SKT Chart
About

Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 16 million square feet well positioned across tourist destinations and vibrant markets in 22 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 800 different brand name companies.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Retail Market Cap 4.07B
Enterprise Value 5.82B Income 106.92M Sales 575.14M
Book/sh 6.11 Cash/sh 0.12 Dividend Yield 3.29%
Payout 120.74% Employees 372 IPO —
P/E 37.83 Forward P/E 29.33 PEG —
P/S 7.08 P/B 5.82 P/C —
EV/EBITDA 18.87 EV/Sales 10.12 Quick Ratio 0.65
Current Ratio 1.72 Debt/Eq 232.93 LT Debt/Eq —
EPS (ttm) 0.94 EPS next Y 1.21 EPS Growth 27.30%
Revenue Growth 10.40% Earnings 2026-02-24 ROA 4.57%
ROE 16.95% ROIC — Gross Margin 73.54%
Oper. Margin 33.40% Profit Margin 18.74% Shs Outstand 114.51M
Shs Float 112.47M Short Float 5.33% Short Ratio 3.80
Short Interest — 52W High 36.51 52W Low 28.69
Beta 1.17 Avg Volume 979.80K Volume 1.26M
Target Price $36.82 Recom None Prev Close $35.61
Price $35.56 Change -0.14%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.82
Mean price target
2. Current target
$35.56
Latest analyst target
3. DCF / Fair value
$30.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$35.56
Low
$34.00
High
$40.00
Mean
$36.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-14 main Scotiabank Sector Perform → Sector Perform $34
2025-11-19 down Citigroup Buy → Neutral $35
2025-11-18 main Barclays Equal-Weight → Equal-Weight $37
2025-10-17 main Evercore ISI Group In-Line → In-Line $36
2025-10-06 main Barclays Equal-Weight → Equal-Weight $35
2025-09-15 main Evercore ISI Group In-Line → In-Line $35
2025-08-27 main Barclays Equal-Weight → Equal-Weight $34
2025-07-18 init Ladenburg Thalmann — → Buy $35
2025-07-02 init Barclays — → Equal-Weight $33
2025-04-23 main Scotiabank Sector Perform → Sector Perform $33
2025-03-28 up Goldman Sachs Neutral → Buy $40
2025-01-28 init BMO Capital — → Market Perform $36
2024-12-17 init Deutsche Bank — → Hold $37
2024-11-15 main Goldman Sachs Neutral → Neutral $35
2024-11-13 main Citigroup Buy → Buy $41
2024-11-11 up B of A Securities Neutral → Buy $40
2024-11-07 main Evercore ISI Group In-Line → In-Line $33
2024-10-25 main Compass Point Buy → Buy $36
2024-10-11 main B of A Securities Neutral → Neutral $35
2024-09-16 main Evercore ISI Group In-Line → In-Line $31
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5207 — — Stock Award(Grant) at price 0.00 per share. MATHRANI SANDEEP LAKHMI Director — 2026-02-13 00:00:00 D
1 5207 — — Stock Award(Grant) at price 0.00 per share. RYAN BERMAN BRIDGET Director — 2026-02-13 00:00:00 D
2 5207 — — Stock Award(Grant) at price 0.00 per share. SYNGAL SONIA Director — 2026-02-13 00:00:00 D
3 5207 — — Stock Award(Grant) at price 0.00 per share. UBINAS LUIS ANTONIO Director — 2026-02-13 00:00:00 D
4 4092 — — Stock Award(Grant) at price 0.00 per share. GUERRIERI THOMAS JOSEPH JR. Officer — 2026-02-13 00:00:00 D
5 520 17500.0 — Stock Award(Grant) at price 33.61 per share. CITRIN JEFFREY B Director — 2026-02-13 00:00:00 D
6 5207 — — Stock Award(Grant) at price 0.00 per share. SKERRITT SUSAN E. Director — 2026-02-13 00:00:00 D
7 5900 — — Stock Gift at price 0.00 per share. RYAN BERMAN BRIDGET Director — 2025-12-02 00:00:00 D
8 517 17500.0 — Stock Award(Grant) at price 33.82 per share. CITRIN JEFFREY B Director — 2025-11-14 00:00:00 D
9 17500 607950.0 — Sale at price 34.74 per share. SWANSON GALLARDO LESLIE A Chief Operating Officer — 2025-09-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00616.14K-14.81M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA302.09M260.70M241.77M227.28M
TotalUnusualItems0.000.002.93M-54.85M
TotalUnusualItemsExcludingGoodwill0.000.002.93M-54.85M
NetIncomeFromContinuingOperationNetMinorityInterest98.59M99.15M82.06M9.12M
ReconciledDepreciation138.69M108.89M111.90M110.01M
ReconciledCostOfRevenue158.73M145.55M143.94M140.74M
EBITDA302.09M260.70M244.70M172.43M
EBIT163.40M151.81M132.80M62.42M
NetInterestIncome-60.64M-47.93M-46.97M-52.87M
InterestExpense60.64M47.93M46.97M52.87M
NormalizedIncome98.59M99.15M79.75M49.16M
NetIncomeFromContinuingAndDiscontinuedOperation98.59M99.15M82.06M9.12M
TotalExpenses375.44M330.57M327.37M316.56M
DilutedAverageShares111.08M106.53M105.64M101.98M
BasicAverageShares109.26M104.68M103.69M100.42M
DilutedEPS0.880.920.770.08
BasicEPS0.890.940.780.08
DilutedNIAvailtoComStockholders97.67M97.97M81.19M8.31M
NetIncomeCommonStockholders97.67M97.97M81.19M8.31M
OtherunderPreferredStockDividend920.00K1.19M869.00K804.00K
NetIncome98.59M99.15M82.06M9.12M
MinorityInterests-4.17M-4.73M-3.77M-440.00K
NetIncomeIncludingNoncontrollingInterests102.76M103.88M85.83M9.56M
NetIncomeContinuousOperations102.76M103.88M85.83M9.56M
PretaxIncome102.76M103.88M85.83M9.56M
OtherIncomeExpense12.77M17.97M17.56M-47.54M
OtherNonOperatingIncomeExpenses1.48M9.73M6.03M-1.59M
SpecialIncomeCharges0.000.002.93M-54.85M
GainOnSaleOfPPE0.000.003.16M0.00
OtherSpecialCharges222.00K47.86M
WriteOff0.000.006.99M
EarningsFromEquityInterest11.29M8.24M8.59M8.90M
NetNonOperatingInterestIncomeExpense-60.64M-47.93M-46.97M-52.87M
InterestExpenseNonOperating60.64M47.93M46.97M52.87M
OperatingIncome150.62M133.84M115.24M109.96M
OperatingExpense216.71M185.02M183.44M175.82M
DepreciationAmortizationDepletionIncomeStatement138.69M108.89M111.90M110.01M
DepreciationAndAmortizationInIncomeStatement138.69M108.89M111.90M110.01M
SellingGeneralAndAdministration78.02M76.13M71.53M65.82M
GeneralAndAdministrativeExpense78.02M76.13M71.53M65.82M
OtherGandA78.02M76.13M71.53M65.82M
GrossProfit367.33M318.86M298.68M285.79M
CostOfRevenue158.73M145.55M143.94M140.74M
TotalRevenue526.06M464.41M442.61M426.52M
OperatingRevenue507.16M447.55M428.58M414.18M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber112.74M108.79M104.50M104.08M
ShareIssued112.74M108.79M104.50M104.08M
NetDebt1.38B1.43B1.22B1.24B
TotalDebt1.51B1.53B1.52B1.49B
TangibleBookValue668.90M574.45M522.17M494.44M
InvestedCapital2.08B2.01B1.92B1.88B
WorkingCapital-60.78M-109.54M159.83M68.26M
NetTangibleAssets668.90M574.45M522.17M494.44M
CapitalLeaseObligations84.50M86.08M87.53M88.87M
CommonStockEquity652.37M566.78M491.64M477.93M
TotalCapitalization2.08B1.99B1.92B1.88B
TotalEquityGrossMinorityInterest679.67M591.31M513.93M499.79M
MinorityInterest27.30M24.53M22.29M21.86M
StockholdersEquity652.37M566.78M491.64M477.93M
GainsLossesNotAffectingRetainedEarnings-27.69M-23.52M-11.04M-17.76M
OtherEquityAdjustments-27.69M-23.52M-11.04M-17.76M
RetainedEarnings-511.82M-490.17M-485.56M-483.41M
AdditionalPaidInCapital1.19B1.08B987.19M978.05M
CapitalStock1.13M1.09M1.04M1.04M
CommonStock1.13M1.09M1.04M1.04M
TotalLiabilitiesNetMinorityInterest1.70B1.73B1.70B1.66B
TotalNonCurrentLiabilitiesNetMinorityInterest1.59B1.60B1.60B1.56B
OtherNonCurrentLiabilities85.48M89.02M82.97M78.65M
LongTermDebtAndCapitalLeaseObligation1.51B1.51B1.52B1.49B
LongTermCapitalLeaseObligation84.50M86.08M87.53M88.87M
LongTermDebt1.42B1.43B1.43B1.40B
CurrentLiabilities107.78M131.50M104.74M93.00M
CurrentDebtAndCapitalLeaseObligation13.00M
CurrentDebt13.00M
LineOfCredit0.0013.00M0.000.00
PayablesAndAccruedExpenses107.78M118.50M104.74M93.00M
TotalAssets2.38B2.32B2.22B2.16B
TotalNonCurrentAssets2.33B2.30B1.95B2.00B
OtherNonCurrentAssets127.37M108.61M111.16M104.58M
NonCurrentDeferredAssets101.56M98.93M89.10M90.24M
InvestmentsAndAdvances65.67M71.90M73.81M82.65M
LongTermEquityInvestment65.67M71.90M73.81M82.65M
InvestmentsinJointVenturesatCost65.67M71.90M73.81M82.65M
InvestmentProperties1.98B1.95B1.63B1.66B
GoodwillAndOtherIntangibleAssets-16.53M-7.66M-30.53M-16.52M
OtherIntangibleAssets-16.53M-7.66M-30.53M-16.52M
NetPPE76.10M77.40M78.64M79.81M
GrossPPE76.10M77.40M78.64M79.81M
OtherProperties76.10M77.40M78.64M79.81M
CurrentAssets46.99M21.96M264.57M161.25M
PrepaidAssets104.58M
CashCashEquivalentsAndShortTermInvestments46.99M21.96M264.57M161.25M
OtherShortTermInvestments0.009.19M52.45M0.00
CashAndCashEquivalents46.99M12.78M212.12M161.25M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow260.68M229.61M213.96M217.72M
RepurchaseOfCapitalStock0.00
RepaymentOfDebt-280.13M-74.77M-4.44M-567.05M
IssuanceOfDebt262.00M83.00M36.56M394.21M
IssuanceOfCapitalStock113.80M88.44M0.00186.97M
EndCashPosition46.99M12.78M212.12M161.25M
BeginningCashPosition12.78M212.12M161.25M84.83M
EffectOfExchangeRateChanges-122.00K-115.00K-111.00K-177.00K
ChangesInCash34.34M-199.23M50.98M76.60M
FinancingCashFlow-48.34M-19.28M-64.16M-118.38M
CashFlowFromContinuingFinancingActivities-48.34M-19.28M-64.16M-118.38M
NetOtherFinancingCharges-25.08M-13.42M-12.16M-60.35M
ProceedsFromStockOptionExercised1.31M1.24M88.00K266.00K
CashDividendsPaid-120.24M-103.77M-84.21M-72.42M
CommonStockDividendPaid-120.24M-103.77M-84.21M-72.42M
NetCommonStockIssuance113.80M88.44M0.00186.97M
CommonStockPayments0.00
CommonStockIssuance113.80M88.44M0.00186.97M
NetIssuancePaymentsOfDebt-18.13M8.23M32.12M-172.84M
NetShortTermDebtIssuance13.00M0.000.00
ShortTermDebtPayments-70.00M0.000.00
ShortTermDebtIssuance83.00M0.000.00
NetLongTermDebtIssuance-18.13M8.23M32.12M-172.84M
LongTermDebtPayments-280.13M-74.77M-4.44M-567.05M
LongTermDebtIssuance262.00M83.00M36.56M394.21M
InvestingCashFlow-178.01M-409.56M-98.82M-22.74M
CashFlowFromContinuingInvestingActivities-178.01M-409.56M-98.82M-22.74M
NetOtherInvestingChanges-14.39M-9.54M6.82M1.75M
DividendsReceivedCFI3.77M7.18M12.04M19.57M
NetInvestmentPurchaseAndSale9.19M43.26M-52.45M0.00
SaleOfInvestment9.19M50.94M0.000.00
PurchaseOfInvestment0.00-7.68M-52.45M0.00
NetInvestmentPropertiesPurchaseAndSale-176.57M-447.88M-64.91M-37.06M
SaleOfInvestmentProperties0.000.0012.40M8.13M
PurchaseOfInvestmentProperties-176.57M-447.88M-77.31M-45.19M
NetBusinessPurchaseAndSale0.00-2.58M-313.00K-7.00M
PurchaseOfBusiness0.00-2.58M-313.00K-7.00M
OperatingCashFlow260.68M229.61M213.96M217.72M
CashFlowFromContinuingOperatingActivities260.68M229.61M213.96M217.72M
DividendReceivedCFO8.72M8.38M8.71M9.25M
ChangeInWorkingCapital5.00M-3.10M1.75M19.84M
ChangeInOtherCurrentAssets1.80M3.41M276.00K5.14M
ChangeInPayablesAndAccruedExpense3.20M-6.51M1.47M14.70M
OtherNonCashItems4.81M7.29M4.32M10.36M
StockBasedCompensation11.99M12.51M12.97M12.75M
AssetImpairmentCharge0.000.006.99M
DepreciationAmortizationDepletion138.69M108.89M111.90M110.01M
DepreciationAndAmortization138.69M108.89M111.90M110.01M
OperatingGainsLosses-11.29M-8.24M-11.53M38.96M
EarningsLossesFromEquityInvestments-11.29M-8.24M-8.59M-8.90M
NetIncomeFromContinuingOperations102.76M103.88M85.83M9.56M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SKT
Date User Asset Broker Type Position Size Entry Price Patterns