Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
28 May 1993Website:
http://www.tangeroutlets.comNext earnings report:
14 February 2025Last dividends:
31 October 2024Next dividends:
N/APrice
after hours | 60 min agoAnalysts recommendations
Institutional Ownership
SKT Latest News
Stephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.
Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.54 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.50 per share a year ago.
Does Tanger (SKT) have what it takes to be a top stock pick for momentum investors? Let's find out.
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 elected Sonia Syngal as a director of the company, effective September 23, 2024.
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 the dividend and price. Despite above-average leverage, Tanger maintains strong liquidity. With a high dividend coverage and still attractively priced shares, both dividend and value investors should consider the merits of this REIT.
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 (97.1%) and robust leasing metrics, attracting major tenants like Nike and Under Armour. Despite pandemic setbacks, Tanger has restored occupancy and reinstated dividends, with expectations for continued dividend increases due to low payout ratios.
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 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 business model and proactive tenant management contribute to its profitability and stability. The stock offers a well-covered 3.6% dividend yield, with a payout ratio of 51%, and potential for future growth and dividend increases.
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 CIO Conference Call Participants Andrew Reale - Bank of America Floris van Dijkum - Compass Point Todd Thomas - KeyBanc Capital Markets Craig Mailman - Citigroup Greg McGinniss - Scotiabank Samir Khanal - Evercore ISI Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Operator Good morning. I'm Ashley Curtis, Assistant Vice President of Investor Relations, and I would like to welcome you to Tanger Inc's Second Quarter 2024 Conference Call.
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 spreads, and upcoming lease expirations that could lead to growth in net operating income and funds from operations. Tanger's dividend has increased by 6% in April, with potential for further growth due to re-leasing efforts and strong rental spreads.
What type of business is Tanger Factory Outlet Centers?
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 operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.
What sector is Tanger Factory Outlet Centers in?
Tanger Factory Outlet Centers is in the Real Estate sector
What industry is Tanger Factory Outlet Centers in?
Tanger Factory Outlet Centers is in the Retail industry
What country is Tanger Factory Outlet Centers from?
Tanger Factory Outlet Centers is headquartered in United States
When did Tanger Factory Outlet Centers go public?
Tanger Factory Outlet Centers initial public offering (IPO) was on 28 May 1993
What is Tanger Factory Outlet Centers website?
https://www.tangeroutlets.com
Is Tanger Factory Outlet Centers in the S&P 500?
No, Tanger Factory Outlet Centers is not included in the S&P 500 index
Is Tanger Factory Outlet Centers in the NASDAQ 100?
No, Tanger Factory Outlet Centers is not included in the NASDAQ 100 index
Is Tanger Factory Outlet Centers in the Dow Jones?
No, Tanger Factory Outlet Centers is not included in the Dow Jones index
When was Tanger Factory Outlet Centers the previous earnings report?
No data
When does Tanger Factory Outlet Centers earnings report?
The next expected earnings date for Tanger Factory Outlet Centers is 14 February 2025