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Tanger NYSE:SKT Stock Report

Last Price

US$36.67

Market Cap

US$4.2b

7D

2.6%

1Y

45.6%

Updated

21 Nov, 2024

Data

Company Financials +

Tanger Inc.

NYSE:SKT Stock Report

Market Cap: US$4.2b

SKT Stock Overview

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. More details

SKT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends4/6

Rewards

Earnings grew by 5.7% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Significant insider selling over the past 3 months

Unstable dividend track record

Shareholders have been diluted in the past year


Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Calculated Leasing And Digital Innovation Drive Growth In Retail REIT's Future

Key Takeaways Tanger's remerchandising and higher occupancy aim to attract affluent demographics, drive foot traffic, and improve revenue and net margins. Solid financial footing and strategic growth initiatives position Tanger for future revenue enhancement and earnings growth.
View narrative
US$36.86
FV
0.5% undervalued intrinsic discount
0.21%
Revenue growth p.a.
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1 day ago author updated this narrative

Tanger Inc. Competitors

Macerich

NYSE:MAC

US$4.6b

Phillips Edison

NasdaqGS:PECO

US$5.3b

Urban Edge Properties

NYSE:UE

US$3.0b

Retail Opportunity Investments

NasdaqGS:ROIC

US$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Tanger
Historical stock prices
Current Share PriceUS$36.67
52 Week HighUS$36.81
52 Week LowUS$24.72
Beta1.84
11 Month Change7.69%
3 Month Change23.80%
1 Year Change45.63%
33 Year Change71.84%
5 Year Change138.58%
Change since IPO486.72%

Recent News & Updates

Recent updates

Tanger Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple

Sep 12

Tanger: Building Wealth With Consistent Returns And Growth

Aug 29

Tanger: 4% Yield, Re-Tenanting Upside, Low FFO Multiple

Jun 15

Tanger Factory Outlets: Still Growing While Beating 2020 Expectations

Apr 16

Tanger: Sustained Growth With Desirable Locations

Mar 27

Tanger: A Well-Covered 4% Dividend Plus Growth Potential

Jan 16

After Fantastic Upside, Tanger Is No Longer On Sale (Rating Downgrade)

Nov 20

Tanger Factory: A Quality 'Buy' At The Right Price

Sep 26

Tanger Factory Outlet: Flush With Cash, 4.2% Dividend Yield, A Buy?

Jul 19

Tanger Factory FFO of $0.47 beats by $0.02, revenue of $116.46M beats by $7.45M, guidance in-line

Feb 21

Dividend Cut Risk For Tanger But SWAN With Simon

Jan 30

Tanger Factory Outlet: 5 Reasons Why You Should Sell This REIT

Jan 16

Simon Says, Sell Tanger Factory Outlets

Dec 19

Tanger Factory: Secure A 4.5% Yield For Tough Times

Dec 07

Tanger increases loan capacity by $25M, extends maturity

Oct 17

Shareholder Returns

SKTUS Retail REITsUS Market
7D2.6%0.7%-1.0%
1Y45.6%27.4%30.3%

Return vs Industry: SKT exceeded the US Retail REITs industry which returned 27.4% over the past year.

Return vs Market: SKT exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is SKT's price volatile compared to industry and market?
SKT volatility
SKT Average Weekly Movement2.6%
Retail REITs Industry Average Movement2.4%
Market Average Movement6.2%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: SKT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: SKT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981386Steve Yalofwww.tangeroutlets.com

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies.

Tanger Inc. Fundamentals Summary

How do Tanger's earnings and revenue compare to its market cap?
SKT fundamental statistics
Market capUS$4.20b
Earnings (TTM)US$94.87m
Revenue (TTM)US$522.82m

42.8x

P/E Ratio

7.8x

P/S Ratio

Is SKT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SKT income statement (TTM)
RevenueUS$522.82m
Cost of RevenueUS$134.66m
Gross ProfitUS$388.15m
Other ExpensesUS$293.29m
EarningsUS$94.87m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.86
Gross Margin74.24%
Net Profit Margin18.15%
Debt/Equity Ratio241.0%

How did SKT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

49%

Payout Ratio