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Tanger(NYSE) SKT

Market Cap$4.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1993)+3,899%
5 Year+187%
1 Year+20%
1 Month-6%
Premium Feature
Moneyball Superscore
73/100
$38.92
+1.83%
+0.70Today
After hours$38.93+$0.01 (+0.03%)
Tanger last closing stock price
MetricPriceDate
Last closeUSD 38.952026-08-24
Tanger stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.41%USD 38.412026-08-17
1 month-6.39%USD 41.612026-07-24
3 month+9.24%USD 35.662026-05-26
Year to date+19.69%USD 32.542025-12-31
1 year+20.31%USD 32.372025-08-22
3 year+93.16%USD 20.162023-08-25
5 year+186.85%USD 13.582021-08-25
Since inception+3,899.37%USD 0.961993-05-28

Tanger Financials at a Glance

Market Cap

$4.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$612.31M

Net Income (TTM)

$128.35M

EPS (TTM)

$1.09

P/E Ratio

35.68

Dividend

$1.21

Beta (Volatility)

0.91 (Low)

Price

$38.92

Volume

1,334,279

Open

$38.43

Previous Close

$38.95

Daily Range

$38.01 - $38.97

52-Week Range

$31.13 - $42.53

Estimated Earnings Date

Nov 3, 2026

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About Tanger

Tanger Inc. rents space to brands in outdoor shopping centers. These centers help people find popular products at discounted prices. The company manages dozens of large retail properties across North America.

Where Brands and Shoppers Meet

  • Consolidated Outlet Centers: 31 wholly owned shopping properties that focus on brand-name retail sales.
  • Open-Air Lifestyle Centers: Four large retail complexes designed for outdoor shopping and entertainment.
  • Unconsolidated Joint Ventures: Partial ownership in six centers across the United States and Canada.
  • Management Services: Operations and marketing for one third-party retail property in Florida.

Strategic Moves and New Sites

  • Acquired a shopping center in Cleveland, Ohio, during February 2025.
  • Purchased a large retail property in Kansas City, Kansas, in September 2025.
  • Expanded into Toledo, Ohio, by acquiring a new center in May 2026.
  • Issued $250 million in exchangeable notes during January 2026 to manage debt.

Financial Flexibility and Portfolio Strength

The company maintains a highly unencumbered portfolio. About 95% of the gross book value of its real estate is mortgage-free as of June 30, 2026. This flexibility allows for easier access to unsecured credit and public debt markets.

Tanger by the Numbers

  • Net income rose to $34.6 million for the three-month period ended June 30, 2026.
  • Funds from operations reached $147.5 million during the first half of 2026.
  • Rental revenues rose by $29.1 million during the first half of 2026.
  • Portfolio occupancy remained stable at 96.6% as of June 30, 2026.
  • The company paid a quarterly cash dividend of $0.31 per share in May 2026.

Bottom Line

Tanger has shifted from a traditional outlet operator to a broader manager of open-air retail and lifestyle destinations. Its focus on acquiring strategic assets and maintaining a low-debt balance sheet supports its long-term operational stability.

AI Generated • Aug 6, 2026

Industry

Retail REITs

Employees

407

CEO

Stephen J. Yalof

Headquarters

Greensboro, NC 27408-7612, US

SKT Financials

Key Financial Metrics (TTM)

Gross Margin

69.54%

Operating Margin

30.20%

Net Income Margin

20.96%

Return on Equity

18.64%

Return on Capital

7.32%

Return on Assets

4.49%

Earnings Yield

2.80%

Dividend Yield

3.11%

Payout Ratio

1.07%

Stock Overview

Market Cap

$4.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

114.88M

Volume

1.33M

Avg. Volume

1.03M

Financials (TTM)

Gross Profit

$425.80M

Operating Income

$184.93M

EBITDA

$360.18M

Operating Cash Flow

$301.06M

Capital Expenditure

-$85.19M

Free Cash Flow

$215.86M

Cash & ST Invst.

$196.88M

Total Debt

$1.86B

Tanger Performance Analysis

Tanger annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 442,613,0002.8%
20232023-12-31USD 464,407,0004.9%
20242024-12-31USD 526,063,00013.3%
20252025-12-31USD 581,562,00010.5%
Tanger sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-303.2%
Q42025-12-3110.4%
Q12026-03-31-6.2%
Q22026-06-304.0%
Tanger annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.77843.1%
20232023-12-31USD 0.9219.6%
20242024-12-31USD 0.88-4.4%
20252025-12-31USD 0.9912.9%
Tanger sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-307.7%
Q42025-12-313.6%
Q12026-03-31-17.2%
Q22026-06-3020.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$156.39M

+11.2%

Gross Profit

$110.92M

+10.6%

Gross Margin

70.92%

N/A

Market Cap

$4.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$10.99M

N/A

Employees

407

N/A

Net Income

$34.60M

+15.0%

EBITDA

$92.15M

+9.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$196.88M

+1921.1%

Total Debt

$1.86B

+15.6%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$1.86B

+22.6%

Short Term Debt

$0.00

-100.0%

Return on Assets

4.49%

N/A

Return on Invested Capital

6.72%

N/A

Free Cash Flow

$72.66M

-9.5%

Operating Cash Flow

$91.34M

+11.4%

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Questions About SKT

What is the current price of Tanger?

Tanger is trading at $38.95 per share.

What is the 52-week range for Tanger?

Over the past 52 weeks, Tanger has traded between $31.13 and $42.53.

How much debt does Tanger have?

As of the most recent reporting period, Tanger reported total debt of $1.95B.

How much cash does Tanger have on hand?

Tanger reported $207.89M in cash and cash equivalents in its most recent financial results.

What is Tanger’s dividend yield?

Tanger currently has a dividend yield of 3.11%.

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