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.
Moderate growth potential and slightly overvalued.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SKT underperformed the US REITs industry which returned -7.9% over the past year.
Return vs Market: SKT underperformed the US Market which returned 15.9% 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
1 month ago | Simply Wall StHave Insiders Been Buying Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Shares This Year?
4 months ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Tanger Factory Outlet Centers, Inc. (NYSE:SKT)
4 months ago | Simply Wall StTanger Factory Outlet Centers, Inc. (NYSE:SKT): What Does Its Beta Value Mean For Your Portfolio?
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 ($6.53) is trading below our estimate of fair value ($22.51)
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 (1.8x) compared to the US REITs industry average (1.4x).
How is Tanger Factory Outlet Centers forecast to perform in the next 1 to 3 years based on estimates from 3 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 (2.2%).
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 is expected to decline over the next 3 years (-4.7% per year).
High Growth Revenue: SKT's revenue is forecast to decline over the next 3 years (-4.7% 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 23.6% 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 (3%).
Return on Equity
High ROE: SKT has a negative Return on Equity (-0.35%), 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 ($701.1M) exceed its short term liabilities ($94.4M).
Long Term Liabilities: SKT's short term assets ($701.1M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: SKT's debt to equity ratio (625.2%) is considered high.
Reducing Debt: SKT's debt to equity ratio has increased from 277.9% to 625.2% over the past 5 years.
Debt Coverage: SKT's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: SKT is unprofitable, therefore interest payments are not well covered by earnings.
What is Tanger Factory Outlet Centers's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SKT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SKT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SKT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SKT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Tanger (71 yo)
Mr. Steven B. Tanger, also known as Steve, serves as a Director of Tanger Factory Outlet Centers, Inc. since May 13, 1993 and serves as its Chief Executive Officer since January 1, 2009. He also served as ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD6.57M) is above average for companies of similar size in the US market ($USD3.14M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|CEO & Director||11.58yrs||US$6.57m||2.59% |
|Executive VP & CFO||4.25yrs||US$1.68m||0.10% |
|Executive VP||8.67yrs||US$2.06m||0.11% |
|Executive Vice President of Leasing||19.25yrs||US$989.73k||0.056% |
|President||0.083yr||no data||0.42% |
|VP, Chief Accounting Officer & Controller||3.25yrs||no data||0.040% |
|Vice President of Investor Relations||no data||no data||no data|
|Vice President of Corporate Communications & Enterprise Risk Management||no data||no data||no data|
|Senior VP||8.58yrs||US$370.07k||0.066% |
|Vice President of Human Resources||13.25yrs||no data||no data|
|Senior Vice President of Construction & Development||6.25yrs||no data||0.040% |
|Senior VP of Finance & Treasurer and Assistant Secretary||9.25yrs||no data||0.037% |
Experienced Management: SKT's management team is seasoned and experienced (8.6 years average tenure).
|CEO & Director||11.58yrs||US$6.57m||2.59% |
|President||0.083yr||no data||0.42% |
|Independent Director||10.08yrs||US$276.81k||0.058% |
|Independent Director||6.08yrs||US$267.43k||0.0021% |
|Independent Non-Executive Chair of the Board||1.25yrs||US$283.06k||0.050% |
|Independent Director||11.58yrs||US$257.43k||0.076% |
|Independent Director||2.08yrs||US$233.25k||no data|
|Independent Director||1.08yrs||US$25.44k||no data|
Experienced Board: SKT's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
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: SKT
- Exchange: NYSE
- Founded: 1981
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$632.565m
- Market Cap: US$585.097m
- Shares outstanding: 98.38m
- 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|
|SKT.PRCC||NYSE (New York Stock Exchange)||PFD C||US||USD||Nov 2005|
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 u ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/05 00:10|
|End of Day Share Price||2020/08/04 00:00|