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Tanger Inc. - SKT STOCK NEWS

Welcome to our dedicated news page for Tanger (Ticker: SKT), a resource for investors and traders seeking the latest updates and insights on Tanger.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tanger's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tanger's position in the market.

News
Tanger Declares Dividend Payable February 15, 2024
Rhea-AI Summary
Tanger® (NYSE: SKT) has declared a quarterly cash dividend of $0.26 per share, payable on February 15, 2024, to common shareholders of record on January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
dividends
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News
Tanger Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Tanger (NYSE: SKT) to Release Financial Results for Q4 and Full Year 2023 on February 15, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
earnings
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News
Tanger Acquires Open-Air Lifestyle Center in Growth Market of Huntsville, Alabama
Rhea-AI Summary
Tanger (NYSE: SKT) acquires Bridge Street Town Centre, an 825,000‑square-foot open-air lifestyle center in Huntsville, Alabama, for $193.5 million. The center comprises over 80 retail stores, restaurants, and entertainment venues and serves as the dominant shopping destination in the market. Tanger funded the acquisition through cash on hand and available liquidity, expecting a mid-eight percent return in the first year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
acquisition
News
Tanger Announces Acquisition of Asheville Outlets in Asheville, North Carolina
Rhea-AI Summary
Tanger® (NYSE: SKT) Acquires Asheville Outlets for $70 Million, Continues External Growth Strategy. The 382,000-square-foot open-air shopping center in Asheville, North Carolina, is the second fully owned addition to Tanger's outlet portfolio this quarter. The center is currently 95 percent occupied and includes top apparel and footwear brands, as well as national home furnishings providers. Tanger expects a mid-eight percent range first-year return with potential for additional growth. Asheville Outlets benefits from proximity to top attractions and a rapidly growing residential population. Tanger will transition the center to become Tanger Outlets Asheville in early January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.73%
Tags
acquisition
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News
Tanger Reports Third Quarter Results and Raises Full-Year 2023 Guidance
Rhea-AI Summary
Tanger, a leading owner and operator of upscale open-air outlet centers, reported financial results for Q3 2023. The company achieved an 80 basis point sequential increase and a 150 basis point year-over-year increase in occupancy. It also reported its 7th consecutive quarter of positive rent spreads. Tanger Outlets Nashville opened at 96.5% leased. Net income available to common shareholders was $0.26 per share, or $27.2 million, compared to $0.22 per share, or $23.0 million, for the prior year period. FFO available to common shareholders was $0.50 per share, or $55.8 million, compared to $0.47 per share, or $51.7 million, for the prior year period. Tanger increased its full-year 2023 earnings guidance and announced a 6.1% increase in its dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.45%
Tags
earnings
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News
Tanger Announces Grand Opening of Tanger Outlets Nashville
Rhea-AI Summary
Tanger Outlets opens its first U.S. outlet center since 2019 in Nashville, Tennessee. The 290,000-square-foot center is 96.5% leased and features a transformational design and a diverse mix of retailers. The Grand Opening celebration includes special offers and sales, with a portion of the first sales going to benefit local charity Musicians On Call. The center has created approximately 1,100 part-time and permanent jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
News
SK Telecom and Deutsche Telekom to Jointly Develop Telco-specific LLM
Rhea-AI Summary
SK Telecom and Deutsche Telekom sign LOI for joint development of telco-specific language model
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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none
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News
Tanger Increases Dividend by 6.1%
Rhea-AI Summary
Tanger Outlets announces 6.1% increase in dividend and quarterly cash dividend of $0.26 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
dividends
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News
SK Telecom Announces AI Pyramid Strategy to Become a Global AI Company
Rhea-AI Summary
SK Telecom (SKT) announces its 'AI Pyramid Strategy' to become a global AI company. It plans to triple AI-related investments by 2028 and reach revenue of KRW 25 trillion. SKT will strengthen its AI infrastructure, pursue AI transformation in core and new business areas, and launch a personal AI assistant service. It will expand its data center business globally and introduce energy-saving solutions. SKT's AI semiconductor company, Sapeon, will launch a next-generation AI chip. SKT will collaborate with global partners to develop tailored AI solutions. In the mobile business, AI is expected to reduce costs by 20-30%. SKT will also expand AI services in media, advertising, and healthcare. 'A.', SKT's Korean LLM service, will evolve into a personal AI assistant service. SKT plans to launch AI services globally and work with telcos for localization. SKT aims to become a global AI company through self-strengthening and cooperation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
AI
News
Tanger Appoints Jessica K. Norman as EVP and General Counsel
Rhea-AI Summary
Tanger Outlets appoints Jessica K. Norman as Executive VP, General Counsel, and Secretary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
management
Stock SKT logo
Tanger Inc.

NYSE:SKT

SKT Rankings

#1519 Ranked by Market Cap
#904 Ranked by Stock Gains
#883 Ranked by Dividends

SKT Stock Data

2.92B
106.11M
2.43%
87.67%
4.08%
Other Financial Vehicles
Finance and Insurance
Link
US
Greensboro

About SKT

tanger factory outlet centers, inc.(nyse:skt), is a publicly-traded reit headquartered in greensboro, north carolina. tanger’s portfolio of outlet centers has continued to expand and today includes 46 outlet centers in 24 states coast to coast and in canada. savvy outlet shoppers look to tanger outlet centers for the biggest selection of first-quality, in-season merchandise, for the latest fashion trends from their favorite brand name and designer outlet stores and so much more. because consumer love shopping and saving direct from the manufacturer, tanger centers are major tourist attractions that welcome more than 180 million brand name bargain hunters annually. america knows the value of shopping tangerstyle. for more information on tanger visit our web site at www.tangeroutlet.com. if you are interested in a career with tanger, please visit our careers page: http://www.tangeroutlet.com/company/careers.aspx