Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

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Tanger Factory Outlet Centers reports solid Q4 performance and growth outlook

Tanger Factory Outlet Centers (SKT) delivered strong financial results in Q4 2022, with a focus on sustainable growth and enhancing the shopping experience. The company's commitment to carbon neutrality, solid financial position, and strategic initiatives position it well for future success. Challenges in managing expenses and addressing analyst queries are being actively navigated.

Tanger Factory Outlet Centers surpass Q1 expectations, eyes luxury expansion

Tanger Factory Outlet Centers delivered a strong performance in Q1, exceeding expectations across key financial metrics.
The company's strategic focus on digital initiatives, strong balance sheet, and dividend increase demonstrate resilience and growth potential.
While challenges like tenant mix optimization and perception management exist, Tanger is well-positioned to capitalize on opportunities for expansion and brand enhancement.

Tanger Factory Outlet Centers reports strong Q2 results and growth outlook

Tanger Factory Outlet Centers delivered strong financial performance and outlined growth initiatives in Q2 2023.
While facing challenges in guidance factors and market dynamics, Tanger's strategic focus on sustainability and growth opportunities is evident.
The company's proactive debt management, portfolio strength, and commitment to customer engagement position it well for future success.

Tanger Factory Outlet Centers (SKT) reports strong Q3 performance and growth opportunities

Tanger Factory Outlet Centers (SKT) delivered a robust performance in Q3, exceeding expectations with strong leasing and operational execution.
While facing short-term challenges in Q4, the company remains well-positioned with a solid balance sheet, increased guidance, and strategic growth initiatives.
Opportunities for sustained growth include optimizing tenant mix, leveraging leasing strength, and converting temporary tenancy to permanent occupancy.
Overall, Tanger's performance highlights resilience, strategic adaptability, and a focus on long-term stability and revenue growth.

Tanger Factory Outlet Centers (SKT) posts strong Q4 performance and eyes growth through strategic initiatives

Tanger Factory Outlet Centers (SKT) reported a strong Q4 2023 performance with notable financial growth and operational success.
The company's focus on strategic acquisitions, asset management, and digital initiatives positions it well for future growth and value creation.
Challenges include managing uncollectible rents, transitioning temporary tenants to permanent occupancy, and attracting luxury retailers in a competitive market.
Opportunities lie in driving growth through leasing strategies, acquisitions, remerchandising, and diversification to enhance revenue streams and tenant mix.

Tanger Factory Outlet Centers (SKT) reports robust Q1 performance and growth strategies

Tanger Factory Outlet Centers (SKT) delivered strong financial results and occupancy levels in Q1 2024, driven by strategic initiatives and a focus on customer engagement.
The company's emphasis on enhancing the merchandising mix and pursuing growth opportunities positions them well for future expansion and sales growth.
Challenges in expense recovery and outlet space demand are being addressed, while opportunities in expansion and revenue diversification are actively pursued.

Tanger Factory Outlet Centers (SKT) reports strong Q2 performance and growth outlook

Tanger's Q2 2024 earnings call showcased robust financial performance, sustainability initiatives, and a positive outlook for growth. Despite challenges like NOI growth deceleration, the company remains focused on enhancing tenant relationships and exploring new opportunities for expansion.

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Tanger, Inc. engages in the operation of upscale open-air outlet centers. The firm focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

Prestige beauty brand will open five stores in Tanger shopping centers later this year, growing and elevating Tanger's beauty and wellness offerings GREENSBORO, N.C. , June 3, 2024 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, will bring five additional Sephora stores to its shopping centers this year, significantly advancing Tanger's offerings in the beauty and wellness category.

Tanger Expands Partnership with Sephora

Report highlights Tanger's progress toward established goals and continued commitment to a healthier and more sustainable future GREENSBORO, N.C. , May 30, 2024 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has released its 2023 Environmental, Social, and Governance (ESG) Report for the annual period ending December 31, 2023.

Tanger Releases 2023 Environmental, Social, and Governance Report

GREENSBORO, N.C. , May 28, 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 Nareit's REITweek 2024 Investor Conference from June 4 through June 6, 2024.

Tanger to Present at Nareit's REITweek 2024 Investor Conference

Macerich

Simon Property Group

The ICSC conference in Las Vegas provided valuable information and enthusiasm about the retail industry. I've been saying for a decade and a half now that America built too many malls. Today, I will focus on the mall REIT sector, specifically Simon Property Group, Tanger Inc., and Macerich.

Mall Mania

GREENSBORO, N.C. , May 23, 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 the quarter ended June 30, 2024 will be released on Thursday, August 1, 2024 after the market close.

Tanger Schedules Second Quarter 2024 Earnings Release and Conference Call

Tanger Factory Outlet Centers, Inc. (NYSE:SKT ) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Stephen Yalof - Director, President & CEO Michael Bilerman - EVP, CFO & Chief Investment Officer Justin Stein - EVP, Leasing Leslie Swanson - EVP & Chief Operating Officer Doug McDonald - SVP, Finance & Capital Markets Conference Call Participants Jeffrey Spector - Bank of America Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Caitlin Burrows - Goldman Sachs Floris van Dijkum - Compass Point Greg McGinniss - Scotiabank Samir Khanal - Evercore ISI Vince Tibone - Green Street Michael Mueller - JPMorgan Ashley Curtis Good morning. I'm Ashley Curtis, Assistant Vice President of Investor Relations, and I would like to welcome you to Tanger Inc.'s First Quarter 2024 Conference Call.

Tanger Factory Outlet Centers, Inc. (SKT) Q1 2024 Earnings Call Transcript

Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.46 per share a year ago.

Tanger (SKT) Beats Q1 FFO and Revenue Estimates

Grows Same Center Occupancy by 60 Basis Points Year Over Year Achieves 9th Consecutive Quarter of Positive Rent Spreads Increases, Extends and Improves Pricing of Unsecured Lines of Credit GREENSBORO, N.C. , April 30, 2024 /PRNewswire/ -- 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 three months ended March 31, 2024.

Tanger Reports First Quarter Results and Raises Full-Year 2024 Guidance

Tanger stock price has soared since June 2020. Financially strong companies like Tanger often recover and experience future growth despite initial challenges. Tanger's business model as an outlet mall owner provides flexibility and potential for higher profits compared to traditional malls.

Tanger Factory Outlets: Still Growing While Beating 2020 Expectations

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Investors may keep a tab on stocks like CSWI, TRGP, STZ, FUL and SKT, which have lately hiked their dividend payments.

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American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options due to their strong portfolios and potential for growth.

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Tanger (SKT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Tanger (SKT) Loses -5.51% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today announced that its operating partnership, Tanger Properties Limited Partnership, has amended and extended its unsecured lines of credit.   "We appreciate the continued strong support from our lender group," commented Stephen Yalof, President and Chief Executive Officer.

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

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 approved a 5.8% increase in the dividend on its common shares from $1.04 to $1.10 per share on an annualized basis.

Tanger Increases Dividend by 5.8%

Don't be afraid of brick-and-mortar retail. These two stocks have tons of upside potential.

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The Zacks REIT and Equity Trust - Retail industry stocks EPRT and SKT are in focus amid limited supply and an emphasis on omnichannel retailing, adaptability and essential retail tenants.

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Tanger has seen strong performance in stock price, outperforming the S&P 500 since my last piece. SKT has demonstrated strong momentum in same-store NOI growth and maintains high occupancy. While not a bad value, there are better alternatives on the market, such as Simon Property Group, which trades at a cheaper valuation.

Tanger: Sustained Growth With Desirable Locations

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 the quarter ended March 31, 2024 will be released on Tuesday, April 30, 2024 after the market close.

Tanger Schedules First Quarter 2024 Earnings Release and Conference Call

I was once a retail developer. But I never built a mall. However, I do have a wife and four daughters who love to shop, so maybe that makes me a mall expert.

Mall Mania: Shop Till Ya' Drop

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's 2024 Global Property CEO Conference from March 4 through March 6, 2024.

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

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There's a new property sector known as "experiential." As part of my job, it's important to "experience the experiential," which simply means I will play a few hands of blackjack and study diversification. Heck, even Ben Graham knew a thing or two about the game of roulette.

Who Wants To Roll The Dice On These 'Experiential' REITs?

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

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

Tanger Factory Outlet Centers, Inc. (SKT) Q4 2023 Earnings Call Transcript

Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.47 per share a year ago.

Tanger (SKT) Q4 FFO and Revenues Surpass Estimates

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® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three months and year ended December 31, 2023.

News for Tanger Factory Outlet Centers Stock (SKT)