Last 7 days
5.1%
Last 30 days
9.5%
Last 90 days
7.6%
Trailing 12 Months
23.3%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 52.5B | 4.0B | 7.67% | -8.93% | 11.52 | 13.06 | 24.01% | 170.44% |
SPG | 36.1B | 4.0B | 11.78% | -8.09% | 14.04 | 7.05 | -3.96% | -2.35% |
DLR | 32.0B | 4.6B | 11.98% | -21.93% | 22.2 | 7 | 4.35% | 106.20% |
ARE | 23.9B | 2.5B | 12.96% | -11.45% | 44.1 | 9.58 | 24.01% | -42.18% |
EQR | 23.8B | 2.7B | 8.93% | -25.05% | 20.82 | 8.78 | 11.91% | 8.14% |
KIM | 13.1B | 1.7B | -4.07% | -13.87% | 50.83 | 7.71 | 40.37% | -73.28% |
MID-CAP | ||||||||
FRT | 9.0B | 1.0B | 11.82% | -6.19% | 23.51 | 8.63 | 14.39% | 59.45% |
KRG | 4.7B | 760.3M | 4.25% | 8.52% | -42.67 | 6.22 | 172.75% | -1146.68% |
VNO | 4.5B | - | 12.49% | -36.11% | 28.41 | 13.26 | -77.01% | 441.99% |
MAC | 2.9B | 828.2M | 23.71% | -12.14% | -34.67 | 3.55 | 9.54% | 46.68% |
SLG | 2.6B | - | 20.65% | -40.24% | -39.69 | 2.65 | -9.84% | -109.68% |
SKT | 2.0B | - | 9.49% | 23.30% | 23.66 | 4.36 | 4.67% | 1705.32% |
SMALL-CAP | ||||||||
PGRE | 1.4B | 740.6M | 12.63% | -22.19% | 528.1 | 1.92 | 2.16% | 107.41% |
AIV | 1.1B | 195.1M | 8.56% | 15.83% | 3.83 | 5.82 | 20.60% | 1640.65% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | NaN% | null | null | null | 408 | 394 |
Operating Expenses | 0.0% | 314 | 314 | 309 | 312 | - |
S&GA Expenses | 5.1% | 70 | 66 | 61 | 63 | - |
EBITDA | 23.2% | 230 | 187 | 196 | 162 | - |
EBITDA Margin | 14.6% | 0.53* | 0.46* | 0.40* | - | - |
Earnings Before Taxes | 147.1% | 80 | 32 | 7 | -14.52 | - |
EBT Margin | 97.4% | 0.18* | 0.09* | 0.01* | - | - |
Interest Expenses | -4.4% | 46 | 49 | 51 | 55 | - |
Net Income | 113.4% | 85 | 40 | 17 | -5.29 | - |
Net Income Margin | 73.9% | 0.19* | 0.11* | 0.03* | - | - |
Free Cahsflow | -13.2% | 164 | 189 | 158 | 183 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | |
Assets | 0.1% | 2,158 | 2,155 | 2,134 | 2,157 | - |
Cash Equivalents | -6.9% | 181 | 194 | 153 | 161 | - |
Liabilities | 0.0% | 1,642 | 1,643 | 1,624 | 1,658 | - |
Long Term Debt | 0.0% | 1,395 | 1,396 | 1,397 | 1,397 | - |
Shareholder's Equity | 0.7% | 493 | 490 | 511 | 478 | - |
Additional Paid-In Capital | 0.3% | 985 | 982 | 979 | 978 | - |
Shares Outstanding | 0.0% | 104 | 104 | 104 | 104 | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q3 | 2021Q2 |
Cashflow From Operations | -13.2% | 164 | 189 | 175 | 192 | 183 |
Share Based Compensation | 0.1% | 13 | 13 | 11 | 13 | 13 |
Cashflow From Investing | -123.6% | -41.83 | -18.71 | -10.65 | -2.57 | 8 |
Cashflow From Financing | -22.0% | -95.77 | -78.49 | -253.97 | -111.48 | -145.52 |
Dividend Payments | 4.1% | 82 | 78 | 74 | 71 | 70 |
81.2%
51.9%
20%
Y-axis is the maximum loss one would have experienced if Tanger Factory Outlet Centers was unfortunately bought at previous high price.
-1.4%
-1.9%
0.3%
14.9%
FIve years rolling returns for Tanger Factory Outlet Centers.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-01-26 | Sightline Wealth Advisors, LLC | new | - | 1,269,510 | 1,269,510 | 1.37% |
2023-01-26 | STRS OHIO | added | 14.3 | 991,000 | 2,977,000 | 0.01% |
2023-01-26 | COMERICA BANK | reduced | -22.58 | -241,000 | 1,133,000 | 0.01% |
2023-01-26 | Accel Wealth Management | unchanged | - | 2,401 | 13,401 | 0.01% |
2023-01-26 | Inspire Investing, LLC | reduced | -12.91 | 29,162 | 236,162 | 0.03% |
2023-01-26 | State of Tennessee, Treasury Department | added | 5.26 | 12,000 | 998,000 | -% |
2023-01-26 | Sumitomo Mitsui DS Asset Management Company, Ltd | unchanged | - | 65,128 | 275,128 | 0.01% |
2023-01-26 | Eagle Bay Advisors LLC | reduced | -87.1 | -34,824 | 7,176 | -% |
2023-01-26 | OREGON PUBLIC EMPLOYEES RETIREMENT FUND | added | 0.95 | 152,195 | 622,195 | 0.01% |
2023-01-26 | DUPONT CAPITAL MANAGEMENT CORP | sold off | -100 | -337,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | |
Feb 14, 2020 | state street corp | 31.91% | 29,643,729 | SC 13G | |
Feb 11, 2020 | vanguard group inc | 16.46% | 15,292,191 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Jan 23, 2023 | SC 13G/A | Major Ownership Report | |
Jan 09, 2023 | 8-K | Current Report | |
Dec 21, 2022 | 4 | Insider Trading | |
Dec 01, 2022 | 3 | Insider Trading | |
Dec 01, 2022 | 4 | Insider Trading | |
Nov 28, 2022 | 10-K/A | Annual Report | |
Nov 28, 2022 | 10-Q/A | Quarterly Report | |
Nov 28, 2022 | 10-Q/A | Quarterly Report | |
Nov 16, 2022 | 4 | Insider Trading | |
Nov 16, 2022 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-12-20 | Wingrove Andrew R | sold (taxes) | -157,970 | 18.12 | -8,718 | evp, chief commercial officer |
2022-11-29 | Bilerman Michael J | acquired | - | - | 129,066 | see remarks |
2022-11-15 | CITRIN JEFFREY B | acquired | 8,750.02 | 19.15 | 456.92 | - |
2022-11-14 | TANGER STEVEN B | sold | -975,000 | 19.5 | -50,000 | executive chair of the board |
2022-11-04 | Stein Justin C | sold (taxes) | -25,170.2 | 18.84 | -1,336 | evp, leasing |
2022-11-03 | TANGER STEVEN B | sold | -950,000 | 19 | -50,000 | executive chair of the board |
2022-08-15 | CITRIN JEFFREY B | acquired | - | - | 1,192.48 | - |
2022-07-01 | Williams James Floyd | sold (taxes) | -331,511 | 14.22 | -23,313 | executive vp & cfo |
2022-05-17 | REDDIN THOMAS | sold | -96,000 | 19.2 | -5,000 | - |
2022-05-16 | REDDIN THOMAS | sold | -180,000 | 18 | -10,000 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues: | |||
Rental revenues | $ 407,766 | $ 377,932 | $ 463,946 |
Management, leasing and other services | 6,411 | 4,936 | 5,419 |
Other income (expense): | |||
Gain on sale of assets | 43,422 | ||
Tanger Factory Outlet Centers, Inc. [Member] | |||
Revenues: | |||
Rental revenues | 407,766 | 377,932 | 463,946 |
Management, leasing and other services | 6,411 | 4,936 | 5,419 |
Other revenues | 12,348 | 7,123 | 8,983 |
Total revenues | 426,525 | 389,991 | 478,348 |
Expenses: | |||
Property operating | 140,736 | 137,135 | 157,734 |
General and administrative | 65,817 | 47,733 | 53,790 |
Impairment charges | 6,989 | 67,226 | 37,610 |
Depreciation and amortization | 110,008 | 117,143 | 123,314 |
Total expenses | 323,550 | 369,237 | 372,448 |
Other income (expense): | |||
Interest expense | (52,866) | (63,142) | (61,672) |
Loss on early extinguishment of debt | (47,860) | 0 | 0 |
Gain on sale of assets | 0 | 2,324 | 43,422 |
Other income (expense) | (1,595) | 925 | (2,761) |
Total other income (expense) | (102,321) | (59,893) | (21,011) |
Income (loss) before equity in earnings of unconsolidated joint ventures | 654 | (39,139) | 84,889 |
Equity in earnings of unconsolidated joint ventures | 8,904 | 1,126 | 7,839 |
Net income (loss) | 9,558 | (38,013) | 92,728 |
Noncontrolling interests in Operating Partnership | (440) | 1,925 | (4,678) |
Noncontrolling interests in other consolidated partnerships | 0 | (190) | (195) |
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. | $ 9,118 | $ (36,278) | $ 87,855 |
Basic earnings per common share: | |||
Net income (loss) (in dollars per share) | $ 0.08 | $ (0.40) | $ 0.93 |
Diluted earnings per common share: | |||
Net income (loss) (in dollars per share) | $ 0.08 | $ (0.40) | $ 0.93 |
Tanger Properties Limited Partnership [Member] | |||
Revenues: | |||
Rental revenues | $ 407,766 | $ 377,932 | $ 463,946 |
Management, leasing and other services | 6,411 | 4,936 | 5,419 |
Other revenues | 12,348 | 7,123 | 8,983 |
Total revenues | 426,525 | 389,991 | 478,348 |
Expenses: | |||
Property operating | 140,736 | 137,135 | 157,734 |
General and administrative | 65,817 | 47,733 | 53,790 |
Impairment charges | 6,989 | 67,226 | 37,610 |
Depreciation and amortization | 110,008 | 117,143 | 123,314 |
Total expenses | 323,550 | 369,237 | 372,448 |
Other income (expense): | |||
Interest expense | (52,866) | (63,142) | (61,672) |
Loss on early extinguishment of debt | (47,860) | 0 | 0 |
Gain on sale of assets | 0 | 2,324 | 43,422 |
Other income (expense) | (1,595) | 925 | (2,761) |
Total other income (expense) | (102,321) | (59,893) | (21,011) |
Income (loss) before equity in earnings of unconsolidated joint ventures | 654 | (39,139) | 84,889 |
Equity in earnings of unconsolidated joint ventures | 8,904 | 1,126 | 7,839 |
Net income (loss) | 9,558 | (38,013) | 92,728 |
Noncontrolling interests in consolidated partnerships | 0 | (190) | (195) |
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. | 9,558 | (38,203) | 92,533 |
Net income (loss) available to limited partners | 9,458 | (37,815) | 91,597 |
Net income (loss) available to general partner | $ 100 | $ (388) | $ 936 |
Basic earnings per common share: | |||
Net income (loss) (in dollars per share) | $ 0.08 | $ (0.40) | $ 0.93 |
Diluted earnings per common share: | |||
Net income (loss) (in dollars per share) | $ 0.08 | $ (0.40) | $ 0.93 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
---|---|---|
Rental property: | ||
Operating lease right-of-use assets | $ 79,800 | $ 81,500 |
Debt: | ||
Operating lease liabilities | 88,874 | 90,100 |
Tanger Factory Outlet Centers, Inc. [Member] | ||
Rental property: | ||
Land | 268,269 | 265,968 |
Buildings, improvements and fixtures | 2,532,489 | 2,527,404 |
Total rental property, at cost | 2,800,758 | 2,793,372 |
Accumulated depreciation | (1,145,388) | (1,054,993) |
Total rental property, net | 1,655,370 | 1,738,379 |
Cash and cash equivalents | 161,255 | 84,832 |
Investments in unconsolidated joint ventures | 82,647 | 94,579 |
Deferred lease costs and other intangibles, net | 73,720 | 84,960 |
Operating lease right-of-use assets | 79,807 | 81,499 |
Prepaids and other assets | 104,585 | 105,282 |
Total assets | 2,157,384 | 2,189,531 |
Debt: | ||
Senior, unsecured notes, net | 1,036,181 | 1,140,576 |
Unsecured term loans, net | 298,421 | 347,370 |
Mortgages payable, net | 62,474 | 79,940 |
Unsecured lines of credit | 0 | 0 |
Total debt | 1,397,076 | 1,567,886 |
Accounts payable and accrued expenses | 92,995 | 88,253 |
Operating lease liabilities | 88,874 | 90,105 |
Other liabilities | 78,650 | 84,404 |
Total liabilities | 1,657,595 | 1,830,648 |
Commitments and contingencies (Note 21) | ||
Tanger Factory Outlet Centers, Inc.: | ||
Common shares, $0.01 par value, 300,000,000 shares authorized, 104,084,734 and 93,569,801 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively | 1,041 | 936 |
Paid in capital | 978,054 | 787,143 |
Accumulated distributions in excess of net income | (483,409) | (420,104) |
Partners' Equity | ||
Accumulated other comprehensive loss | (17,761) | (26,585) |
Equity attributable to Tanger Factory Outlet Centers, Inc. | 477,925 | 341,390 |
Noncontrolling interests in Operating Partnership | 21,864 | 17,493 |
Noncontrolling interests in other consolidated partnerships | 0 | 0 |
Total equity | 499,789 | 358,883 |
Total liabilities and equity | 2,157,384 | 2,189,531 |
Tanger Properties Limited Partnership [Member] | ||
Rental property: | ||
Land | 268,269 | 265,968 |
Buildings, improvements and fixtures | 2,532,489 | 2,527,404 |
Total rental property, at cost | 2,800,758 | 2,793,372 |
Accumulated depreciation | (1,145,388) | (1,054,993) |
Total rental property, net | 1,655,370 | 1,738,379 |
Cash and cash equivalents | 161,152 | 84,750 |
Investments in unconsolidated joint ventures | 82,647 | 94,579 |
Deferred lease costs and other intangibles, net | 73,720 | 84,960 |
Operating lease right-of-use assets | 79,807 | 81,499 |
Prepaids and other assets | 104,362 | 104,800 |
Total assets | 2,157,058 | 2,188,967 |
Debt: | ||
Senior, unsecured notes, net | 1,036,181 | 1,140,576 |
Unsecured term loans, net | 298,421 | 347,370 |
Mortgages payable, net | 62,474 | 79,940 |
Unsecured lines of credit | 0 | 0 |
Total debt | 1,397,076 | 1,567,886 |
Accounts payable and accrued expenses | 92,669 | 87,689 |
Operating lease liabilities | 88,874 | 90,105 |
Other liabilities | 78,650 | 84,404 |
Total liabilities | 1,657,269 | 1,830,084 |
Commitments and contingencies (Note 21) | ||
Partners' Equity | ||
General partner, 1,100,000 and 1,000,000 units outstanding at December 31, 2021 and December 31, 2020, respectively | 4,539 | 3,334 |
Limited partners, 4,761,559 and 4,794,643 Class A common units, and 102,984,734 and 92,569,801 Class B common units outstanding at December 31, 2021 and December 31, 2020, respectively | 514,023 | 383,588 |
Accumulated other comprehensive loss | (18,773) | (28,039) |
Total partners' equity | 499,789 | 358,883 |
Noncontrolling interests in other consolidated partnerships | 0 | 0 |
Total equity | 499,789 | 358,883 |
Total liabilities and equity | $ 2,157,058 | $ 2,188,967 |