Tanger Inc. (SKT)
| Market Cap | 4.20B |
| Revenue (ttm) | 522.82M |
| Net Income (ttm) | 94.87M |
| Shares Out | 115.40M |
| EPS (ttm) | 0.87 |
| PE Ratio | 41.87 |
| Forward PE | 42.46 |
| Dividend | $1.10 (3.02%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 540,991 |
| Open | 36.50 |
| Previous Close | 36.51 |
| Day's Range | 36.18 - 36.50 |
| 52-Week Range | 24.72 - 36.53 |
| Beta | 1.84 |
| Analysts | Buy |
| Price Target | 34.00 (-6.67%) |
| Earnings Date | Nov 6, 2024 |
About SKT
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores op... [Read more]
Financial Performance
In 2023, Tanger's revenue was $472.65 million, an increase of 4.75% compared to the previous year's $451.21 million. Earnings were $97.97 million, an increase of 20.66%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for SKT stock is "Buy." The 12-month stock price forecast is $34.0, which is a decrease of -6.67% from the latest price.
News
Tanger Inc. (SKT) Q3 2024 Earnings Call Transcript
Tanger Inc. (NYSE:SKT) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant VP of IR Stephen Yalof - President and CEO Michael Bilerman - CFO an...
Tanger Reports Third Quarter Results and Raises Full-Year 2024 Guidance
GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the ...
Tanger Declares Dividend Payable November 15, 2024
GREENSBORO, N.C.--(BUSINESS WIRE)--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 quarter...
Tanger CEO: The shopper is coming back as Labor Day was 'extremely strong'
Stephen Yalof, Tanger CEO, joins 'Money Movers' to discuss Yalof's vantage point on the consumer, how investors should think about consumer strength, and if spending is category specific.
Tanger Announces the Election of Retail Industry Leader Sonia Syngal to its Board of Directors
GREENSBORO, N.C. , Sept. 23, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading operator of outlet and open-air retail shopping destinations, announced today that the company's board of directors has...
Tanger: Fast Dividend Growth And Attractive Valuation
Tanger stands out due to its diversified portfolio, strong leasing spread growth, and attractive valuation. The REIT's efficient management and short-term leases offer significant growth potential for...
Tanger Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple
Tanger Inc. is a growing REIT with strong FFO growth, paying out only 50% of its funds from operations, indicating dividend safety and potential hikes. Tanger's portfolio boasts high occupancy rates (...
Tangler Outlets is thriving due to value-oriented consumers & lack of new retailers, says CEO Yalof
Stephen Yalof, Tangler Outlet CEO, joins CNBC's 'The Exchange' to discuss outlooks on the consumer, why Tangler has seen success during consumer pullbacks, and more.
Tanger: Building Wealth With Consistent Returns And Growth
Tanger boasts a strong portfolio of strategically located open-air outlet centers, demonstrating resilience with high occupancy rates and robust same-store NOI growth. SKT's simple, low-maintenance bu...
Tanger Schedules Third Quarter 2024 Earnings Release and Conference Call
GREENSBORO, N.C. , Aug. 21, 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 t...
Tanger Inc. (SKT) Q2 2024 Earnings Call Transcript
Tanger Inc. (NYSE:SKT) Q2 2024 Earnings Call Transcript August 2, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant VP of IR Stephen Yalof - President and CEO Michael Bilerman - CFO and ...
Tanger Reports Second Quarter Results and Raises Full-Year 2024 Guidance
Achieves 10th Consecutive Quarter of Positive Rent Spreads Successfully Executing on Tenant Diversification and Re-merchandising Strategy Balance Sheet Remains Well Positioned GREENSBORO, N.C. , Aug. ...
Why outlets are lagging behind other mall categories in the U.S.
The pandemic and the rise of e-commerce giants like Amazon and Shein have severely affected the industry.
Tanger Declares Dividend Payable August 15, 2024
GREENSBORO, N.C. , July 16, 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 dec...
Tanger: 4% Yield, Re-Tenanting Upside, Low FFO Multiple
Tanger Inc. offers strong value for passive income investors with robust same center net operating income growth and high shopping center occupancy. The trust has low FFO multiple, positive rental spr...
Tanger CEO: Outlet consumer is an 'aspirational' costumer
Tanger CEO Stephen Yalof joins 'Money Movers' to discuss the state of the consumer from Yalof's vantage point, if the outlet consumer is a different group than the overall consumer, and the efforts to...
Tanger Inc. Receives 2024 Nareit Investor CARE Gold Award for Excellence in Communications and Reporting
GREENSBORO, N.C. , June 6, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has been recognized by Nareit, the National Ass...
Tanger Expands Partnership with Sephora
Prestige beauty brand will open five stores in Tanger shopping centers later this year, growing and elevating Tanger's beauty and wellness offerings GREENSBORO, N.C. , June 3, 2024 /PRNewswire/ -- Ta...
Tanger Releases 2023 Environmental, Social, and Governance Report
Report highlights Tanger's progress toward established goals and continued commitment to a healthier and more sustainable future GREENSBORO, N.C. , May 30, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), ...
Tanger to Present at Nareit's REITweek 2024 Investor Conference
GREENSBORO, N.C. , May 28, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that it will participate in Narei...
Mall Mania
The ICSC conference in Las Vegas provided valuable information and enthusiasm about the retail industry. I've been saying for a decade and a half now that America built too many malls. Today, I will f...
Tanger Schedules Second Quarter 2024 Earnings Release and Conference Call
GREENSBORO, N.C. , May 23, 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 th...
Tanger CEO Stephen Yalof sits down with Jim Cramer
Tanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk the health of the consumer, quarterly results, and more.
Tanger Factory Outlet Centers, Inc. (SKT) Q1 2024 Earnings Call Transcript
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Stephen Yalof - Director, President & CEO ...
Tanger Reports First Quarter Results and Raises Full-Year 2024 Guidance
Grows Same Center Occupancy by 60 Basis Points Year Over Year Achieves 9th Consecutive Quarter of Positive Rent Spreads Increases, Extends and Improves Pricing of Unsecured Lines of Credit GREENSBORO,...