SKT Stock Overview
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including the newly opened Tanger Outlets Nashville.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Tanger Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.96 |
| 52 Week High | US$26.07 |
| 52 Week Low | US$17.22 |
| Beta | 1.77 |
| 1 Month Change | 10.69% |
| 3 Month Change | 8.05% |
| 1 Year Change | 28.07% |
| 3 Year Change | 151.36% |
| 5 Year Change | 3.18% |
| Change since IPO | 299.36% |
Recent News & Updates
Recent updates
After Fantastic Upside, Tanger Is No Longer On Sale (Rating Downgrade)
Nov 20Tanger Factory: A Quality 'Buy' At The Right Price
Sep 26Tanger Factory Outlet: Flush With Cash, 4.2% Dividend Yield, A Buy?
Jul 19Tanger Factory FFO of $0.47 beats by $0.02, revenue of $116.46M beats by $7.45M, guidance in-line
Feb 21Dividend Cut Risk For Tanger But SWAN With Simon
Jan 30Tanger Factory Outlet: 5 Reasons Why You Should Sell This REIT
Jan 16Simon Says, Sell Tanger Factory Outlets
Dec 19Tanger Factory: Secure A 4.5% Yield For Tough Times
Dec 07Tanger increases loan capacity by $25M, extends maturity
Oct 17Tanger Factory hikes dividend by 10% to $0.22
Oct 11Tanger Factory Outlet appoints Michael Bilerman as CFO, chief investment officer
Sep 19Tanger Factory Outlet narrows year core FFO guidance after Q2 revenue beat
Aug 08It's Tanger Time
Aug 02Buy Tanger Factory Outlet's Solid 5.5% Yield
Jul 11Tanger Factory Outlet: Continued Upside Exists Despite Its Meteoric Rise
Jul 01Tanger Factory: This 4.6% Yielding Trust Has Huge Potential
Apr 19Tanger Factory Outlet: Shop Until You Drop
Mar 23Tanger Factory Outlet Centers: A Diving 'SWAN' Comes Up For Air
Jan 10New Forecasts: Here's What Analysts Think The Future Holds For Tanger Factory Outlet Centers, Inc. (NYSE:SKT)
Nov 30
A Shocking Tanger Factory Outlet Centers Recovery
Nov 07Tanger: No Time To Build-A-Bear Case
Oct 15Tanger: A Gamble On The Recovery
Aug 05Tanger Factory Outlet Centers: Keep Chasing
Jun 28Shareholder Returns
| SKT | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | -0.9% | 2.1% | 0.5% |
| 1Y | 28.1% | -6.2% | 11.0% |
Return vs Industry: SKT exceeded the US Retail REITs industry which returned -7.8% over the past year.
Return vs Market: SKT exceeded the US Market which returned 10.4% over the past year.
Price Volatility
| SKT volatility | |
|---|---|
| SKT Average Weekly Movement | 4.0% |
| Retail REITs Industry Average Movement | 3.8% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: SKT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SKT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 472 | Steve Yalof | https://www.tangeroutlets.com |
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including the newly opened Tanger Outlets Nashville. Tanger's operating centers, which comprise over 14 million square feet, are located in 20 states and in Canada and are leased to over 2,900 stores operated by more than 700 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993.
Tanger Inc. Fundamentals Summary
| SKT fundamental statistics | |
|---|---|
| Market Cap | US$2.73b |
| Earnings (TTM) | US$93.17m |
| Revenue (TTM) | US$461.22m |
28.2x
P/E Ratio5.7x
P/S RatioIs SKT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SKT income statement (TTM) | |
|---|---|
| Revenue | US$461.22m |
| Cost of Revenue | US$122.18m |
| Gross Profit | US$339.05m |
| Other Expenses | US$245.87m |
| Earnings | US$93.17m |
Last Reported Earnings
Sep 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.88 |
| Gross Margin | 73.51% |
| Net Profit Margin | 20.20% |
| Debt/Equity Ratio | 278.4% |
How did SKT perform over the long term?
See historical performance and comparison