June 29, 2023 - 10-K/A: Annual report pursuant to Section 13 and 15(d)

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment No. 1)


			☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2022


			☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission file number 1-11986 (Tanger Factory Outlet Centers, Inc.)

Commission file number 333-3526-01 (Tanger Properties Limited Partnership)

TANGER FACTORY OUTLET CENTERS, INC.

TANGER PROPERTIES LIMITED PARTNERSHIP

(Exact name of registrant as specified in its charter)


North Carolina	(Tanger Factory Outlet Centers, Inc.)	56-1815473
North Carolina	(Tanger Properties Limited Partnership)	56-1822494
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

3200 Northline Avenue, Suite 360, Greensboro, NC 27408

(Address of principal executive offices)

(336) 292-3010

(Registrant’s telephone number, including area code)


Securities registered pursuant to Section 12(b) of the Act:
Tanger Factory Outlet Centers, Inc.:
Title of each class	Trading Symbol (s)	Name of exchange on which registered
Common Shares, $.01 par value	SKT	New York Stock Exchange

Tanger Properties Limited Partnership:
None

Securities registered pursuant to Section 12(g) of the Act:
Tanger Factory Outlet Centers, Inc.: None
Tanger Properties Limited Partnership: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Tanger Factory Outlet Centers, Inc.

Yes

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☐

Tanger Properties Limited Partnership

Yes

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☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Tanger Factory Outlet Centers, Inc.

Yes

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☒

Tanger Properties Limited Partnership

Yes

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☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Tanger Factory Outlet Centers, Inc.

Yes

☒

☐

Tanger Properties Limited Partnership

Yes

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☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Tanger Factory Outlet Centers, Inc.

Yes

☒

☐

Tanger Properties Limited Partnership

Yes

☒

☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer," “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Tanger Factory Outlet Centers, Inc.

Large Accelerated Filer

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Accelerated Filer

☐

Non-accelerated Filer

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Smaller Reporting Company

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Emerging Growth Company

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Tanger Properties Limited Partnership

Large Accelerated Filer

☐

Accelerated Filer

☐

Non-accelerated Filer

☒

Smaller Reporting Company

☐

Emerging Growth Company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Tanger Factory Outlet Centers, Inc.			☐
Tanger Properties Limited Partnership			☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of

the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.

7262(b)) by the registered public accounting firm that prepared or issued its audit report.


Tanger Factory Outlet Centers, Inc.			☒
Tanger Properties Limited Partnership			☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Tanger Factory Outlet Centers, Inc.

Yes

☐

☒

Tanger Properties Limited Partnership

Yes

☐

☒

The aggregate market value of voting shares held by non-affiliates of Tanger Factory Outlet Centers, Inc. was approximately $1,451,887,553 based on the closing price on the New York Stock Exchange for such shares on June 30, 2022.

The number of Common Shares of Tanger Factory Outlet Centers, Inc. outstanding as of February 10, 2023 was 104,497,920.

Auditor Firm PCAOB ID 34 Auditor Name: Deloitte & Touche LLP Auditor Location: Charlotte, North Carolina

Documents Incorporated By Reference

Portions of Tanger Factory Outlet Center, Inc.'s definitive proxy statement filed with respect to the 2023 Annual Meeting of Shareholders are incorporated by reference in Part III.

EXPLANATORY NOTE

This Amendment No. 1 (the "Amendment") to the Annual Report on Form 10-K for the year ended December 31, 2022 (the "Original Annual Report") of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership amends the Original Annual Report solely for the purpose of revising the Lease Expirations tables contained in Item 2, Properties. With the exception of this revision, the information contained in Item 2, Properties is the same.

As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in connection with the Amendment, the Company’s Chief Executive Officer and Chief Financial Officer have reissued applicable portions of their certifications required under Section 302 of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”). This Amendment does not include certifications under Section 906 of Sarbanes-Oxley because no financial statements are being filed with this Amendment.

With the exception of the foregoing, no other information in the Original Annual Report has been supplemented, updated or amended. This Amendment is not intended to amend or otherwise update other information in the Original Annual Report. Among other things, forward-looking statements made in the Original Annual Report have not been revised to reflect events, results or developments that have occurred or facts that have become known to the Company after the date of the Original Annual Report, and such forward-looking statements should be read in their historical context. Accordingly, this Amendment should be read in conjunction with the Original Annual Report and with the Company’s other filings made with the Securities and Exchange Commission (“SEC”) subsequent to the filing of the Original Annual Report.

ITEM 2.PROPERTIES

As of December 31, 2022, our consolidated portfolio consisted of 29 outlet centers totaling 11.4 million square feet located in 18 states and one center under construction. We own interests in six other outlet centers totaling approximately 2.1 million square feet through unconsolidated joint ventures, including two outlet centers in Canada. Our portfolio also includes one managed center totaling approximately 500,000 square feet. Each of our outlet centers, except one joint venture property, features the Tanger brand name. Our consolidated outlet centers range in size from 181,687 to 739,148 square feet. The outlet centers are generally located near tourist destinations or along major interstate highways to provide visibility and accessibility to potential customers.

We believe that the outlet centers are well diversified geographically and by tenant and that we are not dependent upon any single property or tenant. The outlet center in Deer Park, New York is the only property that comprises 10% or more of our consolidated total assets as of December 31, 2022. No property comprises more than 10% of our consolidated revenues for the year ended December 31, 2022. See "Properties - Significant Property" for further details.

We have an ongoing strategy of acquiring outlet centers, developing new outlet centers and expanding existing outlet centers. See “Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” for a discussion of the cost of such programs and the sources of financing thereof.

As of December 31, 2022, of the 29 outlet centers in our consolidated portfolio, we own the land underlying 23 and have ground leases on six. The following table sets forth information about the land leases on which all or a portion of the outlet centers are located:


Outlet Center	Acres	Expiration	Expiration including renewal terms at our option
Myrtle Beach Hwy 17, SC	40.0	2027	2096
Atlantic City, NJ	21.3	2100	2101
Sevierville, TN	43.6	2086	2086
Riverhead, NY	47.0	2024	2039
Mashantucket, CT (Foxwoods)	8.1	2039	2089
Rehoboth Beach, DE	2.7	2044	2064

Generally, our leases with our outlet center tenants typically have an initial term that ranges from 5 to 10 years and provide for the payment of fixed monthly rent in advance. There are often contractual base rent increases during the initial term of the lease. In addition, the rental payments are customarily subject to upward adjustments based upon tenant sales volume. A component of most leases includes a pro-rata share or escalating fixed contributions by the tenant for property operating expenses, including common area maintenance, real estate taxes, insurance and advertising and promotion, thereby reducing exposure to increases in operating expenses resulting from inflation.

The following table summarizes certain information with respect to our consolidated outlet centers as of December 31, 2022:


State	Number of Outlet Centers	Square Feet	% of Square Feet
South Carolina	5	1,605,812	14
New York	2	1,468,429	13
Georgia	3	1,121,579	10
Pennsylvania	3	999,442	9
Texas	2	823,557	7
Michigan	2	671,571	6
Alabama	1	554,736	5
Delaware	1	550,921	5
New Jersey	1	487,718	4
Tennessee	1	449,968	4
Arizona	1	410,753	3
Florida	1	351,691	3
Missouri	1	329,861	3
Mississippi	1	324,801	3
Louisiana	1	321,066	3
North Carolina	1	319,762	3
Connecticut	1	311,229	3
New Hampshire	1	250,558	2
Total	29	11,353,454	100

The following table summarizes certain information with respect to our existing outlet centers in which we have an ownership interest as of December 31, 2022. Except as noted, all properties are fee owned:


Location	Legal Ownership %	Square Feet	% Occupied
Consolidated Outlet Centers
Deer Park, New York	100	739,148	100
Riverhead, New York (1)	100	729,281	93
Foley, Alabama	100	554,736	94
Rehoboth Beach, Delaware (1)	100	550,921	96
Atlantic City, New Jersey (1) (3)	100	487,718	90
San Marcos, Texas	100	471,816	96
Sevierville, Tennessee (1)	100	449,968	100
Savannah, Georgia	100	429,089	100
Myrtle Beach Hwy 501, South Carolina	100	426,523	98
Glendale, Arizona (Westgate)	100	410,753	100
Myrtle Beach Hwy 17, South Carolina (1)	100	404,710	100
Charleston, South Carolina	100	386,328	100
Lancaster, Pennsylvania	100	375,883	100
Pittsburgh, Pennsylvania	100	373,863	96
Commerce, Georgia	100	371,408	99
Grand Rapids, Michigan	100	357,133	91
Fort Worth, Texas	100	351,741	99
Daytona Beach, Florida	100	351,691	100
Branson, Missouri	100	329,861	100
Southaven, Mississippi (2) (3)	50	324,801	100
Locust Grove, Georgia	100	321,082	99
Gonzales, Louisiana	100	321,066	100
Mebane, North Carolina	100	319,762	100
Howell, Michigan	100	314,438	84
Mashantucket, Connecticut (Foxwoods) (1)	100	311,229	86
Tilton, New Hampshire	100	250,558	94
Hershey, Pennsylvania	100	249,696	100
Hilton Head II, South Carolina	100	206,564	99
Hilton Head I, South Carolina	100	181,687	99
Total		11,353,454	97

(1)These properties or a portion thereof are subject to a ground lease.

(2)Based on capital contribution and distribution provisions in the joint venture agreement, we expect our economic interest in the venture's cash flow to be greater than our legal ownership percentage. We currently receive substantially all the economic interest of the property.

(3)Property encumbered by mortgage. See Notes 7 and 8 to the consolidated financial statements for further details of our debt obligations.


Location	Legal Ownership %	Square Feet	% Occupied
Unconsolidated joint venture properties
Charlotte, North Carolina (1)	50	398,698	98
Ottawa, Ontario	50	357,209	96
Columbus, Ohio (1)	50	355,245	100
Texas City, Texas (Galveston/Houston) (1)	50	352,705	96
National Harbor, Maryland (1)	50	341,156	100
Cookstown, Ontario	50	307,883	98
Total		2,112,896	98

(1)Property encumbered by mortgage. See Note 5 to the consolidated financial statements for further details of our joint ventures' debt obligations.

Location

Square Feet

Managed Properties

Palm Beach, Florida

457,326

Base Rents and Occupancy Rates

The following table sets forth our year end occupancy and average annual base rent per square foot during each of the last five calendar years for our consolidated outlet centers:


	2022			2021			2020 (2)			2019			2018
Occupancy	97		%	95		%	92		%	97		%	97		%
Average annual base rent per square foot	$	25.25		$	23.79		$	21.10		$	25.35		$	25.51

(1)Average annual base rent per square foot is calculated based on base rental revenues recognized during the year on a straight-line basis including non-cash adjustments to base rent required by United States Generally Accepted Accounting Principles ("GAAP") and the effects of inducements and rent concessions divided by the weighted average square feet of the consolidated portfolio. Average annual base rent excludes common area maintenance and reimbursements.

(2)The decline in the average annual base rent per square foot in 2020 compared to previous years reflects the decline in occupancy from 97% in 2019 to 92% in 2020 and rent modifications primarily due to a number of tenants filing bankruptcy during 2020.

Lease Expirations

The following table sets forth, as of December 31, 2022, scheduled lease expirations for our consolidated outlet centers, assuming none of the tenants exercise renewal options:


Year	No. of Leases Expiring	Approx. Square Feet (in 000's) (1)	Average Annualized Base Rent per sq. ft		Annualized Base Rent (in 000's) (2)		% of Annualized Base Rent Represented by Expiring Leases
2023	316	1,606	27.03		43,418		17
2024	354	1,676	29.14		48,838		19
2025	317	1,580	27.84		43,985		17
2026	222	1,089	29.66		32,301		13
2027	201	1,016	30.71		31,197		12
2028	121	792	26.31		20,840		8
2029	84	346	31.93		11,048		4
2030	50	313	31.47		9,851		4
2031	27	140	25.56		3,578		1
2032	48	372	26.30		9,785		4
2033 and after	8	40	36.75		1,470		1
	1,748	8,970	$	28.57	$	256,311	100

(1)Excludes leases that have been entered into but which tenant has not yet taken possession, vacant suites, leases that have turned over but not open, temporary leases and month-to-month leases totaling in the aggregate approximately 2.4 million square feet of our consolidated outlet centers.

(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents which are based on a percentage of sales in lieu of fixed contractual rents.

Changes in rental income associated with individual signed leases on comparable spaces may be positive or negative, and we can provide no assurance that the rents on new leases or renewals of existing leases will increase from current levels, if at all.

Expiring leases

The following table sets forth information regarding the expiring leases for our consolidated outlet centers during each of the last five calendar years:


	Total Expiring		Renewed by Existing Tenants
Year (1)	Square Feet (in 000's)	% of Total Outlet Center Square Feet (2)	Square Feet (in 000's)	% of Expiring Square Feet
2022	1,968	17	1,559	79
2021	1,728	15	1,359	79
2020	1,526	13	1,096	72
2019	1,320	11	1,020	81
2018	1,742	13	1,418	81

(1)Excludes data for properties sold in each respective year.

(2)Represents the percentage of total square footage at the beginning of each year that is scheduled to expire during the respective year.

Leasing activity

In 2021, we revised our rent spread presentation from a commenced basis to executed basis and we are presenting it for comparable space. Comparable space excludes leases for space that was vacant for more than 12 months (non-comparable space). We believe that this presentation provides additional information and improves comparability to other retail REITs. Prior period results have been revised to conform with the current period presentation.

The following table sets forth leasing activity for each of the calendar years for comparable space for executed leases for consolidated outlet centers.(1)


	Renewals of Existing Leases					Stores Re-leased to New Tenants
		Initial Rent (2)						Initial Rent (2)
		($ per sq. ft.)						($ per sq. ft.)
Year	Square Feet (in 000's)		New		Rent Spread %(3)		Square Feet (in 000's)		New		Rent Spread %(3)
2022	1,693		$	30.72	9		122		$	43.47	28
2021	978		$	31.08	—		192		$	29.27	(4)
2020	1,077		$	22.90	(8)		91		$	30.02	(5)
2019	967		$	25.36	(7)		385		$	28.34	(21)
2018	1,381		$	30.57	(1)		299		$	36.92	17

(1)For consolidated properties owned as of the period-end date. Represents leases for new stores or renewals that were executed during the respective calendar year and excludes license agreements, seasonal tenants and month-to-month leases.

(2)Represents average initial cash rent (base rent and common area maintenance (“CAM”)).

(3)Represents change in initial and expiring cash rent (base rent and CAM). See above for a description of the change in calculation from prior periods.

Occupancy Costs

We believe that our ratio of average tenant occupancy cost (which includes base rent, common area maintenance, real estate taxes, insurance, advertising and promotions) to average sales per square foot is low relative to other forms of retail distribution. The following table sets forth for tenants that report sales, for each of the last five calendar years, tenant occupancy costs per square foot as a percentage of reported tenant sales per square foot for our consolidated outlet centers:


Year						Occupancy Costs as a % of Tenant Sales
2022						8.6
2021						8.1
2020						N/A (1)
2019						10.0
2018						9.9

(1)As a result of the COVID-19 pandemic, retailers stores were closed for much of the second quarter of 2020 due to mandates by order of local and state authorities. Given the fewer than twelve months of sales reported by our tenants for 2020, an average tenant occupancy cost is not provided for this period.

As of December 31, 2022, our occupancy cost ratio increased to 8.6%. The increase from 2021 relates to higher operating costs.

Tenants

The following table sets forth certain information for our consolidated outlet centers with respect to our 25 largest tenants based on total annualized base rent as of December 31, 2022 (1) :


Tenant	Brands	# of Stores	Gross Leasable Area (GLA)	% of Total GLA		% of Total Annualized Base Rent (2)
The Gap, Inc.	Gap, Banana Republic, Old Navy	81	867,805	7.0	%	5.3	%
SPARC Group	Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brands, Nautica	88	530,635	4.3	%	4.0	%
Premium Apparel, LLC; The Talbots, Inc.	LOFT, Ann Taylor, Lane Bryant, Talbots	76	406,570	3.3	%	3.9	%
Under Armour, Inc.	Under Armour, Under Armour Kids	28	246,787	2.0	%	3.0	%
PVH Corp.	Tommy Hilfiger, Calvin Klein	38	286,103	2.3	%	3.0	%
Tapestry, Inc.	Coach, Kate Spade, Stuart Weitzman	48	226,912	1.8	%	3.0	%
American Eagle Outfitters, Inc.	American Eagle Outfitters, Aerie	42	283,306	2.3	%	2.8	%
Nike, Inc.	Nike, Converse, Hurley	30	362,948	2.9	%	2.4	%
Columbia Sportswear Company	Columbia Sportswear	22	176,697	1.4	%	2.3	%
Capri Holdings Limited	Michael Kors, Michael Kors Men’s	27	137,486	1.1	%	2.0	%
Carter’s, Inc.	Carter's, OshKosh B'gosh	39	173,705	1.4	%	2.0	%
Signet Jewelers Limited	Kay Jewelers, Zales, Jared Vault	49	108,873	0.9	%	1.9	%
Skechers USA, Inc.	Skechers	28	154,913	1.2	%	1.8	%
Hanesbrands Inc.	Hanesbrands, Maidenform, Champion	33	162,479	1.3	%	1.8	%
Rack Room Shoes, Inc.	Rack Room Shoes	25	187,848	1.5	%	1.8	%
Ralph Lauren Corporation	Polo Ralph Lauren, Polo Children, Polo Ralph Lauren Big & Tall	30	338,181	2.7	%	1.7	%
V. F. Corporation	The North Face, Vans, Timberland, Dickies, Work Authority	27	143,207	1.2	%	1.7	%
Luxottica Group S.p.A.	Sunglass Hut, Oakley, Lenscrafters	53	79,829	0.6	%	1.6	%
Express Inc.	Express Factory	24	168,000	1.4	%	1.6	%
H & M Hennes & Mauritz LP.	H&M	18	385,321	3.1	%	1.6	%
Adidas AG	Adidas	19	141,430	1.1	%	1.6	%
Chico’s, FAS Inc.	Chicos, White House/Black Market, Soma Intimates	34	98,901	0.8	%	1.5	%
Levi Strauss & Co.	Levi's	27	111,510	0.9	%	1.5	%
Caleres Inc.	Famous Footwear	25	148,489	1.2	%	1.4	%
Rue 21, LLC	Rue 21	19	114,559	0.9	%	1.3	%
Total of Top 25 tenants		930	6,042,494	48.6	%	56.5	%

(1)Excludes leases that have been entered into but for which the tenant has not yet taken possession, temporary leases and month-to-month leases. Includes all retail concepts of each tenant group for consolidated outlet centers; tenant groups are determined based on leasing relationships.

(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents that are based on a percentage of sales in lieu of fixed contractual rents.

Significant Property

The Deer Park, New York outlet center is the only property that comprises 10% or more of our consolidated total assets. No property comprises more than 10% of our consolidated revenues.

Tenants at the Deer Park outlet center principally conduct retail sales operations. The following table shows occupancy and certain base rental information related to this property as of December 31, 2022, 2021 and 2020:


Deer Park	Square Feet	2022			2021			2020
Outlet Center Occupancy	739,148	100		%	95		%	89		%

Average base rental rates per weighted average square foot (1)		$	35.33		$	31.99		$	19.25

(1)Average annual base rent per square foot is calculated based on base rental revenues recognized during the year on a straight-line basis including non-cash adjustments to base rent required by GAAP and the effects of inducements and rent concessions divided by the weighted average square feet of the Deer Park Outlet Center.

The increase in the average annual base rent per square foot in 2022 compared to 2021 reflects the increase in occupancy from 95% in 2021 to 100% in 2022 and temporary rent modifications primarily due to a number of tenants filing for bankruptcy during 2020.

Depreciation on the outlet centers is computed on the straight-line basis over the estimated useful lives of the assets. We generally use estimated lives of up to 33 years for buildings, 15 years for land improvements and 7 years for equipment. Expenditures for ordinary repairs and maintenance are charged to operations as incurred while significant renovations and improvements, including tenant finishing allowances, which improve and/or extend the useful life of the asset are capitalized and depreciated over their estimated useful life. Real estate taxes assessed on this outlet center during 2022 amounted to $5.6 million. Real estate taxes for 2023 are estimated to be approximately $5.7 million.

The following table sets forth, as of December 31, 2022, scheduled lease expirations for the Deer Park outlet center assuming that none of the tenants exercise renewal options:


Year	No. of Leases Expiring (1)	Square Feet (in 000's) (1)	Annualized Base Rent per Square Foot		Annualized Base Rent (in 000's) (2)		% of Gross Annualized Base Rent Represented by Expiring Leases
2023	16	99	31.09		3,078		15
2024	24	177	38.72		6,854		33
2025	5	24	33.46		803		4
2026	5	19	45.37		862		4
2027	4	15	46.60		699		4
2028	11	108	42.57		4,598		22
2029	7	21	42.24		887		4
2030	4	28	44.21		1,238		6
2031	2	5	37.60		188		1
2032	3	95	15.47		1,470		7
2033 and after	—	—	—		—		—
Total	81	591	$	34.99	$	20,677	100	%

(1)Excludes leases that have been entered into but for which the tenant has not taken possession, vacant suites, leases that have turned over but not open, temporary leases and month-to-month leases totaling in the aggregate approximately 148,000 square feet.

(2)Annualized base rent is defined as the minimum monthly payments due as of the end of the reporting period annualized, excluding periodic contractual fixed increases. Includes rents that are based on a percentage of sales in lieu of fixed contractual rents.

ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

The following documents are filed as part of this Amendment:

Exhibits.


Exhibit No.						Description


31.1						Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Tanger Factory Outlet Centers, Inc.
31.2						Principal Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Tanger Factory Outlet Centers, Inc.
31.3						Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Tanger Properties Limited Partnership.
31.4						Principal Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Tanger Properties Limited Partnership.
101.INS**						Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
101.SCH**						Inline XBRL Taxonomy Extension Schema Document
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** Submitted herewith.

SIGNATURES of Tanger Factory Outlet Centers, Inc.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


			TANGER FACTORY OUTLET CENTERS, INC.

By:			/s/ Michael J. Bilerman
			Michael J. Bilerman
			Executive Vice President, Chief Financial Officer, Chief Investment Officer and Secretary

June 29, 2023

SIGNATURES of Tanger Properties Limited Partnership


			TANGER PROPERTIES LIMITED PARTNERSHIP

By:			TANGER FACTORY OUTLET CENTERS, INC., its sole general partner

By:			/s/ Michael J. Bilerman
			Michael J. Bilerman
			Executive Vice President, Chief Financial Officer, Chief Investment Officer and Secretary

June 29, 2023