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Apr 30, 2026·SEC
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Tanger Inc.(SKT)Earnings, Financials & Key Ratios
SKT•NYSE•REIT / Real Estate
39.1× P/E·Price updated Jun 19, 2026
AboutTanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 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 700 different brand name companies.Show more
- Revenue$582M+10.5%
- FFO$266M+12.0%
- FFO/Share2.32+8.6%
- FFO Payout49.75%-1.8%
- FFO per Share2.32+8.6%
- NOI Margin17.73%-74.6%
- FFO Margin45.7%+1.3%
- ROE16.23%+4.6%
- ROA4.56%+8.7%
SKT Key Insights
Tanger Inc. (SKT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 33 years of consecutive increases
- ✓FFO growing 12.0% TTM
- ✓Sustainable FFO payout ratio of 49.7%
- ✓Good 3Y average ROE of 16.6%
- ✓Healthy dividend yield of 3.0%
- ✓Trading near 52-week high
✗Weaknesses
- ✗High debt to equity ratio of 2.3x
- ✗Low NOI margin of 17.7%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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SKT Price & Volume
Tanger Inc. (SKT) stock price & volume — 10-year historical chart
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SKT Growth Metrics
Tanger Inc. (SKT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.84%
5 Years8.32%
3 Years9.53%
TTM10.55%
Profit CAGR
10 Years-5.92%
5 Years-
3 Years11.83%
TTM16.41%
EPS CAGR
10 Years-7.58%
5 Years-
3 Years9.1%
TTM14.94%
Return on Capital
10 Years6.88%
5 Years6.23%
3 Years6.78%
Last Year7.38%
SKT Recent Earnings
Tanger Inc. (SKT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.59+119.3%
$0.27
Rev
$144M+0.4%
$143M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.63+145.6%
$0.26
Rev
$151M+5.5%
$143M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.60+3.4%
$0.58
Rev
$145M-0.5%
$146M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.58+3.6%
$0.56
Rev
$141M+1.3%
$139M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.59vs $0.27+119.3% | $144Mvs $143M+0.4% |
| Q1 2026 | Feb 24, 2026 | $0.63vs $0.26+145.6% | $151Mvs $143M+5.5% |
| Q4 2025 | Nov 4, 2025 | $0.60vs $0.58+3.4% | $145Mvs $146M-0.5% |
| Q3 2025 | Aug 4, 2025 | $0.58vs $0.56+3.6% | $141Mvs $139M+1.3% |
Based on last 12 quarters of dataView full earnings history →
SKT Peer Comparison
Tanger Inc. (SKT) competitors in Malls and Outlet Centers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SPG | 68.65B | 211.33 | 14.95 | 6.72% | 70.4% | 97.99% | 4.35 | |
 MAC | 6.14B | 23.61 | -30.66 | 10.58% | -18.18% | -7.13% | 2.06 | |
 CBL | 1.47B | 47.40 | 10.92 | 12.18% | 29.62% | 50.39% | 5.95 | |
 O | 56.17B | 60.24 | 51.49 | 9.07% | 18.94% | 2.8% | 0.82 | |
 NNN | 8.56B | 45.00 | 21.74 | 6.55% | 41.38% | 8.81% | 1.09 | |
 KIM | 16.44B | 24.38 | 29.37 | 5.06% | 28.51% | 5.81% | 0.82 | |
 REG | 14.08B | 76.88 | 27.26 | 3.39% | 37.4% | 9% | 0.83 | |
 BRX | 9.48B | 30.91 | 24.73 | 6.73% | 31.99% | 14.85% | 1.95 |
Compare SKT vs Peers
Tanger Inc. (SKT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SKT Income Statement
Tanger Inc. (SKT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 488.23M | 494.68M | 486.19M | 389.99M | 426.52M | 442.61M | 464.41M | 526.06M | 581.56M |
Revenue Growth % | 4.81% | 1.32% | -1.72% | -19.79% | 9.37% | 3.77% | 4.92% | 13.28% | 10.55% |
Property Operating Expenses | 155.24M | 160.46M | 131.71M | 137.13M | 140.74M | 143.94M | 145.55M | 158.73M | 478.45M |
Net Operating Income (NOI) | 333M▲ 0% | 334.22M▲ 0.4% | 354.48M▲ 6.1% | 252.86M▼ 28.7% | 285.79M▲ 13.0% | 298.68M▲ 4.5% | 318.86M▲ 6.8% | 367.33M▲ 15.2% | 103.11M▼ 71.9% |
NOI Margin % | 68.2% | 67.56% | 72.91% | 64.84% | 67% | 67.48% | 68.66% | 69.83% | 17.73% |
Operating Expenses | 171.75M | 175.89M | 75.44M | 252.86M | 175.82M | 183.44M | 185.02M | 216.71M | -72.25M |
G&A Expenses | 73.05M | 71.23M | 75.44M | 47.73M | 65.82M | 71.53M | 76.13M | 78.02M | 78.72M |
EBITDA | 487.71M | 429.86M | 390.08M | 142.27M | 219.97M | 227.15M | 242.73M | 289.31M | 326.34M |
EBITDA Margin % | 99.89% | 86.9% | 80.23% | 36.48% | 51.57% | 51.32% | 52.27% | 55% | 56.11% |
Depreciation & Amortization | 326.98M | 336.35M | 111.05M | 117.14M | 110.01M | 111.9M | 108.89M | 138.69M | 150.98M |
D&A / Revenue % | 66.97% | 67.99% | 22.84% | 30.04% | 25.79% | 25.28% | 23.45% | 26.36% | 25.96% |
Operating Income | 160.72M▲ 0% | 93.51M▼ 41.8% | 279.03M▲ 198.4% | 0▼ 100.0% | 109.96M▲ 0% | 115.24M▲ 4.8% | 133.84M▲ 16.1% | 150.62M▲ 12.5% | 175.36M▲ 16.4% |
Operating Margin % | 32.92% | 18.9% | 57.39% | 0% | 25.78% | 26.04% | 28.82% | 28.63% | 30.15% |
Interest Expense | 64.83M | 64.82M | 61.67M | 63.14M | 52.87M | 46.97M | 47.93M | 60.64M | 65.86M |
Interest Coverage | 2.11x | 1.70x | 2.52x | 0.40x | 1.18x | 2.83x | 3.17x | 2.69x | 2.81x |
Non-Operating Income | 24.02M | 47.95M | 123.31M | -25.13M | 47.54M | -17.56M | -17.97M | -12.77M | -10M |
Pretax Income | 71.88M▲ 0% | 45.56M▼ 36.6% | 92.73M▲ 103.5% | -38.01M▼ 141.0% | 9.56M▲ 125.1% | 85.83M▲ 798.0% | 103.88M▲ 21.0% | 102.76M▼ 1.1% | 119.5M▲ 16.3% |
Pretax Margin % | 14.72% | 9.21% | 19.07% | -9.75% | 2.24% | 19.39% | 22.37% | 19.53% | 20.55% |
Income Tax | 0 | 51.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 113.35% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 68M▲ 0% | -6.08M▼ 108.9% | 87.86M▲ 1544.0% | -36.28M▼ 141.3% | 9.12M▲ 125.1% | 82.06M▲ 800.0% | 99.15M▲ 20.8% | 98.59M▼ 0.6% | 114.78M▲ 16.4% |
Net Margin % | 13.93% | -1.23% | 18.07% | -9.3% | 2.14% | 18.54% | 21.35% | 18.74% | 19.74% |
Net Income Growth % | -64.9% | -108.95% | 1544.03% | -141.29% | 125.13% | 800.01% | 20.82% | -0.56% | 16.41% |
Funds From Operations (FFO) | 394.99M▲ 0% | 330.26M▼ 16.4% | 198.9M▼ 39.8% | 80.86M▼ 59.3% | 119.13M▲ 47.3% | 193.97M▲ 62.8% | 208.04M▲ 7.3% | 237.28M▲ 14.1% | 265.75M▲ 12.0% |
FFO Margin % | 80.9% | 66.76% | 40.91% | 20.74% | 27.93% | 43.82% | 44.8% | 45.11% | 45.7% |
FFO Growth % | -22.29% | -16.39% | -39.77% | -59.34% | 47.31% | 62.83% | 7.26% | 14.06% | 12% |
FFO per Share | 4.18 | 3.54 | 2.14 | 0.87 | 1.17 | 1.84 | 1.95 | 2.14 | 2.32 |
FFO Payout Ratio % | 32.95% | 39.74% | 66.7% | 82.31% | 60.8% | 43.42% | 49.88% | 50.67% | 49.75% |
EPS (Diluted) | 0.71▲ 0% | -0.07▼ 109.2% | 0.23▲ 452.8% | -1.10▼ 578.3% | 0.08▲ 107.4% | 0.77▲ 844.8% | 0.92▲ 19.5% | 0.88▼ 4.3% | 1.00▲ 13.6% |
EPS Growth % | -64.68% | -109.18% | 452.76% | -578.26% | 107.41% | 844.79% | 19.48% | -4.35% | 13.64% |
EPS (Basic) | 0.71 | -0.07 | 0.23 | -1.10 | 0.08 | 0.78 | 0.94 | 0.89 | 1.02 |
Diluted Shares Outstanding | 94.52M | 93.31M | 92.81M | 92.62M | 101.98M | 105.64M | 106.53M | 111.08M | 114.57M |
SKT Balance Sheet
Tanger Inc. (SKT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 2.54B | 2.38B | 2.29B | 2.19B | 2.16B | 2.22B | 2.32B | 2.38B | 2.66B |
Asset Growth % | 0.55% | -6.11% | -4.18% | -4.19% | -1.47% | 2.79% | 4.8% | 2.46% | 11.54% |
Real Estate & Other Assets | -2.46B | -2.3B | 2.08B | 1.93B | 1.85B | 1.83B | 2.16B | 2.21B | 2.44B |
PP&E (Net) | 2.19B | 2.06B | 86.58M | 81.5M | 79.81M | 78.64M | 77.4M | 76.1M | 83.5M |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 102.11M | 107.19M | 16.67M | 84.83M | 161.25M | 264.57M | 21.96M | 46.99M | 53.53M |
Cash & Equivalents | 6.1M | 9.08M | 16.67M | 84.83M | 161.25M | 212.12M | 12.78M | 46.99M | 18.13M |
Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Assets | 0 | 0 | -103.62M | -105.28M | -104.58M | 0 | 0 | 0 | 35.4M |
Intangible Assets | 50.17M | 29.28M | 11.27M | -3.91M | -16.52M | -30.53M | -7.66M | -16.53M | 15.26M |
Total Liabilities | 1.93B | 1.88B | 1.83B | 1.83B | 1.66B | 1.7B | 1.73B | 1.7B | 1.92B |
Total Debt | 1.76B | 1.71B | 1.66B | 1.66B | 1.49B | 1.52B | 1.53B | 1.51B | 1.69B |
Net Debt | 1.76B | 1.7B | 1.64B | 1.57B | 1.32B | 1.3B | 1.51B | 1.46B | 1.67B |
Long-Term Debt | 1.7B | 1.71B | 1.57B | 1.57B | 1.4B | 1.43B | 1.43B | 1.42B | 1.55B |
Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 0 | 44M |
Capital Lease Obligations | 0 | 0 | 91.24M | 90.11M | 88.87M | 87.53M | 86.08M | 84.5M | 91.57M |
Total Current Liabilities | 296.58M | 224.66M | 79.56M | 88.25M | 93M | 104.74M | 131.5M | 107.78M | 177.06M |
Accounts Payable | 90.42M | 82.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue | -1.93B | -1.88B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -69.24M | -54.84M | 88.53M | 84.4M | 78.65M | 82.97M | 89.02M | 85.48M | 99.42M |
Total Equity | 612.3M▲ 0% | 505.54M▼ 17.4% | 456.11M▼ 9.8% | 358.88M▼ 21.3% | 499.79M▲ 39.3% | 513.93M▲ 2.8% | 591.31M▲ 15.1% | 679.67M▲ 14.9% | 735.1M▲ 8.2% |
Equity Growth % | -13.2% | -17.44% | -9.78% | -21.32% | 39.26% | 2.83% | 15.06% | 14.94% | 8.16% |
Shareholders Equity | 581.58M | 480.18M | 433.21M | 341.39M | 477.93M | 491.64M | 566.78M | 652.37M | 706.48M |
Minority Interest | 30.72M | 25.36M | 22.9M | 17.49M | 21.86M | 22.29M | 24.53M | 27.3M | 28.62M |
Common Stock | 946K | 939K | 929K | 936K | 1.04M | 1.04M | 1.09M | 1.13M | 1.15M |
Additional Paid-in Capital | 784.78M | 778.85M | 775.03M | 787.14M | 978.05M | 987.19M | 1.08B | 1.19B | 1.26B |
Retained Earnings | -184.87M | -272.45M | -317.26M | -420.1M | -483.41M | -485.56M | -490.17M | -511.82M | -529.24M |
Preferred Stock | 285K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 2.68% | -0.25% | 3.76% | -1.62% | 0.42% | 3.75% | 4.37% | 4.19% | 4.56% |
Return on Equity (ROE) | 10.32% | -1.09% | 18.27% | -8.9% | 2.12% | 16.19% | 17.94% | 15.51% | 16.23% |
Debt / Assets | 69.43% | 71.82% | 72.69% | 75.72% | 68.88% | 68.36% | 65.63% | 63.34% | 63.57% |
Debt / Equity | 2.88x | 3.39x | 3.64x | 4.62x | 2.97x | 2.95x | 2.58x | 2.22x | 2.30x |
Net Debt / EBITDA | 3.60x | 3.96x | 4.22x | 11.06x | 6.02x | 5.74x | 6.23x | 5.05x | 5.12x |
Book Value per Share | 6.48 | 5.42 | 4.91 | 3.87 | 4.90 | 4.87 | 5.55 | 6.12 | 6.42 |
SKT Cash Flow Statement
Tanger Inc. (SKT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 253.16M | 258.32M | 220.45M | 164.75M | 217.72M | 213.96M | 229.61M | 264.44M | 298.59M |
Operating CF Growth % | 5.78% | 2.04% | -14.66% | -25.27% | 32.15% | -1.73% | 7.31% | 15.17% | 12.91% |
Operating CF / Revenue % | 51.85% | 52.22% | 45.34% | 42.24% | 51.04% | 48.34% | 49.44% | 50.27% | 51.34% |
Net Income | 71.88M | 45.56M | 92.73M | -38.01M | 9.56M | 85.83M | 103.88M | 97.67M | 119.5M |
Depreciation & Amortization | 127.74M | 131.72M | 123.31M | 117.14M | 110.01M | 111.9M | 108.89M | 138.69M | 150.98M |
Stock-Based Compensation | 13.59M | 14.67M | 18.12M | 12.52M | 12.75M | 12.97M | 12.51M | 0 | 12.73M |
Other Non-Cash Items | 922K | 56.96M | 801K | 10.16M | 10.36M | 1.51M | 7.43M | 23.08M | 7.74M |
Working Capital Changes | 1.59M | 9.4M | -8.45M | -4.32M | 19.84M | 1.75M | -3.1M | 5M | 7.64M |
Cash from Investing | -117.55M | -40.02M | 99.29M | -18.77M | -22.74M | -98.82M | -409.56M | -181.69M | -266.76M |
Acquisitions (Net) | 33.32M | -1.92M | -2.32M | -10.6M | -7M | -313K | -2.58M | 80K | 0 |
Purchase of Investments | -116.67M | -10.78M | -11.18M | -13.03M | -9.44M | -52.45M | -7.68M | -76.13M | 0 |
Sale of Investments | 0 | 0 | 51.35M | 41.04M | 55.36M | 47.35M | 50.94M | 9.19M | 0 |
Other Investing | -150.87M | -38.11M | 101.61M | -8.17M | -15.74M | -46.05M | -450.24M | -4.02M | -266.76M |
Cash from Financing | -141.68M | -215.2M | -312.13M | -77.59M | -118.38M | -64.16M | -19.28M | -48.41M | -25.62M |
Dividends Paid | -130.17M | -131.24M | -132.66M | -66.56M | -72.42M | -84.21M | -103.77M | -120.24M | -132.2M |
Common Dividends | -130.17M | -131.24M | -132.66M | -66.56M | -72.42M | -84.21M | -103.77M | 0 | 0 |
Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
Share Repurchases | -49.36M | -20M | -20M | -736K | 0 | -3.92M | 0 | 0 | 0 |
Other Financing | 1.13M | -7.68M | -11M | -6.73M | -60.08M | -4.88M | -12.18M | -18.29M | -14.63M |
Net Change in Cash | -6.12M▲ 0% | 2.98M▲ 148.7% | 7.59M▲ 154.5% | 68.16M▲ 798.1% | 76.42M▲ 12.1% | 50.87M▼ 33.4% | -199.35M▼ 491.9% | 34.21M▲ 117.2% | 6.54M▼ 80.9% |
Exchange Rate Effect | -56K | -110K | -19K | -223K | -177K | -111K | -115K | -122K | 326K |
Cash at Beginning | 12.22M | 6.1M | 9.08M | 16.67M | 84.83M | 161.25M | 212.12M | 12.78M | 46.99M |
Cash at End | 6.1M | 9.08M | 16.67M | 84.83M | 161.25M | 212.12M | 12.78M | 46.99M | 53.53M |
Free Cash Flow | 188.8M▲ 0% | 201.6M▲ 6.8% | 180.28M▼ 10.6% | 136.74M▼ 24.1% | 171.8M▲ 25.6% | 166.6M▼ 3.0% | 218.84M▲ 31.3% | 156.4M▼ 28.5% | 202.56M▲ 29.5% |
FCF Growth % | 4.55% | 6.78% | -10.58% | -24.15% | 25.64% | -3.02% | 31.35% | -28.53% | 29.51% |
FCF / Revenue % | 38.67% | 40.75% | 37.08% | 35.06% | 40.28% | 37.64% | 47.12% | 29.73% | 34.83% |
SKT Key Ratios
Tanger Inc. (SKT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 5.33 | 4.18 | 3.54 | 2.14 | 0.87 | 1.17 | 1.84 | 1.95 | 2.14 | 2.32 |
FFO Payout Ratio | 27.76% | 32.95% | 39.74% | 66.7% | 82.31% | 60.8% | 43.42% | 49.88% | 50.67% | 49.75% |
NOI Margin | 67.37% | 68.2% | 67.56% | 72.91% | 64.84% | 67% | 67.48% | 68.66% | 69.83% | 17.73% |
Net Debt / EBITDA | 3.60x | 3.60x | 3.96x | 4.22x | 11.06x | 6.02x | 5.74x | 6.23x | 5.05x | 5.12x |
Debt / Assets | 66.81% | 69.43% | 71.82% | 72.69% | 75.72% | 68.88% | 68.36% | 65.63% | 63.34% | 63.57% |
Interest Coverage | 4.37x | 2.11x | 1.70x | 2.52x | 0.40x | 1.18x | 2.83x | 3.17x | 2.69x | 2.81x |
Book Value / Share | 7.4 | 6.48 | 5.42 | 4.91 | 3.87 | 4.9 | 4.87 | 5.55 | 6.12 | 6.42 |
Revenue Growth | 6.02% | 4.81% | 1.32% | -1.72% | -19.79% | 9.37% | 3.77% | 4.92% | 13.28% | 10.55% |
Related:SKT Dividend History·SKT Revenue History·SKT Price History·SKT P/E History·SKT Financial Ratios·SKT Institutional Holders
SKT SEC Filings & Documents
Tanger Inc. (SKT) SEC filings — annual & quarterly reports (10-K, 10-Q)
SKT Frequently Asked Questions
Tanger Inc. (SKT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Tanger Inc. (SKT) reported $581.6M in revenue for fiscal year 2025. This represents a 670% increase from $75.5M in 1996.
Tanger Inc. (SKT) grew revenue by 10.5% over the past year. This is steady growth.
Yes, Tanger Inc. (SKT) is profitable, generating $114.8M in net income for fiscal year 2025 (19.7% net margin).
Dividend & Returns
Yes, Tanger Inc. (SKT) pays a dividend with a yield of 2.95%. This makes it attractive for income-focused investors.
Tanger Inc. (SKT) has a return on equity (ROE) of 16.2%. This is reasonable for most industries.
Industry Metrics
Tanger Inc. (SKT) generated Funds From Operations (FFO) of $265.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.