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. ...

Financial Data and Key Metrics Changes - In Q1 2024, core FFO per share increased to $0.52 from $0.46 in the same quarter last year, reflecting solid operating growth and contributions from new centers [21] - Same center NOI grew by 5.2% in Q1 2024, driven by robust leasing and positive rent spreads [22] - The company increased its core FFO per share guidance for 2024 by $0.01 to a range of $2.03 to $2.11, indicating a growth of 4% to 8% over 2023 [28] Business Line Data and Key Metrics Changes - The company leased over 2.3 million square feet of GLA over the trailing 12 months, with rent spreads of 36% for re-tenanted space and 11% for renewals [14][15] - Portfolio occupancy remained stable at 96.5%, with the same center portfolio up 60 basis points [9] Market Data and Key Metrics Changes - Traffic in Q1 2024 was slightly up compared to last year, with sales per square foot increasing to $437, showing sequential improvement [11] - The company is benefiting from demographic, travel, and migration trends that are driving demand for its centers [10] Company Strategy and Development Direction - The company is focused on enhancing its portfolio through leasing, operating, and marketing efforts, as well as selectively pursuing external growth opportunities [7] - There is a strategic emphasis on re-tenanting and right-sizing stores to improve the overall merchandising mix and shopper experience [16] - The company aims to attract both tourist and local shoppers by diversifying its tenant mix, including adding food and beverage options and entertainment [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sales growth, driven by the replacement of older brands with more productive retailers and a balanced marketing approach targeting both tourists and local customers [85] - The company anticipates that its strategic initiatives will lead to continued occupancy and NOI growth, despite potential fluctuations in renewal rates [41][56] Other Important Information - The company amended its lines of credit, increasing liquidity and reducing borrowing costs, which enhances its ability to pursue growth initiatives [25][26] - A 5.8% increase in the annualized dividend to $1.10 per share was approved, maintaining a low payout ratio of 54% [27][80] Q&A Session Summary Question: Can you elaborate on enhancing the merchandising mix? - Management indicated that they are successfully bringing in new brands and diversifying tenant offerings, including sit-down restaurants and new categories [33][34] Question: What is the expected trend for tenant retention and occupancy? - Management expects some decline in renewal rates as they focus on re-tenanting, but they believe this strategy will enhance overall portfolio productivity [41][42] Question: How is the digital strategy impacting customer engagement? - The company is using digital tools to communicate offers and drive traffic, although they do not rely on digital data to value real estate [44][45] Question: What is the outlook for renewal spreads given current sales trends? - Management believes they can maintain positive renewal spreads by replacing underperforming tenants with more productive retailers [102][110] Question: How does retailer inventory strategy affect outlet demand? - Management noted that many brands use outlets to clear excess inventory, and they have implemented a pop-up strategy to accommodate this need [110]

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 ...

Financial Data and Key Metrics Changes - Core FFO for Q4 2023 was $0.52 per share, up from $0.47 per share in Q4 2022, with full-year Core FFO at $1.96 compared to $1.83 in the prior year, reflecting a 7.1% increase [23][36] - Same center NOI increased by 5.4% for the quarter and 6.2% for the year, driven by gains in occupancy and strong rent spreads [36][48] - The company maintained a net debt to adjusted EBITDA ratio of 5.8 times, which is expected to improve to between 5.2 and 5.3 times with a full year of EBITDA from new acquisitions [25][26] Business Line Data and Key Metrics Changes - Year-end occupancy was 97.3%, up from 97% at year-end 2022, but down 70 basis points from the previous quarter due to recent acquisitions [8] - The company executed 544 leases totaling over 2.3 million square feet in 2023, a 9% increase from 2022, with blended average rental rates up 13.3% year-over-year [41][40] Market Data and Key Metrics Changes - The company reported positive trends in leasing activity, with eight consecutive quarters of positive leasing spreads, indicating strong demand from retailers [40][41] - Retailers in categories such as athletic and family apparel saw continued gains, while discretionary categories faced challenges [19] Company Strategy and Development Direction - The company is focused on diversifying and enhancing the shopping experience by investing in dominant open-air retail centers in high-growth markets [12][21] - Future strategies include proactive re-tenanting to replace less productive retailers with more productive ones, which may impact near-term renewal metrics but is expected to drive long-term rent growth [18][79] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued sales and traffic growth into 2024, supported by the launch of the Tanger Digital Loyalty app [44][46] - The company anticipates recurring CapEx in the range of $50 million to $60 million for 2024, reflecting a higher re-tenanting rate and ongoing portfolio investments [28] Other Important Information - The company acquired three new centers in Q4 2023, investing over $400 million, with nearly $300 million deployed during the quarter [24][12] - The company has a largely fixed-rate balance sheet, with 95% of its debt fixed and no significant maturities until late 2026 [27] Q&A Session Summary Question: Can you provide more details on the criteria for future acquisitions? - Management indicated they are looking for dominant centers in markets with strong residential and tourism growth, leveraging their best-in-class leasing and marketing platforms [31][56] Question: What is the outlook for tenant sales productivity with the new leasing strategy? - Management stated they are focused on replacing less productive retailers with more productive ones, which is expected to enhance overall sales productivity [70][79] Question: How does the company plan to manage bad debt in the current environment? - Management noted that they have maintained a reserve for bad debt under 50 basis points and are in constant communication with tenants to manage risks [76][119] Question: What is the expected impact of re-tenanting on same-store NOI? - Management acknowledged that while re-tenanting may cause some short-term downtime, it is expected to lead to higher rents and improved NOI in the long term [102][84] Question: How does the company view the balance between outlet and lifestyle center acquisitions? - Management expressed confidence in both outlet and lifestyle center opportunities, noting synergies between the two and a strategic focus on enhancing the shopping experience [108][124]