Tanger (SKT) AI Stock Analysis

• Market Cap: $3.97B
• Dividend Yield: 3.32%
• Average Volume (3M): 900.05K
• Price to Earnings (P/E): 36.7
• Beta (1Y): 0.61
• Revenue Growth: 9.59%
• EPS Growth: 8.34%
• Country: US
• Employees: 372
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.28
• Shares Outstanding: 115,110,000
• 10 Day Avg. Volume: 1,052,320
• 30 Day Avg. Volume: 900,054
• PEG Ratio: -7.09
• Price to Book (P/B): 5.70
• Price to Sales (P/S): 7.07
• P/FCF Ratio: 14.70
• Enterprise Value/Market Cap: 1.40
• Enterprise Value/Revenue: 9.89
• Enterprise Value/Gross Profit: 14.23
• Enterprise Value/Ebitda: 18.18
• 1Y Price Target: $36.00
• Price Target Upside: 10.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $37.00 ▲(13.43% Upside)

Tanger's overall stock score is driven by strong earnings call results and positive technical indicators. The company's financial performance is solid, but high leverage poses a risk. Valuation concerns due to a high P/E ratio are partially offset by a decent dividend yield. The absence of notable corporate events keeps the focus on core financial and operational metrics.

Positive Factors

Record Leasing Volume

Record leasing volume indicates strong demand for Tanger's properties, enhancing occupancy rates and revenue potential, supporting long-term growth.

Strategic Acquisition

The acquisition expands Tanger's portfolio and is expected to yield a solid return, strengthening its market position and growth prospects.

Increased Full Year Guidance

Increased guidance reflects confidence in operational performance and financial health, suggesting robust future earnings and stability.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, necessitating careful debt management to maintain financial stability.

Decline in Free Cash Flow Growth

A decline in free cash flow growth indicates potential challenges in cash generation, which could impact future investments and debt servicing.

Debt Maturity Considerations

Upcoming debt maturities require strategic refinancing, which could affect liquidity and financial planning if not managed effectively.

Tanger Business Overview & Revenue Model

Company Description

Tanger Factory Outlet Centers, Inc. (SKT) is a leading operator of outlet shopping centers in the United States. The company specializes in developing, leasing, and managing outlet centers that feature a variety of brand-name retailers offering discounted merchandise. Tanger operates in the retail real estate sector and focuses on creating high-quality shopping experiences for consumers while providing brands with a platform to reach their target audiences effectively.

How the Company Makes Money

Tanger generates revenue primarily through leasing space to retailers in its outlet centers. The company earns rental income from long-term leases, which typically include a base rent along with percentage rent based on the sales performance of tenants. Additionally, Tanger benefits from management fees related to its outlet centers and may engage in co-marketing initiatives with tenants that can further enhance its revenue streams. Significant partnerships with well-known retail brands and strategic site locations contribute to its earnings, as these factors attract a steady flow of shoppers and enhance tenant sales, ultimately benefiting Tanger's rental income.

Tanger Financial Statement Overview

Summary

Tanger demonstrates a solid financial performance with strong profitability and cash flow metrics. The company shows consistent revenue growth and effective cost management, contributing to healthy profit margins. However, the high leverage indicated by the debt-to-equity ratio poses potential risks, requiring careful management. Despite the decline in free cash flow growth, the company maintains strong cash flow relative to earnings, supporting its financial stability.

Income Statement

Tanger's income statement shows a solid performance with a consistent revenue growth rate of 2.22% TTM, indicating a stable upward trajectory. The gross profit margin of 69.49% and net profit margin of 19.18% TTM are strong, reflecting effective cost management and profitability. However, the EBIT margin of 21.92% TTM suggests room for improvement in operational efficiency. Overall, the income statement reflects a healthy financial position with potential for further growth.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 3.75 TTM, indicating significant leverage, which could pose risks if not managed carefully. The return on equity of 16.25% TTM is commendable, showing effective use of equity to generate profits. However, the equity ratio of 27.77% TTM suggests a lower proportion of equity financing, which may affect financial stability. Overall, the balance sheet reflects a leveraged position with strong returns but potential risks due to high debt levels.

Cash Flow

Tanger's cash flow statement shows a decline in free cash flow growth by 13.56% TTM, indicating potential challenges in cash generation. However, the operating cash flow to net income ratio of 2.66 TTM and free cash flow to net income ratio of 1.20 TTM demonstrate strong cash flow relative to earnings, highlighting efficient cash management. Despite the decline in free cash flow growth, the company maintains robust cash flow metrics, supporting its financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	562.00M	526.06M	464.41M	442.61M	426.52M	389.99M
Gross Profit	390.53M	367.33M	318.86M	298.68M	285.79M	252.86M
EBITDA	305.69M	302.09M	260.70M	244.70M	172.43M	142.27M
Net Income	109.12M	98.59M	99.15M	82.06M	9.12M	-36.28M
Balance Sheet
Total Assets	2.64B	2.38B	2.32B	2.22B	2.16B	2.19B
Cash, Cash Equivalents and Short-Term Investments	13.03M	46.99M	21.96M	264.57M	161.25M	84.83M
Total Debt	2.75B	1.51B	1.53B	1.52B	1.49B	1.66B
Total Liabilities	1.90B	1.70B	1.73B	1.70B	1.66B	1.83B
Stockholders Equity	732.15M	652.37M	566.78M	491.64M	477.93M	341.39M
Cash Flow
Free Cash Flow	288.55M	253.07M	229.61M	166.60M	171.80M	136.74M
Operating Cash Flow	289.38M	260.68M	229.61M	213.96M	217.72M	164.75M
Investing Cash Flow	-332.26M	-178.01M	-409.56M	-98.82M	-22.74M	-18.77M
Financing Cash Flow	82.08M	-48.34M	-19.28M	-64.16M	-118.38M	-77.59M

Tanger Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKT, the sentiment is Positive. The current price of 32.62 is below the 20-day moving average (MA) of 33.07, below the 50-day MA of 33.20, and above the 200-day MA of 31.76, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 65.80 is Neutral, neither overbought nor oversold. The STOCH value of 89.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SKT.

Tanger Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PECO	72 Outperform	$4.84B	57.26	3.62%	3.56%	10.58%	37.97%
SKT	71 Outperform	$3.97B	36.74	16.81%	3.32%	9.59%	8.34%
KRG	69 Neutral	$4.83B	35.13	4.71%	4.85%	3.67%	―
FCPT	68 Neutral	$2.56B	22.28	7.56%	5.79%	8.28%	1.49%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AKR	64 Neutral	$2.64B	157.72	0.74%	3.90%	8.85%	27.38%
MAC	52 Neutral	$4.77B	―	-18.43%	4.02%	8.06%	74.26%

Tanger Corporate Events

Tanger Inc. Reports Strong Q3 2025 Results

Tanger Inc., a prominent owner and operator of outlet and open-air retail shopping destinations, has reported its financial results for the third quarter of 2025, showcasing strong performance metrics and strategic growth initiatives. The company, known for its extensive portfolio of retail centers across the U.S. and Canada, continues to innovate in the retail sector.

Tanger Inc. Shines in Earnings Call with Record Leasing

Tanger Inc. Reports Strong Earnings with Record Leasing and Strategic Acquisitions

Tanger Reports Strong Q3 2025 Financial Results

On November 4, 2025, Tanger reported its financial results for the third quarter of 2025, showing strong performance with net income and funds from operations both increasing compared to the previous year. The company achieved record leasing volume and high sales productivity, driven by robust tenant demand and strategic acquisitions, such as the addition of Tanger Kansas City at Legends. The company’s occupancy rate was 97.4% as of September 30, 2025, and average tenant sales per square foot increased, reflecting successful portfolio management. Tanger raised its full-year guidance, indicating confidence in continued growth and value creation for stakeholders.

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.