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Tanger ( (SKT) ) has issued an update.
On January 6, 2026, Tanger’s operating partnership closed on $550 million of unsecured term loan facilities, increasing total term loan capacity by $225 million to enhance liquidity, extend debt maturities and expand its lending group. The package includes an amended $350 million term loan maturing in December 2030 and a new $200 million term loan maturing in January 2033, both featuring delayed draw components totaling $150 million, alongside amendments to its revolving credit facility and liquidity line that remove a SOFR credit adjustment spread and align terms across its financing arrangements. Tanger drew $400 million at closing and plans to use $75 million of incremental proceeds to pay down borrowings under its unsecured credit lines and for working capital, with management highlighting that the new structure lowers pricing, improves financial flexibility, and further strengthens the company’s balance sheet for long-term growth.
The most recent analyst rating on (SKT) stock is a Hold with a $35.00 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.
Tanger’s overall stock score reflects a strong earnings call performance and solid financial metrics, despite technical indicators suggesting bearish momentum. The company’s high P/E ratio indicates potential overvaluation, but the attractive dividend yield and positive earnings outlook provide a balanced perspective. Key strengths include robust leasing activity and strategic growth initiatives, while high leverage and potential retailer challenges pose risks.
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 a leading owner and operator of outlet and open-air retail shopping destinations, with more than 44 years of experience in the retail and outlet sectors. Its portfolio comprises 38 outlet centers and three open-air lifestyle centers totaling over 16 million square feet across tourist destinations and high-traffic markets in 22 U.S. states and Canada, hosting more than 3,000 stores operated by over 800 brand-name retailers.
Average Trading Volume: 779,347
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.84B
For detailed information about SKT stock, go to TipRanks’ Stock Analysis page.