Market Summary
USD22.56+0.07
Delayedas of 22 Sep 2023, 11:00 am0.31%
SKT Stock Price
SKT RSI Chart
SKT Valuation
SKT Price/Sales (Trailing)
SKT Profitability
SKT Fundamentals
SKT Revenue
SKT Earnings
Price Action
52 Week Range
13.0925.23
(Low)(High)
Last 7 days
-5.2%
Last 30 days
-1.6%
Last 90 days
9.8%
Trailing 12 Months
51.6%
SKT Financial Health
SKT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SKT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-15 | CITRIN JEFFREY B | acquired | 14,999 | 24.93 | 601 | - |
2023-06-13 | TANGER STEVEN B | sold | -1,758,590 | 22.00 | -79,936 | executive chair of the board |
2023-06-12 | TANGER STEVEN B | sold | -4,768,790 | 21.67 | -220,064 | executive chair of the board |
2023-06-02 | SKERRITT SUSAN E | sold | -69,642 | 21.04 | -3,310 | - |
2023-05-17 | REDDIN THOMAS | sold | -99,750 | 19.95 | -5,000 | - |
2023-05-15 | CITRIN JEFFREY B | acquired | 15,000 | 19.04 | 787 | - |
2023-04-10 | Yalof Stephen | sold (taxes) | -1,193,810 | 19.37 | -61,632 | president & ceo |
2023-03-14 | HENRY DAVID | acquired | - | - | 9,413 | - |
2023-03-14 | REDDIN THOMAS | acquired | - | - | 9,413 | - |
2023-03-14 | Guerrieri Thomas Joseph JR | acquired | - | - | 7,844 | svp, cao |
Which funds bought or sold SKT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 16.00 | 134 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 179,335 | 1,622,100 | 0.02% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 280 | 3,355,960 | 4,378,690 | 0.04% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -0.91 | 110,505 | 1,078,530 | -% |
2023-08-21 | BOKF, NA | reduced | -33.04 | -19,443 | 59,214 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.71 | 119,000 | 749,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.1 | 255,862 | 2,796,000 | -% |
2023-08-18 | Legato Capital Management LLC | new | - | 548,528 | 548,528 | 0.07% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -0.35 | 1,887,710 | 17,568,700 | 0.01% |
2023-08-16 | RESOURCES MANAGEMENT CORP /CT/ /ADV | reduced | -82.5 | -3,000 | 4,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Tanger Factory Outlet Centers
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 11, 2021 | state street corp | 5.01% | 4,680,374 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 15.97% | 14,928,210 | SC 13G/A | |
| Jan 25, 2021 | blackrock inc. | 17.6% | 16,438,383 | SC 13G |
Recent SEC filings of Tanger Factory Outlet Centers
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 3 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Aug 03, 2023 | 8-K | Current Report | |
| Jun 29, 2023 | 10-K/A | Annual Report | |
| Jun 14, 2023 | 4 | Insider Trading |
Peers (Alternatives to Tanger Factory Outlet Centers)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 37.1B | 5.1B | 0.18% | 16.53% | 86.68 | 7.23 | 13.73% | -68.04% |
EQR | 23.1B | 2.0B | -3.50% | -10.37% | 27.75 | 11.47 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -10.04% | -26.51% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.1B | 1.8B | -3.28% | -9.24% | 27.53 | 6.33 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -2.20% | 0.81% | 19.78 | 6.92 | 8.31% | 38.10% |
KRG | 4.8B | 820.5M | 1.11% | 18.25% | 170.48 | 5.83 | 29.95% | 125.56% |
VNO | 4.4B | 1.8B | 8.98% | -6.64% | -11.75 | 2.4 | 5.60% | -286.96% |
MAC | 2.5B | 866.2M | 3.43% | 32.37% | -28.34 | 2.85 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SLG | 2.5B | 882.0M | 14.11% | -6.27% | -5.55 | 2.78 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.62% | 51.64% | 24.98 | 5.55 | 1.38% | 137.97% |
PGRE | 1.0B | 732.3M | - | -27.89% | -12.26 | 1.43 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -10.86% | -15.80% | -5.68 | 2.96 | 88.48% | -168.70% |
Tanger Factory Outlet Centers News
Returns for SKT
Cumulative Returns on SKT
0.8%
10-Year Cumulative Returns
-3.0%
7-Year Cumulative Returns
4.7%
5-Year Cumulative Returns
59.2%
3-Year Cumulative Returns
Risks for SKT
What is the probability of a big loss on SKT?
79.2%
Probability that Tanger Factory Outlet Centers stock will be more than 20% underwater in next one year
49.2%
Probability that Tanger Factory Outlet Centers stock will be more than 30% underwater in next one year.
20%
Probability that Tanger Factory Outlet Centers stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SKT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Tanger Factory Outlet Centers was unfortunately bought at previous high price.
Drawdowns
Financials for Tanger Factory Outlet Centers
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.1% | 426,297,000 | 421,494,000 | 421,419,000 | 419,486,000 | 420,505,000 | 415,940,000 | 407,766,000 | 421,282,000 | 409,068,000 | 370,068,000 | 377,932,000 | 387,639,000 | 402,438,000 | 452,550,000 | 463,946,000 | 387,039,500 | 310,133,000 | 233,226,500 | 156,320,000 | 79,413,500 | 2,507,000 |
| Operating Expenses | -0.4% | 310,361,333 | 311,482,667 | - | 314,140,000 | 314,214,667 | 309,462,667 | - | 311,844,000 | 309,872,000 | 321,016,000 | - | - | - | - | - | - | - | - | - | - | - |
| S&GA Expenses | -1.9% | 70,810,667 | 72,177,333 | - | 69,554,667 | 66,150,667 | 61,312,000 | - | 63,080,000 | 64,986,000 | 67,172,000 | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | -100.0% | - | 235,925,333 | - | 230,145,333 | 186,810,667 | 195,528,000 | 161,760,000 | 172,046,000 | 172,046,000 | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.56 | - | 0.55 | 0.53 | 0.46 | 0.40 | 0.41 | 0.42 | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expenses | 1.1% | 47,958,667 | 47,438,667 | - | 46,493,333 | 48,656,000 | 51,005,333 | - | 54,642,667 | 55,400,000 | 57,448,000 | - | - | - | - | - | - | - | - | - | - | - |
| Earnings Before Taxes | 7.8% | 91,745,333 | 85,076,000 | - | 79,774,667 | 32,278,667 | 7,313,333 | - | -14,521,333 | 4,882,000 | 10,292,000 | - | - | - | - | - | - | - | - | - | - | - |
| EBT Margin | -100.0% | - | 0.20 | - | 0.19 | 0.18 | 0.09 | 0.01 | 0.01 | 0.01 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 6.4% | 94,692,000 | 88,962,667 | - | 84,932,000 | 39,792,000 | 16,556,000 | - | -5,290,666 | 13,222,000 | 16,532,000 | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Margin | -100.0% | - | 0.21 | - | 0.20 | 0.19 | 0.11 | 0.03 | 0.03 | 0.03 | - | - | - | - | - | - | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 172,614,667 | - | 163,654,667 | 188,560,000 | 158,366,000 | 183,210,000 | 183,210,000 | 183,210,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||
|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.5% | 2,196 | 2,185 | 2,218 | 2,158 | 2,155 | 2,134 | 2,157 |
| Cash Equivalents | 5.0% | 213 | 203 | 212 | 181 | 194 | 153 | 161 |
| Liabilities | 0.5% | 1,688 | 1,679 | 1,704 | 1,642 | 1,643 | 1,624 | 1,658 |
| Long Term Debt | 0.0% | 1,427 | 1,428 | 1,428 | 1,395 | 1,396 | 1,397 | 1,397 |
| Shareholder's Equity | -4.0% | 486 | 506 | 492 | 493 | 513 | 511 | 500 |
| Additional Paid-In Capital | 0.2% | 986 | 984 | 987 | 985 | 982 | 979 | 978 |
| Shares Outstanding | -0.1% | 105 | 105 | 104 | 104 | 104 | 104 | 104 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q3 | 2021Q2 | 2021Q1 |
| Cashflow From Operations | 2.4% | 177 | 173 | 164 | 189 | 175 | 192 | 183 | 125 |
| Share Based Compensation | -9.1% | 12.00 | 13.00 | 13.00 | 13.00 | 11.00 | 13.00 | 13.00 | 15.00 |
| Cashflow From Investing | -95.0% | -77.75 | -39.87 | -41.83 | -18.71 | -10.65 | -2.57 | 8.00 | 11.00 |
| Cashflow From Financing | -6.8% | -115 | -107 | -95.77 | -78.49 | -253 | -111 | -145 | 332 |
| Dividend Payments | 7.4% | 95.00 | 89.00 | 82.00 | 78.00 | 74.00 | 71.00 | 70.00 | 68.00 |
SKT Income Statement
2023-06-30TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Rental revenues | $ 104,588 | $ 101,409 | $ 208,170 | $ 206,018 |
| Management, leasing and other services | 2,122 | 1,436 | 4,036 | 2,963 |
| Other revenues | 3,931 | 2,993 | 7,378 | 5,725 |
| Total revenues | 110,641 | 105,838 | 219,584 | 214,706 |
| Expenses: | ||||
| Property operating | 33,712 | 32,697 | 66,860 | 69,455 |
| General and administrative | 18,304 | 19,329 | 35,738 | 34,796 |
| Depreciation and amortization | 25,389 | 26,220 | 51,282 | 52,463 |
| Total expenses | 77,405 | 78,246 | 153,880 | 156,714 |
| Other income (expense): | ||||
| Interest expense | (11,966) | (11,576) | (24,309) | (23,210) |
| Other income (expense) | 2,324 | 2,576 | 5,124 | 2,759 |
| Total other income (expense) | (9,642) | (9,000) | (19,185) | (20,451) |
| Income before equity in earnings of unconsolidated joint ventures | 23,594 | 18,592 | 46,519 | 37,541 |
| Equity in earnings of unconsolidated joint ventures | 1,706 | 2,227 | 3,641 | 4,740 |
| Net income | 25,300 | 20,819 | 50,160 | 42,281 |
| Noncontrolling interests in Operating Partnership | (1,098) | (914) | (2,169) | (1,858) |
| Noncontrolling interests in other consolidated partnerships | 0 | 0 | (248) | 0 |
| Net income attributable to Tanger Factory Outlet Centers, Inc. | $ 24,202 | $ 19,905 | $ 47,743 | $ 40,423 |
| Basic earnings per common share/unit | ||||
| Net income (in dollars per unit) | $ 0.23 | $ 0.19 | $ 0.45 | $ 0.39 |
| Diluted earnings per common share/unit | ||||
| Net income (in dollars per unit) | $ 0.23 | $ 0.19 | $ 0.45 | $ 0.38 |
SKT Balance Sheet
2023-06-30TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Rental property: | ||
| Land | $ 275,081 | $ 275,079 |
| Buildings, improvements and fixtures | 2,564,722 | 2,553,452 |
| Construction in progress | 88,788 | 27,340 |
| Rental property, at cost, total | 2,928,591 | 2,855,871 |
| Accumulated depreciation | (1,271,635) | (1,224,962) |
| Total rental property, net | 1,656,956 | 1,630,909 |
| Cash and cash equivalents | 213,002 | 212,124 |
| Short-term investments | 15,370 | 52,450 |
| Investments in unconsolidated joint ventures | 74,460 | 73,809 |
| Deferred lease costs and other intangibles, net | 55,588 | 58,574 |
| Operating lease right-of-use assets | 78,025 | 78,636 |
| Prepaids and other assets | 102,547 | 111,163 |
| Total assets | 2,195,948 | 2,217,665 |
| Debt: | ||
| Senior, unsecured notes, net | 1,038,915 | 1,037,998 |
| Unsecured term loan, net | 321,947 | 321,525 |
| Mortgages payable, net | 66,529 | 68,971 |
| Unsecured lines of credit | 0 | 0 |
| Total debt | 1,427,391 | 1,428,494 |
| Accounts payable and accrued expenses | 91,897 | 104,741 |
| Operating lease liabilities | 86,929 | 87,528 |
| Other liabilities | 81,988 | 82,968 |
| Total liabilities | 1,688,205 | 1,703,731 |
| Commitments and contingencies | ||
| Tanger Factory Outlet Centers, Inc.: | ||
| Common shares, $0.01 par value, 300,000,000 shares authorized, 105,185,781 and 104,497,920 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively | 1,052 | 1,045 |
| Paid in capital | 986,472 | 987,192 |
| Accumulated distributions in excess of net income | (488,273) | (485,557) |
| Accumulated other comprehensive loss | (13,342) | (11,037) |
| Equity attributable to Tanger Factory Outlet Centers, Inc. | 485,909 | 491,643 |
| Noncontrolling interests in Operating Partnership | 21,834 | 22,291 |
| Noncontrolling interests in other consolidated partnerships | 0 | 0 |
| Total equity | 507,743 | 513,934 |
| Total liabilities and equity | $ 2,195,948 | $ 2,217,665 |
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.