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 (NYSE: SKT) will participate in the Citi Global Property CEO Conference from March 9-11, 2021. CEO Stephen J. Yalof will present on March 11 at 7:30 AM Eastern time. Interested parties can access a live audio webcast at investors.tangeroutlets.com. A replay will be available until March 19, 2021. Tanger operates 37 outlet centers across 20 states and Canada, totaling 13.7 million square feet and housing over 2,600 stores.
Tanger Factory Outlet Centers (NYSE: SKT) reported its financial results for Q4 and the year ending December 31, 2020. In Q4, net income was $0.00 per share, recovering from a net loss of $0.13 per share in the prior year. Traffic improved to 90% of prior year levels, with rent collections at 95%. The company's liquidity remains strong with $684 million total liquidity. However, the full year net loss was $0.40 per share, impacted by $70.3 million in impairment charges due to COVID-19. The company plans to pay a cash dividend of $0.1775 per share on February 12, 2021.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced that it will release its financial results for the quarter ending December 31, 2020, on February 17, 2021, after market close. A conference call for analysts and investors will follow on February 18, 2021, at 8:00 a.m. ET. The call can be accessed at 1-844-492-3729, or through a live audio webcast on Tanger's Investor Relations website. A replay will be available from February 18 to March 4, 2021.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that its 2020 dividend distributions will be treated as 100% ordinary income for tax purposes. Shareholders received a total of $0.7125 per share in dividends for the year. The distributions were paid for two record dates: January 31 and April 30, 2020, with corresponding ex-dividend dates of January 30 and April 29, 2020. The company advises shareholders to consult their tax advisors regarding specific tax treatments of these distributions.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has declared a cash dividend of $0.1775 per share, payable on February 12, 2021, to shareholders of record on January 29, 2021. The announcement reflects the company's strong liquidity position, with over $80 million in cash and $600 million in undrawn lines of credit. This dividend aims to meet minimum taxable income distribution requirements for maintaining REIT status.
Tanger Factory Outlet Centers (NYSE:SKT) reported significant liquidity updates on January 11, 2021. As of January 6, liquidity surpassed $680 million, with over $80 million in cash and $600 million in unused credit lines. The company noted that rent collections exceeded 90% for Q4 2020, and traffic was at approximately 90% of prior year levels. Portfolio occupancy stood at 91.9% as of December 31, 2020, despite tenant bankruptcies. A voluntary early retirement plan was initiated, incurring a $2.3 million charge. CEO Stephen Yalof will discuss updates at the ICR Conference.
Tanger Factory Outlet Centers (NYSE: SKT) has announced that CEO Stephen Yalof will participate in a fireside chat at the 23rd Annual ICR Conference on January 11, 2021, starting at 10:30 am EST. A live webcast of the event will be accessible through their Investor Relations website. Tanger operates 38 outlet centers across 20 states and Canada, encompassing approximately 14.1 million square feet leased to over 2,700 stores.
Tanger Factory Outlets (NYSE: SKT) announced an executive succession plan effective January 1, 2021. Steven B. Tanger transitions to Executive Chair after 36 years, while Stephen Yalof takes over as CEO. Under Tanger's leadership, the company expanded from 7 centers to 38 in the U.S. and Canada, covering 14.1 million square feet. Yalof, previously President and COO, has extensive retail experience, including leading Simon Premium Outlets. The transition marks a strategic move to adapt to the evolving retail landscape.
Tanger Factory Outlet Centers (NYSE: SKT) has appointed Deanna Dancy as Vice President of Field Marketing, effective immediately. Dancy, who has over 25 years of experience in the real estate industry, previously served as Senior Vice President at Simon Property Group. Her role at Tanger will focus on developing marketing strategies to enhance traffic, sales, and profitability at Tanger locations through various promotional avenues. The company also announced seven internal promotions within its marketing and operations teams.
Tanger Factory Outlet Centers (NYSE: SKT) announced a partnership with Delivering Good to aid families in need this holiday season. They will sell limited edition "Goodness Gives" beanies at Tanger centers across the U.S. for $15, with $10 from each sale going to Delivering Good. Additionally, Tanger is donating at least 1,000 hats to various nonprofit partners. This initiative aims to support those impacted by poverty, particularly during the COVID-19 pandemic, and underscores Tanger's commitment to corporate social responsibility.