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. operates as a publicly traded REIT focused on outlet and open-air retail shopping destinations in the United States and Canada. Company news commonly covers portfolio leasing, tenant sales trends, remerchandising activity, occupancy drivers, and the performance of its outlet centers and open-air lifestyle centers.
Recurring updates also address quarterly operating results, same-center net operating income, dividend declarations, balance sheet capacity, unsecured financing activity, and capital allocation. Governance-related announcements include board leadership and transparency matters, reflecting Tanger’s status as a listed REIT with a portfolio of retail properties serving brand-name tenants and shoppers across tourist destinations and regional markets.
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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.
SK Telecom (NYSE:SKM) and Joby Aviation (NYSE:JOBY) have announced a partnership to launch emissions-free aerial ridesharing services in South Korea. SKT CEO Ryu Young-sang and Joby CEO JoeBen Bevirt signed a strategic collaboration agreement in Marina, California. This partnership aligns with South Korea's 'K-UAM' Roadmap for Urban Air Mobility, aiming to introduce a five-seat eVTOL aircraft with a range of 150 miles and a top speed of 200 mph. The integration of SK's T Map mobility platform with Joby's services is expected to enhance urban transportation.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that its 2021 dividend distributions will be categorized as a 100% return of capital. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions. Key dividend details include record dates and payable dates for quarterly payments, with total distributions per share amounting to $0.7150. Each dividend for the year will contribute $0.0000 to ordinary income for shareholders, indicating no taxable dividend income reported for 2021.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declared a cash dividend of $0.1825 per share. This dividend will be payable on February 15, 2022, to shareholders on record as of January 31, 2022. Tanger operates 36 upscale open-air outlet centers across 20 states and Canada, totaling approximately 13.6 million square feet. The company has over 41 years of experience in the outlet industry, leasing to more than 2,500 stores featuring over 500 brand name companies.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced its financial results for Q4 and the year ended December 31, 2021, set for release on February 17, 2022, post market close. A conference call for analysts and investors will follow on February 18, 2022, at 8:30 a.m. ET. Interested parties can join the call by dialing 1-877-605-1702 or accessing a live audio webcast on Tanger's Investor Relations website. The call replay will be available from February 18 until March 4, 2022.