Tanger Past Earnings Performance

Past criteria checks 5/6

Tanger has been growing earnings at an average annual rate of 14.8%, while the Retail REITs industry saw earnings growing at 10.1% annually. Revenues have been declining at an average rate of 1.4% per year. Tanger's return on equity is 17.6%, and it has net margins of 20.7%.

Key information

14.8%

Earnings growth rate

11.2%

EPS growth rate

Retail REITs Industry Growth	8.5%
Revenue growth rate	-1.4%
Return on equity	17.6%
Net Margin	20.7%
Next Earnings Update	30 Apr 2024

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How Tanger makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SKT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	473	98	97
30 Sep 23	461	93	95
30 Jun 23	455	89	91
31 Mar 23	451	84	91
31 Dec 22	451	81	89
30 Sep 22	447	79	88
30 Jun 22	448	44	88
31 Mar 22	444	25	84
31 Dec 21	435	8	86
30 Sep 21	435	-5	77
30 Jun 21	423	20	74
31 Mar 21	384	-6	69
31 Dec 20	394	-37	68
30 Sep 20	403	-49	74
30 Jun 20	421	-39	71
31 Mar 20	475	-3	76
31 Dec 19	486	87	75
30 Sep 19	491	118	75
30 Jun 19	495	73	78
31 Mar 19	500	82	72
31 Dec 18	503	42	71
30 Sep 18	503	54	72
30 Jun 18	501	61	72
31 Mar 18	501	67	73
31 Dec 17	490	67	73
30 Sep 17	494	59	74
30 Jun 17	493	143	75
31 Mar 17	486	187	74
31 Dec 16	480	192	75
30 Sep 16	468	275	73
30 Jun 16	462	250	74
31 Mar 16	457	202	74
31 Dec 15	451	209	74
30 Sep 15	446	119	72
30 Jun 15	437	98	71
31 Mar 15	431	92	70
31 Dec 14	428	72	70
30 Sep 14	425	77	67
30 Jun 14	424	107	65
31 Mar 14	411	105	64
31 Dec 13	396	106	63
30 Sep 13	382	103	62
30 Jun 13	365	65	61

Quality Earnings: SKT has high quality earnings.

Growing Profit Margin: SKT's current net profit margins (20.7%) are higher than last year (18%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SKT's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: SKT's earnings growth over the past year (20.7%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: SKT earnings growth over the past year (20.7%) exceeded the Retail REITs industry 3.4%.

Return on Equity

High ROE: SKT's Return on Equity (17.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Tanger Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Revenue & Expenses Breakdown
Beta