Tanger (SKT) Q1 FFO Meet Estimates

Core Insights - Tanger reported quarterly funds from operations (FFO) of $0.53 per share, matching the Zacks Consensus Estimate and showing a year-over-year increase from $0.52 per share [1] - The company achieved revenues of $129.29 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 4.13% and up from $117.81 million a year ago [2] - The stock has underperformed, losing about 8% since the beginning of the year compared to the S&P 500's decline of 5.5% [3] Financial Performance - FFO for the previous quarter was expected to be $0.52 per share, but the actual result was $0.54, resulting in a surprise of 3.85% [1] - Over the last four quarters, Tanger has surpassed consensus FFO estimates three times [1] - The current consensus FFO estimate for the upcoming quarter is $0.56, with expected revenues of $128.23 million, and for the current fiscal year, the estimate is $2.26 on revenues of $516.55 million [7] Market Outlook - 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] - The REIT and Equity Trust - Retail industry is ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]