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SKT · Tanger Inc.

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$38.58 +0.26 (+0.68%) At close · Aug 19
Market Cap
$4.41B
Shares
114.88M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$38.58 Open$38.65 Day$38.25–38.75 52W close$31.63–42.11 Avg vol 30d931K Short int5.5M · 4.8% float · 6.0d Short vol45% Last earningsAug 5, 2026 DataJan 2020–Aug 2026 Filing10-Q · Aug 6

Up next

Next earnings call
Nov 7, 2026 Est · unconfirmed · in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Aug 6, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Neutral Momentum Neutral Sentiment Bullish Fundamentals Strong Quant / Vol Very Low
      Market backdrop VIX 14.9 · calm Equity put/call 0.52
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg +7%
      above
      Price vs 50-day avg −4%
      below
      RSI (14) 37
      neutral
      MACD trend Negative
      52-week position 66%
      mid-range
      Volume (OBV) Confirms
      volume backs price
      Momentum
      relative strength
      Neutral
      1-month return −7%
      trailing
      6-month return +3%
      trailing
      YTD return +16%
      this year
      Relative strength −9%
      vs S&P · 6-mo
      Sentiment
      smart money
      Bullish
      Trend (MA cross) No cross
      50d $40 › 200d $36 — 50d above 200d
      Institutional flow Accumulating
      +3% holders QoQ · +46 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      4.78% of float · ▼ -3.1% MoM · 6.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      355 holders — near 3-yr high, broad support
      Squeeze score 54
      elevated · 0–100
      Fundamentals
      Strong
      Revenue growth +11%
      Y/Y
      Buyback $180.0M
      remaining
      Balance sheet $1.6B
      net debt
      Quant / Vol
      risk profile
      Very Low
      Volatility 21%
      annualized · 1-yr
      Max drawdown −10%
      past year
      ATR 1.9%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Aug 4, 2026
      Estimated diluted net income per share · For the year ending December 31, 2026 Initiated $1.06 – $1.13
      Estimated diluted FFO per share · For the year ending December 31, 2026 Initiated $2.45 – $2.52
      Prior guidance period ended · from the 8-K filed Nov 4, 2025
      Estimated diluted net income per share · For the year ending December 31, 2025 $0.95 – $0.99
      Same Center NOI growth - total portfolio at pro rata share · For the year ending December 31, 2025 3.5% – 4.25%
      General and administrative expense · For the year ending December 31, 2025 $76.5M – $79.5M
      Interest expense - consolidated · For the year ending December 31, 2025 $65.3M – $66.3M
      Annual recurring capital expenditures, renovations and second ge · For the year ending December 31, 2025 $60M – $65M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      1 · 5 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +7% Bullish
      Price vs 50-day avg
      −4% Neutral
      RSI (14)
      37 Neutral
      MACD trend
      Negative Bearish
      52-week position
      66% Neutral
      Volume (OBV)
      Confirms Neutral
      Market signals — smart money & positioning
      Bullish · 3 of 6
      Trend (MA cross) No cross
      50d $40 › 200d $36 — 50d above 200d
      Institutional flow Accumulating
      +3% holders QoQ · +46 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      4.78% of float · ▼ -3.1% MoM · 6.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      355 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      Range low $32 Now $39 · 66% Range high $42
      vs 200-day avg +7% vs 50-day avg -4%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Adjusted EBITDA non-GAAP $94.34M Three months ended June 30, 2026
      Adjusted EBITDAre non-GAAP $98.63M Three months ended June 30, 2026
      Average Tenant Sales Per Square Foot - Consolidated non-GAAP $486 June 30, 2026
      Average Tenant Sales Per Square Foot - Unconsolidated non-GAAP $495 June 30, 2026
      Centers in Operation at End of Period - Consolidated 35 June 30, 2026
      Centers in Operation at End of Period - Unconsolidated 6 June 30, 2026
      Core FFO available to common shareholders non-GAAP $77.09M Three months ended June 30, 2026
      Core FFO available to common shareholders per share - diluted non-GAAP $0.64 Three months ended June 30, 2026
      EBITDAre non-GAAP $98.63M Three months ended June 30, 2026
      Ending Occupancy - Consolidated 96.6% As of June 30, 2026
      Ending Occupancy - Total Owned Properties including pro rata share of unconsolidated JVs 96.6% As of June 30, 2026
      Ending Occupancy - Total Owned Properties including pro rata share of unconsolidated JVs - Same 96.6% June 30, 2026
      Ending Occupancy - Unconsolidated 96.5% June 30, 2026
      FAD available to common shareholders non-GAAP $47.77M Three months ended June 30, 2026
      GAAP → non-GAAP reconciliation
      GAAP FFO available to common shareholders $77.09M
      +$1.33M Corporate depreciation
      +$1.35M Amortization of finance costs
      -$251K Amortization of net debt (premium) discount
      +$3.59M Amortization of equity-based compensation
      -$2.23M Straight-line rent adjustments
      -$2.99M Market rent adjustments
      -$19.62M Second generation tenant allowances, lease incentives, lease commissions, and other lease costs
      -$10M Capital improvements
      -$508K Adjustments from unconsolidated joint ventures
      = FAD available to common shareholders $47.77M
      FAD payout ratio non-GAAP 64% H1 2026
      FFO available to common shareholders non-GAAP $77.09M Three months ended June 30, 2026
      GAAP → non-GAAP reconciliation
      GAAP FFO 77.57M
      -478K Allocation of earnings to participating securities
      = FFO available to common shareholders 77.09M
      FFO available to common shareholders per share - diluted non-GAAP $1.23 Six months ended June 30, 2026
      Gross Leasable Area ("GLA") Open at End of Period - Total Owned Properties including pro rata sh 15.35M June 30, 2026
      Gross Leasable Area Open at End of Period - Consolidated 14.29M June 30, 2026
      Gross Leasable Area Open at End of Period - Managed 457K June 30, 2026
      Gross Leasable Area Open at End of Period - Pro rata share of unconsolidated 1.06M June 30, 2026
      Gross Leasable Area Open at End of Period - Unconsolidated 2.11M June 30, 2026
      Immediate liquidity 1B As of June 30, 2026
      Leasing Transactions Re-tenanted space 69 Trailing Twelve Months Ended June 30, 2026
      Leasing Transactions Renewed space 521 Trailing Twelve Months Ended June 30, 2026
      Leasing Transactions Total space 590 Trailing Twelve Months Ended June 30, 2026
      Net debt - Consolidated non-GAAP $1.63B June 30, 2026
      Net debt - Total at Pro Rata Share non-GAAP $1.78B June 30, 2026
      New Initial Rent Total space $39.76 Trailing Twelve Months Ended June 30, 2026
      Occupancy 96.6% Q2 2026
      Portfolio NOI - Consolidated non-GAAP $105.95M Three months ended June 30, 2026
      Portfolio NOI - Total portfolio at pro rata share non-GAAP $114.09M Three months ended June 30, 2026
      GAAP → non-GAAP reconciliation
      GAAP Portfolio NOI - Consolidated $105.95M
      +$8.15M Pro rata share of unconsolidated joint ventures
      = Portfolio NOI - Total portfolio at pro rata share $114.09M
      Rent Spread % Renewed space 7.7% Trailing Twelve Months Ended June 30, 2026
      Rent Spread % Total space 10.5% Trailing Twelve Months Ended June 30, 2026
      Same Center NOI - Consolidated non-GAAP $98.77M Three months ended June 30, 2026
      GAAP → non-GAAP reconciliation
      GAAP Portfolio NOI - Consolidated $105.95M
      -$7.18M Non-same center NOI - Consolidated
      = Same Center NOI - Consolidated $98.77M
      Same Center NOI - Total portfolio at pro rata share non-GAAP $106.91M Three months ended June 30, 2026
      GAAP → non-GAAP reconciliation
      GAAP Portfolio NOI - Total portfolio at pro rata share $114.09M
      -$7.18M Non-same center NOI - Total portfolio at pro rata share
      = Same Center NOI - Total portfolio at pro rata share $106.91M
      Secured debt $335M As of June 30, 2026
      Square Feet Total space 3.05M Trailing Twelve Months Ended June 30, 2026
      Tanger's share of NOI non-GAAP $15.88M Six months ended June 30, 2026
      Total outstanding debt 2B As of June 30, 2026
      Total Owned and/or Managed Properties - Centers in Operation 42 As of June 30, 2026
      Total Owned and/or Managed Properties - Gross Leasable Area 16.86M As of June 30, 2026
      Total Owned Properties including pro rata share of unconsolidated JVs - Gross Leasable Area 15.35M June 30, 2026
      Total U.S. States Operated in at End of Period 22 As of June 30, 2026
      Weighted average interest rate 3.9% As of June 30, 2026
      Weighted average term to maturity of outstanding debt 3.3 As of June 30, 2026
      Average tenant sales per square foot $482 twelve months ended March 31, 2026
      Occupancy cost ratio 9.7% twelve months ended March 31, 2026
      Same center average tenant sales per square foot $484 twelve months ended March 31, 2026

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      REIT - Retail — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      SKT
      Tanger Inc.
      this stock
      $4.41B +15.6% +10.7% 4.8%
      SPG
      Simon Property Group Inc.
      $71.52B +20.6% +6.7% 15.6 3.0%
      O
      Realty Income Corp
      $59.04B +11.7% +9.1% 45.6 4.8%
      UNBLF
      Unibail-Rodamco SE/ADR
      $17.27B +8.7% 0.0%
      KIM
      Kimco Realty Corp
      $16.34B +20.0% +5.1% 4.7%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      355
      % held
      95.6%
      Net QoQ
      +1.9M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      377
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      5.5M
      Days to cover
      6.0d
      Change
      -177.4K sh
      View
      Short Volume
      Short vol %
      45%
      As of
      Aug 19, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      1
      Value
      $42
      As of
      Jul 28, 2026
      View
      Off-Exchange
      Off-exchange %
      44.9%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Sell
      Member
      Daniel Goldman
      Amount
      $15.0K–$50.0K
      Traded
      Jul 12, 2023
      View
      Financials
      Buybacks
      Authorized
      $200.0M
      Remaining
      $180.0M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Aug 6, 2026
      This year
      12
      View
      Proposed Sales
      Value
      $519.1K
      Shares
      14.7K
      Filed
      May 15, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Aug 5, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      SKT +0.3% -6.9% +2.5% -5.1% +15.6%
      SPY -0.4% +2.9% +11.6% +3.0% +12.8%
      vs SPY +0.7% -9.8% -9.1% -8.1% +2.8%

      Capital returns

      Latest dividend
      $0.313 / share · ex Jul 31, 2026
      Raised 6.8%
      Paid (TTM)
      $1.212 / share · 4 payouts
      Dividend yield (TTM, derived)
      3.14%
      Buyback program · as of Jun 30, 2026
      Authorized
      $200.00M
      Spent (derived)
      $20.00M
      Remaining
      $180.00M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 899715 CUSIP 875465106 13F (30d) 322 filings 318 filers Visit website Investor relations