TANGER INC. Stock Price, News & Analysis

SK Telecom (NYSE: SKM) has signed agreements to supply its AI-based veterinary diagnosis assistant, 'X Caliber', to Malaysia, Thailand, and Vietnam. The company partnered with My Vet Care in Malaysia, Happy Pet Hospital in Thailand, and Vet Sky Holdings in Vietnam to introduce the service. X Caliber aims to enhance pet disease diagnosis and promote efficient pet diagnostics in these rapidly growing markets. The Southeast Asian pet market was estimated at USD 3.3 billion in 2023, with a compound annual growth rate of 13% over the past five years. SK Telecom's expansion into these markets demonstrates its commitment to innovating pet care and promoting South Korea's AI technology globally.

Tanger (NYSE: SKT), a prominent owner and operator of outlet and open-air retail shopping destinations, has announced a quarterly cash dividend of $0.275 per share. The dividend is payable on August 15, 2024 to common shareholders of record on July 31, 2024. This announcement demonstrates Tanger's commitment to providing regular returns to its shareholders, reflecting the company's financial stability and confidence in its business model. The consistent dividend payout may attract income-focused investors and potentially support the stock's value.

Tanger (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has been honored with the 2024 Nareit Investor CARE Gold Award for Excellence in Communications and Reporting.

The award, announced at the REITweek 2024 Investor Conference, recognizes Tanger's outstanding communication and reporting practices. An independent panel judged the company based on its online presence, SEC filings, and investor relations.

Stephen Yalof, CEO of Tanger, expressed pride in their investor engagement program and highlighted the company's commitment to transparency, accessibility, and delivering top-tier shareholder returns.

Tanger (NYSE: SKT) has announced its expanded partnership with Sephora, adding five new stores in its shopping centers by the end of the year. These stores will be located in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz., each averaging 5,000 square feet. This expansion aligns with Tanger's strategy to diversify its portfolio beyond apparel and footwear, enhancing its beauty and wellness offerings to attract younger and more affluent shoppers. Tanger has leased nearly 200,000 square feet of new brands since January 2023, aiming to evolve its centers into multifaceted destinations.

Tanger (NYSE: SKT) has published its 2023 Environmental, Social, and Governance (ESG) Report, highlighting significant achievements and future goals. In 2023, Tanger increased renewable energy production through onsite solar infrastructure, expanded biodiversity initiatives, and introduced electric vehicle charging at over 90% of its centers. The company launched Employee Resource Groups focusing on Women, LGBTQ+, and People of Color. Additionally, $138,000 was raised for breast cancer awareness and $170,000 for local schools. Governance improvements included increased female executive representation and enhanced investment community engagement. Tanger aims for net zero carbon emissions by 2050 and plans for a detailed roadmap in 2024. The full report aligns with leading sustainability frameworks and is available on their investor relations website.

SK Telecom (NYSE:SKM) has launched its AI-powered veterinary diagnostic service, X Caliber, in Australia in collaboration with ATX Medical Solutions. X Caliber can analyze X-ray images of pets within 15 seconds and does not require local server installation. The service boasts a sensitivity of 86-94% across various types of X-rays. The launch follows successful beta tests and will be available to over 100 veterinary clinics in Australia. Additionally, SK Telecom has signed a commercial contract with MEDIVET Pet Hospital & Clinic in Indonesia to introduce X Caliber. SK Telecom is also providing beta services in North America, Europe, and Asia, aiming for a global market expansion.

Tanger (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced its participation in Nareit's REITweek 2024 Investor Conference from June 4 to June 6, 2024. Stephen Yalof, President and CEO, along with Michael Bilerman, EVP, CFO, and CIO, will engage in an analyst-led Q&A session on June 4 at 10:15 a.m. ET.

A live audio-only webcast will be available at investors.tanger.com, and a replay will be accessible at the same site until June 14, 2024. The company's current management presentation can also be viewed online.

Tanger (NYSE: SKT) announced it will release its financial results for the second quarter of 2024 on August 1, 2024, after market close. A conference call for analysts, investors, and other interested parties will be held on August 2, 2024, at 8:30 a.m. Eastern Time. The call can be accessed by dialing 1-877-605-1702, and a live audio webcast will be available on Tanger's Investor Relations website. A telephone replay will be accessible from August 2 to August 16, 2024, by dialing 1-877-660-6853, replay access code #13746825. An online archive of the webcast will also be available through August 16, 2024.

Tanger reported strong first-quarter results with a 9th consecutive quarter of positive rent spreads. They raised full-year 2024 guidance and increased dividends by 6%. Operating metrics improved, and leasing activity was robust. Balance sheet and liquidity metrics strengthened, and guidance for 2024 was increased.