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.
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.
Tanger Factory Outlet Centers (NYSE: SKT) announced the promotion of Leslie Swanson to Chief Operating Officer and the appointment of Andrew Wingrove as Chief Commercial Officer. Swanson will oversee operations, marketing partnerships, and specialty leasing, while focusing on creating new revenue streams. Wingrove brings 15 years of experience from brands like CLEAR and Delta to enhance customer experience and loyalty. The leadership changes aim to strengthen Tanger's market position amid evolving retail dynamics.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) reported a strong turnout during the recent Black Friday weekend, highlighting a significant rebound in shopper traffic compared to last year. With double-digit increases in visitation, Tanger outlets experienced filled parking lots and positive retailer responses. The brand showcased exclusive holiday deals and a festive shopping environment, offering a curated selection of trendy items and enhanced gift card options. The marketing strategy emphasizes immediate satisfaction for shoppers seeking bargains on brand-name products, making Tanger a go-to destination for the holiday shopping season.
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Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is partnering with The Elf on the Shelf for a festive holiday scavenger hunt at its U.S. centers from Nov. 8 to Dec. 24, 2021. This interactive experience aims to engage families during the peak holiday shopping season, encouraging visits to their locations. Guests can purchase scavenger hunt booklets online or at center services, unlocking a mission involving hidden Scout Elves and prizes. The initiative seeks to enhance the shopping experience by combining holiday fun with outlet shopping, positioning Tanger Outlets as a top family destination this season.
Tanger Factory Outlet Centers (NYSE: SKT) announced its Q3 financial results, showing a net loss of $0.11 per share amid strong leasing activity. Occupancy rose to 94.3%, with tenant sales reaching $448 per square foot, a 13% increase from 2019. The Company reported a Core FFO of $0.47 per share, up from $0.44 year-over-year. The balance sheet remains strong, with net debt to EBITDA at 5.3x. A dividend increase to $0.73 per share was also declared. However, a $33.8 million loss from early debt extinguishment affected profits.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announces the return of its Tanger Pink campaign aimed at combating breast cancer, contributing approximately $18 million since 1994. This initiative promotes early detection and provides support for women diagnosed with breast cancer. Throughout October, shoppers can donate to receive a Tanger Pink Card for 25% off at participating stores, benefitting the Breast Cancer Research Foundation. The company has donated about $4 million to BCRF and will continue to support breast cancer research through various programs.
Tanger Factory Outlet Centers (NYSE:SKT) announced a 2.8% increase in its annual dividend to $0.73 per share, up from $0.71. The quarterly cash dividend of $0.1825 per share is payable on November 15, 2021, to shareholders on record as of October 29, 2021. Tanger operates upscale open-air outlet centers, with 36 properties across 20 states and Canada, totaling approximately 13.6 million square feet and hosting over 2,500 stores.
Tanger Factory Outlet Centers (NYSE: SKT) will participate in the BofA Securities 2021 Global Real Estate Conference on September 21, 2021. The presentation by President and CEO Stephen Yalof is set for 10:30 AM Eastern Time. Interested parties can tune in via a live audio webcast at investors.tangeroutlets.com. A replay will be available until September 30, 2021.
Tanger operates 36 outlet centers across 20 states and Canada, encompassing approximately 13.6 million square feet and over 2,500 stores from more than 500 brands.
Tanger Factory Outlet Centers (NYSE: SKT) will announce its financial results for the quarter ended September 30, 2021, on November 1, 2021, post-market. A conference call for analysts and investors is scheduled for November 2, 2021, at 8:00 a.m. ET. Interested participants can join the call by dialing 1-877-605-1702, and a live audio webcast will be available on the company's Investor Relations website. A replay will also be accessible from November 2 until November 16, 2021.