Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. More Details
Average dividend payer with moderate growth potential.
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: SKT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SKT's weekly volatility (8%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SKT exceeded the US REITs industry which returned 40.9% over the past year.
Return vs Market: SKT exceeded the US Market which returned 50.5% over the past year.
Long-Term 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
1 week ago | Simply Wall StThe Tanger Factory Outlet Centers (NYSE:SKT) Share Price Has Gained 172%, So Why Not Pay It Some Attention?
2 months ago | Simply Wall StHow Much Are Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Insiders Taking Off The Table?
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: SKT ($16.57) is trading below our estimate of fair value ($31.72)
Significantly Below Fair Value: SKT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: SKT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SKT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SKT is overvalued based on its PB Ratio (3.6x) compared to the US REITs industry average (1.8x).
How is Tanger Factory Outlet Centers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: SKT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SKT's is expected to become profitable in the next 3 years.
Revenue vs Market: SKT's revenue (1% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: SKT's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SKT's Return on Equity is forecast to be high in 3 years time
How has Tanger Factory Outlet Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKT is currently unprofitable.
Growing Profit Margin: SKT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SKT is unprofitable, and losses have increased over the past 5 years at a rate of 52.3% per year.
Accelerating Growth: Unable to compare SKT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SKT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-10.5%).
Return on Equity
High ROE: SKT has a negative Return on Equity (-1.15%), as it is currently unprofitable.
How is Tanger Factory Outlet Centers's financial position?
Financial Position Analysis
Short Term Liabilities: SKT's short term assets ($301.0M) exceed its short term liabilities ($119.5M).
Long Term Liabilities: SKT's short term assets ($301.0M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: SKT's debt to equity ratio (318.6%) is considered high.
Reducing Debt: SKT's debt to equity ratio has increased from 240.1% to 318.6% over the past 5 years.
Debt Coverage: SKT's debt is not well covered by operating cash flow (11%).
Interest Coverage: SKT is unprofitable, therefore interest payments are not well covered by earnings.
What is Tanger Factory Outlet Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SKT's dividend (4.28%) is higher than the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: SKT's dividend (4.28%) is in the top 25% of dividend payers in the US market (3.42%)
Stability and Growth of Payments
Stable Dividend: SKT's dividend payments have been volatile in the past 10 years.
Growing Dividend: SKT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), SKT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SKT's dividends in 3 years are forecast to be covered by earnings (55.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Yalof (57 yo)
Mr. Stephen J. Yalof, also known as Steve, serves as Chief Executive Officer at Tanger Factory Outlet Centers, Inc. since January 1, 2021, serves as its President since April 10, 2020 and served as its Chi...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD5.80M) is above average for companies of similar size in the US market ($USD3.78M).
Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.
Experienced Management: SKT's management team is seasoned and experienced (5 years average tenure).
Experienced Board: SKT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SKT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.3%.
Tanger Factory Outlet Centers, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Tanger Factory Outlet Centers, Inc.
- Ticker: SKT
- Exchange: NYSE
- Founded: 1981
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.750b
- Market Cap: US$1.670b
- Shares outstanding: 105.60m
- Website: https://www.tangeroutlets.com
Number of Employees
- Tanger Factory Outlet Centers, Inc.
- 3200 Northline Avenue
- Suite 360
- North Carolina
- United States
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating p...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/15 22:14|
|End of Day Share Price||2021/05/14 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.