Core Viewpoint - Tanger (SKT) reported quarterly funds from operations (FFO) of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, and showing an increase from $0.50 per share a year ago [1][2] Financial Performance - The company achieved revenues of $125.22 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.42%, compared to $110.84 million in the same quarter last year [2] - Over the last four quarters, Tanger has consistently exceeded consensus FFO estimates [2] Stock Performance - Tanger shares have increased approximately 20.8% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.52, with expected revenues of $128.42 million, and for the current fiscal year, the estimate is $2.10 on revenues of $493.24 million [7] - The estimate revisions trend for Tanger is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Retail industry is currently ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]

Company Overview - Tanger (SKT) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, SKT shares increased by 0.66%, outperforming the Zacks REIT and Equity Trust - Retail industry, which rose by 0.09% [5] - In the last month, SKT's price change was 8.44%, significantly higher than the industry's 0.89% [5] - Over the past quarter, SKT shares have risen by 17.21%, and over the last year, they have increased by 42.81%, compared to the S&P 500's gains of 3.56% and 36.11%, respectively [6] Trading Volume - SKT's average 20-day trading volume is 713,554 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for SKT has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $2.09 to $2.10 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, trading volume, and earnings estimate revisions, SKT is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [9]

Core Insights - Tanger has elected Sonia Syngal as a director, expanding its board from nine to ten members, effective September 23, 2024 [1] Company Overview - Tanger Inc. is a leading operator of outlet and open-air retail shopping destinations with over 43 years of expertise in the retail and outlet shopping industries [5] - The company operates a portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center, totaling over 15 million square feet across 20 U.S. states and Canada [5] - Tanger has been a publicly traded REIT since 1993, with over 3,000 stores operated by more than 700 different brand name companies [5] Leadership Background - Sonia Syngal, the new board member, is the former CEO of Gap Inc. with nearly 30 years of industry experience in global supply chain operations, brand management, and product-to-market innovation [2][3] - During her tenure as CEO of Gap Inc. from 2020 to 2022, Syngal financially stabilized the company and doubled e-commerce revenue across its portfolio of brands [3] - Syngal has also held leadership roles at Old Navy and has experience with Sun Microsystems and Ford Motor Company [3] Board Statements - Stephen Yalof, President and CEO of Tanger, expressed confidence that Syngal's expertise will strengthen the board's capabilities and support the company's growth strategies [4] - Bridget Ryan-Berman, lead independent director, welcomed Syngal's extensive experience in the global fashion industry, which will aid in refreshing and growing the board's expertise [4] - Syngal expressed excitement about contributing to Tanger's vision for growth and enhancing the shopping experience for customers [4]

1 11 8 1999 I 1988 IFTER I Walter Bibikow Tanger Inc. (NYSE:SKT) is a growing shopping center-focused real estate investment trust that produces a very substantial amount of excess dividend coverage and strong core funds from operation from its large-scale property portfolio in North America. Tanger only pays out 50% of its funds from operations and revised its guidance for 2024 core funds from operations upward in the last quarter. In addition, Tanger has strong lease metrics and continues to grow its FFO. ...

Daniel Grizelj As a value investor, I'm tuned to look for deals, especially when it comes to income stocks. However, waiting only on bargains can have drawbacks, as it can sometimes result in missing out on great opportunities. This brings me to Tanger Inc. (NYSE:SKT) for which I have been bullish about the prospects but cautious around valuation. In hindsight, those misgivings may have been overly conservative, considering the advantages that SKT carry over traditional retailers, including the simplicity o ...

GREENSBORO, N.C., Aug. 21, 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 September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 1-11986 (Tanger Inc.) Commission file number: 333-3526-01 (Tanger Properties Limited Partnership) TANGER INC. TANGER PROPER ...

Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.92%. A quarter ago, it was expected that this factory outlet mall operator would post FFO of $0.51 per share when it actually produced FFO of $0.52, delivering a surprise of 1.96%. Over the last four quarters, th ...

GREENSBORO, N.C., July 16, 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 declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024. 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 industri ...

Tanger Inc. (NYSE:SKT) is a well-managed retail-focused real estate investment trust that makes a strong value proposition for long-term passive income investors based on robust same center net operating income growth, high occupancy in its shopping center portfolio and upside related to lease expirations. The trust has a low FFO multiple and pays out just about half of its funds from operations. With rental spreads also being widely positive, I think that Tanger has an opportunity for a re-rating and a com ...