Tanger Factory Outlet Centers, Inc. (SKT)

NYSE: SKT · IEX Real-Time Price · USD
26.50
-0.06 (-0.23%)
Apr 17, 2024, 3:33 PM EDT - Market open
-0.23%
Market Cap 2.89B
Revenue (ttm) 464.41M
Net Income (ttm) 99.15M
Shares Out 108.92M
EPS (ttm) 0.92
PE Ratio 28.63
Forward PE 33.86
Dividend $1.10 (4.15%)
Ex-Dividend Date Apr 29, 2024
Volume 213,475
Open 26.67
Previous Close 26.56
Day's Range 26.25 - 26.75
52-Week Range 18.00 - 29.98
Beta 1.81
Analysts Hold
Price Target 27.25 (+2.83%)
Earnings Date Apr 30, 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]

Industry REIT - Retail
Sector Real Estate
IPO Date May 27, 1993
Employees 407
Stock Exchange NYSE
Ticker Symbol SKT
Full Company Profile

Financial Performance

In 2023, SKT's revenue was $464.41 million, an increase of 4.92% compared to the previous year's $442.61 million. Earnings were $99.15 million, an increase of 20.82%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for SKT stock is "Hold." The 12-month stock price forecast is $27.25, which is an increase of 2.83% from the latest price.

Price Target
$27.25
(2.83% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Tanger Announces the Amendment, Increase and Extension of its Unsecured Lines of Credit

Capacity Increased by $100 Million to $620 Million Maturity Extended to April 2029 including Extension Options  Pricing Grid Improved GREENSBORO, N.C, April 15, 2024 /PRNewswire/ -- Tanger Inc. (NYSE:...

2 days ago - PRNewsWire

Tanger Increases Dividend by 5.8%

GREENSBORO, N.C., April 10, 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 app...

7 days ago - PRNewsWire

Tanger Schedules First Quarter 2024 Earnings Release and Conference Call

GREENSBORO, N.C., March 11, 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...

5 weeks ago - PRNewsWire

Tanger CEO Says It's Still a Good Time to Buy Property

Stephen Yalof, Tanger Factory Outlet CEO, says their "balance sheet is solid" and the company is in acquisition mode. He's on "Bloomberg Surveillance.

7 weeks ago - Bloomberg Markets and Finance

Tanger to Present at Citi's 2024 Global Property CEO Conference

GREENSBORO, N.C. , Feb. 27, 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 Citi...

7 weeks ago - PRNewsWire

Tanger CEO Stephen Yalof sits down with Jim Cramer

Tanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk expanding to new markets and more.

7 weeks ago - CNBC Television

Tanger CEO: We've had a lot of success in the South and in beach communities

Tanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk expanding to new markets and more.

7 weeks ago - CNBC Television

Tanger CEO explains why tenant vacancies are an important part of the business

Tanger CEO Stephen Yalof told CNBC's Jim Cramer why tenant vacancies help keep business fresh for the the outlet chain.

7 weeks ago - CNBC

Tanger Reports Fourth Quarter and Full Year 2023 Results and Introduces 2024 Guidance

Expanded Portfolio by Adding Three New Centers Achieved 8th Consecutive Quarter of Positive Rent Spreads Balance Sheet Remains Well-Positioned for Growth GREENSBORO, N.C. , Feb. 15, 2024 /PRNewswire/ ...

2 months ago - PRNewsWire

Tanger Inc. 2023 Tax Reporting Information - Distribution (Form 1099)

GREENSBORO, N.C. , Jan. 23, 2024 /PRNewswire/ -- Tanger Inc. (NYSE: SKT) announced today that its 2023 dividend distributions should be treated as follows for income tax purposes.

3 months ago - PRNewsWire

Tanger Declares Dividend Payable February 15, 2024

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 dec...

3 months ago - PRNewsWire

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

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 th...

3 months ago - PRNewsWire

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

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...

4 months ago - PRNewsWire

Tanger Announces Acquisition of Asheville Outlets in Asheville, North Carolina

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 lead...

5 months ago - PRNewsWire

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

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....

5 months ago - PRNewsWire

Tanger Announces Grand Opening of Tanger Outlets Nashville

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: ...

6 months ago - PRNewsWire

Tanger Increases Dividend by 6.1%

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% increas...

6 months ago - PRNewsWire

Tanger Appoints Jessica K. Norman as EVP and General Counsel

GREENSBORO, N.C. , Sept. 11, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale, open-air shopping centers, announced today the appointment of Jessica K.

7 months ago - PRNewsWire

Tanger Schedules Third Quarter 2023 Earnings Release and Conference Call

GREENSBORO, N.C., Aug. 22, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its financial results for the quarter ending Se...

8 months ago - PRNewsWire

Tanger CEO: Outlet stores provide an 'entry level price point' that's affordable

Tanger Factory Outlet Centers has grown its occupancy to 97.2 percent as of June, with even more shoppers expected to hit the outlets this month for back-to-school shopping. Tanger Outlets (SKT) CEO S...

8 months ago - Yahoo Finance

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

Grows Occupancy by 70 Basis Points Sequentially and 230 Basis Points Year over Year Achieves 6th Consecutive Quarter of Positive Rent Spreads Grand Opening Tanger Nashville on October 27, 2023 at 95% ...

9 months ago - PRNewsWire

Why Warren Buffett Steers Clear of Real Estate

“Real estate is not a commodity. I think it tends to be more accurately priced most of the time.

Other symbols: BXSRG
9 months ago - GuruFocus

Tanger Introduces Refreshed TangerClub Guest Loyalty Program

Tanger's new digital-first loyalty program and mobile app empower brand connections and optimize guest experience, with an expanded suite of exclusive benefits and personalized offers for guests at Ta...

9 months ago - PRNewsWire

Tanger Declares Dividend Payable August 15, 2023

GREENSBORO, N.C. , July 14, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declared a cash dividen...

9 months ago - PRNewsWire

Tanger Releases 2022 Environmental, Social, and Governance Report

Results Underscore Fundamental Commitment to Achieving Significant Goals and Creating a Positive Impact GREENSBORO, N.C. , July 10, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator...

10 months ago - PRNewsWire