Tanger Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers.
6 star dividend payer with proven track record.
Share Price & News
How has Tanger Factory Outlet Centers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: T6O's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: T6O underperformed the German REITs industry which returned 44.1% over the past year.
Return vs Market: T6O underperformed the German Market which returned 14.1% over the past year.
Price Volatility Vs. Market
How volatile is Tanger Factory Outlet Centers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Tanger Factory Outlet Centers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: T6O (€12) is trading below our estimate of fair value (€24.98)
Significantly Below Fair Value: T6O is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: T6O is poor value based on its PE Ratio (14x) compared to the REITs industry average (9.8x).
PE vs Market: T6O is good value based on its PE Ratio (14x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: T6O's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: T6O is overvalued based on its PB Ratio (2.8x) compared to the DE REITs industry average (1.7x).
How is Tanger Factory Outlet Centers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T6O's earnings are forecast to decline over the next 3 years (-24% per year).
Earnings vs Market: T6O's earnings are forecast to decline over the next 3 years (-24% per year).
High Growth Earnings: T6O's earnings are forecast to decline over the next 3 years.
Revenue vs Market: T6O's revenue is expected to decline over the next 3 years (-5.6% per year).
High Growth Revenue: T6O's revenue is forecast to decline over the next 3 years (-5.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: T6O's Return on Equity is forecast to be low in 3 years time (16.5%).
How has Tanger Factory Outlet Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: T6O has high quality earnings.
Growing Profit Margin: T6O's current net profit margins (17.8%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: T6O's earnings have declined by -15.3% per year over the past 5 years.
Accelerating Growth: T6O's earnings growth over the past year (103.8%) exceeds its 5-year average (-15.3% per year).
Earnings vs Industry: T6O earnings growth over the past year (103.8%) exceeded the REITs industry 91.2%.
Return on Equity
High ROE: Whilst T6O's Return on Equity (20.33%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Tanger Factory Outlet Centers's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: T6O has a high level of physical assets or inventory.
Debt Coverage by Assets: T6O's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: T6O's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if T6O has a sufficient allowance for bad loans.
Low Risk Liabilities: T6O reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if T6O has an acceptable proportion of non-loan assets held.
Low Risk Deposits: T6O has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if T6O has an appropriate level of bad loans.
What is Tanger Factory Outlet Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: T6O's dividend (10.93%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: T6O's dividend (10.93%) is in the top 25% of dividend payers in the German market (3.57%)
Stability and Growth of Payments
Stable Dividend: T6O's dividends per share have been stable in the past 10 years.
Growing Dividend: T6O's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.8%), T6O's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: T6O's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Tanger (70yo)
Mr. Steven B. Tanger, also known as Steve, serves as a Director of Tanger Factory Outlet Centers, Inc., one of the largest owners and operators of outlet centers in the U.S. and Canada that is publicly tra ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD6.97M) is above average for companies of similar size in the German market ($USD1.47M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|CEO & Director||11.1yrs||US$6.97m||1.42% $16.2m|
|Executive VP & CFO||3.8yrs||US$1.29m||0.11% $1.3m|
|Executive VP||8.2yrs||US$1.84m||0.13% $1.5m|
|Executive Vice President of Leasing||18.8yrs||US$981.49k||0.061% $700.0k|
|VP, Chief Accounting Officer & Controller||2.8yrs||no data||0.043% $491.1k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Vice President of Corporate Communications & Enterprise Risk Management||0yrs||no data||no data|
|Senior VP & Chief Marketing Officer||8.1yrs||US$370.07k||0.070% $800.3k|
|Vice President of Human Resources||12.8yrs||no data||no data|
|Senior Vice President of Construction & Development||5.8yrs||no data||0.057% $648.0k|
Experienced Management: T6O's management team is seasoned and experienced (8.1 years average tenure).
|CEO & Director||11.1yrs||US$6.97m||1.42% $16.2m|
|Independent Director||9.6yrs||US$289.42k||0.059% $669.4k|
|Independent Director||15.5yrs||US$251.92k||0.064% $726.5k|
|Independent Director||26.7yrs||US$239.42k||0.096% $1.1m|
|Independent Director||5.6yrs||US$264.42k||0.0022% $24.6k|
|Independent Director||26.1yrs||US$239.42k||0.089% $1.0m|
|Non-Executive Chair of the Board||0.8yrs||US$251.92k||0.050% $570.7k|
|Independent Director||11.1yrs||US$254.42k||0.076% $873.2k|
|Independent Director||1.6yrs||US$25.27k||no data|
|Director||0.6yrs||no data||no data|
Experienced Board: T6O's board of directors are seasoned and experienced ( 10.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tanger Factory Outlet Centers, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Tanger Factory Outlet Centers, Inc.
- Ticker: T6O
- Exchange: DB
- Founded: 1981
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.233b
- Market Cap: US$1.085b
- Listing Market Cap: US$1.142b
- Shares outstanding: 97.85m
- Website: https://www.tangeroutlets.com
Number of Employees
- Tanger Factory Outlet Centers, Inc.
- 3200 Northline Avenue
- Suite 360
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SKT||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||May 1993|
|T6O||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 1993|
|0LD4||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||May 1993|
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.3 million square feet, leased to over 2,800 stores which are operated by more than 510 different brand name companies. The Company has more than 39 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million visitors annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter and year ended December 31, 2019.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 21:09|
|End of Day Share Price||2020/02/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.