Tanger Factory Outlet Centers logo

Tanger Factory Outlet CentersNYSE: SKT

Profile

Industry:

Retail

Country:

United States

IPO:

28 May 1993

Next earnings report:

14 February 2025

Last dividends:

31 October 2024

Next dividends:

N/A
$4.05 B
0%vs. 3y high
73%vs. sector
-85%vs. 3y high
74%vs. sector
0%vs. 3y high
95%vs. sector
0%vs. 3y high
74%vs. sector

Price

after hours | 60 min ago
$36.61-$0.06(-0.16%)
$133.00 M$129.14 M
$133.00 M$24.86 M

Analysts recommendations

Institutional Ownership

SKT Latest News

Holiday shopping season sales will continue into next quarter, says Tanger CEO
youtube.com22 November 2024 Sentiment: -

Stephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.

Tanger (SKT) Q3 FFO and Revenues Surpass Estimates
zacks.com06 November 2024 Sentiment: POSITIVE

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.

What Makes Tanger (SKT) a Strong Momentum Stock: Buy Now?
zacks.com16 October 2024 Sentiment: POSITIVE

Does Tanger (SKT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Tanger Announces the Election of Retail Industry Leader Sonia Syngal to its Board of Directors
prnewswire.com23 September 2024 Sentiment: POSITIVE

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: Fast Dividend Growth And Attractive Valuation
seekingalpha.com14 September 2024 Sentiment: POSITIVE

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 Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple
seekingalpha.com12 September 2024 Sentiment: POSITIVE

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.

Tangler Outlets is thriving due to value-oriented consumers & lack of new retailers, says CEO Yalof
youtube.com29 August 2024 Sentiment: POSITIVE

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
seekingalpha.com29 August 2024 Sentiment: POSITIVE

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. (SKT) Q2 2024 Earnings Call Transcript
seekingalpha.com02 August 2024 Sentiment: POSITIVE

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: 4% Yield, Re-Tenanting Upside, Low FFO Multiple
seekingalpha.com15 June 2024 Sentiment: POSITIVE

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.

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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