TANGER INC. SEC Filings

TANGER INC. senior vice president and chief accounting officer Thomas Joseph Guerrieri Jr. reported an open-market sale of company stock. On February 27, 2026, he sold 10,432 shares of common stock at an average price of $37.61 per share. After this transaction, he directly owned 55,347 common shares of TANGER INC.

Form 144 notice reports a proposed sale of $375,000.00 aggregate value representing 10,000 Common shares. The notice lists shares outstanding 114,507,737 as of 02/27/2026. The filing also itemizes equity compensation grants dated 02/19/2025 (2,844 shares) and 03/15/2025 (7,156 shares). Timing and specific plan of distribution for the sale are not detailed in the excerpt.

SKT submitted a Form 144 notifying the broker-dealer UBS Financial Services Inc of an intended sale of common stock, with the filing dated 02/27/2026. The filing lists multiple previously granted share lots with grant dates and quantities, indicating the shares proposed for disposition were originally issued under company stock grants.

Tanger Inc. and its operating partnership entered into a new at-the-market equity sales program and aligned it with a fresh universal shelf registration. The new ATM equity sales agreement permits issuance and/or forward sale of common shares with an aggregate gross sales price cap of $400 million.

The company simultaneously terminated its unused 2025 ATM agreement and appointed a broader syndicate of banks as sales agents, forward purchasers and forward sellers. It also filed a separate prospectus supplement for the resale by certain holders of up to 7,370,275 common shares issuable upon exchange of its 2.375% Exchangeable Senior Notes due 2031.

Tanger Inc. launched an "at-the-market" equity program to offer up to $400,000,000 of common shares. The program, established by a February 26, 2026 sales agreement, permits sales through designated Sales Agents or via forward sale arrangements with Forward Purchasers and Forward Sellers.

The sales may occur on the NYSE or by negotiated transactions, with aggregate sales through the program capped at $400,000,000. The Company stated 114,502,948 common shares were issued and outstanding as of February 18, 2026. Proceeds received from sales made directly through the Sales Agents will accrue to the Company; proceeds from borrowed shares sold by Forward Sellers will be paid to the applicable Forward Purchaser or its affiliates.

Tanger Inc. registered the resale of up to 7,370,275 common shares that may be issued upon exchange of $250,000,000 aggregate principal amount of 2.375% Exchangeable Senior Notes due 2031. This registration is made pursuant to a registration rights agreement and covers resale by the selling securityholders if they receive common shares on exchange.

The notes are exchangeable at an initial rate of 24.0662 common shares per $1,000 principal (≈ an exchange price of $41.55 per share). The Operating Partnership may satisfy exchange obligations with cash, common shares or a combination at its election. The Company will receive no proceeds from any resale of these registered shares.

Tanger Inc. filed a shelf registration statement to offer multiple classes of securities, and its Operating Partnership may issue debt securities. The registration permits the Company to offer preferred shares, depositary shares, common shares and warrants, and permits Tanger Properties Limited Partnership to offer debt securities from time to time after the effective date.

The prospectus states the Company will not receive proceeds from sales by any selling securityholders. The Company’s common shares trade on the New York Stock Exchange and last reported sale price was $37.62 per share on February 25, 2026. As of December 31, 2025, the Company and its subsidiaries owned 115,097,359 units of the Operating Partnership, Non-Company limited partners held 4,662,904 Class A units, and 248,948 LTIP Units were outstanding. The prospectus includes customary REIT-related ownership limits, including a 9.8% ownership cap.

Tanger Inc. and Tanger Properties Limited Partnership present a combined annual report as an outlet- and open-air–focused REIT. As of December 31, 2025, the consolidated portfolio included 31 outlet centers and three open-air lifestyle centers totaling about 14.0 million square feet, 98% occupied, plus partial interests in six unconsolidated centers.

Recent activity includes acquiring a 640,000-square-foot mixed-use center in Cleveland for $167.0 million and a 690,000-square-foot outlet center in Kansas City for $130.0 million, along with a Memphis-area mortgage refinancing. The Operating Partnership issued $250.0 million of 2.375% Exchangeable Senior Notes due 2031 and closed $550.0 million of unsecured term loans, layered with new interest rate swaps and capped call transactions. Tanger reports an aggregate market value of voting shares held by non-affiliates of about $3.38 billion as of June 30, 2025 and 114,507,737 common shares outstanding as of February 2, 2026.

Tanger Inc. reported stronger fourth quarter and full-year 2025 results and introduced its 2026 guidance. Q4 diluted net income was $0.29 per share on $160.3 million of revenue, with FFO at $0.63 per share, both higher than a year earlier. For 2025, diluted net income was $0.99 per share and FFO and Core FFO were $2.33 per share, helped by 4.3% Same Center NOI growth to $407.7 million and 98.1% portfolio occupancy. Leasing remained very active, with 630 leases covering 3.1 million square feet and blended cash rent spreads of 9.5%. The balance sheet showed net debt to Adjusted EBITDAre of 4.7x, 4.8x interest coverage and over $600 million of liquidity at year-end, followed by $550 million of new unsecured term loans and $250 million of 2.375% exchangeable notes in January 2026. Management’s 2026 outlook calls for diluted net income of $1.04–$1.12 per share, FFO of $2.41–$2.49 per share and Same Center NOI growth of 2.25%–4.25%, alongside a quarterly dividend of $0.2925 per share.