Core Insights - Tanger (SKT) reported quarterly funds from operations (FFO) of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.47 per share a year ago [1] - The company achieved revenues of $122.32 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.26%, compared to $104.59 million in the same quarter last year [2] - The stock has gained approximately 4.3% since the beginning of the year, while the S&P 500 has increased by 15.8% [3] Financial Performance - Over the last four quarters, Tanger has consistently surpassed consensus FFO estimates [2] - The current consensus FFO estimate for the upcoming quarter is $0.52 on revenues of $119.37 million, and for the current fiscal year, it is $2.06 on revenues of $478.04 million [7] Market Outlook - The estimate revisions trend for Tanger is currently favorable, leading to a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [6] - The REIT and Equity Trust - Retail industry is ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for the sector [8]

Group 1 - Tanger Inc. declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024, to common shareholders of record on July 31, 2024 [1] - Tanger Inc. has over 43 years of expertise in the retail and outlet shopping industries [2] - 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 [2] Group 2 - Tanger Inc. is a publicly traded REIT since 1993, continuing to innovate the retail experience for shoppers [2] - The company features over 3,000 stores operated by more than 700 different brand name companies [2]

Core Viewpoint - Tanger Inc. is positioned as a strong investment opportunity for long-term passive income investors due to its robust same center net operating income growth, high occupancy rates, and favorable lease expirations [1] Shopping Center Portfolio, NOI Growth and Re-leasing Opportunity - The trust has experienced a significant recovery in occupancy, reaching 97%, up from a low of 92% during the pandemic [21] - Positive rental spreads indicate strong demand for shopping center real estate, providing a catalyst for rental growth [3][5] - Between 2024 and 2026, 51% of the trust's lease base and 53% of its lease space are set to expire, presenting an opportunity for net operating income and funds from operations growth [13] Financial Performance and Projections - For the year ending December 31, 2024, estimated diluted FFO per share is projected to be between $2.02 and $2.10, with a current FFO multiple of 13.5x [7][18] - The trust's same center net operating income for Q1 2024 was $80.6 million, reflecting a year-over-year growth rate of 5% [22] - The blended rental spread in Q1 2024 was 12.9%, indicating potential for further NOI and FFO growth through higher lease rates [24] Dividend and Payout Ratio - Tanger's dividend was raised by 6% in April, bringing it to an annualized amount of $1.10, which translates to a 4.0% stock yield [11][17] - The funds from operations in Q1 2024 were $0.51 per share, resulting in a dividend payout ratio of 51%, which is an increase from 49% in 2023 [17] Market Position and Valuation - Tanger's low FFO multiple and consistent dividend growth enhance its value proposition for passive income investors [1][27] - The trust's experience in managing open-air shopping centers positions it well to capitalize on the current favorable market conditions [26]

Core Points - Nareit announced the 2024 Investor CARE Award recipients, recognizing companies for effective investor communication and information delivery [1][3] - Tanger Inc. received the 2024 Gold Award, the highest level in the program, for its outstanding investor relations practices [1][3] - The award was based on Tanger's online presence, SEC filings, and overall investor engagement [1][3] Company Overview - Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations with over 43 years of experience in the retail sector [2] - The company operates a portfolio of 38 outlet centers and has over 15 million square feet of retail space across 20 U.S. states and Canada [2] - Tanger has been publicly traded as a REIT since 1993 and features over 3,000 stores from more than 700 brand name companies [2] Leadership Statement - The CEO of Tanger expressed pride in the recognition from Nareit, highlighting the company's commitment to investor engagement and delivering value to stakeholders [5]

Core Insights - Tanger will open five new Sephora stores in its shopping centers, enhancing its beauty and wellness offerings [1][3][4] - The new Sephora locations will average approximately 5,000 square feet and are set to open in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz. [3][4] - This expansion aligns with Tanger's strategy to diversify its portfolio beyond apparel and footwear, aiming to attract younger and more affluent shoppers [4][5] Company Strategy - The addition of Sephora stores is part of Tanger's broader strategy to elevate the shopping experience by introducing high-demand brands and categories [4][5] - Since January 2023, Tanger has leased nearly 200,000 square feet to new brands, focusing on non-apparel and digitally native brands [4] - The company aims to transform its centers into destinations that appeal to over 120 million annual visitors [4][5] Market Position - Sephora is recognized as the largest prestige beauty retailer globally, which will enhance the beauty experience at Tanger's centers [3][5] - The partnership with Sephora is expected to be mutually beneficial, providing a comprehensive range of beauty products at various price points [5] Company Overview - Tanger Inc. operates 38 outlet centers and has over 15 million square feet of retail space across 20 U.S. states and Canada [6] - The company has been publicly traded since 1993 and continues to innovate the retail experience with over 3,000 stores from more than 700 brand name companies [6]

Core Insights - Tanger has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting progress towards established goals and commitment to sustainability [1][2] Environmental Initiatives - In 2023, Tanger increased renewable energy production through onsite solar infrastructure and expanded biodiversity initiatives, with electric vehicle charging spaces now available at over 90% of its centers [3] - The company aims to achieve Scope 1 and 2 net zero carbon emissions by 2050 and plans to establish a roadmap for these emissions in 2024, including interim targets [7] Social Initiatives - Tanger launched three Employee Resource Groups in 2023 focused on Women, LGBTQ+, and People of Color, and maintained the WELL Health-Safety Rating for all its shopping centers [4] - The company raised over $138,000 through its TangerPink program for breast cancer awareness and contributed over $170,000 to local schools through its TangerKids program, with team members volunteering over 6,500 hours [5] Governance Initiatives - In 2023, Tanger increased the representation of women on its executive team and completed Board refreshment steps, enhancing engagement with the investment community through over 500 touchpoints [6] Reporting Standards - Tanger's ESG reporting aligns with respected standards such as the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board, and it discloses ESG data to various sustainability benchmarks [8][9]

Core Insights - SK Telecom has officially launched its AI-based veterinary X-ray image diagnosis assistance service 'X Caliber' in Australia [1] - The service utilizes AI to analyze X-ray images of pets within approximately 15 seconds, offering high sensitivity rates for various abnormal patterns [2] - SK Telecom has entered a strategic partnership with ATX Medical Solutions to facilitate the commercial launch of X Caliber, which is now available in over 100 veterinary clinics in Australia [3] Product Details - X Caliber analyzes X-ray images with a sensitivity of 94% for detecting 16 abnormal patterns in abdominal X-rays, 88% for 10 patterns in chest X-rays, and 86% for 7 patterns in musculoskeletal X-rays [2] - The service operates on a cloud-based system, eliminating the need for separate server installations in veterinary hospitals, allowing access via mobile devices or PCs [2] Market Context - Australia has a high pet ownership rate, with over two-thirds of households owning pets, totaling around 29 million pets as of January 2024 [4] - The average number of pets per household in Australia is 1.3 dogs and 1.6 cats [4] Strategic Partnerships - SK Telecom has signed a commercial contract with MEDIVET Pet Hospital & Clinic, Indonesia's largest premium veterinary hospital chain, to provide X Caliber services [6] - This partnership is seen as an opportunity to expand X Caliber's reach into Indonesia and the broader Southeast Asian market [6] Global Expansion Efforts - SK Telecom is actively providing beta services to veterinary clinics in North America, Europe, and Asia to enhance the global presence of X Caliber [7] Industry Engagement - SK Telecom and ATX Medical Solutions are participating in the Australian Veterinary Association (AVA) Conference 2024 to introduce X Caliber to veterinary professionals [5]

Core Insights - Tanger® will participate in Nareit's REITweek 2024 Investor Conference from June 4 to June 6, 2024, with key executives involved in an analyst-led Q&A session [1] - A live audio-only webcast of the conference will be available online, with a replay accessible until June 14, 2024 [2] - Tanger Inc. has over 43 years of experience in the retail and outlet shopping industries, operating 38 outlet centers and managing over 15 million square feet of retail space across 20 U.S. states and Canada [3] Company Overview - Tanger Inc. is a publicly traded REIT since 1993, focusing on outlet and open-air retail shopping destinations [3] - The company operates over 3,000 stores from more than 700 different brand name companies [3] - Tanger's portfolio includes one adjacent managed center and one open-air lifestyle center [3]

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 ...

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. ...