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Tanger Inc. (SKT)
NYSE:SKT
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.17Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial wins—record leasing volume, high occupancy, strong FFO and same-center NOI growth, enhanced liquidity and lower interest rate risk, and a constructive 2026 guidance range—while acknowledging manageable tenant bankruptcies, some compression in leasing spreads, seasonal occupancy cadence, and potential off-guide CapEx risks tied to specific lease outcomes. Overall, the positive operational momentum and material balance sheet improvements outweigh the contained headwinds.Company Guidance
Strong FFO Performance
Fourth quarter core FFO of $0.63 per share (up 16.7% YoY vs. $0.54) and full-year core FFO of $2.33 per share (up 9.4% YoY), finishing slightly above the high end of guidance.
Same-Center NOI Growth
Full-year same-center NOI growth of 4.3%, driven by leasing, operating and marketing execution and contributions from accretive acquisitions.
Record Leasing Volume and High Occupancy
Achieved over 3,000,000 square feet of leasing volume (highest annual production on record) with year-end portfolio occupancy at 98.1% (70 bps sequential increase) and another quarter of positive rent spreads.
Improved Tenant Productivity
Tenant sales productivity of $473 per square foot, up 7% year-over-year, and OCR (occupancy cost ratio) at 9.7%, indicating runway for retailer margin and rent growth.
Aggressive Retenanting and Merchandising Strategy
Renewal rate declined from ~95% (historical) to ~80% this year as management prioritized retenanting and adding food, beverage and entertainment—supporting traffic growth and long-term NOI expansion.
Balance Sheet Strength and Liquidity Enhancements
Completed $800,000,000 of debt refinancing/raise in January; pro forma immediate liquidity >$1,000,000,000 (including $270M cash, $150M delayed draw capacity, and full availability on $120M lines).
Lowered Interest Rate Risk and Extended Duration
Pro forma 100% fixed-rate debt (inclusive of swaps) with weighted average interest ~4% and extended debt duration (added ~2 years), reducing weighted average rate by ~10 bps.
Measured Capital Allocation and Dividend Discipline
Recurring CapEx guidance $65M–$75M (mid-teens % of NOI) and dividend payout ~61% of funds available for distribution, preserving free cash flow for reinvestment.
Positive 2026 Guidance
Inaugural 2026 core FFO guidance of $2.41–$2.49 per share (midpoint >5% growth) with same-center NOI guidance of 2.25%–4.25%.
Technology & Customer Engagement Wins
Expanded tech initiatives including AI; multilingual AI chatbot handled over 50% of customer service interactions, and loyalty (Tanger Club) engagement is helping attract younger customers.
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 |
|---|---|---|---|
Feb 24, 2026 | $35.56 | $37.62 | +5.79% |
Nov 04, 2025 | $33.36 | $33.58 | +0.65% |
Aug 04, 2025 | $29.93 | $31.71 | +5.97% |
Apr 30, 2025 | $30.65 | $29.11 | -5.01% |
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 May 06, 2026, After Close (Confirmed).
What is Tanger Inc. (SKT) earnings time?
Tanger Inc. (SKT) earnings time is at May 06, 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 (Q1) is 0.24.