Reported Earnings • Aug 05
Second quarter 2026 earnings released: FFO per share: US$0.7 (vs US$0.62 in 2Q 2025) Second quarter 2026 results: FFO per share: US$0.7 (up from US$0.62 in 2Q 2025). Revenue: US$160.2m (up 12% from 2Q 2025). Funds from operations (FFO): US$77.1m (up 12% from 2Q 2025). FFO margin: 48% (in line with 2Q 2025). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 05
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2026 Tanger Inc. revised earnings guidance for the year ending December 31, 2026. The company now expects estimated diluted net income per share of $1.06 to $1.13 compared to previous guidance of $1.05 to $1.13. New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Significant insider selling over the past 3 months (€446k sold). Declared Dividend • Jul 17
First quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 31st July 2026 Payment date: 14th August 2026 Dividend yield will be 3.0%, which is lower than the industry average of 5.6%. Aankondiging • Jul 15
Tanger Declares Quarterly Cash Dividend, Payable August 14, 2026 Tanger announced that its Board of Directors declared a quarterly cash dividend of $0.3125 per share, payable on August 14, 2026 to common shareholders of record on July 31, 2026. Aankondiging • Jun 30
Tanger Inc. to Report Q2, 2026 Results on Aug 04, 2026 Tanger Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2026 Aankondiging • Jun 29
Tanger Inc.(NYSE:SKT) dropped from Russell 2000 Dynamic Index Tanger Inc.(NYSE:SKT) dropped from Russell 2000 Dynamic Index Aankondiging • May 29
Tanger Inc. (NYSE : SKT) acquired Levis Commons, Llc for approximately $60 million. Tanger Inc. (NYSE : SKT) acquired Levis Commons, Llc for approximately $60 million on May 28, 2026. The transaction was purchased using cash on hand and available liquidity.
Tanger Inc. (NYSE : SKT) completed the acquisition of Levis Commons, Llc on May 28, 2026. Board Change • May 21
High number of new directors Chair Emeritus Steve Tanger was the last director to join the board, commencing their role in 2026. Aankondiging • May 03
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2026 Tanger Inc. revised earnings guidance for the year ending December 31, 2026. For the year, the company now expects estimated diluted net income per share to be in the range of $1.05 to $1.13 as compared to $1.04 to $1.12 in the previous guidance. Aankondiging • Apr 14
Tanger Inc. Increases Quarterly Dividend, Payable on May 15, 2026 Tanger Inc. announced that its Board of Directors approved a 6.8% increase in the dividend on its common shares from $1.17 to $1.25 per share on an annualized basis. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.3125 per share, payable on May 15, 2026 to common shareholders of record on April 30, 2026. Aankondiging • Mar 10
Tanger Inc. to Report Q1, 2026 Results on Apr 30, 2026 Tanger Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Aankondiging • Feb 25
Tanger Inc. Provides Earnings Guidance for the Year Ending December 31, 2026 Tanger Inc. provided earnings guidance for the year ending December 31, 2026. For the year, the company estimated diluted net income per share to be in the range of $1.04 to $1.12. Aankondiging • Jan 15
Tanger Inc. Declares Quarterly Dividend ,Payable February 13, 2026 Tanger Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.2925 per share, payable on February 13, 2026 to common shareholders of record on January 30, 2026. Aankondiging • Dec 18
Tanger Inc. to Report Q4, 2025 Results on Feb 24, 2026 Tanger Inc. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Aankondiging • Nov 05
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2025 Tanger Inc. revised earnings guidance for the year ending December 31, 2025. For the year, the company expects diluted net income per share to be in range of $0.95 to $0.99 compared to previous guidance of $0.93 to $1.00. Aankondiging • Oct 15
Tanger Inc. announces Quarterly dividend, payable on November 14, 2025 Tanger Inc. announced Quarterly dividend of USD 0.2925 per share payable on November 14, 2025, ex-date on October 31, 2025 and record date on October 31, 2025. Aankondiging • Sep 19
Tanger Inc. to Report Q3, 2025 Results on Nov 04, 2025 Tanger Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Aankondiging • Sep 18
Tanger Inc. (NYSE:SKT) acquired Legends Outlets in Kansas City, Kansas for approximately $130 million. Tanger Inc. (NYSE:SKT) acquired Legends Outlets in Kansas City, Kansas for approximately $130 million on September 16, 2025. A total consideration of approximately $130 million will be funded using available liquidity and the assumption of a $115 million CMBS loan that matures in November 2027. Tanger will rename Legends Outlets to Tanger Kansas City at Legends.
Tanger Inc. (NYSE:SKT) completed the acquisition of Legends Outlets in Kansas City, Kansas on September 16, 2025. Aankondiging • Aug 05
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2025 Tanger Inc. revises earnings guidance for the year ending December 31, 2025. For the year, the company expects diluted net income per share to be in range of $0.93 to $1.00 compared to previous guidance of $0.91 per share to $0.99 per share. Aankondiging • Jul 15
Tanger Declares Quarterly Cash Dividend, Payable on August 15, 2025 Tanger Inc. board declared a quarterly cash dividend of $0.2925 per share, payable on August 15, 2025 to common shareholders of record on July 31, 2025. Aankondiging • Jun 17
Tanger Inc. to Report Q2, 2025 Results on Aug 04, 2025 Tanger Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Aankondiging • May 14
Tanger Inc. (NYSE:SKT) announces an Equity Buyback for $200 million worth of its shares. Tanger Inc. (NYSE:SKT) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its outstanding common stock. Aankondiging • May 01
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2025 Tanger Inc. revises earnings guidance for the year ending December 31, 2025. For the year, the company expects diluted net income per share to be in range of 0.91 to 0.99 compared to previous guidance of 0.94 per share to 1.02 per share. Aankondiging • Apr 10
Tanger Inc. announces Quarterly dividend, payable on May 15, 2025 Tanger Inc. announced Quarterly dividend of USD 0.2925 per share payable on May 15, 2025, ex-date on April 30, 2025 and record date on April 30, 2025. Aankondiging • Mar 31
Tanger Inc., Annual General Meeting, May 09, 2025 Tanger Inc., Annual General Meeting, May 09, 2025. Aankondiging • Mar 18
Tanger Inc. to Report Q1, 2025 Results on Apr 30, 2025 Tanger Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Aankondiging • Feb 26
Tanger Inc. has filed a Follow-on Equity Offering. Tanger Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Feb 21
Tanger Inc. Provides Earnings Guidance for the Year Ending December 31, 2025 Tanger Inc. provided earnings guidance for the year ending December 31, 2025. For the year, the company estimated diluted net income per share to be between $0.94 to $1.02. Aankondiging • Jan 17
Tanger Declares Quarterly Cash Dividend, Payable on February 14, 2025 Tanger announced that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on February 14, 2025 to common shareholders of record on January 31, 2025. Aankondiging • Jan 10
Tanger Inc. to Report Q4, 2024 Results on Feb 19, 2025 Tanger Inc. announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Director Sonia Syngal was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Significant insider selling over the past 3 months (€498k sold). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.23 (vs US$0.27 in 3Q 2023) Third quarter 2024 results: EPS: US$0.23 (down from US$0.27 in 3Q 2023). Revenue: US$133.0m (up 11% from 3Q 2023). Net income: US$24.6m (down 14% from 3Q 2023). Profit margin: 19% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 07
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2024 Tanger Inc. revised earnings guidance for the year ending December 31, 2024. For the year, the company expects revised diluted net income per share to be in the range of $0.88 to $0.92 compared to previous guidance to be in the of $0.85 to $0.92. Declared Dividend • Oct 14
Second quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 3.4%, which is lower than the industry average of 5.6%. Aankondiging • Oct 10
Tanger Inc. Declares Quarterly Cash Dividend, Payable on November 15, 2024 Tanger Inc. declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. Aankondiging • Sep 24
Tanger Inc. Appoints Sonia Syngal to Its Board of Directors Tanger Inc. announced that the company's board of directors has elected Sonia Syngal as a director of the company, effective September 23, 2024. This addition expands Tanger's board from nine to 10 members. Syngal is the former CEO of Gap Inc. and has nearly 30 years of industry experience and leadership, with a proven track record in global supply chain operations, brand management, and product-to-market innovation across the retail, technology, and automotive sectors. As CEO of Gap Inc. from 2020 to 2022, Syngal led the leading U.S. apparel provider through a period of unprecedented challenges. During her tenure, she financially stabilized the company and doubled e-commerce revenue across its portfolio of billion-dollar lifestyle brands, including Gap, Banana Republic, Old Navy, and Athleta. Previously, as the CEO of Old Navy, Syngal led the brand's strategic turnaround, expanding its market presence and e-commerce capabilities. Prior to Old Navy, she spent more than a decade in other leadership and operational roles with Gap that supported the company's growth and supply chain evolution and helped expand its European outlet business. Earlier in her career, Syngal grew her knowledge of global operations, logistics, and supply chain management in roles of increasing responsibility with Sun Microsystems and Ford Motor Company. Syngal also serves on the board of governors of Boys & Girls Clubs of America, as a senior advisor to Accenture, and as a champion for Journey to Lead, a non-profit network designed to advance visionary women leaders. She has previously served on the board of directors of Gap Inc., on the board of trustees of The Gap Foundation, as a member of the California Governor's Task Force on Business and Jobs Recovery, and on the steering committee of The Fashion Pact, a non-profit organization focused on a nature positive and net-zero future for fashion. Syngal earned a Bachelor of Science in mechanical engineering from Kettering University and a Master of Science in manufacturing systems engineering from Stanford University. New Risk • Sep 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€498k sold). Recent Insider Transactions • Sep 12
Executive VP & COO recently sold €498k worth of stock On the 9th of September, Leslie A. Gallardo sold around 18k shares on-market at roughly €27.84 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Leslie A.'s only on-market trade for the last 12 months. New Risk • Sep 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Aankondiging • Aug 22
Tanger Inc. to Report Q3, 2024 Results on Nov 06, 2024 Tanger Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.23 (vs US$0.25 in 2Q 2023) Second quarter 2024 results: EPS: US$0.23 (down from US$0.25 in 2Q 2023). Revenue: US$129.0m (up 15% from 2Q 2023). Net income: US$24.6m (down 5.8% from 2Q 2023). Profit margin: 19% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 02
Tanger Inc. Revises Earnings Guidance for the Year Ending December 31, 2024 Tanger Inc. revised earnings guidance for the year ending December 31, 2024. For the year, the company expects Estimated diluted net income per share of $0.85- $0.92 against previous guidance of $0.84 - $0.92. Declared Dividend • Jul 22
First quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 4.0%, which is lower than the industry average of 5.6%. New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€331k sold). Aankondiging • Jul 16
Tanger Inc. Declares Quarterly Cash Dividend, Payable on August 15, 2024 Tanger announced that its board of directors declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024. New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€411k sold). New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Significant insider selling over the past 3 months (€411k sold). Aankondiging • May 25
Tanger Inc. to Report Q2, 2024 Results on Aug 01, 2024 Tanger Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Recent Insider Transactions • May 13
Independent Director recently sold €331k worth of stock On the 8th of May, Susan Skerritt sold around 13k shares on-market at roughly €26.00 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €702k more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.20 (vs US$0.22 in 1Q 2023) First quarter 2024 results: EPS: US$0.20 (down from US$0.22 in 1Q 2023). Revenue: US$123.4m (up 11% from 1Q 2023). Net income: US$22.2m (down 5.0% from 1Q 2023). Profit margin: 18% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Buy Or Sell Opportunity • Apr 17
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to €24.51. The fair value is estimated to be €30.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 1.5% in the next 2 years. Declared Dividend • Apr 15
Fourth quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 4.0%, which is lower than the industry average of 5.6%. Aankondiging • Apr 10
Tanger Inc. Approves Quarterly Cash Dividend, Payable on May 15, 2024 Tanger Inc. announced that its Board of Directors approved a 5.8% increase in the dividend on its common shares from $1.04 to $1.10 per share on an annualized basis. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on May 15, 2024 to common shareholders of record on April 30, 2024. Aankondiging • Apr 05
Tanger Inc., Annual General Meeting, May 17, 2024 Tanger Inc., Annual General Meeting, May 17, 2024, at 10:00 Eastern Daylight. Aankondiging • Mar 12
Tanger Inc. to Report Q1, 2024 Results on Apr 30, 2024 Tanger Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2024 New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Aankondiging • Feb 16
Tanger Provides Earnings Guidance for the Year Ending December 31, 2024 Tanger provided earnings guidance for the year ending December 31, 2024. For the period, the company expects diluted net income per share to be in the range of $0.83 to $0.91. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$0.94 (vs US$0.78 in FY 2022) Full year 2023 results: EPS: US$0.94 (up from US$0.78 in FY 2022). Revenue: US$464.4m (up 2.9% from FY 2022). Net income: US$98.0m (up 21% from FY 2022). Profit margin: 21% (up from 18% in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.26 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%). New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Declared Dividend • Jan 19
Third quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 30th January 2024 Payment date: 15th February 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.5%. Aankondiging • Jan 17
Tanger Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024 Tanger Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 15, 2024 to common shareholders of record on January 31, 2024. Aankondiging • Jan 05
Tanger Inc. to Report Q4, 2023 Results on Feb 15, 2024 Tanger Inc. announced that they will report Q4, 2023 results After-Market on Feb 15, 2024 New Risk • Dec 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Aankondiging • Dec 06
Tanger Inc. has filed a Follow-on Equity Offering in the amount of $250 million. Tanger Inc. has filed a Follow-on Equity Offering in the amount of $250 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Dec 01
Tanger Inc. (NYSE:SKT) acquired 825,000 square foot Bridge Street Town Centre in Huntsville, Alabama for approximately $190 million. Tanger Inc. (NYSE:SKT) acquired 825,000 square foot Bridge Street Town Centre in Huntsville, Alabama for approximately $190 million on November 30, 2023.
Tanger Inc. (NYSE:SKT) completed the acquisition of 825,000 square foot Bridge Street Town Centre in Huntsville, Alabama on November 30, 2023. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Nov 15
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) acquired Asheville Outlets for $70 million. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) acquired Asheville Outlets for $70 million on November 13, 2023. Tanger will officially transition the center to become Tanger Outlets Asheville in early January 2024, leveraging the Tanger name, brand and platform to further strengthen leasing, sales and traffic for the center. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) completed the acquisition of Asheville Outlets on November 13, 2023. Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: US$0.26 (vs US$0.22 in 3Q 2022) Third quarter 2023 results: EPS: US$0.26 (up from US$0.22 in 3Q 2022). Revenue: US$117.3m (up 3.4% from 3Q 2022). Net income: US$27.2m (up 18% from 3Q 2022). Profit margin: 23% (up from 20% in 3Q 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be €25.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.9% in 2 years. Earnings is forecast to decline by 13% in the next 2 years. Upcoming Dividend • Oct 23
Upcoming dividend of US$0.26 per share at 4.5% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.8%). Aankondiging • Oct 14
Tanger® Outlets Approves 6.1% Increase in the Dividend on Its Common Shares, Payable on November 15, 2023 Tanger® Outlets announced that its Board of Directors approved a 6.1% increase in the dividend on its common shares from $0.98 to $1.04 per share on an annualized basis. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023. Buying Opportunity • Sep 20
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €26.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.8% in 2 years. Earnings is forecast to decline by 16% in the next 2 years. Aankondiging • Sep 12
Tanger Factory Outlet Centers, Inc. Appoints Jessica K. Norman as EVP and General Counsel Tanger Factory Outlet Centers, Inc. announced the appointment of Jessica K. Norman as the company's Executive Vice President, General Counsel and Secretary, effective September 12, 2023. In this role, Ms. Norman will lead Tanger's legal organization, including its corporate governance and compliance functions. Ms. Norman will report to Stephen Yalof, President and Chief Executive Officer, and will sit on the executive leadership team. Ms. Norman will bring to Tanger nearly two decades of legal and regulatory experience in both the public and private sectors, focused primarily within the commercial real estate industry. Most recently, she served as Chief Legal Officer of Independence Realty Trust ("IRT"), a publicly traded REIT that owns and operates multifamily apartment properties across non-gateway U.S. markets. Ms. Norman spent several years early in her career in private practice with various prominent law firms. Prior to joining IRT in 2016 in connection with the company's internalization, she served for two years as Managing Director, Corporate Counsel for IRT's external advisor, RAIT Financial Trust, where she was primarily responsible for overseeing legal matters affecting IRT. Since 2021, Ms. Norman has also served as a board member and co-chair for the Nominating and Governance Committee for the Ronald McDonald House Charities of the Philadelphia Region, which supports families on their children's medical journeys with a community of comfort and hope. Ms. Norman holds a Bachelor of Science in Business and Economics from the University of Pittsburgh, as well as a Juris Doctorate and a Master of Business Administration from Temple University. Aankondiging • Aug 24
Tanger Factory Outlet Centers, Inc. to Report Q3, 2023 Results on Nov 06, 2023 Tanger Factory Outlet Centers, Inc. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €27.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.4% in a year. Earnings is forecast to decline by 10% in the next year. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.23 (up from US$0.19 in 2Q 2022). Revenue: US$110.6m (up 2.4% from 2Q 2022). Net income: US$24.5m (up 24% from 2Q 2022). Profit margin: 22% (up from 18% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Sandeep Mathrani was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 21
Upcoming dividend of US$0.24 per share at 4.1% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.7%). Aankondiging • Jul 15
Tanger Factory Outlet Centers, Inc. Declares Cash Dividend, Payable on August 15, 2023 Tanger Factory Outlet Centers, Inc. announced that its board of directors declared a cash dividend of $0.245 per share, payable on August 15, 2023, to common shareholders of record on July 31, 2023. Aankondiging • Jul 06
Tanger Outlets Announces Board Changes Tanger Outlets announced updates to the Company's Board of Directors. Bridget Ryan-Berman, who has been a member of the Company's Board since January 1, 2009, has been appointed lead independent director, a position previously held by David B. Henry. Aankondiging • May 27
Tanger Factory Outlet Centers, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Tanger Factory Outlet Centers, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Recent Insider Transactions • May 21
Independent Director recently sold €92k worth of stock On the 17th of May, Thomas Reddin sold around 5k shares on-market at roughly €18.43 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • May 20
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announces an Equity Buyback for $100 million worth of its shares. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its outstanding common stock. The repurchase program will be valid through May 31, 2025. Reported Earnings • Apr 30
First quarter 2023 earnings released: FFO per share: US$0.5 (vs US$0.48 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.5 (up from US$0.48 in 1Q 2022). Revenue: US$110.9m (flat on 1Q 2022). Funds from operations (FFO): US$52.0m (up 5.2% from 1Q 2022). FFO margin: 47% (up from 44% in 1Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be €20.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 56%. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.24 per share at 5.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 15 May 2023. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.7%). 
