Tanger Inc. (SKT)
NYSE:SKT
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.26Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple clear operational and financial strengths — double-digit FFO growth, record leasing volume, rising occupancy, raised guidance, strong liquidity and active merchandising/marketing initiatives — alongside manageable near-term headwinds (notably Q1 snow costs, retailer bankruptcies/closures, and a strategic low retention approach that raises short-term execution risk). Overall, management emphasized confidence in organic and selective external growth while acknowledging expense variability and timing-related cadence risk.Company Guidance
Core FFO Growth
Core FFO was $0.59 per share in Q1, up 11% year-over-year (from $0.53), driven by internal growth, contributions from recently acquired centers and higher lease termination income.
High Occupancy and Sales Productivity
Portfolio occupancy ended the quarter at 97%, up 120 basis points year-over-year, with trailing 12-month sales productivity of $482 per square foot and an occupancy cost ratio (OCR) of 9.7% providing headroom for rent growth.
Record Leasing Activity and Rent Spreads
Last 12 months leasing totaled 651 leases and 3.4 million square feet (record production), with blended rent spreads of 10.5% and retenanting spreads exceeding 26%, reflecting strong retailer demand and favorable supply/demand dynamics.
Raised Full-Year Guidance
Full-year 2026 core FFO guidance was increased to $2.42–$2.50 per share (midpoint implies ~6% growth). Same-center NOI growth guidance remains 2.25%–4.25% for the year.
Strong Balance Sheet and Liquidity
Net debt to adjusted EBITDA approximately 4.8x, all debt at fixed rates with a weighted-average interest rate ~4% and WA term ~4.5 years; company reports over $1.0 billion of immediate liquidity and below-average dividend payout ratio (~53% of FAD).
Capital Markets and Liability Management
Completed January capital markets transactions that increased debt capacity, extended duration, lowered pricing and expanded the bank group; management highlighted flexibility to address near-term maturities and pursue selective external growth.
Operational & Marketing Momentum
Active marketing/loyalty initiatives (200+ on-center events in Q1), growing proprietary loyalty program, monetization of center traffic via experiential/digital media partnerships, and technology adoption (multilingual AI chatbot handling >80% of customer inquiries) driving traffic, engagement and efficiency.
SKT Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $37.08 | $36.35 | -1.97% |
Feb 24, 2026 | $35.26 | $37.30 | +5.79% |
Nov 04, 2025 | $33.08 | $33.29 | +0.65% |
Aug 04, 2025 | $29.67 | $31.44 | +5.98% |
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 Inc. (SKT) report earnings?
Tanger Inc. (SKT) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Tanger Inc. (SKT) earnings time?
Tanger Inc. (SKT) earnings time is at Aug 10, 2026, 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 2026 (Q2) is 0.25.