Tanger Inc. (SKT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 150.42M | 160.3M | 145.21M | 140.69M | 135.36M | 140.74M | 133M | 128.96M | 123.37M | 127.48M | 117.35M | 110.64M | 110.88M | 118.26M | 111.45M | 105.84M | 108.87M | 114.24M | 112.47M | 101.27M |
| Revenue Growth % | 11.12% | 13.9% | 9.18% | 9.1% | 9.72% | 10.4% | 13.34% | 16.55% | 11.27% | 7.79% | 5.29% | 4.54% | 1.85% | 3.52% | -0.91% | 4.51% | 8.12% | 2.77% | 8.96% | 57.96% |
| Property Operating Expenses | 127.44M | 130.74M | 43.81M | 40.37M | 41.82M | 45.47M | 40.25M | 37.55M | 35.47M | 41.93M | 36.76M | 33.71M | 33.15M | 18.56M | 36.08M | 32.7M | 36.76M | 16.36M | 37.19M | 31.25M |
| Net Operating Income (NOI) | 22.98M | 29.56M | 101.4M | 100.32M | 93.54M | 95.27M | 92.75M | 91.41M | 87.91M | 85.55M | 80.59M | 76.93M | 77.73M | 99.7M | 75.37M | 73.14M | 72.11M | 97.88M | 75.28M | 70.02M |
| NOI Margin % | 15.28% | 18.44% | 69.83% | 71.3% | 69.11% | 67.69% | 69.74% | 70.88% | 71.25% | 67.11% | 68.68% | 69.53% | 70.1% | 84.31% | 67.63% | 69.11% | 66.24% | 85.68% | 66.94% | 69.14% |
| Operating Expenses | -20.26M | -18M | 117.95M | 55.6M | 56.14M | 56.78M | 18.21M | 52.99M | 53.35M | 53.69M | 90.38M | 86.57M | 18.24M | 39.21M | 85.64M | 82.14M | 83.56M | 38.27M | 122.13M | 96.75M |
| G&A Expenses | 20.09M | 22.12M | 18.61M | 18.99M | 18.99M | 21.5M | 18.21M | 18.81M | 19.49M | 21.45M | 18.94M | 18.3M | 18.24M | 39.21M | 17.37M | 19.33M | 15.47M | 38.27M | 14.82M | 15.7M |
| EBITDA | 83.6M | 87.67M | 20.55M | 81.33M | 74.55M | 73.77M | 109.92M | 72.59M | 68.42M | 64.09M | 15.59M | 15.75M | 85.52M | 83.6M | 15.18M | 17.22M | 14.79M | 75.34M | -19.91M | 1.01M |
| EBITDA Margin % | 55.58% | 54.69% | 14.15% | 57.81% | 55.07% | 52.41% | 82.64% | 56.29% | 55.46% | 50.28% | 13.28% | 14.23% | 77.13% | 70.69% | 13.62% | 16.27% | 13.59% | 65.95% | -17.7% | 1% |
| Depreciation & Amortization | 40.35M | 40.12M | 37.1M | 36.61M | 37.15M | 35.28M | 35.38M | 34.17M | 33.86M | 32.23M | 25.37M | 25.39M | 26.03M | 23.11M | 25.45M | 26.22M | 26.24M | 15.73M | 26.94M | 27.73M |
| D&A / Revenue % | 26.83% | 25.03% | 25.55% | 26.02% | 27.44% | 25.07% | 26.6% | 26.5% | 27.45% | 25.29% | 21.62% | 22.95% | 23.47% | 19.54% | 22.83% | 24.77% | 24.11% | 13.77% | 23.96% | 27.38% |
| Operating Income | 43.24M | 47.55M | -16.55M | 44.72M | 37.4M | 38.48M | 74.54M | 38.42M | 34.56M | 31.86M | -9.79M | -9.64M | 59.49M | 60.49M | -10.27M | -9M | -11.45M | 59.61M | -46.85M | -26.72M |
| Operating Margin % | 28.75% | 29.67% | -11.4% | 31.79% | 27.63% | 27.35% | 56.04% | 29.79% | 28.01% | 24.99% | -8.34% | -8.71% | 53.65% | 51.15% | -9.21% | -8.5% | -10.52% | 52.18% | -41.66% | -26.39% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.53x | 3.02x | 3.06x | 2.91x | 2.27x | 2.83x | 2.67x | 2.65x | 2.62x | 3.08x | 3.47x | 3.11x | 2.72x | 2.19x | 3.09x | 2.80x | 2.84x | 2.73x | 0.17x | 1.19x |
| Non-Operating Income | -5.35M | -4.52M | -66.34M | -3.01M | 1.63M | -4.21M | 33.12M | -3.19M | -3.1M | -4.92M | -50.35M | -46.91M | 25.89M | 34M | -46.27M | -41.4M | -44.55M | 27.18M | -49.06M | -42.66M |
| Pretax Income | 29.42M | 34.82M | 33.35M | 31.33M | 20M | 27.61M | 25.93M | 25.91M | 23.31M | 24.84M | 28.88M | 25.3M | 24.86M | 19.2M | 24.34M | 20.82M | 21.46M | 13.69M | -11.07M | 2.6M |
| Pretax Margin % | 19.56% | 21.72% | 22.97% | 22.27% | 14.77% | 19.62% | 19.5% | 20.1% | 18.89% | 19.49% | 24.61% | 22.87% | 22.42% | 16.24% | 21.84% | 19.67% | 19.71% | 11.98% | -9.84% | 2.56% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 28.26M | 33.46M | 32.03M | 30.09M | 19.2M | 26.49M | 24.86M | 24.84M | 22.41M | 23.78M | 27.62M | 24.2M | 23.54M | 15.44M | 23.28M | 19.91M | 20.52M | 13.09M | -10.58M | 2.48M |
| Net Margin % | 18.79% | 20.88% | 22.06% | 21.38% | 14.18% | 18.82% | 18.69% | 19.26% | 18.17% | 18.66% | 23.54% | 21.87% | 21.23% | 13.05% | 20.89% | 18.81% | 18.85% | 11.45% | -9.41% | 2.45% |
| Net Income Growth % | 47.19% | 26.34% | 28.85% | 21.12% | -14.33% | 11.36% | -10.02% | 2.64% | -4.79% | 54.07% | 18.68% | 21.59% | 14.73% | 17.97% | 320.02% | 703.27% | 396.44% | 4875.67% | -181.2% | 110.92% |
| Funds From Operations (FFO) | 68.61M | 73.58M | 69.13M | 66.69M | 56.35M | 61.77M | 60.23M | 59.01M | 56.27M | 56.02M | 53M | 49.59M | 49.57M | 38.54M | 48.72M | 46.13M | 46.76M | 28.82M | 16.36M | 30.21M |
| FFO Margin % | 45.62% | 45.9% | 47.61% | 47.4% | 41.63% | 43.89% | 45.29% | 45.76% | 45.61% | 43.94% | 45.16% | 44.82% | 44.7% | 32.59% | 43.72% | 43.58% | 42.95% | 25.23% | 14.55% | 29.83% |
| FFO Growth % | 21.77% | 19.13% | 14.77% | 13.01% | 0.13% | 10.26% | 13.65% | 19% | 13.53% | 45.33% | 8.78% | 7.51% | 6% | 33.75% | 197.71% | 52.68% | 44.85% | -2.12% | -61.88% | 427.59% |
| FFO per Share | 0.60 | 0.64 | 0.60 | 0.58 | 0.49 | 0.55 | 0.55 | 0.54 | 0.51 | 0.52 | 0.50 | 0.47 | 0.47 | 0.36 | 0.46 | 0.44 | 0.45 | 0.27 | 0.16 | 0.30 |
| FFO Payout Ratio % | 51.08% | 45.79% | 47.94% | 49.68% | 57.2% | 49.33% | 49.97% | 51% | 52.55% | 49.03% | 48.75% | 52.1% | 49.68% | 59.72% | 42.98% | 45.4% | 41.31% | 66.07% | 113.11% | 59.42% |
| EPS (Diluted) | 0.25 | 0.29 | 0.28 | 0.26 | 0.17 | 0.23 | 0.22 | 0.22 | 0.20 | 0.22 | 0.26 | 0.23 | 0.22 | 0.09 | 0.11 | 0.19 | 0.08 | 0.02 | -0.10 | 0.02 |
| EPS Growth % | 47.06% | 26.09% | 27.27% | 18.18% | -15% | 4.55% | -15.38% | -4.35% | -9.09% | 153.16% | 136.36% | 21.05% | 160.05% | 405.23% | 210% | 850% | 111.5% | - | -171.43% | 108.33% |
| EPS (Basic) | 0.25 | 0.30 | 0.28 | 0.27 | 0.17 | 0.24 | 0.23 | 0.23 | 0.20 | 0.22 | 0.26 | 0.23 | 0.22 | 0.09 | 0.11 | 0.19 | 0.09 | 0.02 | -0.11 | 0.02 |
| Diluted Shares Outstanding | 114.57M | 114.57M | 114.57M | 114.12M | 113.95M | 112.98M | 110.19M | 110.19M | 110.02M | 107.79M | 106.32M | 105.86M | 105.52M | 105.92M | 104.94M | 104.75M | 105.06M | 105.03M | 103.27M | 102M |