Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET Company Participants Doug McDonald - SVP, Finance and Capital Markets Steven Tanger - Executive Chair Stephen Yalof - President, CEO & Director James Williams - EVP, CFO & Treasurer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Michael Bilerman - Citigroup Inc. Floris Gerbrand Van Dijkum - Compass Point Research & Trading Caitlin Burrows - Goldman Sachs Group Emily Arft - Green Street ...

Financial Performance - The company's Q1 2022 results reflect strong operating fundamentals, driving robust NOI growth, positive leasing spreads, and increased tenant sales[14] - Same Center NOI increased by 99% year-over-year for the twelve months ended March 31, 2022[32] - Core FFO available to common shareholders was $045 per share in Q1 2022[80, 104] - Net income available to common shareholders was $20303 million in Q1 2022, compared to $3926 million in Q1 2021[101] Portfolio Metrics - Occupancy was 943% as of March 31, 2022, up 13%[32] - Tenant sales per square foot reached $464, up 181% from 1Q19[32] - Executed comparable leases had blended cash rent spreads of +99%[32] - The company executed 18 million square feet of leases in the period from 375 leases[32] - The portfolio consists of 136 million total square feet[24] Capital & Debt - The company maintains an investment-grade rating[24] - The company has limited floating rate exposure[70] - The company has $1079 million in square feet encumbered and $14680 million in square feet unencumbered[70]

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Citi's 2022 Global Property CEO Conference March 7, 2022 5:00 PM ET Company Participants Stephen Yalof - Director, President and Chief Executive Officer James Williams - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Katy McConnell - Citigroup Operator Good afternoon, everyone and welcome to the 5 PM session at Citi’s Global Property CEO Conference. I'm Katy McConnell with City research and we're pleased to have wi ...

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, 2021 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) TANGER ...

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q4 2021 Earnings Conference Call February 18, 2022 8:30 AM ET Company Participants Cyndi Holt - SVP, Finance & IR Steven Tanger - Executive Chair of the Board Stephen Yalof - President, CEO & Director James Williams - EVP, CFO & Treasurer Conference Call Participants Mary McConnell - Citigroup Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Research & Trading Caitlin Burrows - Goldman Sachs Group Craig Schmidt ...

THE TANGER EXPERIENCE Management Presentation | February 17, 2022 FOURTH QUARTER 2021 dependence on rental income from real property; our dependence on the | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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 September 30, 2021 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 Partnersh ...

Financial Data and Key Metrics Changes - Core FFO available to common shareholders for Q3 2021 was $0.47 per share, up from $0.44 per share in Q3 2020 [25] - Same-center NOI for the consolidated portfolio increased by 11.5% to $73.8 million, driven by a rebound in variable rents and other revenues [26] - Net debt to adjusted EBITDA improved to 5.3 times as of September 30, compared to 7.2 times for the same period last year [29] - Guidance for core FFO was increased to a range of $1.67 to $1.71 per share, reflecting a 9% increase at the midpoint [31] Business Line Data and Key Metrics Changes - Portfolio occupancy returned to pre-pandemic levels at 94.3%, up 140 basis points year-over-year [12] - Blended average rent spreads improved by 240 basis points on a cash basis compared to the previous quarter [13] - Tenant sales reached an all-time high of $448 per square foot, representing a 13% increase over the comparable 2019 period [17] - Non-rental revenues doubled compared to 2020 and increased by 38% over 2019 [20] Market Data and Key Metrics Changes - Traffic for the quarter was approximately 99% of the same period in 2019, with a return to pre-pandemic levels in September [17] - The company is focusing on growing its non-apparel and footwear tenant base, adding new brands in furniture, home goods, wellness, and beauty [18] Company Strategy and Development Direction - The company is executing a strategic plan focused on maximizing NOI and converting short-term leases into permanent deals [23] - There is a strong emphasis on enhancing the customer experience through new tenant categories and marketing partnerships [19] - The company is optimistic about the holiday shopping season and is proactively addressing potential logistics and staffing issues [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sales growth and the ability to navigate challenges in the retail environment [33][37] - The company is seeing strong leasing momentum and is encouraged by the addition of new brands and categories [23] - Management is focused on maintaining a strong financial position while exploring growth opportunities [30] Other Important Information - The company has a strong pipeline of leasing activity, with a focus on home products and food and beverage categories [45] - The company is exploring acquisition opportunities and has established a peripheral land team to capitalize on un-monetized land [53][55] Q&A Session Summary Question: Outlook on percentage rent contribution - Management noted that variable rent numbers have been strong and expressed optimism about sales growth going into the fourth quarter [33] Question: Contribution of new tenant categories - Management highlighted significant deals in the home category and noted improved weekday traffic benefiting food retailers [34] Question: Fourth quarter guidance details - Management indicated that lower expectations for overage rents and higher operating expenses are primary drivers for conservative guidance [37] Question: Leasing pipeline and occupancy outlook - Management reported strong leasing momentum and a focus on home products, which are expected to drive traffic [44] Question: Growth of other revenues - Management discussed the potential for growth in marketing partnerships and onsite events, which have proven profitable [46] Question: Development plans for national projects - Management confirmed they are on track to start development in early 2022 [51] Question: Opportunities for redeployment of excess cash - Management indicated there are active acquisition opportunities and plans for peripheral land development [53] Question: Entertainment concepts in non-apparel growth - Management mentioned ongoing negotiations for entertainment concepts that will enhance customer engagement [60] Question: Supply chain concerns for outlet stores - Management expressed confidence in retailers' preparedness for the holiday season despite potential supply chain issues [61] Question: Dynamics of percentage rent deals - Management explained the strategy of trading base rent for variable rent components, which has proven beneficial [81] Question: Occupancy costs and conversion of leases - Management stated that they are successfully converting short-term leases into long-term deals, enhancing cash flow [87]

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Bank of America Virtual Global Real Estate Conference September 21, 2021 10:30 AM ET Company Participants Stephen Yalof - President and Chief Executive Officer Jim Williams - CFO and Treasurer Cyndi Holt - Senior VP, Finance and Investor Relations Conference Call Participants Craig Schmidt - Bank of America, Merrill Lynch Craig Schmidt Good morning, everyone. And welcome to our conference meeting with Tanger Factory Outlet Centers. Tanger is a REIT that owns a ...

Tanger Factory Outlet Centers Inc. (NYSE:SKT) Q2 2021 Earnings Conference Call August 4, 2021 8:30 AM ET Company Participants Steven Tanger - Executive Chair Stephen Yalof - Chief Executive Officer James Williams - Executive Vice President, Chief Financial Officer Cyndi Holt - Senior Vice President, Finance and Investor Relations Conference Call Participants Katy McConnell - Citigroup Ravi Vaidya - Keybanc Samir Khanal - Evercore Caitlin Burrows - Goldman Sachs Craig Schmidt - Bank of America Mike Mueller ...