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) will release its financial results for the quarter ended June 30, 2020, on August 5, 2020, after market close. A conference call for analysts and investors is scheduled for August 6, 2020, at 8:30 a.m. ET, accessible via phone or live audio webcast. A replay of the call will be available from August 6 through August 20, 2020.
The company operates 39 outlet shopping centers across 20 states and Canada, attracting over 181 million visitors annually.
Tanger Factory Outlet Centers, Inc. announced the launch of a new Virtual Shopper program, allowing customers to shop remotely through personal associates. This initiative is designed to enhance customer engagement and drive sales for retail partners amid the ongoing COVID-19 pandemic.
Consumers can fill out a virtual shopping form detailing their preferences, with associates shopping on their behalf. The service is available at no cost and includes options for curbside pick-up or home delivery, covering Tanger's extensive portfolio across the U.S. and Canada.
SYNLawn and Tanger Factory Outlet Centers have announced a partnership to enhance summer experiences for families by introducing putting greens at 33 locations across the U.S. and Canada from June through September. The 'Summer Fun Fore All' events will feature the Dave Pelz GreenMaker, a premium putting green retailing at $1,799, developed for golfers of all ages. Safety measures, including social distancing and sanitization, are in place due to COVID-19. This collaboration aims to improve family engagement and foot traffic in Tanger Outlets, which attracts over 181 million visitors annually.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced operational updates and debt amendments on June 15, 2020. Following the lifting of COVID-19 mandates, 72% of occupied stores are currently open, with weekly traffic exceeding 85% of prior levels. The company amended its debt agreements to enhance covenant flexibility and repaid $100 million in outstanding balances, leaving approximately $433 million cash on hand. Additionally, Tanger revised executive contracts to eliminate certain severance benefits, emphasizing a commitment to robust pay practices.