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Tanger (NYSE: SKT) has announced its expanded partnership with Sephora, adding five new stores in its shopping centers by the end of the year. These stores will be located in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz., each averaging 5,000 square feet. This expansion aligns with Tanger's strategy to diversify its portfolio beyond apparel and footwear, enhancing its beauty and wellness offerings to attract younger and more affluent shoppers. Tanger has leased nearly 200,000 square feet of new brands since January 2023, aiming to evolve its centers into multifaceted destinations.
Tanger (NYSE: SKT) has published its 2023 Environmental, Social, and Governance (ESG) Report, highlighting significant achievements and future goals. In 2023, Tanger increased renewable energy production through onsite solar infrastructure, expanded biodiversity initiatives, and introduced electric vehicle charging at over 90% of its centers. The company launched Employee Resource Groups focusing on Women, LGBTQ+, and People of Color. Additionally, $138,000 was raised for breast cancer awareness and $170,000 for local schools. Governance improvements included increased female executive representation and enhanced investment community engagement. Tanger aims for net zero carbon emissions by 2050 and plans for a detailed roadmap in 2024. The full report aligns with leading sustainability frameworks and is available on their investor relations website.
SK Telecom (NYSE:SKM) has launched its AI-powered veterinary diagnostic service, X Caliber, in Australia in collaboration with ATX Medical Solutions. X Caliber can analyze X-ray images of pets within 15 seconds and does not require local server installation. The service boasts a sensitivity of 86-94% across various types of X-rays. The launch follows successful beta tests and will be available to over 100 veterinary clinics in Australia. Additionally, SK Telecom has signed a commercial contract with MEDIVET Pet Hospital & Clinic in Indonesia to introduce X Caliber. SK Telecom is also providing beta services in North America, Europe, and Asia, aiming for a global market expansion.
Tanger (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced its participation in Nareit's REITweek 2024 Investor Conference from June 4 to June 6, 2024. Stephen Yalof, President and CEO, along with Michael Bilerman, EVP, CFO, and CIO, will engage in an analyst-led Q&A session on June 4 at 10:15 a.m. ET.
A live audio-only webcast will be available at investors.tanger.com, and a replay will be accessible at the same site until June 14, 2024. The company's current management presentation can also be viewed online.
Tanger (NYSE: SKT) announced it will release its financial results for the second quarter of 2024 on August 1, 2024, after market close. A conference call for analysts, investors, and other interested parties will be held on August 2, 2024, at 8:30 a.m. Eastern Time. The call can be accessed by dialing 1-877-605-1702, and a live audio webcast will be available on Tanger's Investor Relations website. A telephone replay will be accessible from August 2 to August 16, 2024, by dialing 1-877-660-6853, replay access code #13746825. An online archive of the webcast will also be available through August 16, 2024.
Tanger reported strong first-quarter results with a 9th consecutive quarter of positive rent spreads. They raised full-year 2024 guidance and increased dividends by 6%. Operating metrics improved, and leasing activity was robust. Balance sheet and liquidity metrics strengthened, and guidance for 2024 was increased.
