Tanger Inc. Q4 2025 Earnings Call Summary

Performance was driven by record-breaking annual leasing production exceeding 3,000,000 square feet and the accretive integration of recent acquisitions. Management attributes sustained retailer demand to a dearth of new retail development and consolidation in the department store sector, which funnels brands toward Tanger's open-air platform. Strategic retenanting is prioritized over simple renewals, with renewal rates intentionally lowered to 80% to facilitate the introduction of higher-growth brand ...