SKT - Tanger Factory Outlet Centers Inc Stock Price, Fair Value and News

28.93USD+1.11 (+3.99%)Market Closed

Market Summary

USD28.93+1.11

Market Closed

3.99%

SKT Alerts

1 major insider sales recently.

SKT Stock Price

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SKT RSI Chart

SKT Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

30.86

Price/Sales (Trailing)

6.98

EV/EBITDA

20.08

Price/Free Cashflow

13.46

SKT Price/Sales (Trailing)

SKT Profitability

EBT Margin

20.63%

Return on Equity

17.68%

Return on Assets

4.45%

Free Cashflow Yield

7.43%

SKT Fundamentals

SKT Revenue

Revenue (TTM)

453.3M

Rev. Growth (Yr)

13.24%

Rev. Growth (Qtr)

21%

SKT Earnings

Earnings (TTM)

102.5M

Earnings Growth (Yr)

-4.79%

Earnings Growth (Qtr)

-20.71%

Breaking Down SKT Revenue

Last 7 days

2.8%

Last 30 days

8.1%

Last 90 days

8.0%

Trailing 12 Months

49.3%

How does SKT drawdown profile look like?

SKT Financial Health

Debt/Equity

2.54

Debt/Cashflow

0.16

SKT Investor Care

Dividend Yield

3.35%

Dividend/Share (TTM)

0.97

Shares Dilution (1Y)

3.97%

Diluted EPS (TTM)

0.91

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	453.3M	0	0	0
2023	421.5M	426.3M	432.2M	438.9M
2022	415.9M	420.5M	419.5M	421.4M
2021	370.1M	409.1M	421.3M	407.8M
2020	452.6M	402.4M	387.6M	377.9M
2019	480.0M	475.9M	470.6M	463.9M
2018	476.6M	478.0M	479.4M	480.7M
2017	3.3M	2.6M	238.9M	475.3M
2016	5.3M	4.9M	4.4M	3.8M
2015	4.3M	5.3M	5.3M	5.4M
2014	3.2M	3.3M	3.5M	3.6M
2013	0	0	0	3.1M
2012	0	0	0	2.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Tanger Factory Outlet Centers Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	skerritt susan e	sold	-260,740	27.7	-9,413	-
Mar 15, 2024	stein justin c	sold (taxes)	-53,060	28.42	-1,867	evp, leasing
Mar 15, 2024	yalof stephen	sold (taxes)	-342,006	28.42	-12,034	president & ceo
Mar 15, 2024	bilerman michael j	sold (taxes)	-179,103	28.42	-6,302	see remarks
Mar 15, 2024	swanson gallardo leslie	sold (taxes)	-85,061	28.42	-2,993	evp, chief operating officer
Mar 15, 2024	guerrieri thomas joseph jr	sold (taxes)	-32,427	28.42	-1,141	svp, cao
Mar 12, 2024	guerrieri thomas joseph jr	sold	-87,810	29.27	-3,000	svp, cao
Feb 29, 2024	skerritt susan e	back to issuer	-94,703	28.62	-3,309	-
Feb 29, 2024	skerritt susan e	sold	-94,703	28.62	-3,309	-
Feb 26, 2024	swanson gallardo leslie	sold (taxes)	-264,056	28.78	-9,175	evp, chief operating officer

Which funds bought or sold SKT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	Chiron Investment Management, LLC	new	-	86,552	86,552	0.04%
May 13, 2024	NOMURA ASSET MANAGEMENT CO LTD	added	4.24	384,287	3,863,650	0.01%
May 13, 2024	O'SHAUGHNESSY ASSET MANAGEMENT, LLC	reduced	-1.52	90,535	1,933,610	0.02%
May 13, 2024	BANK OF MONTREAL /CAN/	added	6.25	47,481	452,419	-%
May 13, 2024	NEUBERGER BERMAN GROUP LLC	reduced	-28.14	-2,078,740	6,785,650	0.01%
May 13, 2024	Handelsbanken Fonder AB	unchanged	-	41,000	669,000	-%
May 13, 2024	Pathstone Holdings, LLC	reduced	-1.23	38,724	781,325	-%
May 13, 2024	EAM Investors, LLC	sold off	-100	-4,013,360	-	-%
May 13, 2024	WOLVERINE ASSET MANAGEMENT LLC	sold off	-100	-376,631	-	-%
May 13, 2024	STRS OHIO	reduced	-10.53	-27,000	552,000	-%

Are Funds Buying or Selling SKT?

Are funds buying SKT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SKT

No. of Funds

SKT Alerts

1 major insider sales recently.

Unveiling Tanger Factory Outlet Centers Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	16.00%	16,848,211	SC 13G/A
Jan 29, 2024	state street corp	6.31%	6,643,009	SC 13G/A
Jan 19, 2024	blackrock inc.	18.3%	19,654,127	SC 13G/A
Feb 09, 2023	vanguard group inc	16.09%	16,785,960	SC 13G/A
Feb 07, 2023	state street corp	6.20%	6,471,877	SC 13G/A
Jan 23, 2023	blackrock inc.	18.0%	18,770,386	SC 13G/A
Feb 14, 2022	state street corp	5.34%	5,551,704	SC 13G/A
Feb 10, 2022	vanguard group inc	16.19%	16,839,838	SC 13G/A
Jan 27, 2022	blackrock inc.	18.0%	18,684,681	SC 13G/A
Jan 26, 2022	blackrock inc.	18.0%	18,684,681	SC 13G

Recent SEC filings of Tanger Factory Outlet Centers Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4/A	Insider Trading
May 08, 2024	144	Notice of Insider Sale Intent
May 01, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 15, 2024	8-K	Current Report
Apr 04, 2024	ARS	ARS
Apr 04, 2024	DEF 14A	DEF 14A
Apr 04, 2024	DEFA14A	DEFA14A
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to Tanger Factory Outlet Centers Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	87.3B	11.2B	4.33%	-4.35%	44.23	7.79	3.63%	50.79%
CCI	43.9B	6.8B	4.46%	-11.31%	31.48	6.41	-2.39%	-16.60%
AVB	28.1B	2.8B	7.43%	10.51%	29.39	10	5.72%	-6.47%
ARE	21.7B	3.0B	1.77%	2.64%	110.46	7.34	10.44%	-73.79%
AMH	13.2B	-	1.43%	3.35%	31.29	8.14	8.93%	11.87%
REG	11.0B	1.4B	2.15%	1.05%	29.55	8.07	10.48%	-2.93%
BXP	10.1B	3.3B	5.68%	30.42%	52.33	3.04	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	2.70%	11.40%	35.64	7.39	5.48%	-38.69%
MAC	3.6B	878.0M	2.67%	73.06%	-10.41	4.06	2.35%	-290.60%
SLG	3.5B	892.3M	6.93%	156.64%	-6.93	3.98	-5.33%	-307.54%
SMALL-CAP
AAT	1.4B	444.1M	8.71%	19.22%	20.03	3.1	3.54%	8.91%
AIV	1.2B	198.2M	0.74%	-2.97%	-7.45	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	1.03%	7.02%	36.14	1.7	27.93%	140.31%
NYMT	568.3M	285.4M	-10.74%	-35.97%	-4.12	1.99	11.05%	83.70%
IVR	451.6M	277.2M	9.21%	-14.35%	-55.08	1.63	25.89%	94.64%

Tanger Factory Outlet Centers Inc News

Latest updates

Tanger Factory Outlet Centers Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	21.0%	123	102	117	111	109	95.00	111	106	109	93.00	112	101	101	107	100	62.00	109	117	115	112	120
Operating Expenses	-7.1%	89.00	96.00	81.00	77.00	76.00	92.00	79.00	78.00	78.00	90.00	79.00	75.00	80.00	129	14.00	68.00	126	154	14.00	84.00	86.00
S&GA Expenses	-100.0%	-	21.00	19.00	18.00	17.00	-51.91	17.00	19.00	15.00	-47.03	15.00	16.00	17.00	-34.94	11.00	12.00	13.00	-14.13	0.00	16.00	12.00
EBITDA Margin	0.2%	0.51*	0.51*	0.58*	0.57*	0.57*	0.56*	0.53*	0.45*	0.42*	0.40*	0.46*	0.49*	-	-	-	-	-	-	-	-	-
Interest Expenses	180.2%	14.00	-17.89	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	13.00	13.00	14.00	41.00	16.00	3.00	15.00	-1.59	4.00	15.00	4.00
Earnings Before Taxes	-8.2%	21.00	23.00	26.00	24.00	23.00	17.00	22.00	19.00	19.00	12.00	-13.33	-0.13	3.00	-2.34	14.00	-20.91	-29.65	-14.61	22.00	13.00	64.00
EBT Margin	-5.3%	0.21*	0.22*	0.21*	0.20*	0.19*	0.18*	0.17*	0.09*	0.04*	0.00*	-0.03*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	-20.7%	22.00	28.00	28.00	24.00	24.00	18.00	23.00	20.00	21.00	14.00	-10.58	2.00	4.00	0.00	13.00	-22.69	-26.88	-11.75	24.00	14.00	62.00
Net Income Margin	-4.2%	0.23*	0.24*	0.22*	0.21*	0.20*	0.19*	0.18*	0.10*	0.06*	0.02*	-0.01*	0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-59.8%	31.00	77.00	53.00	73.00	26.00	91.00	34.00	70.00	19.00	74.00	52.00	60.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.0%	2,301	2,323	2,205	2,196	2,185	2,218	2,158	2,155	2,134	2,157	2,149	2,131	2,259	463	2,185	458	456	2,285	2,324	2,344	2,353
Cash Equivalents	-36.3%	8.00	13.00	188	213	203	17.00	181	194	153	161	143	108	202	85.00	20.00	339	600	17.00	5.00	7.00	2.00
Liabilities	-0.7%	1,721	1,733	1,693	1,688	1,679	1,704	1,642	1,643	1,624	1,658	1,669	342	343	1,831	375	2,233	2,443	385	1,826	1,827	1,850
Long Term Debt	2.3%	1,472	1,439	1,427	1,427	1,428	1,428	1,395	1,396	1,397	1,397	1,411	1,369	1,543	1,568	1,568	1,966	2,168	1,570	1,572	1,586	1,583
Shareholder's Equity	2.3%	580	567	491	508	506	492	516	513	511	500	480	523	483	359	349	330	348	456	498	517	503
Additional Paid-In Capital	-0.6%	1,073	1,079	993	986	984	987	985	982	979	978	975	966	913	787	784	781	778	775	772	778	781
Shares Outstanding	0.5%	109	109	105	105	105	104	104	104	104	104	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,274	-	-	-	1,452	-	-	-	1,914	-	-	-	653	-	-	-	1,489	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-59.8%	31,081	77,402	53,194	73,345	25,574	91,219	33,666	70,221	18,854	73,768	52,345	60,329	31,276	72,786	77,744	-13,065	27,282	61,420	66,250	59,553	33,168
Share Based Compensation	0.7%	3,497	3,471	3,388	3,381	2,271	3,004	3,006	4,251	2,708	3,150	2,994	2,763	3,845	2,951	2,347	3,430	3,789	3,749	3,572	6,981	3,818
Cashflow From Investing	91.8%	-26,299	-322,422	-52,102	-33,164	-1,873	-67,446	-23,276	-4,755	-3,340	-20,811	-5,937	1,292	2,717	-6,484	4,534	-10,444	-6,377	-8,654	-8,388	-10,942	127,273
Cashflow From Financing	-113.5%	-9,336	69,046	-25,676	-29,637	-33,011	7,661	-23,806	-24,104	-23,914	-34,772	-10,846	-155,717	82,956	-1,248	-401,059	-238,187	562,901	-40,834	-60,559	-42,842	-167,898
Dividend Payments	-7.8%	29,572	32,068	25,839	25,836	24,623	23,017	20,939	20,940	19,315	19,038	18,510	17,951	16,924	3,499	-3,499	37,028	33,034	34,794	38,520	31,723	34,645
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	-

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SKT Income Statement

2024-03-31

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental revenues	$ 117,809	$ 103,582
Management, leasing and other services	2,278	1,914
Other revenues	3,284	3,447
Total revenues	123,371	108,943
Expenses:
Property operating	35,465	33,148
General and administrative	19,490	17,434
Depreciation and amortization	33,860	25,893
Total expenses	88,815	76,475
Other income (expense):
Interest expense	(14,353)	(12,343)
Other income (expense)	587	2,800
Total other income (expense)	(13,766)	(9,543)
Income before equity in earnings of unconsolidated joint ventures	20,790	22,925
Equity in earnings of unconsolidated joint ventures	2,516	1,935
Net income	23,306	24,860
Noncontrolling interests in Operating Partnership	(973)	(1,071)
Noncontrolling interests in other consolidated partnerships	80	(248)
Net income attributable to Tanger Inc.	$ 22,413	$ 23,541
Basic earnings per common share/unit
Net income (in dollars per unit)	$ 0.20	$ 0.22
Diluted earnings per common share/unit
Net income (in dollars per unit)	$ 0.20	$ 0.22

SKT Balance Sheet

2024-03-31

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Rental property:
Land	$ 303,605	$ 303,605
Buildings, improvements and fixtures	2,944,077	2,938,434
Construction in progress	39,249	29,201
Rental property, at cost, total	3,286,931	3,271,240
Accumulated depreciation	(1,347,011)	(1,318,264)
Total rental property, net	1,939,920	1,952,976
Cash and cash equivalents	8,137	12,778
Short-term investments	7,739	9,187
Investments in unconsolidated joint ventures	71,701	71,900
Deferred lease costs and other intangibles, net	86,436	91,269
Operating lease right-of-use assets	77,082	77,400
Prepaids and other assets	110,151	108,609
Total assets	2,301,166	2,324,119
Debt:
Senior, unsecured notes, net	1,040,310	1,039,840
Unsecured term loan, net	322,537	322,322
Mortgages payable, net	62,772	64,041
Unsecured lines of credit	46,000	13,000
Total debt	1,471,619	1,439,203
Accounts payable and accrued expenses	77,922	118,505
Operating lease liabilities	85,757	86,076
Other liabilities	86,145	89,022
Total liabilities	1,721,443	1,732,806
Commitments and contingencies
Tanger Inc.:
Common shares, $0.01 par value, 300,000,000 shares authorized, 109,366,452 and 108,793,251 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	1,094	1,088
Paid in capital	1,073,313	1,079,387
Accumulated distributions in excess of net income	(497,330)	(490,171)
Accumulated other comprehensive loss	(21,280)	(23,519)
Equity attributable to Tanger Inc.	555,797	566,785
Noncontrolling interests in Operating Partnership	23,926	24,528
Noncontrolling interests in other consolidated partnerships	0	0
Total equity	579,723	591,313
Total liabilities and equity	$ 2,301,166	$ 2,324,119

About Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended June 30, 2023.

CEO	Mr. Stephen J. Yalof
WEBSITE	tangeroutlets.com
INDUSTRY	REIT Mortgage
EMPLOYEES	341

Tanger Factory Outlet Centers Inc Frequently Asked Questions

What is the ticker symbol for Tanger Factory Outlet Centers Inc? What does SKT stand for in stocks?

SKT is the stock ticker symbol of Tanger Factory Outlet Centers Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tanger Factory Outlet Centers Inc (SKT)?

As of Tue May 14 2024, market cap of Tanger Factory Outlet Centers Inc is 3.16 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SKT stock?

You can check SKT's fair value in chart for subscribers.

What is the fair value of SKT stock?

You can check SKT's fair value in chart for subscribers. The fair value of Tanger Factory Outlet Centers Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Tanger Factory Outlet Centers Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SKT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Tanger Factory Outlet Centers Inc a good stock to buy?

The fair value guage provides a quick view whether SKT is over valued or under valued. Whether Tanger Factory Outlet Centers Inc is cheap or expensive depends on the assumptions which impact Tanger Factory Outlet Centers Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SKT.

What is Tanger Factory Outlet Centers Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, SKT's PE ratio (Price to Earnings) is 30.86 and Price to Sales (PS) ratio is 6.98. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SKT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Tanger Factory Outlet Centers Inc's stock?

In the past 10 years, Tanger Factory Outlet Centers Inc has provided 0.023 (multiply by 100 for percentage) rate of return.