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Tanger Factory Outlet Centers Inc Stock Research

SKT

19.26USD+0.29(+1.53%)Market Closed

Market Summary

USD19.26+0.29
Market Closed
1.53%

SKT Stock Price

SKT RSI Chart

SKT Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

23.66

Price/Sales (Trailing)

4.36

EV/EBITDA

14.01

Price/Free Cashflow

12.28

SKT Price/Sales (Trailing)

SKT Profitability

EBT Margin

17.54%

Return on Equity

17.21%

Return on Assets

3.94%

Free Cashflow Yield

8.14%

SKT Fundamentals

SKT Revenue

Revenue Y/Y

-1.58%

Revenue Q/Q

0.46%

SKT Earnings

Earnings (TTM)

84.9M

Earnings Y/Y

320.02%

Earnings Q/Q

16.94%

Price Action

52 Week Range

13.0919.91
(Low)(High)

Last 7 days

5.1%

Last 30 days

9.5%

Last 90 days

7.6%

Trailing 12 Months

23.3%

SKT Financial Health

Debt/Equity

2.83

Debt/Cashflow

0.12

SKT Investor Care

Dividend Yield

4.03%

Dividend/Share (TTM)

0.78

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

0.8

Peers (Alternatives to Tanger Factory Outlet Centers)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
52.5B
4.0B
7.67% -8.93%
11.52
13.06
24.01% 170.44%
36.1B
4.0B
11.78% -8.09%
14.04
7.05
-3.96% -2.35%
32.0B
4.6B
11.98% -21.93%
22.2
7
4.35% 106.20%
23.9B
2.5B
12.96% -11.45%
44.1
9.58
24.01% -42.18%
23.8B
2.7B
8.93% -25.05%
20.82
8.78
11.91% 8.14%
13.1B
1.7B
-4.07% -13.87%
50.83
7.71
40.37% -73.28%
MID-CAP
9.0B
1.0B
11.82% -6.19%
23.51
8.63
14.39% 59.45%
4.7B
760.3M
4.25% 8.52%
-42.67
6.22
172.75% -1146.68%
4.5B
-
12.49% -36.11%
28.41
13.26
-77.01% 441.99%
2.9B
828.2M
23.71% -12.14%
-34.67
3.55
9.54% 46.68%
2.6B
-
20.65% -40.24%
-39.69
2.65
-9.84% -109.68%
2.0B
-
9.49% 23.30%
23.66
4.36
4.67% 1705.32%
SMALL-CAP
1.4B
740.6M
12.63% -22.19%
528.1
1.92
2.16% 107.41%
1.1B
195.1M
8.56% 15.83%
3.83
5.82
20.60% 1640.65%

Financials for Tanger Factory Outlet Centers

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
RevenueNaN%nullnullnull408394
Operating Expenses0.0%314314309312-
  S&GA Expenses5.1%70666163-
EBITDA23.2%230187196162-
EBITDA Margin14.6%0.53*0.46*0.40*--
Earnings Before Taxes147.1%80327-14.52-
EBT Margin97.4%0.18*0.09*0.01*--
Interest Expenses-4.4%46495155-
Net Income113.4%854017-5.29-
Net Income Margin73.9%0.19*0.11*0.03*--
Free Cahsflow-13.2%164189158183-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q4
Assets0.1%2,1582,1552,1342,157-
    Cash Equivalents-6.9%181194153161-
Liabilities0.0%1,6421,6431,6241,658-
  Long Term Debt0.0%1,3951,3961,3971,397-
Shareholder's Equity0.7%493490511478-
  Additional Paid-In Capital0.3%985982979978-
Shares Outstanding0.0%104104104104-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q32021Q2
Cashflow From Operations-13.2%164189175192183
  Share Based Compensation0.1%1313111313
Cashflow From Investing-123.6%-41.83-18.71-10.65-2.578
Cashflow From Financing-22.0%-95.77-78.49-253.97-111.48-145.52
  Dividend Payments4.1%8278747170

Risks for SKT

What is the probability of a big loss on SKT?

81.2%


Probability that Tanger Factory Outlet Centers stock will be more than 20% underwater in next one year

51.9%


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

Returns for SKT

Cumulative Returns on SKT

-1.4%


10-Year Cumulative Returns

-1.9%


7-Year Cumulative Returns

0.3%


5-Year Cumulative Returns

14.9%


3-Year Cumulative Returns

What are the long-term rolling returns for SKT?

FIve years rolling returns for Tanger Factory Outlet Centers.

Annualized Returns

Which funds bought or sold SKT recently?

View All Details
Datesorted ascendingFund NameType% 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
-
-%

1–10 of 49

Latest Funds Activity

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

Tanger Factory Outlet Centers News

The Motley Fool

3 Magnificent Dividend Stocks to Buy Right Now.

The Motley Fool,
14 hours ago

PR Newswire

Seeking Alpha

Indexology: REITs Vs. The S&P 500.

Seeking Alpha,
31 days ago

Schedule 13G FIlings of Tanger Factory Outlet Centers

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

SKT Fair Value

Recent SEC filings of Tanger Factory Outlet Centers

View All Filings
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

Latest Insider Trading transactions for SKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Stephen J. Yalof
570
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.

SKT Income Statement

2021-12-31
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 services6,4114,9365,419
Other income (expense):   
Gain on sale of assets  43,422
Tanger Factory Outlet Centers, Inc. [Member]   
Revenues:   
Rental revenues407,766377,932463,946
Management, leasing and other services6,4114,9365,419
Other revenues12,3487,1238,983
Total revenues426,525389,991478,348
Expenses:   
Property operating140,736137,135157,734
General and administrative65,81747,73353,790
Impairment charges6,98967,22637,610
Depreciation and amortization110,008117,143123,314
Total expenses323,550369,237372,448
Other income (expense):   
Interest expense(52,866)(63,142)(61,672)
Loss on early extinguishment of debt(47,860)00
Gain on sale of assets02,32443,422
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 ventures654(39,139)84,889
Equity in earnings of unconsolidated joint ventures8,9041,1267,839
Net income (loss)9,558(38,013)92,728
Noncontrolling interests in Operating Partnership(440)1,925(4,678)
Noncontrolling interests in other consolidated partnerships0(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 services6,4114,9365,419
Other revenues12,3487,1238,983
Total revenues426,525389,991478,348
Expenses:   
Property operating140,736137,135157,734
General and administrative65,81747,73353,790
Impairment charges6,98967,22637,610
Depreciation and amortization110,008117,143123,314
Total expenses323,550369,237372,448
Other income (expense):   
Interest expense(52,866)(63,142)(61,672)
Loss on early extinguishment of debt(47,860)00
Gain on sale of assets02,32443,422
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 ventures654(39,139)84,889
Equity in earnings of unconsolidated joint ventures8,9041,1267,839
Net income (loss)9,558(38,013)92,728
Noncontrolling interests in consolidated partnerships0(190)(195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc.9,558(38,203)92,533
Net income (loss) available to limited partners9,458(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

SKT Balance Sheet

2021-12-31
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 liabilities88,87490,100
Tanger Factory Outlet Centers, Inc. [Member]  
Rental property:  
Land268,269265,968
Buildings, improvements and fixtures2,532,4892,527,404
Total rental property, at cost2,800,7582,793,372
Accumulated depreciation(1,145,388)(1,054,993)
Total rental property, net1,655,3701,738,379
Cash and cash equivalents161,25584,832
Investments in unconsolidated joint ventures82,64794,579
Deferred lease costs and other intangibles, net73,72084,960
Operating lease right-of-use assets79,80781,499
Prepaids and other assets104,585105,282
Total assets2,157,3842,189,531
Debt:  
Senior, unsecured notes, net1,036,1811,140,576
Unsecured term loans, net298,421347,370
Mortgages payable, net62,47479,940
Unsecured lines of credit00
Total debt1,397,0761,567,886
Accounts payable and accrued expenses92,99588,253
Operating lease liabilities88,87490,105
Other liabilities78,65084,404
Total liabilities1,657,5951,830,648
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, respectively1,041936
Paid in capital978,054787,143
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.477,925341,390
Noncontrolling interests in Operating Partnership21,86417,493
Noncontrolling interests in other consolidated partnerships00
Total equity499,789358,883
Total liabilities and equity2,157,3842,189,531
Tanger Properties Limited Partnership [Member]  
Rental property:  
Land268,269265,968
Buildings, improvements and fixtures2,532,4892,527,404
Total rental property, at cost2,800,7582,793,372
Accumulated depreciation(1,145,388)(1,054,993)
Total rental property, net1,655,3701,738,379
Cash and cash equivalents161,15284,750
Investments in unconsolidated joint ventures82,64794,579
Deferred lease costs and other intangibles, net73,72084,960
Operating lease right-of-use assets79,80781,499
Prepaids and other assets104,362104,800
Total assets2,157,0582,188,967
Debt:  
Senior, unsecured notes, net1,036,1811,140,576
Unsecured term loans, net298,421347,370
Mortgages payable, net62,47479,940
Unsecured lines of credit00
Total debt1,397,0761,567,886
Accounts payable and accrued expenses92,66987,689
Operating lease liabilities88,87490,105
Other liabilities78,65084,404
Total liabilities1,657,2691,830,084
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, respectively4,5393,334
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, respectively514,023383,588
Accumulated other comprehensive loss(18,773)(28,039)
Total partners' equity499,789358,883
Noncontrolling interests in other consolidated partnerships00
Total equity499,789358,883
Total liabilities and equity$ 2,157,058$ 2,188,967