owned and operated 31 consolidated centers and one open-air lifestyle center, with a total gross leasable area of approximately 12.7 million square feet. 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 centers were 97% occupied and contained over 2,400 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. Each of our centers, except one joint venture center, 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 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 Annual Report on Form 10-K.</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, the Company was admitted as the sole General Partner of 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 therein. Following the aforementioned 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 in the Operating Partnership. </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, 2023, the Company and its wholly owned subsidiaries owned 108,793,251 units of the Operating Partnership and other limited partners (the "Non-Company LPs") collectively owned 4,707,958 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 for U.S. federal income tax purposes. Class B common limited partnership units, which are held by Tanger LP Trust, are not exchangeable for common shares of the Company.</span></div> | |
| CY2023Q4 | skt |
Numberof Operating Partnership Units Ownedbythe Company
NumberofOperatingPartnershipUnitsOwnedbytheCompany
|
108793251 | shares |
| CY2023Q4 | skt |
Exchange Ratioof Partnership Unitsfor Common Shares
ExchangeRatioofPartnershipUnitsforCommonShares
|
1 | |
| CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="text-align:justify"><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 GAAP 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></div> | |
| CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
| CY2023 | skt |
Internal Development Costs Capitalized
InternalDevelopmentCostsCapitalized
|
3843000 | usd |
| CY2022 | skt |
Internal Development Costs Capitalized
InternalDevelopmentCostsCapitalized
|
2924000 | usd |
| CY2021 | skt |
Internal Development Costs Capitalized
InternalDevelopmentCostsCapitalized
|
1526000 | usd |
| CY2023 | us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
2509000 | usd |
| CY2022 | us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
862000 | usd |
| CY2021 | us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
0 | usd |
| CY2023 | skt |
Real Estate Depreciation
RealEstateDepreciation
|
97636000 | usd |
| CY2022 | skt |
Real Estate Depreciation
RealEstateDepreciation
|
97916000 | usd |
| CY2021 | skt |
Real Estate Depreciation
RealEstateDepreciation
|
96990000 | usd |
| CY2023 | skt |
Purchase Price Allocated To Assets Useful Life Maximum
PurchasePriceAllocatedToAssetsUsefulLifeMaximum
|
P33Y | |
| CY2023 | skt |
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
|
1696000 | usd |
| CY2022 | skt |
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
|
1338000 | usd |
| CY2021 | skt |
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
Deferredleasecostsamountrelatedtosalariesandrelatedcosts
|
1233000 | usd |
| CY2023 | skt |
Deferred Lease Costs Capitalized
DeferredLeaseCostsCapitalized
|
3101000 | usd |
| CY2022 | skt |
Deferred Lease Costs Capitalized
DeferredLeaseCostsCapitalized
|
2570000 | usd |
| CY2021 | skt |
Deferred Lease Costs Capitalized
DeferredLeaseCostsCapitalized
|
5115000 | usd |
| CY2023 | skt |
Reit Annual Taxable Income Distribution Requirement Percentage
ReitAnnualTaxableIncomeDistributionRequirementPercentage
|
0.90 | |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
8900000 | usd |
| CY2023 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
48900000 | usd |
| CY2022 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
51100000 | usd |
| CY2023Q4 | skt |
Expenditures Included In Construction Trade Payables
ExpendituresIncludedInConstructionTradePayables
|
29193000 | usd |
| CY2022Q4 | skt |
Expenditures Included In Construction Trade Payables
ExpendituresIncludedInConstructionTradePayables
|
20084000 | usd |
| CY2021Q4 | skt |
Expenditures Included In Construction Trade Payables
ExpendituresIncludedInConstructionTradePayables
|
11663000 | usd |
| CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
46923000 | usd |
| CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
40839000 | usd |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
45114000 | usd |
| CY2022Q4 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
516000 | sqft |
| us-gaap |
Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
|
20500000 | usd | |
| us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
3156000 | usd | |
| CY2022 | skt |
Managementleasingandotherservicesrevenue
Managementleasingandotherservicesrevenue
|
6833000 | usd |
| CY2021 | skt |
Managementleasingandotherservicesrevenue
Managementleasingandotherservicesrevenue
|
6411000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
2800000 | usd |
| CY2022Q4 | us-gaap |
Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
|
3200000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
285035000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
251031000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
193766000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
192457000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
91269000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
58574000 | usd |
| CY2023 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-275000 | usd |
| CY2022 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-1000000.0 | usd |
| CY2021 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
78000 | usd |
| CY2022Q2 | skt |
Libo Rfloorinterestrate
LIBORfloorinterestrate
|
0.0025 | |
| CY2021Q1 | skt |
At Market Stock Aggregate Gross Sales Price Of Common Shares
AtMarketStockAggregateGrossSalesPriceOfCommonShares
|
250000000 | usd |
| CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
3500000 | shares |
| CY2023Q4 | skt |
At Market Stock Remaining Available For Sale
AtMarketStockRemainingAvailableForSale
|
220100000 | usd |
| CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
3494919 | shares |
| CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
| CY2021 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
10009263 | shares |
| CY2023 | skt |
Average Sale Stock Price Per Share
AverageSaleStockPricePerShare
|
25.75 | |
| CY2022 | skt |
Average Sale Stock Price Per Share
AverageSaleStockPricePerShare
|
0 | |
| CY2021 | skt |
Average Sale Stock Price Per Share
AverageSaleStockPricePerShare
|
18.97 | |
| CY2023 | skt |
Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
|
89986000 | usd |
| CY2022 | skt |
Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2021 | skt |
Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
|
189868000 | usd |
| CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
88861000 | usd |
| CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
186969000 | usd |
| CY2023Q4 | skt |
Exchange Ratioof Partnership Unitsfor Common Shares
ExchangeRatioofPartnershipUnitsforCommonShares
|
1 | |
| CY2023 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
1200000 | usd |
| 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 |
| CY2023 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
343433000 | 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 |
| CY2023 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
95456000 | usd |
| CY2022 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
102200000 | usd |
| CY2021 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
109671000 | usd |
| CY2023 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
438889000 | usd |
| CY2022 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
421419000 | usd |
| CY2021 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
407766000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
274169000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
215542000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
166269000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
125307000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
83122000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
208304000 | usd |
| CY2023Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
1072713000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
77400000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
78600000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
86100000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
87500000 | usd |
| CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5493000 | usd |
| CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5495000 | usd |
| CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5511000 | usd |
| CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1221000 | usd |
| CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1330000 | usd |
| CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1465000 | usd |
| CY2023 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
738000 | usd |
| CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
948000 | usd |
| CY2021 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
276000 | usd |
| CY2023 | us-gaap |
Lease Cost
LeaseCost
|
7452000 | usd |
| CY2022 | us-gaap |
Lease Cost
LeaseCost
|
7773000 | usd |
| CY2021 | us-gaap |
Lease Cost
LeaseCost
|
7252000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P47Y9M29D | |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | rate |
| CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5709000 | usd |
| CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5669000 | usd |
| CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5613000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5765000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5816000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5854000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
5893000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
4946000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
204366000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
232640000 | usd |
| CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
146564000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
86076000 | usd |
| CY2020Q4 | skt |
Occupancy Rate
OccupancyRate
|
0.97 | |
| CY2021Q4 | skt |
Occupancy Rate
OccupancyRate
|
0.97 | |
| CY2023Q4 | srt |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
64041000 | usd |
| CY2023Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
282178000 | usd |
| CY2023Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
2136525000 | usd |
| CY2023Q4 | skt |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements Land
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovementsLand
|
21427000 | usd |
| CY2023Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
831110000 | usd |
| CY2023Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
303605000 | usd |
| CY2023Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
2967635000 | usd |
| CY2023Q4 | skt |
Sec Schedule Iii Real Estateincludingheldforsaleproperties Gross
SECScheduleIIIRealEstateincludingheldforsalepropertiesGross
|
3271240000 | usd |
| CY2023Q4 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciationincludingheldforsale
SECScheduleIIIRealEstateAccumulatedDepreciationincludingheldforsale
|
1318264000 | usd |
| CY2023Q4 | srt |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
3400000000 | usd |
| CY2023 | skt |
Buildings And Improvements Estimated Useful Life
BuildingsAndImprovementsEstimatedUsefulLife
|
P33Y | |
| CY2023 | skt |
Land Improvements Useful Life
LandImprovementsUsefulLife
|
P15Y | |
| 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 |
| CY2023 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
188863000 | usd |
| CY2022 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
92828000 | usd |
| CY2021 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
37218000 | usd |
| CY2023 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
0 | 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 |
| CY2023 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
230840000 | usd |
| CY2022 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
0 | usd |
| CY2021 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
0 | usd |
| CY2023 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
4334000 | usd |
| CY2022 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
37715000 | usd |
| CY2021 | skt |
Sec Schedule Ii Real Estatedispositions
SECScheduleIIRealEstatedispositions
|
21258000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
3271240000 | 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 |
| 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 |
| CY2023 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
97636000 | 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 |
| CY2023 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Writedown Or Reserve Amount
SECScheduleIIIRealEstateAccumulatedDepreciationWritedownOrReserveAmount
|
0 | 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 |
| CY2023 | skt |
Sec Schedule Iii Real Estate Accumulated Depreciation Dispositions
SECScheduleIIIRealEstateAccumulatedDepreciationDispositions
|
4334000 | 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 |
| CY2023Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1318264000 | usd |
| CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1224962000 | usd |
| CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
1145388000 | usd |
