Tanger Inc. SKT R2K
Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 16 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies. Tanger Inc. was incorporated in 1981 and is based in Greensboro, North Carolina.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Excellent profit margin of 20.3%.
- Profit CAGR of 11.8% over 5 years.
- Attractive dividend yield of 3.30%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SKT Tanger Inc. R2K | 36.07 | 34.03 | $4.14B | 3.30% | 7.48% | 18.99% | 9.53% | 11.83% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
Quarterly Results
Figures in USD.
| Metric | Mar 2011 | Mar 2012 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 135.36M | 140.69M | 145.21M | 160.30M | 150.42M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 41.82M | 40.37M | 43.81M | 50.50M | 46.73M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.54M | 100.32M | 101.40M | 109.80M | 103.68M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.14M | 55.60M | 55.72M | 62.24M | 60.44M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.40M | 44.72M | 45.68M | 47.55M | 43.24M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.92M | 84.34M | 86.89M | 92.19M | 88.94M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.77M | 16.40M | 16.44M | 17.25M | 19.18M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20.00M | 31.33M | 33.35M | 34.82M | 29.42M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 9.40M | 8.13M | 4.13M | 2.48M | -10.58M | 20.52M | 19.91M | 23.28M | 23.54M | 24.20M | 27.62M | 22.41M | 24.84M | - | 19.20M | 30.09M | 32.03M | 33.46M | 28.26M |
| Diluted EPS | - | - | 0.04 | 0.02 | -0.11 | 0.19 | 0.19 | 0.22 | 0.22 | 0.23 | 0.26 | 0.20 | 0.22 | - | 0.17 | 0.26 | 0.28 | 0.29 | 0.24 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 442.61M | 464.41M | 526.06M | 581.56M |
| Cost of Revenue | - | 143.94M | 145.55M | 158.73M | 176.50M |
| Gross Profit | - | 298.68M | 318.86M | 367.33M | 405.06M |
| Operating Expenses | - | 183.44M | 185.02M | 216.71M | 229.70M |
| Operating Income | - | 115.24M | 133.84M | 150.62M | 175.36M |
| EBITDA | - | 244.70M | 260.70M | 302.09M | 336.34M |
| Interest Expense | - | 46.97M | 47.93M | 60.64M | 65.86M |
| Pretax Income | - | 85.83M | 103.88M | 102.76M | 119.50M |
| Tax Provision | - | - | - | - | - |
| Net Income | - | 82.06M | 99.15M | 98.59M | 114.78M |
| Diluted EPS | - | 0.77 | 0.92 | 0.88 | 0.99 |
Compounded Sales Growth
| 5 Years: | 9.53% |
| 1 Year: | 11.70% |
Compounded Profit Growth
| 5 Years: | 11.83% |
| 1 Year: | 42.00% |
Stock Price Performance
| 1 Year: | +25.50% |
| 6 Months: | +9.34% |
| 3 Months: | -1.84% |
| 1 Month: | -1.01% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 2.22B | 2.32B | 2.38B | 2.66B |
| Current Assets | - | 264.57M | 21.96M | 46.99M | 53.53M |
| Cash & Equivalents | - | 212.12M | 12.78M | 46.99M | 18.13M |
| Inventory | - | - | - | - | - |
| Receivables | - | - | - | - | - |
| Total Liabilities | - | 1.70B | 1.73B | 1.70B | 1.92B |
| Current Liabilities | - | 104.74M | 131.50M | 107.78M | 177.06M |
| Long Term Debt | - | 1.43B | 1.43B | 1.42B | 1.55B |
| Total Debt | - | 1.52B | 1.53B | 1.51B | 1.69B |
| Total Equity | - | 491.64M | 566.78M | 652.37M | 706.48M |
| Shares Outstanding | - | 104.50M | 108.79M | 112.74M | 115.10M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 213.96M | 229.61M | 260.68M | 295.37M |
| Investing Cash Flow | - | -98.82M | -409.56M | -178.01M | -263.54M |
| Financing Cash Flow | - | -64.16M | -19.28M | -48.34M | -25.62M |
| Capital Expenditure | - | - | - | - | - |
| Free Cash Flow | - | 213.96M | 229.61M | 260.68M | 295.37M |
| Net Change in Cash | - | 50.98M | -199.23M | 34.34M | 6.21M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 67.5% | 68.7% | 69.8% | 69.7% |
| Operating Margin % | - | 26.0% | 28.8% | 28.6% | 30.2% |
| Net Margin % | - | 18.5% | 21.4% | 18.7% | 19.7% |
| ROE % | - | 16.7% | 17.5% | 15.1% | 16.2% |
| ROCE % | - | 5.5% | 6.1% | 6.6% | 7.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 17.96% | 20.63M | $744.11M |
| 2 | FMR, LLC | 13.04% | 14.98M | $540.36M |
| 3 | Vanguard Portfolio Management LLC | 10.39% | 11.94M | $430.52M |
| 4 | State Street Corporation | 5.65% | 6.49M | $234.03M |
| 5 | Vanguard Capital Management LLC | 4.49% | 5.16M | $186.14M |
| 6 | Geode Capital Management, LLC | 2.60% | 2.99M | $107.80M |
| 7 | Invesco Ltd. | 2.07% | 2.38M | $85.79M |
| 8 | Charles Schwab Investment Management, Inc. | 1.89% | 2.18M | $78.46M |
| 9 | Northern Trust Corporation | 1.73% | 1.99M | $71.68M |
| 10 | Dimensional Fund Advisors LP | 1.48% | 1.69M | $61.12M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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