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Tanger (SKT) Stock News, Feb-May 2024

SKT NYSE

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.

Rhea-AI Summary

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.

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Rhea-AI Summary

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.

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FAQ

What is the current stock price of Tanger (SKT)?

Tanger (SKT) last closed at $34.94.

What is the market cap of Tanger (SKT)?

The market cap of Tanger (SKT) is approximately $4.0B.