Tanger (SKT)
Owns Tanger-branded outlets and other open-air retail centers across the United States and Canada.
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Owns and operates outlet and other open-air retail centers in the United States and Canada, earning primarily fixed and variable rent from retailers. The portfolio is anchored by Tanger-branded outlets and supplemented by full-price lifestyle centers, joint ventures, and management services.
Owns, operates, acquires, develops, and manages outlet and other open-air retail centers, with most properties carrying the Tanger brand. The portfolio spans the United States and Canada and includes outlet destinations, a small group of full-price lifestyle centers, unconsolidated joint ventures, and a managed center. Revenue comes primarily from fixed and variable tenant rent, with smaller management, leasing, and other service fees.
Uses long-standing retailer relationships, leasing, property operations, marketing, renovations, and tenant-mix changes to improve occupancy and rents. Food, beverage, entertainment, and services broaden the mix beyond discounted apparel, footwear, and accessories, while selective acquisitions extend the platform beyond traditional outlets. Results remain tied to store traffic, tenant sales and credit, retailer demand for physical locations, financing access, and REIT distribution rules; Canadian exposure is limited to outlet centers held through unconsolidated ventures.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | Barclays | Reiterate | Rating: —Target: $41 | Target: $42 |
| Jul 7, 2026 | Evercore ISI | Target | Target: $37 | Target: $39 |
| Jun 18, 2026 | UBS | Target | Target: — | Target: $41 |
| Jun 17, 2026 | Deutsche Bank | Reiterate | Rating: —Target: — | Target: $40 |
| Jun 16, 2026 | B of A Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $196.9M · Total debt $1.86B · Total assets $2.86B · Shareholders' equity $674.0M
- Revenue
- $156.4M
- Operating income
- $48.5M
- Net income
- $34.6M
HistoryDividendAnnual yield
| Institutions | 95.79% | 110.04M shares | |
|---|---|---|---|
| 366 holders · as of Jun 30, 2026 | |||
| Insiders | 2.55% | 2.93M shares | |
| 15 holders · as of Aug 17, 2026 | |||
| Other | 1.66% | 1.91M shares | |
| remainder | |||
114.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 19.33% | 22.21M | as of Jun 30, 2026 |
FMR LLCInstitution | 14.31% | 16.44M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.25% | 11.78M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.67% | 6.52M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.34% | 4.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 15, 2026 | Berman Bridget Ryan | director | −14,698 | $35.24 |
| Mar 6, 2026 | Susan E. Skerritt | director | −5,060 | $36.22 |
| Feb 27, 2026 | Thomas Joseph JR Guerrieri | officer: SVP, CAO | −10,432 | $37.61 |
| Feb 27, 2026 | Thomas Reddin | director | −10,000 | $37.50 |
- Simon Property Group
Direct outlet rival through Premium Outlets and retail-scale leasing
- Kimco Realty
Large open-air REIT competing for tenants and mixed-use assets
- Regency Centers
Open-air shopping-center peer with large suburban portfolio
- Federal Realty
Lifestyle and mixed-use retail peer in premium open-air markets
- Kite Realty Group
Open-air and mixed-use REIT peer in Sun Belt retail markets
- Brixmor Property Group
Large open-air center owner competing for value and daily-needs tenants
- Macerich
Major retail-property owner overlapping in outlets and destination tenants
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tanger | $35.48 | −0.52% | $4.10B | 32.4 | 31.6 | 6.7 | +11.1% |
| Simon Property Group | $205.55 | +0.28% | $66.47B | 14.5 | 30.4 | 9.6 | +10.8% |
| Kimco Realty | $22.54 | −0.02% | $15.19B | 25.3 | 26.3 | 6.9 | +4.9% |
| Regency Centers | $73.23 | +0.42% | $13.32B | 20.7 | 29.0 | 7.7 | +5.7% |
| Federal Realty | $111.04 | +0.37% | $9.56B | 22.0 | 35.1 | 7.2 | +7.7% |
| Kite Realty Group | $25.18 | −0.10% | $5.05B | 15.6 | 76.0 | 6.2 | −8.5% |
| Brixmor Property Group | $27.96 | −0.48% | $8.62B | 20.1 | 27.9 | 6.1 | +4.3% |
| Macerich | $22.80 | +0.95% | $6.72B | — | 1,495.0 | 6.7 | −0.0% |
| Median | 20.4 | 30.4 | 6.9 | +4.9% |