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Tanger Schedules Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-05-23 20:37
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. The Company will host its conference call for analysts, investors and other interested parties on Friday, August 2, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-170 ...
Tanger Outlets(SKT) - 2024 Q1 - Quarterly Report
2024-05-01 20:55
United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Tanger Inc.: ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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 Outlets(SKT) - 2024 Q1 - Earnings Call Transcript
2024-05-01 16:02
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 Burrow ...
Tanger Outlets(SKT) - 2023 Q4 - Annual Report
2024-02-21 21:08
United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 PROPERTIES L ...
Tanger Outlets(SKT) - 2023 Q4 - Earnings Call Transcript
2024-02-16 17:34
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q4 2023 Earnings Conference Call February 16, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant Vice President of Investor Relations Stephen Yalof - Director, President and Chief Executive Officer Michael Bilerman - Executive Vice President, Chief Financial Officer and Chief Investment Officer Doug McDonald - Senior Vice President, Finance and Capital Markets Justin Stein - Executive Vice President, Leasing Conference Call Participants Lizzy Doykan ...
Tanger Outlets(SKT) - 2023 Q3 - Quarterly Report
2023-11-07 21:22
[EXPLANATORY NOTE](index=3&type=section&id=EXPLANATORY%20NOTE) This note explains the combined unaudited quarterly reports of Tanger Factory Outlet Centers, Inc. and its Operating Partnership [Overview of Registrants](index=3&type=section&id=Overview%20of%20Registrants) This report combines the unaudited quarterly reports of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership, a REIT and its operating entity, noting key financial differences - The report combines unaudited quarterly reports for Tanger Factory Outlet Centers, Inc. (Company) and Tanger Properties Limited Partnership (Operating Partnership)[9](index=9&type=chunk) - The Company is a REIT that primarily owns partnership interests in the Operating Partnership, which conducts all business operations[10](index=10&type=chunk)[13](index=13&type=chunk) - Key differences between the Company and Operating Partnership financial statements are in noncontrolling interests, shareholders' equity, and partners' capital[15](index=15&type=chunk) [Index](index=5&type=section&id=Index) This section provides an index to the various parts and items included in the financial report [PART I. - FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20-%20FINANCIAL%20INFORMATION) This part presents the unaudited financial statements and related disclosures for both Tanger Factory Outlet Centers, Inc. and its Operating Partnership [Item 1 - Financial Statements of Tanger Factory Outlet Centers, Inc.](index=6&type=section&id=Item%201%20-%20Financial%20Statements%20of%20Tanger%20Factory%20Outlet%20Centers,%20Inc.) This section presents the unaudited consolidated financial statements for Tanger Factory Outlet Centers, Inc. and its subsidiaries for the periods ended September 30, 2023, and December 31, 2022 (balance sheet) or September 30, 2023 and 2022 (income, comprehensive income, equity, and cash flows) [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets%20-%20as%20of%20September%2030,%202023%20and%20December%2031,%202022) This table presents the consolidated balance sheets for Tanger Factory Outlet Centers, Inc. as of September 30, 2023, and December 31, 2022 | Metric | Sep 30, 2023 (in thousands) | Dec 31, 2022 (in thousands) | | :-------------------------------- | :-------------------------- | :-------------------------- | | Total rental property, net | $1,684,175 | $1,630,909 | | Cash and cash equivalents | $188,459 | $212,124 | | Total assets | $2,205,303 | $2,217,665 | | Total debt | $1,426,832 | $1,428,494 | | Total liabilities | $1,692,873 | $1,703,731 | | Equity attributable to Tanger Factory Outlet Centers, Inc. | $490,671 | $491,643 | | Total equity | $512,430 | $513,934 | [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations%20-%20for%20the%20three%20and%20nine%20months%20ended%20September%2030,%202023%20and%202022) This table presents the consolidated statements of operations for Tanger Factory Outlet Centers, Inc. for the three and nine months ended September 30, 2023 and 2022 | Metric | 3 Months Ended Sep 30, 2023 (in thousands) | 3 Months Ended Sep 30, 2022 (in thousands) | 9 Months Ended Sep 30, 2023 (in thousands) | 9 Months Ended Sep 30, 2022 (in thousands) | | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | | Total revenues | $117,346 | $111,446 | $336,930 | $326,152 | | Total expenses | $81,069 | $78,891 | $234,949 | $235,605 | | Net income | $28,877 | $24,345 | $79,037 | $66,626 | | Net income attributable to Tanger Factory Outlet Centers, Inc. | $27,624 | $23,276 | $75,367 | $63,699 | | Basic earnings per common share | $0.26 | $0.22 | $0.71 | $0.61 | | Diluted earnings per common share | $0.26 | $0.22 | $0.70 | $0.60 | [Consolidated Statements of Comprehensive Income](index=8&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20-%20for%20the%20three%20and%20nine%20months%20ended%20September%2030,%202023%20and%202022) This table presents the consolidated statements of comprehensive income for Tanger Factory Outlet Centers, Inc. for the three and nine months ended September 30, 2023 and 2022 | Metric | 3 Months Ended Sep 30, 2023 (in thousands) | 3 Months Ended Sep 30, 2022 (in thousands) | 9 Months Ended Sep 30, 2023 (in thousands) | 9 Months Ended Sep 30, 2022 (in thousands) | | :------------------------------------------------ | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | | Net income | $28,877 | $24,345 | $79,037 | $66,626 | | Other comprehensive income (loss) | $(3,610) | $(1,917) | $(6,020) | $6,807 | | Comprehensive income | $25,267 | $22,428 | $73,017 | $73,433 | | Comprehensive income attributable to Tanger Factory Outlet Centers, Inc. | $24,171 | $21,443 | $69,857 | $70,207 | [Consolidated Statements of Shareholders' Equity](index=9&type=section&id=Consolidated%20Statements%20of%20Shareholders'%20Equity%20-%20for%20the%20three%20and%20nine%20months%20ended%20September%2030,%202023%20and%202022) This section outlines the changes in shareholders' equity for Tanger Factory Outlet Centers, Inc. for the three and nine months ended September 30, 2023 and 2022 - Equity attributable to Tanger Factory Outlet Centers, Inc. decreased slightly from **$491,643 thousand** at December 31, 2022, to **$490,671 thousand** at September 30, 2023[23](index=23&type=chunk)[32](index=32&type=chunk) - Common shares outstanding increased from **104,497,920** at December 31, 2022, to **105,331,191** at September 30, 2023[23](index=23&type=chunk) - Key changes in equity for the nine months ended September 30, 2023, include net income of **$75,367 thousand**, other comprehensive loss of **$5,758 thousand**, and common dividends paid of **$76,298 thousand**[32](index=32&type=chunk) [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20-%20for%20the%20nine%20months%20ended%20September%2030,%202023%20and%202022) This table presents the consolidated statements of cash flows for Tanger Factory Outlet Centers, Inc. for the nine months ended September 30, 2023 and 2022 | Cash Flow Activity | 9 Months Ended Sep 30, 2023 (in thousands) | 9 Months Ended Sep 30, 2022 (in thousands) | | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | | Net cash provided by operating activities | $152,113 | $122,741 | | Net cash used in investing activities | $(87,139) | $(31,371) | | Net cash used in financing activities | $(88,324) | $(71,824) | | Net increase (decrease) in cash and cash equivalents | $(23,665) | $19,453 | | Cash and cash equivalents, end of period | $188,459 | $180,708 | [FINANCIAL STATEMENTS OF TANGER PROPERTIES LIMITED PARTNERSHIP](index=12&type=section&id=FINANCIAL%20STATEMENTS%20OF%20TANGER%20PROPERTIES%20LIMITED%20PARTNERSHIP%20(Unaudited)) This section provides the unaudited consolidated financial statements for Tanger Properties Limited Partnership and its subsidiaries, mirroring the Company's financial reporting due to their integrated operations [Consolidated Balance Sheets](index=12&type=section&id=Consolidated%20Balance%20Sheets%20-%20as%20of%20September%2030,%202023%20and%20December%2031,%202022%20(Operating%20Partnership)) This table presents the consolidated balance sheets for Tanger Properties Limited Partnership as of September 30,
Tanger Outlets(SKT) - 2023 Q3 - Earnings Call Transcript
2023-11-07 17:33
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Steven Tanger - Executive Chair Stephen Yalof - Director, President and Chief Executive Officer Michael Bilerman - Executive Vice President and Chief Financial Officer Leslie Swanson - Executive Vice President, Chief Operating Officer Doug McDonald - Senior Vice President Finance and Capital Markets Conference Call Participants Floris Dijkum - Comp ...
Tanger Outlets(SKT) - 2023 Q3 - Earnings Call Presentation
2023-11-07 13:20
SC MYRTLE BEACH CHARLESTON HILTON HEAD SAVANNAH VT NASHVILLE ® BATON ROUGE SAN ANTONIO AUSTIN and Engaged Executive Team and Board Jessica Norman Executive Vice President, General Counsel and Secretary Steven B. Tanger Executive Chair of the Board Sandeep L. Mathrani Director Thomas J. Reddin Director Susan E. Skerritt Director Luis A. Ubiñas Director THIRD QUARTER 2023 7 Our Mission Our Vision To deliver the best value, experience and opportunity for our communities, stakeholders and partners Using custome ...
Tanger Outlets(SKT) - 2023 Q2 - Quarterly Report
2023-08-04 21:03
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, 2023 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 Factory Outlet Centers, Inc.) Commission file number: 333-3526-01 (Tanger Properties Limited Partnership) T ...
Tanger Outlets(SKT) - 2023 Q2 - Earnings Call Transcript
2023-08-04 15:54
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Steven Tanger - Executive Chair Stephen Yalof - President and CEO Michael Bilerman - EVP, CFO and Chief Investment Officer Doug McDonald - SVP Conference Call Participants Greg McGinnis - Scotiabank Todd Thomas - KeyBanc Capital Markets Samir Khanal - Evercore ISI Craig Mailman - Citi Caitlin Burrows - Goldman Sachs Floris van Dijkum - Compass Point ...