Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tanger Factory Outlet Centers reports solid Q4 performance and growth outlook

Tanger Factory Outlet Centers (SKT) delivered strong financial results in Q4 2022, with a focus on sustainable growth and enhancing the shopping experience. The company's commitment to carbon neutrality, solid financial position, and strategic initiatives position it well for future success. Challenges in managing expenses and addressing analyst queries are being actively navigated.

Tanger Factory Outlet Centers surpass Q1 expectations, eyes luxury expansion

Tanger Factory Outlet Centers delivered a strong performance in Q1, exceeding expectations across key financial metrics.
The company's strategic focus on digital initiatives, strong balance sheet, and dividend increase demonstrate resilience and growth potential.
While challenges like tenant mix optimization and perception management exist, Tanger is well-positioned to capitalize on opportunities for expansion and brand enhancement.

Tanger Factory Outlet Centers reports strong Q2 results and growth outlook

Tanger Factory Outlet Centers delivered strong financial performance and outlined growth initiatives in Q2 2023.
While facing challenges in guidance factors and market dynamics, Tanger's strategic focus on sustainability and growth opportunities is evident.
The company's proactive debt management, portfolio strength, and commitment to customer engagement position it well for future success.

Tanger Factory Outlet Centers (SKT) reports strong Q3 performance and growth opportunities

Tanger Factory Outlet Centers (SKT) delivered a robust performance in Q3, exceeding expectations with strong leasing and operational execution.
While facing short-term challenges in Q4, the company remains well-positioned with a solid balance sheet, increased guidance, and strategic growth initiatives.
Opportunities for sustained growth include optimizing tenant mix, leveraging leasing strength, and converting temporary tenancy to permanent occupancy.
Overall, Tanger's performance highlights resilience, strategic adaptability, and a focus on long-term stability and revenue growth.

Tanger Factory Outlet Centers (SKT) posts strong Q4 performance and eyes growth through strategic initiatives

Tanger Factory Outlet Centers (SKT) reported a strong Q4 2023 performance with notable financial growth and operational success.
The company's focus on strategic acquisitions, asset management, and digital initiatives positions it well for future growth and value creation.
Challenges include managing uncollectible rents, transitioning temporary tenants to permanent occupancy, and attracting luxury retailers in a competitive market.
Opportunities lie in driving growth through leasing strategies, acquisitions, remerchandising, and diversification to enhance revenue streams and tenant mix.

Tanger Factory Outlet Centers (SKT) reports robust Q1 performance and growth strategies

Tanger Factory Outlet Centers (SKT) delivered strong financial results and occupancy levels in Q1 2024, driven by strategic initiatives and a focus on customer engagement.
The company's emphasis on enhancing the merchandising mix and pursuing growth opportunities positions them well for future expansion and sales growth.
Challenges in expense recovery and outlet space demand are being addressed, while opportunities in expansion and revenue diversification are actively pursued.

Tanger Factory Outlet Centers (SKT) reports strong Q2 performance and growth outlook

Tanger's Q2 2024 earnings call showcased robust financial performance, sustainability initiatives, and a positive outlook for growth. Despite challenges like NOI growth deceleration, the company remains focused on enhancing tenant relationships and exploring new opportunities for expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Tanger, Inc. engages in the operation of upscale open-air outlet centers. The firm focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

Tanger (SKT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Tanger (SKT) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

GREENSBORO, N.C. , Jan. 17, 2024 /PRNewswire/ -- Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 15, 2024 to common shareholders of record on January 31, 2024.

Tanger Declares Dividend Payable February 15, 2024

Tanger has seen growth in rental spreads and funds from operations, leading to a dividend increase. The company is well-positioned for growth and potential acquisitions in 2024. Re-leasing spreads and new acquisitions are driving funds from operations growth for Tanger Factory.

Tanger: A Well-Covered 4% Dividend Plus Growth Potential

Boston Properties

International Paper

Kimco Realty

Kilroy Realty

Kite Realty Group

Macerich

Office Properties Income Trust

Simon Property Group

Warby Parker

Office REITs face deep-rooted problems and a slow recovery in demand for office space. The rise and fall of U.S. malls provide lessons for office REIT investors. Even high-quality office REITs may struggle to maintain occupancy and rental rates in the current market. A "slow motion trainwreck" is unravelling.

Code Red Alert: 5 Lessons Office REIT Investors Can Learn From Malls

GREENSBORO, N.C. , Jan. 4, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter and year ended December 31, 2023 will be released on Thursday, February 15, 2024 after the market close.

Tanger Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Associated Banc-Corp

Fulton Financial

With the Fed widely expected to cut policy rates this year, interest rates are broadly forecast to fall, and Financial stocks are set up to benefit considerably from this shifting dynamic. Banks in particular, which hold large securities portfolios, made up primarily of fixed income would benefit significantly as those assets should rally in response to a decline in interest rates.

Zacks Insights: This Sector is Dominating the Top-Ranks

Urban Edge Properties

The Zacks REIT and Equity Trust - Retail industry is well-posed to benefit from the solid market fundamentals driven by renewed consumers' enthusiasm for in-store shopping, popularity of open-air centers and advantages of omnichannel retailing. Players like SKT and UE are likely to prosper.

2 Retail REITs to Bet on Amid Promising Industry Prospects

W. P. Carey

Weyerhaeuser

After a wild year in the books, investors might want to consider the top REITs or real estate investment trusts to buy. Structured as companies that own or finance income-producing real estate often across a range of property categories, acquiring a quality REIT can be a sensible idea.

Real Estate Rebound: Top 3 REITs for Robust Returns in 2024

Axon Enterprise

Crocs

MercadoLibre

United Rentals

Letting winners appreciate is a principle embraced by some great investors. My largest stock positions happen to all be winners over the last few years.

Headed Into 2024, These 5 Stocks Make Up 40% of My Retirement Portfolio. Here's Why I Don't Plan to Change a Thing.

Alexandria Real Estate Equities

Brixmor Property Group

Centerspace REIT

CTO Realty Growth

Equity LifeStyle Properties

Equity Residential

Extra Space Storage

Highwoods Properties

Healthcare Realty Trust Inc

Invitation Homes

Independence Realty Trust

InvenTrust Properties Corp

Mid-America Apartment Communities

National Storage Affiliates Trust

Phillips Edison & Co Inc

Public Storage

Rexford Industrial Realty

Sabra Health Care

SITE Centers Corp

Sun Communities

Ventas

REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways were gathered from the meetings, covering various sectors such as shopping centers, healthcare, multifamily, self-storage, industrial, office, and life science.

Property Type Round-Up From REITWorld

Tanger's (SKT) acquisition of Bridge Street Town Centre marks a strategic move in the company's expansion strategy, further solidifying its position in the retail and outlet shopping industries.

Tanger (SKT) Acquires Bridge Street Town Centre in Huntsville

Continues to execute external growth strategy with acquisition of Bridge Street Town Centre, a market-dominant open-air center GREENSBORO, N.C. , Nov. 30, 2023 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading operator of outlet and open-air retail shopping destinations, announced today that it has acquired Bridge Street Town Centre, an 825,000‑square-foot open-air lifestyle center in Huntsville, Alabama, one of the fastest growing markets in the country.

Tanger Acquires Open-Air Lifestyle Center in Growth Market of Huntsville, Alabama

Centrus Energy

Paymentus Holdings

PAY, LEU and SKT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 24, 2023.

Best Momentum Stocks to Buy for November 24th

Continues to execute external growth strategy  with addition of open-air shopping center in popular tourism-focused market GREENSBORO, N.C., Nov. 13, 2023 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading operator of upscale, open-air shopping centers, announced today that it has acquired its 38th shopping center, Asheville Outlets, as part of the continued execution of the company's external growth strategy.

Tanger Announces Acquisition of Asheville Outlets in Asheville, North Carolina

Tanger Factory Outlet Centers, Inc. (NYSE:SKT ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Steven Tanger - Executive Chair Stephen Yalof - Director, President and Chief Executive Officer Michael Bilerman - Executive Vice President and Chief Financial Officer Leslie Swanson - Executive Vice President, Chief Operating Officer Doug McDonald - Senior Vice President Finance and Capital Markets Conference Call Participants Floris Dijkum - Compass Point Lizzy Doykan - Bank of America Samir Khanal - Evercore ISI Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Greg McGinnis - Scotiabank Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Emily Arft - Green Street Ashley Curtis Good morning. This is Ashley Curtis, Assistant Vice President of Investor Relations.

Tanger Factory Outlet Centers, Inc. (SKT) Q3 2023 Earnings Call Transcript

Grows Occupancy by 80 Basis Points Sequentially and 150 Basis Points Year over Year Achieves 7th Consecutive Quarter of Positive Rent Spreads Opens Tanger Outlets Nashville 96.5% Leased GREENSBORO, N.C., Nov. 6, 2023 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three and nine months ended September 30, 2023.

Tanger Reports Third Quarter Results and Raises Full-Year 2023 Guidance

Tanger Outlets (SKT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Tanger Outlets (SKT) Ahead of Earnings?

AvalonBay Communities

PennyMac Mortgage Investment

PennyMac (PMT), Tanger (SKT) and AvalonBay (AVB) are three real estate stocks to look into as mortgage rates fall on the Fed's interest rate hold.

3 Real Estate Stocks to Buy on Fed's Interest Rate Hold

Tanger Opens the First U.S. Outlet Center Since 2019 at 96.5 Percent Leased, Showcases Transformational Design and Retailer Mix GREENSBORO, N.C. , Oct. 26, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale, open-air shopping centers, announced today the Grand Opening of its 37th shopping center, Tanger Outlets Nashville, which will open to the public at 10 a.m.

Tanger Announces Grand Opening of Tanger Outlets Nashville

Brandywine Realty

Brookdale Senior Living

Easterly Government Properties

Granite Point Mortgage Trust

LTC Properties

Vanguard Real Estate ETF

Most REITs are today heavily discounted. But there are some exceptions. We highlight 5 REITs that we would avoid.

5 REITs To Avoid!

MAXIMUS

MSC Industrial Direct

Riley Exploration Permian

Tanger Factory Outlet Centers, Inc. (SKT), Riley Exploration Permian, Inc. (REPX), EQT Corporation (EQT), MSC Industrial Direct Co., Inc. (MSM) and Maximus, Inc. (MMS) recently hiked dividends.

5 Stocks to Watch on Dividend Hikes Amid Market Volatility

Agree Realty

AGNC Investment

Apple Hospitality REIT

Crown Castle International

iShares CMBS ETF

Dynex Capital

Farmland Partners

First Industrial Realty Trust

Hannon Armstrong Sustainable Infrastructure Capital

iShares MBS ETF

Medical Properties Trust

Orchid Island Capital

Alpine Income Property Trust

Prologis

iShares Mortgage Real Estate ETF

Rithm Capital Corp

Sculptor Capital Management

Seven Hills Realty Trust

SL Green Realty

Terreno Realty

U.S. equity markets remained turbulent while benchmark interest rates retreated as investors weighed shocking geopolitical developments in the Middle East against inflation data showing an energy-driven reacceleration in price pressures. Posting a second week of modest gains following a four-week skid, the S&P 500 advanced 0.5%, but gains remained "top-heavy." The Mid-Cap 400 and Small-Cap 600 each posted weekly declines.

Different World, Same Problems

Tanger has bumped up its dividend for the fifth time since early 2021. The dividend increase was driven by rising profits as occupancy improved and rents rose.

This Dividend Champ Just Boosted Its Payout

GREENSBORO, N.C. , Oct. 13, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors approved a 6.1% increase in the dividend on its common shares from $0.98 to $1.04 per share on an annualized basis.

Tanger Increases Dividend by 6.1%

The Zacks REIT and Equity Trust - Retail industry stocks BRX, PECO and SKT are in focus amid renewed shopper enthusiasm for in-store experiences, and an emphasis on omnichannel retailing, adaptability and essential retail tenants.

3 Retail REITs Set to Gain From Upbeat Industry Fundamentals

News for Tanger Factory Outlet Centers Stock (SKT)