Tanger Outlets(SKT) - 2021 Q1 - Earnings Call Presentation

Company Overview - Tanger Factory Outlet Centers owns or has interest in 36 centers[108] - The company's properties are located in 20 states and Canada[108] - The total leasable area is approximately 136 million square feet, housing over 2,500 stores operated by more than 500 brand name companies[108] - The company's market value was $16 billion as of March 31, 2021[12] - The enterprise value was $31 billion[12] Financial Performance & Metrics - The company's occupancy rate was 917%[18] - Blended straight-line rent spreads decreased by 28%[18] - Same Center NOI decreased by 80% year-over-year[18] - Secured financing represents 7% of square footage, while 93% is unencumbered[60] - Variable rate debt is 5%, while fixed rate debt is 95%, totaling $1,4764 million[62]