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SKT

SKT - Tanger Factory Outlet Centers Inc Stock Price, Fair Value and News

28.76USD+0.26 (+0.91%)Delayed as of 24 Apr 2024, 01:54 pm ET

Market Summary

SKT
USD28.76+0.26
Delayedas of 24 Apr 2024, 01:54 pm
0.91%

SKT Stock Price

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SKT RSI Chart

SKT Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

29.95

Price/Sales (Trailing)

7.07

EV/EBITDA

20.35

Price/Free Cashflow

13.52

SKT Price/Sales (Trailing)

SKT Profitability

EBT Margin

21.79%

Return on Equity

18.28%

Return on Assets

4.46%

Free Cashflow Yield

7.39%

SKT Fundamentals

SKT Revenue

Revenue (TTM)

438.9M

Rev. Growth (Yr)

7.02%

Rev. Growth (Qtr)

-13.11%

SKT Earnings

Earnings (TTM)

103.6M

Earnings Growth (Yr)

53.93%

Earnings Growth (Qtr)

2.33%

Breaking Down SKT Revenue

52 Week Range

18.0028.76
(Low)(High)

Last 7 days

7.3%

Last 30 days

-1.5%

Last 90 days

3.0%

Trailing 12 Months

53.0%

How does SKT drawdown profile look like?

SKT Financial Health

Debt/Equity

2.54

Debt/Cashflow

0.16

SKT Investor Care

Dividend Yield

3.4%

Dividend/Share (TTM)

0.97

Shares Dilution (1Y)

4.23%

Diluted EPS (TTM)

0.93

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023421.5M426.3M432.2M438.9M
2022415.9M420.5M419.5M421.4M
2021370.1M409.1M421.3M407.8M
2020452.6M402.4M387.6M377.9M
2019480.0M475.9M470.6M463.9M
2018476.6M478.0M479.4M480.7M
20173.3M2.6M238.9M475.3M
20165.3M4.9M4.4M3.8M
20154.3M5.3M5.3M5.4M
20143.2M3.3M3.5M3.6M
20130003.1M
20120002.0M

Tracking the Latest Insider Buys and Sells of Tanger Factory Outlet Centers Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 15, 2024
stein justin c
sold (taxes)
-53,060
28.42
-1,867
evp, leasing
Mar 15, 2024
yalof stephen
sold (taxes)
-342,006
28.42
-12,034
president & ceo
Mar 15, 2024
bilerman michael j
sold (taxes)
-179,103
28.42
-6,302
see remarks
Mar 15, 2024
swanson gallardo leslie
sold (taxes)
-85,061
28.42
-2,993
evp, chief operating officer
Mar 15, 2024
guerrieri thomas joseph jr
sold (taxes)
-32,427
28.42
-1,141
svp, cao
Mar 12, 2024
guerrieri thomas joseph jr
sold
-87,810
29.27
-3,000
svp, cao
Feb 29, 2024
skerritt susan e
back to issuer
-94,703
28.62
-3,309
-
Feb 26, 2024
guerrieri thomas joseph jr
sold (taxes)
-73,446
28.78
-2,552
svp, cao
Feb 26, 2024
guerrieri thomas joseph jr
acquired
-
-
11,659
svp, cao
Feb 26, 2024
swanson gallardo leslie
acquired
-
-
46,633
evp, chief operating officer

1–10 of 50

Which funds bought or sold SKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 22, 2024
RAYMOND JAMES & ASSOCIATES
reduced
-14.63
-272,936
2,739,720
-%
Apr 22, 2024
Raymond James Financial Services Advisors, Inc.
added
2.89
25,985
296,190
-%
Apr 22, 2024
Rosenberg Matthew Hamilton
unchanged
-
15.00
264
-%
Apr 22, 2024
MetLife Investment Management, LLC
unchanged
-
269,470
1,458,930
0.01%
Apr 19, 2024
State of Alaska, Department of Revenue
added
1.98
270,000
3,397,000
0.04%
Apr 19, 2024
Cutler Group LLC / CA
new
-
2,000
2,000
-%
Apr 19, 2024
VALLEY NATIONAL ADVISERS INC
new
-
3,000
3,000
-%
Apr 19, 2024
Maryland State Retirement & Pension System
added
1.34
-39,742
1,021,660
0.02%
Apr 19, 2024
Monument Capital Management
reduced
-4.15
9,266
449,592
0.13%
Apr 19, 2024
Eaton Financial Holdings Company, LLC
sold off
-100
-487,567
-
-%

1–10 of 47

Are Funds Buying or Selling SKT?

Are funds buying SKT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own SKT
No. of Funds

Unveiling Tanger Factory Outlet Centers Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
16.00%
16,848,211
SC 13G/A
Jan 29, 2024
state street corp
6.31%
6,643,009
SC 13G/A
Jan 19, 2024
blackrock inc.
18.3%
19,654,127
SC 13G/A
Feb 09, 2023
vanguard group inc
16.09%
16,785,960
SC 13G/A
Feb 07, 2023
state street corp
6.20%
6,471,877
SC 13G/A
Jan 23, 2023
blackrock inc.
18.0%
18,770,386
SC 13G/A
Feb 14, 2022
state street corp
5.34%
5,551,704
SC 13G/A
Feb 10, 2022
vanguard group inc
16.19%
16,839,838
SC 13G/A
Jan 27, 2022
blackrock inc.
18.0%
18,684,681
SC 13G/A
Jan 26, 2022
blackrock inc.
18.0%
18,684,681
SC 13G

Recent SEC filings of Tanger Factory Outlet Centers Inc

View All Filings
Date Filed Form Type Document
Apr 15, 2024
8-K
Current Report
Apr 04, 2024
ARS
ARS
Apr 04, 2024
DEF 14A
DEF 14A
Apr 04, 2024
DEFA14A
DEFA14A
Mar 18, 2024
4
Insider Trading
Mar 18, 2024
4
Insider Trading
Mar 18, 2024
4
Insider Trading
Mar 18, 2024
4
Insider Trading
Mar 18, 2024
4
Insider Trading
Mar 13, 2024
4
Insider Trading

Peers (Alternatives to Tanger Factory Outlet Centers Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
81.2B
11.1B
-9.63% -14.57%
59.43
7.29
4.04% -19.43%
41.5B
7.0B
-7.14% -23.31%
27.61
5.94
-0.07% -10.36%
26.8B
2.8B
3.01% 9.02%
28.86
9.68
6.73% -18.30%
19.9B
3.0B
-4.73% -3.60%
103.23
6.73
10.44% -74.28%
12.9B
1.6B
-1.98% 8.50%
29.83
8.02
7.80% 39.39%
11.1B
1.3B
1.26% 0.15%
30.42
8.39
8.04% -24.50%
9.9B
3.3B
-0.65% 20.81%
51.88
3.01
5.31% -77.32%
MID-CAP
8.5B
1.1B
3.35% 7.17%
36.02
7.54
5.38% -38.52%
3.5B
884.1M
-4.94% 65.24%
-12.7
3.94
2.90% -314.82%
3.4B
899.4M
-0.98% 126.14%
-6.02
3.78
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
2.71% 21.12%
20.35
2.98
4.38% 15.77%
1.2B
198.2M
0.88% 3.60%
-7.42
5.71
-43.33% -270.70%
1.1B
605.6M
-6.60% 4.26%
13.7
1.81
25.53% 134.62%
656.9M
258.7M
3.60% -29.41%
-13.5
2.54
0.11% 83.70%
415.3M
277.9M
-9.02% -18.46%
-26.19
1.49
44.33% 96.06%

Tanger Factory Outlet Centers Inc News

Latest updates
Yahoo Movies Canada • 19 Apr 2024 • 01:11 am
Quartz • 5 months ago
The Motley Fool • 21 months ago

Tanger Factory Outlet Centers Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-13.1%10211711110995.0011110610993.0011210110110710062.00109117115112120123
Operating Expenses17.9%96.0081.0077.0076.0092.0079.0078.0078.0090.0079.0075.0080.0012914.0068.0012615414.0084.0086.00118
  S&GA Expenses13.3%21.0019.0018.0017.00-51.9117.0019.0015.00-47.0315.0016.0017.00-34.9411.0012.0013.00-14.130.0016.0012.0011.00
EBITDA Margin-12.0%0.51*0.58*0.29*0.28*0.27*0.23*0.15*0.11*0.09*0.28*0.28*0.17*---------
Interest Expenses-253.1%-17.8912.0012.0012.0012.0012.0012.0012.0012.0013.0013.0014.0041.0016.003.0015.00-1.594.0015.004.00-2.15
Earnings Before Taxes-14.5%23.0026.0024.0023.0017.0022.0019.0019.0012.00-13.33-0.133.00-2.3414.00-20.91-29.65-14.6122.0013.0064.0026.00
EBT Margin4.2%0.22*0.21*0.20*0.19*0.18*0.17*0.09*0.04*0.00*-0.03*0.03*-0.02*---------
Net Income2.3%28.0028.0024.0024.0018.0023.0020.0021.0014.00-10.582.004.000.0013.00-22.69-26.88-11.7524.0014.0062.0020.00
Net Income Margin8.9%0.24*0.22*0.02*0.01*0.00*0.16*0.08*0.04*0.00*-0.01*0.02*0.01*---------
Free Cashflow45.5%77.0053.0073.0026.0091.0034.0070.0019.0074.0052.0060.0031.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets5.4%2,3232,2052,1962,1852,2182,1582,1552,1342,1572,1492,1312,2594632,1854584562,2852,3242,3442,3532,385
    Cash Equivalents-93.2%13.0018821320317.0018119415316114310820285.0020.0033960017.005.007.002.009.00
Liabilities2.4%1,7331,6931,6881,6791,7041,6421,6431,6241,6581,6693423431,8313752,2332,4433851,8261,8271,8501,879
  Long Term Debt0.9%1,4391,4271,4271,4281,4281,3951,3961,3971,3971,4111,3691,5431,5681,5681,9662,1681,5701,5721,5861,5831,713
Shareholder's Equity15.5%567491508506492516513511500480523483359349330348456498517503506
  Additional Paid-In Capital8.7%1,079993986984987985982979978975966913787784781778775772778781779
Shares Outstanding-100.0%-105105105104104104104104------------
Float---2,274---1,452---1,914---653---1,489--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations45.5%77,40253,19473,34525,57491,21933,66670,22118,85473,76852,34560,32931,27672,78677,744-13,06527,28261,42066,25059,55333,16878,358
  Share Based Compensation2.4%3,4713,3883,3812,2713,0043,0064,2512,7083,1502,9942,7633,8452,9512,3473,4303,7893,7493,5726,9813,8183,855
Cashflow From Investing-518.8%-322,422-52,102-33,164-1,873-67,446-23,276-4,755-3,340-20,811-5,9371,2922,717-6,4844,534-10,444-6,377-8,654-8,388-10,942127,273-3,208
Cashflow From Financing368.9%69,046-25,676-29,637-33,0117,661-23,806-24,104-23,914-34,772-10,846-155,71782,956-1,248-401,059-238,187562,901-40,834-60,559-42,842-167,898-70,421
  Dividend Payments24.1%32,06825,83925,83624,62323,01720,93920,94019,31519,03818,51017,95116,9243,499-3,49937,02833,03434,79438,52031,72334,64532,903
  Buy Backs------------------10,00010,000--

SKT Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Rental revenues$ 438,889$ 421,419$ 407,766
Management, leasing and other services 6,8336,411
Tanger Factory Outlet Centers, Inc. [Member]   
Revenues:   
Rental revenues438,889421,419407,766
Management, leasing and other services8,6607,1576,411
Other revenues16,85814,03712,348
Total revenues464,407442,613426,525
Expenses:   
Property operating145,547143,936140,736
General and administrative76,13071,53265,817
Impairment charges006,989
Depreciation and amortization108,889111,904110,008
Total expenses330,566327,372323,550
Other income (expense):   
Interest expense(47,928)(46,967)(52,866)
Loss on early extinguishment of debt0(222)(47,860)
Gain on sale of assets03,1560
Other income (expense)9,7296,029(1,595)
Total other income (expense)(38,199)(38,004)(102,321)
Income before equity in earnings of unconsolidated joint ventures95,64277,237654
Equity in earnings of unconsolidated joint ventures8,2408,5948,904
Net income103,88285,8319,558
Noncontrolling interests in Operating Partnership(4,483)(3,768)(440)
Noncontrolling interests in other consolidated partnerships(248)00
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc.$ 99,151$ 82,063$ 9,118
Basic earnings per common share:   
Net income (loss) (in dollars per share)$ 0.94$ 0.78$ 0.08
Diluted earnings per common share:   
Net income (loss) (in dollars per share)$ 0.92$ 0.77$ 0.08
Tanger Properties Limited Partnership [Member]   
Revenues:   
Rental revenues$ 438,889$ 421,419$ 407,766
Management, leasing and other services8,6607,1576,411
Other revenues16,85814,03712,348
Total revenues464,407442,613426,525
Expenses:   
Property operating145,547143,936140,736
General and administrative76,13071,53265,817
Impairment charges006,989
Depreciation and amortization108,889111,904110,008
Total expenses330,566327,372323,550
Other income (expense):   
Interest expense(47,928)(46,967)(52,866)
Loss on early extinguishment of debt0(222)(47,860)
Gain on sale of assets03,1560
Other income (expense)9,7296,029(1,595)
Total other income (expense)(38,199)(38,004)(102,321)
Income before equity in earnings of unconsolidated joint ventures95,64277,237654
Equity in earnings of unconsolidated joint ventures8,2408,5948,904
Net income103,88285,8319,558
Noncontrolling interests in consolidated partnerships(248)00
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc.103,63485,8319,558
Net income available to limited partners102,58884,9719,458
Net income available to general partner$ 1,046$ 860$ 100
Basic earnings per common share:   
Net income (loss) (in dollars per share)$ 0.94$ 0.78$ 0.08
Diluted earnings per common share:   
Net income (loss) (in dollars per share)$ 0.92$ 0.77$ 0.08

SKT Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Rental property:  
Operating lease right-of-use assets$ 77,400$ 78,600
Debt:  
Operating lease liabilities86,07687,500
Tanger Factory Outlet Centers, Inc. [Member]  
Rental property:  
Land303,605275,079
Buildings, improvements and fixtures2,938,4342,553,452
Construction in progress29,20127,340
Total rental property, at cost3,271,2402,855,871
Accumulated depreciation(1,318,264)(1,224,962)
Total rental property, net1,952,9761,630,909
Cash and cash equivalents12,778212,124
Short-term investments9,18752,450
Investments in unconsolidated joint ventures71,90073,809
Deferred lease costs and other intangibles, net91,26958,574
Operating lease right-of-use assets77,40078,636
Prepaids and other assets108,609111,163
Total assets2,324,1192,217,665
Debt:  
Senior, unsecured notes, net1,039,8401,037,998
Unsecured term loans, net322,322321,525
Mortgages payable, net64,04168,971
Unsecured lines of credit13,0000
Total debt1,439,2031,428,494
Accounts payable and accrued expenses118,505104,741
Operating lease liabilities86,07687,528
Other liabilities89,02282,968
Total liabilities1,732,8061,703,731
Commitments and contingencies (Note 22)
Tanger Inc.:  
Common shares, $0.01 par value, 300,000,000 shares authorized, 108,793,251 and 104,497,920 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively1,0881,045
Paid in capital1,079,387987,192
Accumulated distributions in excess of net income(490,171)(485,557)
Partners' Equity  
Accumulated other comprehensive loss(23,519)(11,037)
Equity attributable to Tanger Inc.566,785491,643
Noncontrolling interests in Operating Partnership24,52822,291
Noncontrolling interests in other consolidated partnerships00
Total equity591,313513,934
Total liabilities and equity2,324,1192,217,665
Tanger Properties Limited Partnership [Member]  
Rental property:  
Land303,605275,079
Buildings, improvements and fixtures2,938,4342,553,452
Construction in progress29,20127,340
Total rental property, at cost3,271,2402,855,871
Accumulated depreciation(1,318,264)(1,224,962)
Total rental property, net1,952,9761,630,909
Cash and cash equivalents12,572212,011
Short-term investments9,18752,450
Investments in unconsolidated joint ventures71,90073,809
Deferred lease costs and other intangibles, net91,26958,574
Operating lease right-of-use assets77,40078,636
Prepaids and other assets108,157110,622
Total assets2,323,4612,217,011
Debt:  
Senior, unsecured notes, net1,039,8401,037,998
Unsecured term loans, net322,322321,525
Mortgages payable, net64,04168,971
Unsecured lines of credit13,0000
Total debt1,439,2031,428,494
Accounts payable and accrued expenses117,847104,087
Operating lease liabilities86,07687,528
Other liabilities89,02282,968
Total liabilities1,732,1481,703,077
Commitments and contingencies (Note 22)
Partners' Equity  
General partner, 1,150,000 and 1,100,000 units outstanding at December 31, 2023 and December 31, 2022, respectively5,7764,516
Limited partners, 4,707,958 and 4,737,982 Class A common units, and 107,643,251 and 103,397,920 Class B common units outstanding at December 31, 2023 and December 31, 2022, respectively610,330521,168
Accumulated other comprehensive loss(24,793)(11,750)
Total partners' equity591,313513,934
Noncontrolling interests in other consolidated partnerships00
Total equity591,313513,934
Total liabilities and equity$ 2,323,461$ 2,217,011
SKT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended June 30, 2023.
 CEO
 WEBSITEtangeroutlets.com
 INDUSTRYREIT Mortgage
 EMPLOYEES341

Tanger Factory Outlet Centers Inc Frequently Asked Questions


What is the ticker symbol for Tanger Factory Outlet Centers Inc? What does SKT stand for in stocks?

SKT is the stock ticker symbol of Tanger Factory Outlet Centers Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tanger Factory Outlet Centers Inc (SKT)?

As of Tue Apr 23 2024, market cap of Tanger Factory Outlet Centers Inc is 3.1 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SKT stock?

You can check SKT's fair value in chart for subscribers.

What is the fair value of SKT stock?

You can check SKT's fair value in chart for subscribers. The fair value of Tanger Factory Outlet Centers Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Tanger Factory Outlet Centers Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SKT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Tanger Factory Outlet Centers Inc a good stock to buy?

The fair value guage provides a quick view whether SKT is over valued or under valued. Whether Tanger Factory Outlet Centers Inc is cheap or expensive depends on the assumptions which impact Tanger Factory Outlet Centers Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SKT.

What is Tanger Factory Outlet Centers Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, SKT's PE ratio (Price to Earnings) is 29.95 and Price to Sales (PS) ratio is 7.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SKT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Tanger Factory Outlet Centers Inc's stock?

In the past 10 years, Tanger Factory Outlet Centers Inc has provided 0.021 (multiply by 100 for percentage) rate of return.