SKT Stock - Tanger Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $526.06M | $464.41M | $442.61M | $426.52M | $389.99M |
| Gross Profit | $367.33M | $318.86M | $298.68M | $285.79M | $252.86M |
| Gross Margin | 69.8% | 68.7% | 67.5% | 67.0% | 64.8% |
| Operating Income | $150.62M | $133.84M | $115.24M | $109.96M | N/A |
| Net Income | $98.59M | $99.15M | $82.06M | $9.12M | $-36,278,000 |
| Net Margin | 18.7% | 21.4% | 18.5% | 2.1% | -9.3% |
| EPS | $0.89 | $0.94 | $0.37 | $-0.51 | $-1.10 |
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 19th 2025 | Citigroup | Downgrade | Neutral | $35 |
| July 18th 2025 | Ladenburg Thalmann | Initiation | Buy | $35 |
| July 2nd 2025 | Barclays | Initiation | Equal Weight | $33 |
| March 28th 2025 | Goldman | Upgrade | Buy | $40← $39 |
| January 28th 2025 | BMO Capital Markets | Initiation | Market Perform | $36 |
| December 17th 2024 | Deutsche Bank | Initiation | Hold | $37 |
| November 11th 2024 | BofA Securities | Upgrade | Buy | $40← $35 |
| May 17th 2024 | Scotiabank | Upgrade | Sector Perform | $28← $20 |
| May 2nd 2024 | Compass Point | Upgrade | Buy | $32← $31 |
| April 5th 2024 | BofA Securities | Upgrade | Neutral | $31← $24 |
| March 22nd 2024 | Citigroup | Upgrade | Buy | $33← $30 |
| December 18th 2023 | JP Morgan | Upgrade | Overweight | $29← $27 |
| November 8th 2023 | Compass Point | Downgrade | Neutral | $26 |
| October 12th 2023 | JP Morgan | Upgrade | Neutral | $25← $24 |
| August 16th 2023 | Goldman | Downgrade | Neutral | $26 |
Earnings History & Surprises
SKTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $0.59 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.58 | $0.60 | +3.4% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.56 | $0.58 | +3.6% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $0.53 | $0.53 | 0.0% | = MET |
Q1 2025 | Feb 19, 2025 | $0.52 | $0.54 | +3.8% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.53 | $0.54 | +1.9% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.52 | $0.53 | +1.9% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.51 | $0.52 | +2.0% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.49 | $0.52 | +6.1% | ✓ BEAT |
Q4 2023 | Nov 6, 2023 | $0.47 | $0.50 | +6.4% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.45 | $0.47 | +4.4% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.44 | $0.46 | +4.5% | ✓ BEAT |
Q1 2023 | Feb 21, 2023 | $0.45 | $0.47 | +4.4% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.43 | $0.47 | +9.3% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.42 | $0.45 | +7.1% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.40 | $0.45 | +12.5% | ✓ BEAT |
Q1 2022 | Feb 17, 2022 | $0.41 | $0.45 | +9.8% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.05 | $0.47 | +840.0% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.21 | $0.43 | +104.8% | ✓ BEAT |
Latest News
Tanger Raises FY2025 FFO Guidance from $2.24-$2.31 to $2.28-$2.32 vs $2.28 Est
📈 PositiveTanger Q3 FFO $0.60 Beats $0.59 Estimate, Sales $145.208M Beat $137.243M Estimate
📈 PositiveEvercore ISI Group Maintains In-Line on Tanger, Raises Price Target to $36
📈 PositiveTanger Acquires Kansas' Only Open-Air Outlet Center Legends Outlets For $130M; Estimates 8% Return From Legends In First Year; To Rename Legends As Tanger Kansas City
📈 PositiveEvercore ISI Group Maintains In-Line on Tanger, Raises Price Target to $35
📈 PositiveFrequently Asked Questions about SKT
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