company background image
SKT logo

Tanger NYSE:SKT Stock Report

Last Price

US$29.55

Market Cap

US$3.3b

7D

2.6%

1Y

55.0%

Updated

27 Mar, 2024

Data

Company Financials +

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.

SKT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health1/6
Dividends4/6

Tanger Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tanger
Historical stock prices
Current Share PriceUS$29.55
52 Week HighUS$29.98
52 Week LowUS$18.00
Beta1.78
1 Month Change2.43%
3 Month Change5.16%
1 Year Change54.96%
3 Year Change95.31%
5 Year Change46.14%
Change since IPO372.80%

Recent News & Updates

Tanger: Sustained Growth With Desirable Locations

Mar 27

Recent updates

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

Tanger Factory hikes dividend by 10% to $0.22

Oct 11

Tanger Factory Outlet appoints Michael Bilerman as CFO, chief investment officer

Sep 19

Tanger Factory Outlet narrows year core FFO guidance after Q2 revenue beat

Aug 08

It's Tanger Time

Aug 02

Buy Tanger Factory Outlet's Solid 5.5% Yield

Jul 11

Tanger Factory Outlet: Continued Upside Exists Despite Its Meteoric Rise

Jul 01

Tanger Factory: This 4.6% Yielding Trust Has Huge Potential

Apr 19

Shareholder Returns

SKTUS Retail REITsUS Market
7D2.6%-0.7%0.6%
1Y55.0%8.7%29.5%

Return vs Industry: SKT exceeded the US Retail REITs industry which returned 8.7% over the past year.

Return vs Market: SKT exceeded the US Market which returned 29.5% over the past year.

Price Volatility

Is SKT's price volatile compared to industry and market?
SKT volatility
SKT Average Weekly Movement3.1%
Retail REITs Industry Average Movement2.8%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

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

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

About the Company

FoundedEmployeesCEOWebsite
1981386Steve Yalofhttps://www.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$3.27b
Earnings (TTM)US$97.97m
Revenue (TTM)US$472.65m

32.9x

P/E Ratio

6.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SKT income statement (TTM)
RevenueUS$472.65m
Cost of RevenueUS$125.02m
Gross ProfitUS$347.63m
Other ExpensesUS$249.66m
EarningsUS$97.97m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)0.90
Gross Margin73.55%
Net Profit Margin20.73%
Debt/Equity Ratio243.9%

How did SKT perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

48%

Payout Ratio
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.