Welcome to our dedicated page for TANGER news (Ticker: SKT), a resource for investors and traders seeking the latest updates and insights on TANGER stock.
Tanger Inc. (NYSE: SKT) is a real estate investment trust that owns and operates outlet and open-air retail shopping destinations in the United States and Canada. The SKT news feed on Stock Titan aggregates company announcements, earnings releases, capital markets transactions, portfolio updates, and other disclosures that Tanger distributes through press releases and SEC filings.
Recent news has included quarterly and year-to-date financial results, detailed operating metrics, and guidance updates. Tanger regularly reports on occupancy levels, leasing activity, same center net operating income, tenant sales per square foot, and Funds From Operations, giving investors insight into the performance of its outlet and open-air centers. Earnings releases are typically accompanied by conference call information and references to supplemental data made available through the company’s investor channels.
Tanger’s news flow also covers balance sheet and financing actions. Examples include unsecured term loan facilities, amendments and refinancings of property-level mortgages, and the issuance of exchangeable senior notes due 2031 through its operating partnership, Tanger Properties Limited Partnership. The company has described how proceeds from these financings are used to repay unsecured lines of credit, address upcoming debt maturities, and support general corporate purposes.
Portfolio activity is another key theme in SKT news. Tanger has announced acquisitions of open-air centers, such as Legends Outlets in Kansas City, Kansas, and the sale of a non-core center in Howell, Michigan. These updates provide context on how the company is expanding and refining its network of outlet and open-air lifestyle centers. Dividend declarations, including the per-share amount and payment dates, are also disclosed through regular press releases.
Investors who follow SKT news can monitor Tanger’s operating trends, capital allocation decisions, and portfolio evolution over time. Bookmarking this page provides a centralized view of the company’s official communications as they are released.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that CEO Stephen Yalof will present at the Nareit's REITweek 2022 Investor Conference on June 8 at 11:45 AM Eastern. Investors can access a live audio webcast and subsequent replay on the company's Investor Relations website until June 15. Tanger operates 36 outlet centers across 20 states and Canada, covering approximately 13.6 million square feet of retail space leased to over 2,600 stores from more than 600 brand names. The company has over 41 years of experience in the outlet industry.
Tanger Factory Outlet Centers (NYSE: SKT) has broken ground on a new open-air shopping center in Nashville, scheduled to open in fall 2023. The 290,000-square-foot facility will feature over 70 brands and create approximately 1,100 jobs upon completion. Positioned on a 32-acre site, it aims to serve as a community hub, emphasizing local culture and partnerships. Tanger has committed to philanthropic efforts, including a donation to Friends of Mill Ridge Park. This center marks Tanger's third location in Tennessee, expanding its reach in the retail market.
Tanger Factory Outlet Centers (NYSE:SKT) reported strong financial and operational results for Q1 2022, including a net income of $0.19 per share and FFO of $0.45 per share. Occupancy rose to 94.3%, up from 92.0% year-over-year. Blended rent spreads turned positive, with tenant sales increasing 18.1% to $464 per square foot. The company raised its earnings guidance for 2022, estimating diluted net income per share between $0.69 and $0.77, and FFO per share between $1.71 and $1.79. Additionally, a 9.6% increase in the annual dividend was approved.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced a 9.6% increase in its annual dividend from $0.73 to $0.80 per share. The Board declared a quarterly cash dividend of $0.20 per share, payable on May 13, 2022, to shareholders on record as of April 29, 2022. This dividend increase highlights the company’s commitment to returning value to its shareholders and reflects confidence in its ongoing performance.
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Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced its financial results for the quarter ending March 31, 2022, will be released on May 5, 2022, after market close. A conference call for analysts and investors is scheduled for May 6, 2022, at 8:30 a.m. ET. Listeners can join by dialing 1-877-605-1702. A live audio webcast will also be available on the company's Investor Relations website. A telephone replay will be accessible from May 6, 2022, to May 20, 2022, using the provided dial-in information.
Volta Inc. (NYSE: VLTA) and Tanger Factory Outlet Centers (NYSE: SKT) announced a partnership to install EV charging stations across nine U.S. markets. This collaboration aligns with Tanger's sustainability goals and enhances Volta's expansion strategy, unlocking two new geographies. The deployment includes a mix of DC Fast and L2 charging solutions, aiming to provide reliable charging that caters to Tanger's shoppers. Volta's network, recognized for high utilization, also allows for advertising, potentially boosting customer engagement and retail traffic.
Tanger Outlets has launched the 2022 TangerKids Grants Program, inviting community leaders to identify local educational needs. Building on previous donations exceeding $3.1 million over 26 years, Tanger aims for a more inclusive approach by allowing customers to help direct grants. In 2021, they awarded $150,000 across various programs, with 45% enhancing inclusive classroom initiatives. For 2022, 55% of grants will focus on underserved schools. Applications are open until June 30, with recipients announced in August during TangerKIDS Day.
Tanger Factory Outlet Centers (NYSE: SKT) will participate in the Citi Global Property CEO Conference on March 7-8, 2022. The presentation will be led by Stephen Yalof, President and CEO, on March 7, 2022, at 5:00 PM Eastern time. Investors can access a live audio webcast at investors.tangeroutlet.com, with a replay available until March 18, 2022. Tanger operates a portfolio of 36 outlet centers across 20 states and Canada, totaling approximately 13.6 million square feet leased to over 2,700 stores.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) reported strong financial results for Q4 and the full year 2021. Net income available to common shareholders increased to $0.12 per share, with total tenant sales reaching $468 per square foot, an all-time high. Occupancy rose to 95.3%, up 310 basis points year over year. Funds From Operations (FFO) was $0.45 per share, though down from $0.54 in 2020. The company expects 2022 diluted net income per share between $0.66 and $0.74, with Same Center NOI growth projected at 1.5% to 3.5%. A quarterly dividend of $0.1825 per share was declared.