The earnings call highlighted solid financial performance with significant growth in FFO and occupancy rates, alongside successful strategic initiatives in marketing and leasing. However, challenges such as the impact of economic uncertainties and tenant bankruptcies were noted. Overall, the positive aspects of growth and strategic advancements outweigh the challenges faced.

Company Guidance -

Q3 2025

During Tanger Inc.'s Second Quarter 2025 Conference Call, the company provided an optimistic outlook, highlighting strong operational metrics and adjusted guidance. Key performance indicators included a 9.4% year-over-year increase in Core FFO to $0.58 per share and a robust same-center NOI growth of 5.3%. The occupancy rate improved sequentially to 96.6%, with blended leasing spreads achieving a 12% increase over the trailing 12 months. Tenant sales per square foot rose by 6.2% to $465, and foot traffic increased compared to the previous year. Tanger raised its full-year guidance, now expecting Core FFO per share to be between $2.24 and $2.31, reflecting growth of 5.2% to 8.5%, and lifted same-center NOI growth projections to 2.5% to 4%. The company emphasized the effectiveness of its merchandising and marketing strategies in attracting a younger demographic while maintaining its value-seeking shopper base. Additionally, Tanger highlighted its strong balance sheet, with net debt to adjusted EBITDA at 5x, and a liquidity position of approximately $614 million. The company remains focused on both internal and external growth opportunities while leveraging AI technology and digital marketing to enhance customer engagement.

Record Core FFO Growth

Core FFO was $0.58 per share, a 9.4% increase over the prior year, driven by strong internal and external growth initiatives.

Increased Occupancy Rates

Occupancy increased sequentially to 96.6% with blended leasing spreads of 12% over the trailing 12 months.

Rise in Tenant Sales

Tenant sales increased by 6.2% to $465 per square foot on a trailing 12-month basis, with higher traffic compared to last year.

Expansion of Loyalty Program

Participation in TangerClub, the proprietary loyalty program, continues to expand, driving improvements in traffic and sales.

Strong Balance Sheet and Liquidity

The company maintains low leverage with a net debt to adjusted EBITDA of 5x and total liquidity of $614 million.

Raised Full Year Guidance

Full year guidance for Core FFO per share was raised to $2.24 to $2.31, representing growth of 5.2% to 8.5%.

Strategic Leasing and Marketing Initiatives

Successful Summer of Savings and early back-to-school campaigns helped drive traffic and engagement.

Tanger (SKT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SKT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.25 / -	0.22	―	―	―
Aug 04, 2025	2025 (Q2)	0.22 / 0.26	0.22	18.18% (+0.04)
Apr 30, 2025	2025 (Q1)	0.21 / 0.17	0.2	-15.00% (-0.03)
Feb 19, 2025	2024 (Q4)	0.20 / 0.23	0.22	4.55% (+0.01)
Nov 06, 2024	2024 (Q3)	0.21 / 0.22	0.26	-15.38% (-0.04)
Aug 01, 2024	2024 (Q2)	0.19 / 0.22	0.23	-4.35% (-0.01)
Apr 30, 2024	2024 (Q1)	0.19 / 0.20	0.22	-9.09% (-0.02)
Feb 15, 2024	2023 (Q4)	0.21 / 0.22	0.17	29.41% (+0.05)
Nov 06, 2023	2023 (Q3)	0.20 / 0.26	0.22	18.18% (+0.04)
Aug 03, 2023	2023 (Q2)	0.16 / 0.23	0.19	21.05% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SKT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$30.47	$32.29	+5.97%
Apr 30, 2025	$31.21	$29.64	-5.03%
Feb 19, 2025	$33.94	$35.26	+3.89%
Nov 06, 2024	$32.89	$34.50	+4.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tanger (SKT) report earnings?

Tanger (SKT) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Tanger (SKT) earnings time?

Tanger (SKT) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SKT EPS forecast?

SKT EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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