Tanger Factory Outlet Centers ( (SKT) ) has released its Q2 earnings. Here is a breakdown of the information Tanger Factory Outlet Centers presented to its investors.
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Tanger Factory Outlet Centers, a prominent real estate investment trust, specializes in owning and operating outlet and open-air retail shopping destinations across the U.S. and Canada.
In its latest earnings report, Tanger Factory Outlet Centers announced strong financial performance for the second quarter of 2025, with notable increases in net income and funds from operations (FFO). The company also raised its full-year guidance, reflecting confidence in its strategic initiatives.
Key financial metrics for the second quarter included a net income of $0.26 per share, up from $0.22 per share in the previous year, and FFO of $0.58 per share, compared to $0.53 per share last year. The company’s occupancy rate improved to 96.6%, and same-center net operating income grew by 5.3%. Tanger’s leasing activity remained robust, with positive rent spreads and a significant number of lease renewals.
Looking ahead, Tanger Factory Outlet Centers is optimistic about its growth prospects, supported by a strong balance sheet and strategic marketing initiatives aimed at attracting new and younger customers. The company expects continued demand for its retail spaces and anticipates further financial growth in 2025.