Did Strong Q3 Results and Upgraded Outlook Just Shift Tanger's (SKT) Investment Narrative?

• Tanger Inc. reported third-quarter 2025 results showing increased revenue to US$145.21 million and net income of US$32.03 million, and also raised its full-year diluted earnings outlook.
• The earnings announcement highlighted ongoing year-over-year growth for the company, despite some analyst caution and recent insider share sales.
• To understand what this means for Tanger, we'll examine how the strong quarterly earnings growth could impact the company's investment narrative.

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Tanger Investment Narrative Recap

To be a shareholder in Tanger, you need to believe that value-focused shoppers and limited new retail supply will keep outlet centers relevant, supporting rising rents and occupancy. The recent strong quarterly results and raised earnings outlook are encouraging, but they likely do not materially change the main short-term catalyst: sustained consumer demand for outlet shopping, or the biggest immediate risk, which remains tenant concentration and store closures.

Among recent announcements, Tanger’s board affirmed its latest quarterly dividend of US$0.2925 per share. This recurring dividend supports the company’s income appeal, underlining management’s confidence in cash flows, though continued tenant stability remains essential to maintain this track record.

But with recent insider selling highlighting possible caution, investors should not overlook concerns around concentrated tenant exposure and the risk that...

Read the full narrative on Tanger (it's free!)

Tanger's narrative projects $617.1 million in revenue and $132.6 million in earnings by 2028. This requires a 3.2% yearly revenue growth and a $32.9 million increase in earnings from the current $99.7 million.

Uncover how Tanger's forecasts yield a $35.55 fair value, in line with its current price.

Exploring Other Perspectives

Community members’ fair value estimates for Tanger range widely from US$16.94 to US$39.92 across three different perspectives. While some see upside, the ongoing risk of retail tenant bankruptcies could weigh on Tanger’s earnings, consider all sides before deciding.

Explore 3 other fair value estimates on Tanger - why the stock might be worth as much as 15% more than the current price!

Build Your Own Tanger Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Tanger research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Tanger research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Tanger's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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