Tanger Inc. SKT
Tanger Inc. (NYSE: SKT) stands as a prominent owner and operator of outlet and open-air retail shopping destinations, leveraging over 43 years of extensive expertise within the retail and outlet sectors. Its expansive portfolio comprises 38 outlet centers, an adjacent managed facility, and an open-air lifestyle complex, collectively encompassing more than 15 million square feet. These properties are strategically situated in key tourist destinations and vibrant markets across 20 U.S. states and Canada. As a publicly traded Real Estate Investment Trust (REIT) since 1993, Tanger continually innovates the retail experience for its patrons, featuring over 3,000 stores powered by more than 700 distinct brand-name companies.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-26 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-30) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model SKT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $581.56M | $114.78M | $150.98M | $336.34M | $295.37M |
| 2024 | $526.06M | $98.59M | $138.69M | $302.09M | $264.44M |
| 2023 | $464.41M | $99.15M | $108.89M | $260.70M | $229.61M |
| 2022 | $442.61M | $82.06M | $111.90M | $244.70M | $213.96M |
| 2021 | $426.52M | $9.12M | $110.01M | $172.43M | $217.72M |
| 2020 | $389.99M | $-36.28M | $117.14M | $142.27M | $164.75M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-31 | 2026-07-31 | 2026-08-14 | 2026-07-15 | $0.31 | Quarterly |
| 2026-04-30 | 2026-04-30 | 2026-05-15 | 2026-04-13 | $0.31 | Quarterly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-15 | $0.29 | Quarterly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-10-14 | $0.29 | Quarterly |
| 2025-07-31 | 2025-07-31 | 2025-08-15 | 2025-07-15 | $0.29 | Quarterly |
| 2025-04-30 | 2025-04-30 | 2025-05-15 | 2025-04-09 | $0.29 | Quarterly |
| 2025-01-31 | 2025-01-31 | 2025-02-14 | 2025-01-17 | $0.28 | Quarterly |
| 2024-10-31 | 2024-10-31 | 2024-11-15 | 2024-10-10 | $0.28 | Quarterly |
| 2024-07-31 | 2024-07-31 | 2024-08-15 | 2024-07-16 | $0.28 | Quarterly |
| 2024-04-29 | 2024-04-30 | 2024-05-15 | 2024-04-10 | $0.28 | Quarterly |
| 2024-01-30 | 2024-01-31 | 2024-02-15 | 2024-01-17 | $0.26 | Quarterly |
| 2023-10-30 | 2023-10-31 | 2023-11-15 | 2023-10-13 | $0.26 | Quarterly |
| 2023-07-28 | 2023-07-31 | 2023-08-15 | 2023-07-14 | $0.24 | Quarterly |
| 2023-04-27 | 2023-04-28 | 2023-05-15 | 2023-04-11 | $0.24 | Quarterly |
| 2023-01-30 | 2023-01-31 | 2023-02-15 | 2023-01-19 | $0.22 | Quarterly |
| 2022-10-28 | 2022-10-31 | 2022-11-15 | 2022-10-11 | $0.22 | Quarterly |
| 2022-07-28 | 2022-07-29 | 2022-08-15 | 2022-07-15 | $0.20 | Quarterly |
| 2022-04-28 | 2022-04-29 | 2022-05-13 | 2022-04-11 | $0.20 | Quarterly |
| 2022-01-28 | 2022-01-31 | 2022-02-15 | 2022-01-13 | $0.18 | Quarterly |
| 2021-10-28 | 2021-10-29 | 2021-11-15 | 2021-09-16 | $0.18 | Quarterly |
| 2021-07-29 | 2021-07-30 | 2021-08-13 | 2021-07-12 | $0.18 | Quarterly |
| 2021-04-29 | 2021-04-30 | 2021-05-14 | 2021-04-12 | $0.18 | Quarterly |
| 2021-01-28 | 2021-01-29 | 2021-02-12 | 2021-01-14 | $0.18 | Semi-Annual |
| 2020-04-29 | 2020-04-30 | 2020-05-15 | 2020-01-27 | $0.36 | Semi-Annual |
Coverage (payout of operating cash flow): 48.49%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — SKT
3 Retail REITs Poised to Benefit From Leasing Strength and Low Supply
Tanger Declares Dividend Payable August 14, 2026
My 5 Greatest REIT Winners Of All Time
Tanger Schedules Second Quarter 2026 Earnings Release and Conference Call
Retail REIT CEO Says Consumer Traffic and Demand Have Strengthened Since the Start of 2026
Tanger (SKT) Could Be a Great Choice
Tanger Recognized by Newsweek for Workplace Culture and by Nareit for Investor Communications Excellence
Tanger (SKT) Surges 6.6%: Is This an Indication of Further Gains?
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.