Grufity logoGrufity logo
StocksFundsSearch FilingsAPI

Tanger Factory Outlet Centers Inc Stock Research

SKT

22.56USD+0.07(+0.31%)Delayedas of 22 Sep 2023, 11:00 am
Watchlist

Market Summary

USD22.56+0.07
Delayedas of 22 Sep 2023, 11:00 am
0.31%

SKT Stock Price

SKT RSI Chart

SKT Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

24.98

Price/Sales (Trailing)

5.55

EV/EBITDA

14.79

Price/Free Cashflow

13.38

SKT Price/Sales (Trailing)

SKT Profitability

EBT Margin

20.18%

Return on Equity

18.36%

Return on Assets

4.07%

Free Cashflow Yield

7.47%

SKT Fundamentals

SKT Revenue

Revenue (TTM)

426.3M

Revenue Y/Y

4.54%

Revenue Q/Q

1.56%

SKT Earnings

Earnings (TTM)

94.7M

Earnings Y/Y

21.59%

Earnings Q/Q

2.81%

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

Debt/Equity

2.95

Debt/Cashflow

0.12

SKT Investor Care

Dividend Yield

3.94%

Dividend/Share (TTM)

0.89

Shares Dilution (1Y)

0.76%

Diluted EPS (TTM)

0.89

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for SKT

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

1–10 of 50

Which funds bought or sold SKT recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 42

Latest Funds Activity

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

Schedule 13G FIlings of Tanger Factory Outlet Centers

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
37.1B
5.1B
0.18% 16.53%
86.68
7.23
13.73% -68.04%
23.1B
2.0B
-3.50% -10.37%
27.75
11.47
-22.97% -33.54%
20.0B
2.7B
-10.04% -26.51%
26.64
7.46
15.16% 88.51%
11.1B
1.8B
-3.28% -9.24%
27.53
6.33
6.75% -42.80%
MID-CAP
7.7B
1.1B
-2.20% 0.81%
19.78
6.92
8.31% 38.10%
4.8B
820.5M
1.11% 18.25%
170.48
5.83
29.95% 125.56%
4.4B
1.8B
8.98% -6.64%
-11.75
2.4
5.60% -286.96%
2.5B
866.2M
3.43% 32.37%
-28.34
2.85
0.51% -335.26%
SMALL-CAP
2.5B
882.0M
14.11% -6.27%
-5.55
2.78
11.76% -239.94%
2.4B
426.3M
-1.62% 51.64%
24.98
5.55
1.38% 137.97%
1.0B
732.3M
- -27.89%
-12.26
1.43
-0.03% -4012.90%
1.0B
339.3M
-10.86% -15.80%
-5.68
2.96
88.48% -168.70%

Tanger Factory Outlet Centers News

MarketBeat
Macquarie Group Ltd. Reduces Holdings in Tanger Factory Outlet ....
MarketBeat,
3 days ago
Kiplinger's Personal Finance
Real Estate Investing Is Down But Not Out.
Kiplinger's Personal Finance,
19 days ago
The Wall Street Journal
The Motley Fool

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/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.1%426,297,000421,494,000421,419,000419,486,000420,505,000415,940,000407,766,000421,282,000409,068,000370,068,000377,932,000387,639,000402,438,000452,550,000463,946,000387,039,500310,133,000233,226,500156,320,00079,413,5002,507,000
Operating Expenses-0.4%310,361,333311,482,667-314,140,000314,214,667309,462,667-311,844,000309,872,000321,016,000-----------
  S&GA Expenses-1.9%70,810,66772,177,333-69,554,66766,150,66761,312,000-63,080,00064,986,00067,172,000-----------
EBITDA-100.0%-235,925,333-230,145,333186,810,667195,528,000161,760,000172,046,000172,046,000------------
EBITDA Margin-100.0%-0.56-0.550.530.460.400.410.42------------
Interest Expenses1.1%47,958,66747,438,667-46,493,33348,656,00051,005,333-54,642,66755,400,00057,448,000-----------
Earnings Before Taxes7.8%91,745,33385,076,000-79,774,66732,278,6677,313,333--14,521,3334,882,00010,292,000-----------
EBT Margin-100.0%-0.20-0.190.180.090.010.010.01------------
Net Income6.4%94,692,00088,962,667-84,932,00039,792,00016,556,000--5,290,66613,222,00016,532,000-----------
Net Income Margin-100.0%-0.21-0.200.190.110.030.030.03------------
Free Cashflow-100.0%-172,614,667-163,654,667188,560,000158,366,000183,210,000183,210,000183,210,000------------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q4
Assets0.5%2,1962,1852,2182,1582,1552,1342,157
    Cash Equivalents5.0%213203212181194153161
Liabilities0.5%1,6881,6791,7041,6421,6431,6241,658
  Long Term Debt0.0%1,4271,4281,4281,3951,3961,3971,397
Shareholder's Equity-4.0%486506492493513511500
  Additional Paid-In Capital0.2%986984987985982979978
Shares Outstanding-0.1%105105104104104104104
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q32022Q22022Q12021Q32021Q22021Q1
Cashflow From Operations2.4%177173164189175192183125
  Share Based Compensation-9.1%12.0013.0013.0013.0011.0013.0013.0015.00
Cashflow From Investing-95.0%-77.75-39.87-41.83-18.71-10.65-2.578.0011.00
Cashflow From Financing-6.8%-115-107-95.77-78.49-253-111-145332
  Dividend Payments7.4%95.0089.0082.0078.0074.0071.0070.0068.00

SKT Income Statement

2023-06-30
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended6 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 services2,1221,4364,0362,963
Other revenues3,9312,9937,3785,725
Total revenues110,641105,838219,584214,706
Expenses:    
Property operating33,71232,69766,86069,455
General and administrative18,30419,32935,73834,796
Depreciation and amortization25,38926,22051,28252,463
Total expenses77,40578,246153,880156,714
Other income (expense):    
Interest expense(11,966)(11,576)(24,309)(23,210)
Other income (expense)2,3242,5765,1242,759
Total other income (expense)(9,642)(9,000)(19,185)(20,451)
Income before equity in earnings of unconsolidated joint ventures23,59418,59246,51937,541
Equity in earnings of unconsolidated joint ventures1,7062,2273,6414,740
Net income25,30020,81950,16042,281
Noncontrolling interests in Operating Partnership(1,098)(914)(2,169)(1,858)
Noncontrolling interests in other consolidated partnerships00(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

2023-06-30
TANGER 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 fixtures2,564,7222,553,452
Construction in progress88,78827,340
Rental property, at cost, total2,928,5912,855,871
Accumulated depreciation(1,271,635)(1,224,962)
Total rental property, net1,656,9561,630,909
Cash and cash equivalents213,002212,124
Short-term investments15,37052,450
Investments in unconsolidated joint ventures74,46073,809
Deferred lease costs and other intangibles, net55,58858,574
Operating lease right-of-use assets78,02578,636
Prepaids and other assets102,547111,163
Total assets2,195,9482,217,665
Debt:  
Senior, unsecured notes, net1,038,9151,037,998
Unsecured term loan, net321,947321,525
Mortgages payable, net66,52968,971
Unsecured lines of credit00
Total debt1,427,3911,428,494
Accounts payable and accrued expenses91,897104,741
Operating lease liabilities86,92987,528
Other liabilities81,98882,968
Total liabilities1,688,2051,703,731
Commitments and contingencies
Tanger Factory Outlet Centers, Inc.:  
Common shares, $0.01 par value, 300,000,000 shares authorized, 105,185,781 and 104,497,920 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively1,0521,045
Paid in capital986,472987,192
Accumulated distributions in excess of net income (488,273)(485,557)
Accumulated other comprehensive loss(13,342)(11,037)
Equity attributable to Tanger Factory Outlet Centers, Inc.485,909491,643
Noncontrolling interests in Operating Partnership21,83422,291
Noncontrolling interests in other consolidated partnerships00
Total equity507,743513,934
Total liabilities and equity$ 2,195,948$ 2,217,665
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.