TANGER INC (SKT)

What TANGER INC does

Tanger Inc. is a fully-integrated, self-administered and self-managed REIT that develops, acquires, owns, operates and manages outlet and open-air retail centers across the United States and Canada. As of December 31, 2025, the company's consolidated portfolio consisted of 31 outlet centers and 3 open-air lifestyle centers totaling approximately 14.0 million square feet, 98% occupied with over 2,600 stores representing over 700 store brands. The company also holds partial ownership interests in six unconsolidated centers and one managed center.

Fundamentals

• Price$39.47 as of 2026-07-09 close
• Market cap$4.6B as of 2026-07-10
• 1-year return+24.9% as of 2026-07-09 close
• P/E36.81 as of 2026-07-10
• Net margin+20.8% as of 2026-07-10
• Gross margin+69.6% as of 2026-07-10
• ROE+18.2% as of 2026-07-10
• Debt / equity2.78 as of 2026-07-10
• Revenue growth (YoY)+10.9% as of 2026-07-10
• Beta1.11 as of 2026-07-10

Dividend: yield +3.2%; 3-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Retail sector disruption from e-commerce and changing consumer shopping behavior, impacting tenant demand and center occupancy rates","High leverage with $1.87 billion in total debt as of March 31, 2026, exposing the company to interest rate increases and refinancing risks","Dependence on maintaining strong retail tenant relationships and brand partnerships, with performance sensitive to economic cycles affecting consumer discretionary spending"]

See SKT's biggest risks from its latest 10-Q →

Competitors & peers

• PREIT (outlet REIT)
• Whitestone REIT (open-air retail)
• Gladstone Commercial Corporation
• Retail Opportunity Investments Corp
• Ramco-Gershenson Properties (regional retail REIT)

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