Tanger Future Growth

Future criteria checks 1/6

Tanger is forecast to grow earnings and revenue by 0.8% and 4.5% per annum respectively. EPS is expected to decline by 3.6% per annum. Return on equity is forecast to be 24.3% in 3 years.

Key information

0.8%

Earnings growth rate

-3.6%

EPS growth rate

Retail REITs earnings growth	4.5%
Revenue growth rate	4.5%
Future return on equity	24.3%
Analyst coverage	Low
Last updated	05 Apr 2024

Recent future growth updates

Recent updates

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

Earnings and Revenue Growth Forecasts

NYSE:SKT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	544	N/A	N/A	N/A	1
12/31/2025	518	99	74	N/A	4
12/31/2024	500	88	63	N/A	4
12/31/2023	473	98	219	230	N/A
9/30/2023	461	93	234	243	N/A
6/30/2023	455	89	218	224	N/A
3/31/2023	451	84	215	221	N/A
12/31/2022	451	81	207	214	N/A
9/30/2022	447	79	189	196	N/A
6/30/2022	448	44	209	215	N/A
3/31/2022	444	25	201	205	N/A
12/31/2021	435	8	215	218	N/A
9/30/2021	435	-5	215	217	N/A
6/30/2021	423	20	241	242	N/A
3/31/2021	384	-6	167	169	N/A
12/31/2020	394	-37	163	165	N/A
9/30/2020	403	-49	152	153	N/A
6/30/2020	421	-39	140	142	N/A
3/31/2020	475	-3	213	215	N/A
12/31/2019	486	87	219	220	N/A
9/30/2019	491	118	236	237	N/A
6/30/2019	495	73	235	236	N/A
3/31/2019	500	82	240	241	N/A
12/31/2018	503	42	257	258	N/A
9/30/2018	503	54	250	252	N/A
6/30/2018	501	61	256	258	N/A
3/31/2018	501	67	244	247	N/A
12/31/2017	490	67	244	253	N/A
9/30/2017	494	59	N/A	243	N/A
6/30/2017	493	143	N/A	245	N/A
3/31/2017	486	187	N/A	242	N/A
12/31/2016	480	192	N/A	239	N/A
9/30/2016	468	275	N/A	223	N/A
6/30/2016	462	250	N/A	225	N/A
3/31/2016	457	202	N/A	220	N/A
12/31/2015	451	209	N/A	221	N/A
9/30/2015	446	119	N/A	215	N/A
6/30/2015	437	98	N/A	205	N/A
3/31/2015	431	92	N/A	201	N/A
12/31/2014	428	72	N/A	189	N/A
9/30/2014	425	77	N/A	199	N/A
6/30/2014	424	107	N/A	196	N/A
3/31/2014	411	105	N/A	195	N/A
12/31/2013	396	106	N/A	187	N/A
9/30/2013	382	103	N/A	174	N/A
6/30/2013	365	65	N/A	158	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKT's forecast earnings growth (0.8% per year) is below the savings rate (2.3%).

Earnings vs Market: SKT's earnings (0.8% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: SKT's earnings are forecast to grow, but not significantly.

Revenue vs Market: SKT's revenue (4.5% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: SKT's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SKT's Return on Equity is forecast to be high in 3 years time (24.3%)

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Tanger Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 28%

Tanger Provides Earnings Guidance for the Year Ending December 31, 2024

Consensus EPS estimates increase by 18%

Consensus EPS estimates increase by 43%, revenue downgraded

Price target increased by 8.5% to US$19.71

Consensus EPS estimates fall by 11%, revenue upgraded

Recent updates

Upcoming dividend of US$0.28 per share

Tanger Factory Outlets: Still Growing While Beating 2020 Expectations

Fourth quarter dividend of US$0.28 announced

Tanger Inc. Approves Quarterly Cash Dividend, Payable on May 15, 2024

Tanger Inc., Annual General Meeting, May 17, 2024

Tanger: Sustained Growth With Desirable Locations

Tanger Inc. to Report Q1, 2024 Results on Apr 30, 2024

New minor risk - Shareholder dilution

Non-Executive Chair of the Board exercised options and sold US$1.8m worth of stock

Consensus EPS estimates increase by 28%

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Tanger Provides Earnings Guidance for the Year Ending December 31, 2024

Upcoming dividend of US$0.26 per share at 3.8% yield

New minor risk - Shareholder dilution

Third quarter dividend of US$0.26 announced

Tanger Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024

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

Tanger Inc. to Report Q4, 2023 Results on Feb 15, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Executive Chair of the Board notifies of intention to sell stock

Tanger Inc. has filed a Follow-on Equity Offering in the amount of $250 million.

Tanger Inc. (NYSE:SKT) acquired 825,000 square foot Bridge Street Town Centre in Huntsville, Alabama for approximately $190 million.

Executive Chair of the Board notifies of intention to sell stock

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

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) acquired Asheville Outlets for $70 million.

Consensus EPS estimates increase by 18%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Tanger Factory Outlet Centers, Inc. Announces Transition of Steven B. Tanger from Executive Chair of the Board of Directors to Non-Executive Chair, Effective January 1, 2024

Upcoming dividend of US$0.26 per share at 4.5% yield

Tanger® Outlets Approves 6.1% Increase in the Dividend on Its Common Shares, Payable on November 15, 2023

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

Tanger Factory Outlet Centers, Inc. Appoints Jessica K. Norman as EVP and General Counsel

Tanger Factory Outlet Centers, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Now 20% undervalued

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Upcoming dividend of US$0.24 per share at 4.1% yield

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

Tanger Factory Outlet Centers, Inc. Declares Cash Dividend, Payable on August 15, 2023

Tanger Outlets Announces Board Changes

Executive Chair of the Board notifies of intention to sell stock

Tanger Factory Outlet Centers, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Independent Director recently sold US$100k worth of stock

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announces an Equity Buyback for $100 million worth of its shares.

Independent Director notifies of intention to sell stock

Consensus EPS estimates increase by 43%, revenue downgraded

First quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.24 per share at 5.1% yield

Price target increased by 8.5% to US$19.71

Consensus EPS estimates fall by 11%, revenue upgraded

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

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

Executive Chair of the Board exercised options and sold US$1.8m worth of stock

Executive Chair of the Board notifies of intention to sell stock

Dividend Cut Risk For Tanger But SWAN With Simon

Tanger Factory Outlet Centers, Inc. Declares Quarterly Dividend, Payable on February 15, 2023

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

Tanger Factory Outlet Centers, Inc. Announces Resignation of Chad D. Perry as Executive Vice President, General Counsel and Secretary, Effective April 3, 2023

Tanger Factory Outlet Centers, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Simon Says, Sell Tanger Factory Outlets

Price target increased to US$18.17

Tanger Factory: Secure A 4.5% Yield For Tough Times

Executive Chair of the Board notifies of intention to sell stock

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.22 per share