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SKT · Tanger Inc.

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$39.50 -0.19 (-0.48%) At close · Nov 13
S&P 600 member Russell 2000 member Rebalance outlook locked
Market Cap
$4.54B
Shares
114.88M
Volume · Nov 13 594.7K Avg daily vol (3M) 891.82K

Price & Indicators

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Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$39.50 Open$39.87 Day$39.38–39.97 52W close$31.63–42.11 Avg vol 30d936K Short int7.3M · 6.3% of shares · 7.7d Short vol52% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Next earnings call
Feb 24, 2027 Est · unconfirmed · in 14 wks
Q3 2026 earnings call transcript
call held Nov 5, 2026
Play latest call

Latest documents

2026
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Nine-month net income rose to $99.0 million

Tanger Inc. reported nine-month net income of $99.0 million, up approximately $14.4 million from $84.7 million, as rental revenues increased approximately $40.9 million and acquisitions strengthened results.

Revenue $157.72M ▲ 8.6% Net income $33.65M ▲ 5.1% Diluted EPS $0.29 ▲ 3.6%
Read from the MD&A section
4 source passages
The discussion of our results of operations reported in the unaudited, condensed consolidated statements of operations compares the three and nine months ended September 30, 2026 with the three and nine months ended September 30, 2025. The results of operations discussion is combined for Tanger Inc. and Tanger Properties Limited Partnership because the results are virtually the same for both entities. Net income increased approximately $14.4 million in the 2026 period to $99.0 million as compared to net income of $84.7 million for the 2025 period. Rental revenues increased approximately $40.9 million in the 2026 period compared to the 2025 period. Open the document at this passage
Nov 4
Current report 8-K
FFO guidance raised as third-quarter operating results strengthen

Tanger Inc. reported third-quarter net income available to common shareholders of $0.29 per share and FFO of $0.64 per share. It raised 2026 FFO guidance to $2.49-$2.53 per share and increased its quarterly dividend 7% to $0.3125 per share.

Financial results, Regulation FD disclosure Read from the first part of this long document
5 source passages
TANGER INC. AND SUBSIDIARIES Net income available to common shareholders was $0.29 per share, or $33.4 million, compared to $0.28 per share, or $31.8 million, for the prior year period. Funds From Operations (“FFO”) available to common shareholders was $0.64 per share, or $77.1 million, compared to $0.60 per share, or $71.1 million, for the prior year period. Estimated diluted FFO per share | $2.49 | $2.53 | $2.45 | $2.52 In October 2026, the Company’s Board of Directors authorized a quarterly cash dividend of $0.3125 per share, payable on November 13, 2026 to holders of record on October 30, 2026, an increase of 7% compared to the October 2025 quarterly dividend of $0.2925. Open the document at this passage
Aug 6
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Revenue $156.39M ▲ 11.2% Net income $33.24M ▲ 10.5% Diluted EPS $0.29 ▲ 11.5%
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
+8.6%
Year over year
Operating margin
—
Trailing 12 months
P / FFO
16.3×
Company-stated · FY2025 · reciprocal yield 6.1%
P / E (TTM)
—
Trailing earnings
Return on invested capital
—
Trailing 12 months
Net cash
−$1.65B
Latest balance sheet
Dividend yield
3.1%
Trailing 12 months
Shares change YoY
+1.1%
Year over year · more shares
Price change (1Y)
+16.8%
Trailing year
Short interest
6.3%
Latest settlement · 7.7 days to cover
View all 129 metrics

Quarterly results

Revenue Net income Net loss
▲16.6% $128.96M $24.84M '24 Q2 ▲13.3% $133.00M $24.86M '24 Q3 ▲9.7% $135.36M $19.20M '25 Q1 ▲9.1% $140.69M $30.09M '25 Q2 ▲9.2% $145.21M $32.03M '25 Q3 ▲11.1% $150.42M $28.26M '26 Q1 ▲11.2% $156.39M $33.24M '26 Q2 LATEST ▲8.6% $157.72M $33.65M '26 Q3

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Tanger raised full-year FFO and Same Center NOI guidance, reported higher quarterly and year-to-date FFO, and delivered positive rent spreads, higher tenant sales, a 7% dividend increase, and strong liquidity. Occupancy was lower year over year, acquisition competition remains, and year-to-date FAD was lower with a higher payout ratio.

Bullish
  • + Tanger raised full-year 2026 FFO guidance to $2.49-$2.53 per share and raised the low end of Same Center NOI growth guidance to 3.5%.
  • + Third-quarter Core FFO per share increased 6.7% to $0.64 from $0.60 a year earlier.
  • + Third-quarter Same Center NOI increased 4.2% to $108.4 million, and nine-month Same Center NOI increased 3.5% to $315.8 million.
  • + Average tenant sales increased year over year to $487 per square foot from $475, while remaining flat sequentially.
  • + Leasing generated 11.0% blended cash rent spreads, including 28.6% on re-tenanted space and 8.3% on renewals.
  • + The Board increased the quarterly dividend by 7% to $0.3125 per share.
Bearish
  • − Portfolio occupancy was 97.3% at September 30, 2026, below 97.4% a year earlier, although it improved from 96.6% at June 30, 2026.
  • − The acquisition market remains competitive, and buyer-seller price disagreements are the largest hurdle to completing transactions.
  • − Year-to-date FAD available to common shareholders was $173.7 million versus $176.9 million in the prior-year period, while the FAD payout ratio increased to 64% from 58%.

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

Mentioned in fund letters

Equibles Rating

blended score · not investment advice
Overall
Strong Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Strong Quant / Vol Very Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +7%
above
Price vs 50-day avg +9%
above
RSI (14) 71
overbought
MACD trend Positive
52-week position 75%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +11%
trailing
6-month return +10%
trailing
YTD return +18%
this year
Relative strength +9%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $36 › 200d $37 — 200d above 50d
Institutional flow Accumulating
311 of 361 funds reported for Sep 30 · net +259.1K sh shares · +22 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
6.33% of shares out · ▼ -0.8% MoM · 7.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
361 holders — near 3-yr high, broad support
Squeeze score 70
high risk · 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 −19%
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 Earnings Call filed Nov 5, 2026
full year 2026
Core FFO Non-GAAP $2.49 – $2.53
Same center NOI growth Raised 3.5% – 4.25%
May 1, 2026 2.25% – 4.25% changed to Nov 5, 2026 3.5% – 4.25%
right now
FFO growth 8%
full year
NOI 4%
Previous outlook earlier release · from the 8-K filed Nov 4, 2026

Still-open targets the latest release did not restate under the same label.

Estimated diluted FFO per share · For the year ending December 31, 2026 $2.49 – $2.53
Same Center NOI growth - total portfolio at pro rata share · For the year ending December 31, 2026 3.5% – 4.25%
Estimated diluted net income per share · For the year ending December 31, 2026 $1.08 – $1.12

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

Technicals

trend & momentum for long-term holders Buy
1 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+7% Bullish
Price vs 50-day avg
+9% Bullish
RSI (14)
71 Bearish
MACD trend
Positive Bullish
52-week position
75% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $36 › 200d $37 — 200d above 50d
Institutional flow Accumulating
311 of 361 funds reported for Sep 30 · net +259.1K sh shares · +22 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
6.33% of shares out · ▼ -0.8% MoM · 7.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
361 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $32 Now $40 · 75% Range high $42
vs 200-day avg +7% vs 50-day avg +9%

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 360.36M Twelve months ended June 30, 2026 —
GAAP → non-GAAP reconciliation
GAAP Net income 132.19M
+67.88M Interest expense, net
+745K Income tax expense
+159.55M Depreciation and amortization
+0K Impairment charge - consolidated
= Adjusted EBITDA 360.36M
Adjusted EBITDAre non-GAAP 98.63M Three months ended June 30, 2026 —
Average Initial Term (in years) (Total space, comparable) 4.2 trailing twelve months ended June 30, 2026 —
Average tenant sales per square foot $487 the twelve months ended June 30, 2026 —
Average Tenant Sales Per Square Foot - Consolidated $486 June 30, 2026 —
Blended average rental rate spread (cash basis) 10.5% the twelve months ended June 30, 2026 —
Centers in Operation at End of Period - Consolidated 35 June 30, 2026 —
Consolidated GLA open at end of period 14.29M June 30, 2026 —
Core FFO available to common shareholders non-GAAP $77.1M the second quarter —
Core FFO available to common shareholders per share non-GAAP $0.64 the second quarter —
Core FFO available to common shareholders per share - diluted non-GAAP $0.64 the three months ended June 30, 2026 —
Core FFO available to common shareholders per share, year-to-date non-GAAP $1.23 year-to-date 2026 —
Core FFO available to common shareholders, year-to-date non-GAAP $147.5M year-to-date 2026 —
Ending occupancy - Total Owned Properties including pro rata share of unconsolidated JVs 96.6% June 30, 2026 —
Ending Occupancy - Total Owned Properties including pro rata share of unconsolidated JVs - Same 96.6% 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% the first half of 2026 —
FFO non-GAAP 77.57M Three months ended June 30, 2026 —
GAAP → non-GAAP reconciliation
GAAP Net income 34.6M
+40.64M Depreciation and amortization of real estate assets - consolidated
+2.33M Depreciation and amortization of real estate assets - unconsolidated joint ventures
+0K Impairment charge - consolidated
= FFO 77.57M
FFO available to common shareholders non-GAAP $77.1M the second quarter —
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 $0.64 the three months ended June 30, 2026 —
FFO available to common shareholders per share, year-to-date non-GAAP $1.23 year-to-date 2026 —
FFO available to common shareholders, year-to-date non-GAAP $147.5M year-to-date 2026 —
FFO payout ratio non-GAAP 49% three months ended June 30, 2026 —
Funds From Operations ("FFO") available to common shareholders per share non-GAAP $0.64 the second quarter —
Lease termination fees from tenants (total portfolio), second quarter $636,000 the second quarter of 2026 —
Leased square feet (renewed or re-tenanted) 3.3M the twelve months ended June 30, 2026 —
Leases renewed or re-tenanted (count) 652 the twelve months ended 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, comparable and non-comparable) 652 trailing twelve months ended June 30, 2026 —
Leasing Transactions (Total space, comparable) 590 trailing twelve months ended June 30, 2026 —
Net debt - Consolidated non-GAAP 1.63B June 30, 2026 —
Net debt to Adjusted EBITDA non-GAAP 4.5 trailing twelve months ended June 30, 2026 —
New Initial Rent (psf) (Total space, comparable) $39.76 trailing twelve months ended June 30, 2026 —
Occupancy 96.6% June 30, 2026 —
Occupancy cost ratio (OCR) 9.7% the twelve months ended June 30, 2026 —
Portfolio NOI - Consolidated non-GAAP 105.95M Three months ended June 30, 2026 —
GAAP → non-GAAP reconciliation
GAAP Net income 34.6M
-3.85M Equity in earnings of unconsolidated joint ventures
+19.43M Interest expense
-1.72M Other (income) expense
+0K Impairment charge
+41.98M Depreciation and amortization
-472K Other non-property income
+20.51M Corporate general and administrative expenses
-5.23M Non-cash adjustments
+707K Lease termination fees
= Portfolio NOI - Consolidated 105.95M
Portfolio square footage unencumbered by mortgages 89% As of June 30, 2026 —
Re-tenanted rent spread 28.4% the twelve months ended June 30, 2026 —
Renewal rent spread 7.7% the twelve months ended June 30, 2026 —
Renewals executed or in process for space scheduled to expire in 2026 70% June 30, 2026 —
Rent Spread % 10.5% trailing twelve months ended June 30, 2026 (total space) —
Rent Spread % (Total space, comparable) 10.5% trailing twelve months ended June 30, 2026 —
Same Center NOI non-GAAP 207.4M the first half of 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
Same center occupancy 96.6% June 30, 2026 —
Square Feet (in 000s) (Total space, comparable) 3.05M trailing twelve months ended June 30, 2026 —
Tenant Allowance (psf) (Total space, comparable) $6.53 trailing twelve months ended June 30, 2026 —
Total Centers at Pro Rata Share 12 Months SPSF $487 trailing twelve months ended June 30, 2026 —
Total liquidity $991.18M June 30, 2026 —
Total Owned and/or Managed Properties (centers in operation) 42 June 30, 2026 —
Total Owned and/or Managed Properties (gross leasable area open at end of period) 16.86M June 30, 2026 —
Total U.S. States Operated in at End of Period 22 June 30, 2026 —
Total value enhancing and recurring capital expenditures (Consolidated Properties) $38.74M Three Months Ended 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 —

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
$4.54B +18.4% +10.7% — 6.3%
SPG
Simon Property Group Inc.
 $75.13B +25.9% +6.7% 16.8 3.1%
O
Realty Income Corp
 $55.94B +4.3% +9.1% 40.6 4.4%
KIM
Kimco Realty Corp
 $17.14B +26.0% +5.1% 23.8 5.1%
UNBLF
Unibail-Rodamco SE
 $14.60B -7.4% — — 0.0%

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
361
% held
96.0%
Reported
311 of 361
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
358
View
Short & Settlement
Short Interest Falling
Shares short
7.3M
Days to cover
7.7d
Change
-60.6K sh
View
Short Volume
Short vol %
52%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
390
Value
$14.8K
As of
Sep 2, 2026
View
Off-Exchange
Off-exchange %
41.3%
Week of
Oct 5, 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
Nov 6, 2026
This year
17

Tanger Inc. reported nine-month net income of $99.0 million, up approximately $14.4 million from $84.7 million, as rental revenues increased approximately $40.9 million and acquisitions strengthened results.

View
Proposed Sales
Value
$519.1K
Shares
14.7K
Filed
May 15, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 19, 2026
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Supplemental Operating and Financ…
Published
Nov 4, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
SKT +2.1% +11.5% +9.9% +7.5% +18.4%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -0.5% +12.7% +9.4% +7.6% +7.8%

Capital returns

Latest dividend
$0.313 / share · ex Oct 30, 2026
Raised 6.8%
Paid (TTM)
$1.232 / share · 4 payouts
Dividend yield (TTM, derived)
3.12%
Full dividend history
Buyback program · as of Sep 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) 318 filings 264 filers Visit website Investor relations