Tanger (SKT) Q3 FFO Beat Estimates

Core Insights - Tanger (SKT) reported quarterly funds from operations (FFO) of $0.6 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.54 per share a year ago, representing an FFO surprise of +3.45% [1] - The company posted revenues of $137.23 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.45%, but up from $125.22 million year-over-year [2] - Over the last four quarters, Tanger has surpassed consensus FFO estimates three times and topped consensus revenue estimates three times as well [2] Financial Performance - The current consensus FFO estimate for the upcoming quarter is $0.59 on revenues of $142.55 million, and for the current fiscal year, it is $2.27 on revenues of $543.36 million [7] - The stock has underperformed the market, losing about 4% since the beginning of the year, while the S&P 500 has gained 16.5% [3] Industry Context - The REIT and Equity Trust - Retail industry, to which Tanger belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, suggesting that investors should monitor these revisions closely [5]