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Tanger ( (SKT) ) has shared an announcement.
On January 6, 2026, Tanger Properties Limited Partnership, the operating partnership of Tanger Inc., launched a private Rule 144A offering of exchangeable senior notes initially sized at $200 million and, following strong demand, priced on January 8, 2026, at an upsized $220 million of 2.375% exchangeable senior notes due 2031, guaranteed on a senior unsecured basis by Tanger Inc., with closing expected on January 12, 2026. The company plans to use approximately $8 million of the net proceeds to fund capped call transactions intended to limit potential dilution from future note exchanges, allocate about $20 million to repurchase roughly 0.6 million common shares, and deploy the remainder, together with term loan proceeds, to repay its unsecured lines of credit, retire $350 million of 3.125% senior notes maturing September 1, 2026, and for general corporate purposes, steps that are set to refinance near-term debt, support balance sheet management, and may influence the trading dynamics of its common shares and notes through share repurchases and related hedging activity.
The most recent analyst rating on (SKT) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Tanger stock, see the SKT Stock Forecast page.
Spark’s Take on SKT Stock
According to Spark, TipRanks’ AI Analyst, SKT is a Neutral.
Overall score reflects solid underlying financial performance and a notably positive, guidance-raising earnings outlook with strong leasing/occupancy metrics. Offsetting factors are elevated leverage and only middling technical momentum, alongside a relatively high P/E that limits valuation support despite the dividend yield.
To see Spark’s full report on SKT stock, click here.
More about Tanger
Tanger Inc. (NYSE: SKT) is a publicly traded real estate investment trust and leading owner and operator of outlet and open-air retail shopping destinations, with a portfolio of 38 outlet centers and three open-air lifestyle centers totaling more than 16 million square feet across tourist and high-traffic markets in 22 U.S. states and Canada, hosting over 2,600 stores from more than 750 brand-name retailers.
Average Trading Volume: 782,003
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.92B
For a thorough assessment of SKT stock, go to TipRanks’ Stock Analysis page.