Tanger Factory Outlet Centers, Inc. (SKT)
| Market Cap | 2.93B |
| Revenue (ttm) | 464.41M |
| Net Income (ttm) | 99.15M |
| Shares Out | 108.92M |
| EPS (ttm) | 0.92 |
| PE Ratio | 29.28 |
| Forward PE | 34.64 |
| Dividend | $1.10 (4.09%) |
| Ex-Dividend Date | Apr 29, 2024 |
| Volume | 185,621 |
| Open | 26.83 |
| Previous Close | 26.82 |
| Day's Range | 26.75 - 27.15 |
| 52-Week Range | 18.00 - 29.98 |
| Beta | 1.81 |
| Analysts | Hold |
| Price Target | 27.25 (+1.19%) |
| 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]
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 StatementsAnalyst 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 1.19% from the latest price.
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:...
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...
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...
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.
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...
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.
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.
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.
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/ ...
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.
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...
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...
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...
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...
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....
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: ...
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...
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.
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...
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...
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% ...
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.
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...
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...
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...