SKT · Tanger Inc.
Price & Indicators
Up next
AI Brief
TL;DR.
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 adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative 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 reconciliationGAAP 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 reconciliationGAAP 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 | — |
| Lease termination fees | $636,000 | Q2 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 reconciliationGAAP 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 non-GAAP | $207.4M | H1 2026 | — |
|
|
|||
| Same Center NOI - Consolidated non-GAAP | $98.77M | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP 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 reconciliationGAAP 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
|
|||
| Same center occupancy | 96.6% | Q2 2026 | — |
|
|
|||
| 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| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SKT
this stock
Tanger Inc.
|
$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 sectionPerformance
| 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
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.