Last 7 days
-5.2%
Last 30 days
-1.6%
Last 90 days
9.8%
Trailing 12 Months
51.6%
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 |
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 | -% |
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 |
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 |
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% |
0.8%
-3.0%
4.7%
59.2%
79.2%
49.2%
20%
Y-axis is the maximum loss one would have experienced if Tanger Factory Outlet Centers was unfortunately bought at previous high price.
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) | |||||||
---|---|---|---|---|---|---|---|---|
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) | ||||||||
---|---|---|---|---|---|---|---|---|---|
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 |
TANGER 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 |
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 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 |