How Investors Are Reacting To Tanger (SKT) Boosting Guidance After Strong Q2 Results and Dividend Announcement

• Tanger Inc. recently reported strong second quarter 2025 results, with revenue rising to US$140.69 million and net income reaching US$30.09 million, both higher than a year earlier, along with an increase in earnings guidance for the year.
• A key takeaway is that the company’s efforts to boost occupancy and optimize marketing contributed to a higher same center net operating income and reflect management’s confidence in future performance through a dividend announcement.
• We’ll explore how the increase in full-year earnings guidance shapes Tanger’s investment narrative and outlook for continued growth.

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Tanger Investment Narrative Recap

Owning Tanger means buying into the story of sustained occupancy gains, robust leasing and marketing that drive both traffic and overall center performance. While the strong Q2 results, with revenue and net income climbing alongside increased earnings guidance, reinforce confidence in management’s approach, they do not materially change the primary short-term catalyst, the ability to keep occupancy rates high as tenant shifts continue. The biggest risk remains the potential for vacancies from tenant turnover and remerchandising, which could pressure near-term revenue and operating income if not managed carefully.

Among recent announcements, the raised full-year earnings guidance for 2025 stands out as particularly relevant. By increasing its projected diluted net income per share to a range of US$0.93 to US$1.00, Tanger gives investors a direct signal of momentum and intent to deliver on its operational improvements, supporting the belief in continued growth from leasing and occupancy gains.

However, investors should be aware that despite these positive signals, periods of tenant turnover or unsuccessful remerchandising could still result in...

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

Tanger's outlook forecasts $610.4 million in revenue and $125.4 million in earnings by 2028. This assumes a 3.6% annual revenue growth rate and a $30.9 million increase in earnings from the current $94.5 million.

Uncover how Tanger's forecasts yield a $34.45 fair value, a 7% upside to its current price.

Exploring Other Perspectives

Fair value estimates from the Simply Wall St Community range from US$16.94 to US$37.16 across 3 perspectives. With occupancy levels key to Tanger’s outlook, these differing views highlight why investors weigh the risks of tenant churn so closely.

Explore 3 other fair value estimates on Tanger - why the stock might be worth 48% less 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 2 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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