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Tanger Inc. logo

Tanger Inc.

SKT

NYSEReal EstateREIT - Retail

Open in GoAI

Previous close

$38.22

−$0.01 · -0.03%

Aug 21, 4:00 PM ET

Pre-market

$38.39

+$0.17 · +0.44%

Aug 24, 7:36 AM ET

SKT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

45

Fair Value

Momentum

49

Neutral

Sentiment

68

Bullish

Risk resilience

72

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Tanger Inc. (NYSE: SKT) stands as a prominent owner and operator of outlet and open-air retail shopping destinations, leveraging over 43 years of extensive expertise within the retail and outlet sectors. Its expansive portfolio comprises 38 outlet centers, an adjacent managed facility, and an open-air lifestyle complex, collectively encompassing more than 15 million square feet. These properties are strategically situated in key tourist destinations and vibrant markets across 20 U.S. states and Canada. As a publicly traded Real Estate Investment Trust (REIT) since 1993, Tanger continually innovates the retail experience for its patrons, featuring over 3,000 stores powered by more than 700 distinct brand-name companies.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
Stephen J. Yalof
Listed since
May 28, 1993
Employees
407

Market position

Day range

Current $38.22

52-week range

Current $38.22

Open
$38.38
Previous close
$38.23
Volume
504.6K
0.52× average
Average volume
964.09K
Average daily volume
Market cap
4.39B USD
Beta
1.09
Market reference 1
50-day average
$39.9994
-4.45% below average
200-day average
$36.0922
+5.90% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.44B USD
P/E (TTM)
34.43×
P/B (TTM)
6.49×
P/S (TTM)
7.17×
EV / EBITDA
16.18×
Earnings yield
3.04%
Free cash flow yield
7.83%
Dividend yield
3.17%

Profitability & efficiency

Gross margin
69.54%
Operating margin
30.20%
Net margin
20.96%
Return on equity
16.25%
Return on assets
4.32%
Return on invested capital
6.95%

Financial health

Debt / equity
2.76×
Current ratio
0.3×
Altman Z-score
1.44
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends77%50%22%-5%Gross margin, FY2021: 67.00%Gross margin, FY2022: 67.48%Gross margin, FY2023: 68.66%Gross margin, FY2024: 69.83%Gross margin, FY2025: 69.65%Operating margin, FY2021: 25.78%Operating margin, FY2022: 26.04%Operating margin, FY2023: 28.82%Operating margin, FY2024: 28.63%Operating margin, FY2025: 30.15%Net margin, FY2021: 2.14%Net margin, FY2022: 18.54%Net margin, FY2023: 21.35%Net margin, FY2024: 18.74%Net margin, FY2025: 19.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 67.00%. Gross margin FY2022 67.48%. Gross margin FY2023 68.66%. Gross margin FY2024 69.83%. Gross margin FY2025 69.65%. Operating margin FY2021 25.78%. Operating margin FY2022 26.04%. Operating margin FY2023 28.82%. Operating margin FY2024 28.63%. Operating margin FY2025 30.15%. Net margin FY2021 2.14%. Net margin FY2022 18.54%. Net margin FY2023 21.35%. Net margin FY2024 18.74%. Net margin FY2025 19.74%.

Income trends

Revenue

581.56M USD+10.55%

Operating income

175.36M USD+16.42%

Net income

114.78M USD+16.41%
Income trends across reported periods638.81M USD409.83M USD180.85M USD−48.13M USDRevenue, FY2021: 426.53M USDRevenue, FY2022: 442.61M USDRevenue, FY2023: 464.41M USDRevenue, FY2024: 526.06M USDRevenue, FY2025: 581.56M USDOperating income, FY2021: 109.96M USDOperating income, FY2022: 115.24M USDOperating income, FY2023: 133.84M USDOperating income, FY2024: 150.62M USDOperating income, FY2025: 175.36M USDNet income, FY2021: 9.12M USDNet income, FY2022: 82.06M USDNet income, FY2023: 99.15M USDNet income, FY2024: 98.6M USDNet income, FY2025: 114.78M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 426.53M USD. Revenue FY2022 442.61M USD. Revenue FY2023 464.41M USD. Revenue FY2024 526.06M USD. Revenue FY2025 581.56M USD. Operating income FY2021 109.96M USD. Operating income FY2022 115.24M USD. Operating income FY2023 133.84M USD. Operating income FY2024 150.62M USD. Operating income FY2025 175.36M USD. Net income FY2021 9.12M USD. Net income FY2022 82.06M USD. Net income FY2023 99.15M USD. Net income FY2024 98.6M USD. Net income FY2025 114.78M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue581.56M USD526.06M USD464.41M USD442.61M USD426.53M USD
Cost of goods sold176.5M USD158.73M USD145.55M USD143.94M USD140.74M USD
Gross profit405.06M USD367.33M USD318.86M USD298.68M USD285.79M USD
Selling, general, and administrative78.72M USD78.02M USD76.13M USD71.53M USD65.82M USD
Operating expenses229.7M USD216.71M USD185.02M USD183.44M USD175.83M USD
Interest expense65.86M USD60.64M USD47.93M USD46.97M USD52.87M USD
Depreciation and amortization150.98M USD138.69M USD108.89M USD111.9M USD110.01M USD
Operating income175.36M USD150.62M USD133.84M USD115.24M USD109.96M USD
Net income114.78M USD98.6M USD99.15M USD82.06M USD9.12M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+10.34%
11 comparable reports
Latest EPS result
0.29
Estimate 0.25 · Beat by 14.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.330.270.210.14Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 0.24, estimate 0.19, surprise +26.32%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.17, estimate 0.213, surprise -20.23%, Miss. Q3 2025, reported Aug 4, 2025: actual 0.27, estimate 0.217, surprise +24.25%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.28, estimate 0.247, surprise +13.41%, Beat. Q1 2026, reported Feb 24, 2026: actual 0.29, estimate 0.256, surprise +13.10%, Beat. Q2 2026, reported Apr 30, 2026: actual 0.25, estimate 0.227, surprise +10.38%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.29, estimate 0.252, surprise +14.94%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.28, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates156.99M145.09M133.2M121.3MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 132.17M USD, estimate 129.31M USD, surprise +2.21%, Beat. Q2 2025, reported Apr 30, 2025: actual 129.29M USD, estimate 127.34M USD, surprise +1.53%, Beat. Q3 2025, reported Aug 4, 2025: actual 133.44M USD, estimate 131.49M USD, surprise +1.48%, Beat. Q4 2025, reported Nov 4, 2025: actual 137.23M USD, estimate 136.97M USD, surprise +0.19%, Beat. Q1 2026, reported Feb 24, 2026: actual 150.95M USD, estimate 143.07M USD, surprise +5.51%, Beat. Q2 2026, reported Apr 30, 2026: actual 143.54M USD, estimate 142.94M USD, surprise +0.42%, Beat. Q3 2026, reported Aug 4, 2026: actual 148.27M USD, estimate 142.58M USD, surprise +4.00%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 148.1M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$40.17

5.10% upside
Past 12 months12-month forecastHigh $42.00Average $40.17Low $37.00

Rating distribution

21 ratings
Strong buy00%
Buy524%
Hold1571%
Sell15%
Strong sell00%

Recent analyst actions

11 institutions
Deutsche BankmaintainHold
BMO CapitalmaintainMarket Perform
Ladenburg ThalmannmaintainBuy

SKT news

businesswire.com

Tanger's Renovation of Tanger Outlets Foley to Include Reimagined Restaurant and Entertainment Experience

FOLEY, Ala.--(BUSINESS WIRE)-- #foodandbeverage--Tanger has secured Shake Shack as part of a reimagined restaurant and entertainment experience at Tanger Outlets Foley in southern Alabama.

Read source
marketbeat.com

Tanger Q2 Earnings Call Highlights

Tanger NYSE: SKT raised its full-year 2026 outlook after reporting second-quarter growth in funds from operations, same-center net operating income and tenant sales, supported by leasing activity, tourism, marketing…

Read source
zacks.com

Why Tanger (SKT) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?

Read source
youtube.com

Tanger CEO Yalof on Retail Traffic, Holiday Sales Outlook and AI

Tanger CEO Stephen Yalof says consumer spending has been strong amid the back-to-school shopping season. Speaking on "Bloomberg Open Interest," Yalof says the World Cup helped drive retail traffic and discusses the…

Read source
seekingalpha.com

Tanger Inc. (SKT) Q2 2026 Earnings Call Transcript

Tanger Inc. (SKT) Q2 2026 Earnings Call Transcript

Read source
cnbc.com

Tanger CEO says World Cup drove up traffic, sales this summer

Tanger CEO Stephen Yalof told CNBC that the company saw increased store traffic and sales this summer because of tourism for the World Cup. The company has shopping centers in eight of the 11 host cities for the…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.1525

2025 complete year+61.2% since 2021

2026 partial: $0.9175

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 31, 2026

$0.3125

Quarterly

Record Jul 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Apr 30, 2026

$0.3125

Quarterly

Record Apr 30, 2026 · Payment May 15, 2026

Dividend

Ex-dividend Jan 30, 2026

$0.2925

Quarterly

Record Jan 30, 2026 · Payment Feb 13, 2026

Dividend

Ex-dividend Oct 31, 2025

$0.2925

Quarterly

Record Oct 31, 2025 · Payment Nov 14, 2025

Dividend

Ex-dividend Jul 31, 2025

$0.2925

Quarterly

Record Jul 31, 2025 · Payment Aug 15, 2025

Dividend

Ex-dividend Apr 30, 2025

$0.2925

Quarterly

Record Apr 30, 2025 · Payment May 15, 2025

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ETFs holding SKT

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
268.52M
Weight
0.24%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
177.17M
Weight
0.24%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
141.69M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
109.38M
Weight
0.14%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
102.01M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
64.79M
Weight
0.09%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
53.8M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
41.24M
Weight
0.24%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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