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 (NYSE: SKT), a leading outlet and open-air retail shopping destinations operator, will participate in Nareit's REITweek 2025 Investor Conference from June 3-5, 2025. CEO Stephen Yalof and CFO/CIO Michael Bilerman will engage in an analyst-led Q&A session on June 4, 2025, at 9:30 a.m. ET.
The presentation will be available via live audio webcast at investors.tanger.com/news-events, with a replay accessible until June 13, 2025. The company's management presentation can be accessed through their investor relations website.
Tanger reported strong Q1 2025 financial results, with net income of $0.17 per share ($19.0 million) and FFO of $0.53 per share ($62.7 million). The company's portfolio showed robust performance with 95.8% occupancy and positive leasing spreads of 14.1%.
Key highlights include:
- Same Center NOI increased 2.3% to $96.4 million
- Average tenant sales reached $455 per square foot
- Completed acquisition of Pinecrest in Cleveland for $167.0 million
- Sold non-core center in Howell, Michigan for $17.0 million
The company maintains a strong balance sheet with a 5.2x net debt to Adjusted EBITDAre ratio and announced a 6.4% dividend increase to $1.17 per share annually. Management reaffirmed 2025 FFO guidance of $2.22-$2.30 per share, demonstrating confidence in continued growth and portfolio performance.
Tanger (NYSE: SKT), a leading outlet and open-air retail shopping destinations operator, has announced a 6.4% dividend increase from $1.10 to $1.17 per share annually. The company declared a quarterly cash dividend of $0.2925 per share, which will be paid on May 15, 2025, to shareholders of record as of April 30, 2025.
CEO Stephen Yalof highlighted that this increase is supported by Tanger's well-positioned balance sheet, low dividend payout ratio, and strong operating platform.
Tanger (NYSE: SKT), a leading outlet and open-air retail shopping destinations operator, has scheduled its first quarter 2025 earnings release for Wednesday, April 30, 2025 after market close. The company will hold its conference call on Thursday, May 1, 2025 at 8:30 a.m. Eastern Time.
Analysts, investors, and interested parties can access the call by dialing 1-877-605-1702. A live audio webcast will be available on Tanger's Investor Relations website. A telephone replay will be accessible from May 1 at 11:30 a.m. through May 15, 2025, via 1-877-660-6853 (replay code #13752440). The webcast archive will remain available until May 15, 2025.
Tanger (NYSE: SKT), a prominent outlet and open-air retail shopping destination operator, has announced its participation in Citi's 2025 Global Property CEO Conference from March 3-5, 2025. The company's leadership, including President and CEO Stephen Yalof and EVP, CFO, and CIO Michael Bilerman, will deliver a roundtable presentation on March 3 at 9:35 a.m. Eastern Time.
The presentation will be accessible via live audio webcast on investors.tanger.com, with a replay available through March 14, 2025. Tanger, a publicly traded REIT since 1993, manages a portfolio of 38 outlet centers, one adjacent managed center, and three open-air lifestyle centers, encompassing over 16 million square feet across 21 U.S. states and Canada. The company's properties house more than 3,000 stores operated by over 700 different brand name companies.
Tanger (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, reported strong financial results for Q4 and the full year ending December 31, 2024. Net income available to common shareholders was $0.23 per share for Q4, up from $0.22 per share in the prior year, and $0.88 per share for the full year, down from $0.92 per share in the prior year. Funds From Operations (FFO) was $0.54 per share for Q4 and $2.12 per share for the full year, showing growth from $0.52 and $1.96 per share respectively. Core FFO was $0.54 per share for Q4 and $2.13 per share for the full year, up from $0.52 and $1.96 per share respectively.
Key portfolio metrics include a 98.0% occupancy rate at year-end, up from 97.3% the previous year. Same Center NOI increased by 3.0% in Q4 and 5.1% for the full year. Average tenant sales per square foot also rose to $444. Tanger acquired two shopping centers: The Promenade at Chenal for $73.1 million and Pinecrest for $167.0 million, both expected to deliver an 8% return in the first year.
During Q4, Tanger sold 2.6 million common shares generating $90.9 million. The company also entered into forward sale agreements for 1.9 million shares, with gross proceeds of $69.7 million. As of December 31, 2024, net debt to Adjusted EBITDAre was 4.8x, and the interest coverage ratio was 4.6x. Cash and cash equivalents totaled $55.7 million with full availability on the $620.0 million unsecured lines of credit.
For 2025, Tanger's guidance estimates net income and FFO per share to reflect the recent acquisition of Pinecrest and other market conditions. The board authorized a quarterly cash dividend of $0.275 per share, payable on February 14, 2025.
Tanger (NYSE: SKT) has acquired Pinecrest, a 640,000-square-foot open-air, mixed-use center in Cleveland, Ohio, for approximately $167 million. The acquisition was funded using cash on hand and available liquidity, with management estimating an 8% return in the first year.
Pinecrest, opened in 2018, is anchored by Whole Foods Market and features a mix of national retailers including Alo Yoga, UNTUCKit, Madewell, Sephora, Nike, and others. The property includes retail, dining, entertainment, residential, and office components, with an AC Hotel under separate ownership.
This marks Tanger's third full-price, market-dominant shopping center acquisition, following The Promenade at Chenal in Little Rock and Bridge Street Town Centre in Huntsville. Located in Cleveland's affluent eastern corridor, Pinecrest serves as the sole market presence for many popular brands in the region.
Tanger Inc. (NYSE: SKT) has released its 2024 tax reporting information for dividend distributions. The company's dividend distributions for tax purposes should be treated as 99.29% ordinary income and 0.71% capital gain distribution.
The total distribution per share for 2024 amounts to $1.085, distributed across four payments: $0.26 (February), $0.275 (May), $0.275 (August), and $0.275 (November). Of the total distribution, $1.077334 qualifies as ordinary dividends (Box 1a) and $0.007666 as capital gain distributions (Box 2a). The Section 199A dividends amount matches the ordinary dividends at $1.077334.
Tanger (NYSE: SKT), which operates outlet and open-air retail shopping destinations, has announced a quarterly cash dividend of $0.275 per share. The dividend will be paid on February 14, 2025, to shareholders who are on record as of January 31, 2025.
Tanger (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has announced the schedule for its fourth quarter and full year 2024 financial results release. The earnings report will be released on Wednesday, February 19, 2025, after market close.
The company will host a conference call for analysts, investors, and interested parties on Thursday, February 20, 2025, at 8:30 a.m. Eastern Time. Participants can access the call by dialing 1-877-605-1702. A live audio webcast will be available on Tanger's Investor Relations website. A telephone replay will be accessible from February 20 at 11:30 a.m. until March 6, 2025, using replay code #13750572.