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 Factory Outlet Centers (NYSE: SKT) is enhancing its shopping experience by introducing partnerships with popular food and entertainment brands, including Shake Shack and Dave & Buster's. This summer, Shake Shack will debut in San Marcos, Texas, offering a menu of elevated American classics. In fall, Dave & Buster's will expand its presence in Savannah, Georgia, and Atlantic City, New Jersey. These strategic partnerships are part of Tanger's initiative to diversify its offerings, focusing on non-apparel categories to attract more visitors and improve customer loyalty. With 36 centers across the U.S. and Canada, Tanger aims to redefine outlet shopping by creating engaging environments for families.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has announced an 11.4% increase in its annual dividend, raising it from $0.88 to $0.98 per share. The Board also declared a quarterly cash dividend of $0.245 per share, payable on May 15, 2023, to shareholders on record by April 28, 2023. CEO Stephen Yalof emphasized the company's commitment to returning capital to shareholders, highlighting that this increase follows two previous annual increases in 2022, representing a cumulative growth of over 20%. The company maintains a strong balance sheet and liquidity to support its long-term growth strategies.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) will release its financial results for Q1 2023 on April 27, 2023, post-market close. The company will also conduct a conference call on April 28, 2023, at 8:00 a.m. ET for analysts and investors. Interested parties can access the call by dialing 1-877-605-1702 or through a live audio webcast on the company’s investor relations website. A replay of the call will be available until May 12, 2023, with further details available in the press release.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) will participate in Citi's 2023 Global Property CEO Conference from March 5 to March 8, 2023. The company will host a tour of Tanger Outlets Palm Beach on March 5. Stephen Yalof, President and CEO, along with Michael Bilerman, CFO, will engage in a round table presentation on March 7 at 5:00 p.m. ET. An audio webcast of the presentation is available at investors.tangeroutlets.com, with a replay accessible until March 17, 2023.
Tanger operates 36 outlet centers across 20 states and Canada, totaling 13.9 million square feet leased to over 2,700 stores.
SK Telecom (NYC: SKM) held a press conference on Feb. 26, 2023, in Barcelona, outlining its vision for 'AI to Everywhere' across five key areas: Customer & Technology, Time & Space, AI Transformation (AIX) for Industries, Core Business Model, and ESG. CEO Ryu highlighted the success of their AI service 'A.', achieving 1 million subscribers in 9 months, and plans to expand features from 30 to 100. Additionally, SKT is advancing urban air mobility, autonomous driving, and its metaverse service 'ifland,' which boasts 4 million monthly active users. They aim to drive AI innovations in various industries while enhancing subscriber experience through personalized services.
Guerrilla RF, Inc. (OTCQX: GUER) has appointed Virginia R. Summerell to its Board of Directors effective February 20, 2023. Summerell, the second female board member, brings over 30 years of finance and corporate leadership experience, particularly from her tenure at Tanger Outlet Centers, Inc. (NYSE: SKT). Her expertise in guiding Tanger's transformation to a publicly traded entity will be leveraged as Guerrilla RF prepares to uplist to a senior stock exchange. This strategic appointment supports Guerrilla RF's growth strategy in high-growth markets like wireless and automotive sectors.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) reported strong financial results for Q4 and full-year 2022. Net income reached $0.17 per share, driven by a $3.2 million gain from selling a non-core outlet center. FFO and Core FFO were $0.47 and $1.83 per share, respectively, reflecting significant year-over-year increases. Occupancy rose to 97% and blended rent spreads improved to 10.1%. The company anticipates continued growth in 2023, projecting net income per share between $0.87 and $0.95. Upcoming developments include a new center in Nashville, set to open in fall 2023, highlighting Tanger's growth strategy.
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