Tanger Inc. (SKT)
| Market Cap | 4.21B |
| Revenue (ttm) | 537.35M |
| Net Income (ttm) | 97.68M |
| Shares Out | 117.45M |
| EPS (ttm) | 0.88 |
| PE Ratio | 40.69 |
| Forward PE | 38.23 |
| Dividend | $1.10 (3.07%) |
| Ex-Dividend Date | Jan 31, 2025 |
| Volume | 887,164 |
| Open | 36.28 |
| Previous Close | 35.93 |
| Day's Range | 35.47 - 36.58 |
| 52-Week Range | 25.94 - 37.57 |
| Beta | 1.86 |
| Analysts | Buy |
| Price Target | 35.11 (-1.95%) |
| Earnings Date | Feb 19, 2025 |
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 2024, Tanger's revenue was $537.35 million, an increase of 13.69% compared to the previous year's $472.65 million. Earnings were $97.68 million, a decrease of -0.30%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for SKT stock is "Buy." The 12-month stock price forecast is $35.11, which is a decrease of -1.95% from the latest price.
News
Tanger Inc. (SKT) Q4 2024 Earnings Call Transcript
Tanger Inc. (NYSE:SKT) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Ashley Curtis - Assistant VP of IR Stephen Yalof - President and CEO Michael Bilerman - EVP, CFO, and CI...
Tanger Reports Fourth Quarter and Full Year 2024 Results and Introduces 2025 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 ...
The Biggest Mistakes REIT Investors Make
Avoid get-rich-quick schemes and conduct thorough research on real estate investments, especially when influenced by social media gurus. Emphasize risk management and understand the dangers of over-le...
Tanger Acquires Market-Dominant Retail and Mixed-Use District in Cleveland, Ohio
GREENSBORO, N.C.--(BUSINESS WIRE)---- $SKT #REIT--Tanger has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in Cleveland, Ohio.
Tanger Inc. 2024 Tax Reporting Information – Distribution (Form 1099)
GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger Inc. (NYSE: SKT) announced today that its 2024 dividend distributions should be treated as follows for income tax purposes. Common Shares: 99.29% as ordinary ...
Tanger Factory: Time For Bottom Fishing
Tanger Inc. is a growth-focused REIT with a low FFO pay-out ratio, benefiting from a strong U.S. economy and consumer confidence. The trust's aggressive pricing strategy and robust demand for retail s...
Tanger Declares Dividend Payable February 14, 2025
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 Stephen Yalof: Beauty retailers are 'great driver of traffic right now'
Stephen Yalof, Tanger CEO, joins 'Closing Bell Overtime' to talk consumer spending trends, the state of luxury retail, what kind of retailers are seeing foot traffic, and more.
Tanger Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
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 financial results for the quarter and...
How To Become A Real Estate Tycoon (My Blueprint Revealed)
Embracing negativity and learning from setbacks fueled my journey to become a top analyst on Seeking Alpha, focusing on fundamental analysis. Second-level thinking, as taught by mentors like Chuck Car...
Tanger Outlets CEO on holiday retail promotions
Tanger Outlets CEO Stephen Yalof discusses promotions across retail: "We've seen as much as 70% off."
Consumers are 'showing up and spending' following a strong November, says Tanger Outlets CEO
Stephen Yalof, Tanger Outlets CEO, joins 'Squawk on the Street' to discuss how the current holiday shopping season is shaking out, if the consumer spending is siphoned to certain markets, and if spend...
Tanger Acquires The Promenade at Chenal, an Open-Air Lifestyle Center in Little Rock, Arkansas
GREENSBORO, N.C.--(BUSINESS WIRE)---- $SKT #tangerproud--Tanger has acquired The Promenade at Chenal, a 270,000 sq. ft. open-air lifestyle shopping center in Little Rock, AK.
Tanger: Well-Positioned With High Occupancy And Strong Tenant Demand (Rating Downgrade)
Tanger Inc. has shown resilience with a 97.4% occupancy rate, strong NOI growth, and 11 consecutive quarters of positive rent spreads. SKT's strategic tenant rebalancing and operational efficiencies h...
Holiday shopping season sales will continue into next quarter, says Tanger CEO
Stephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.
Tanger Earns Sustainability Certifications for Taking Steps to Address Climate Change and Well-Being Across its Portfolio
GREENSBORO, N.C.--(BUSINESS WIRE)---- $SKT--Tanger continues to be recognized by programs like LEED, StormReady, and WELL for steps to address climate change and well-being at its centers.
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 (...