Equities

Tanger Inc

Tanger Inc

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Real EstateReal Estate Investment Trusts
  • Price (USD)27.20
  • Today's Change0.19 / 0.70%
  • Shares traded90.50k
  • 1 Year change+37.37%
  • Beta1.7996
Data delayed at least 15 minutes, as of May 24 2024 17:52 BST.
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About the company

Tanger Inc. is an owner and operator of outlet and open-air centers in the United States and Canada. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company operates 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 United States and Canada. It offers over 3,000 stores operated by more than 700 different brand name companies. Its consolidated outlet centers include Deer Park, New York, Riverhead, New York, Foley, Alabama, Bridge Street Town Centre, and others.

  • Revenue in USD (TTM)478.84m
  • Net income in USD96.81m
  • Incorporated1993
  • Employees364.00
  • Location
    Tanger Inc3200 NORTHLINE AVENUE SUITE 360GREENSBORO 27408United StatesUSA
  • Phone+1 (336) 292-3010
  • Fax+1 (336) 852-2096
  • Websitehttps://www.tangeroutlet.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SKT:NYQ since
announced
Transaction
value
Bridge Street Town CentreDeal completed30 Nov 202330 Nov 2023Deal completed9.59%193.50m
Asheville Outlets,Asheville,NCDeal completed13 Nov 202313 Nov 2023Deal completed10.61%70.00m
Data delayed at least 15 minutes, as of May 24 2024 17:52 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
LXP Industrial Trust341.68m12.41m2.51bn64.00200.281.2012.147.340.04250.04251.177.440.0837--4.115,338,735.000.67575.400.70495.6483.9686.398.0759.50--1.180.443668.425.99-3.02-77.76-35.92-14.24-0.668
Highwoods Properties Inc832.52m128.46m2.68bn349.0020.831.136.193.231.221.227.7222.670.1378--2.482,385,444.002.214.152.334.5267.1568.1016.0529.16--1.560.569793.480.61142.98-6.61-2.89-9.151.57
McGrath RentCorp855.95m123.18m2.71bn1.20k21.952.8711.663.165.025.1334.8938.430.3958--4.40710,922.805.706.566.237.2747.8546.4614.3915.87--3.810.458542.2630.8610.798.277.0914.556.46
National Health Investors Inc318.96m132.03m2.80bn26.0021.232.2513.978.793.043.047.3528.740.1273--43.3012,267,690.005.224.655.414.8083.7892.4941.0342.49--3.040.4734132.1814.971.66104.20-2.56-20.51-1.84
Broadstone Net Lease Inc429.26m180.49m2.87bn74.0015.770.93258.316.680.96420.96422.1916.310.0810--2.955,800,852.003.592.423.772.5587.4385.5844.2929.33--2.800.3705131.768.6813.2727.3017.43-21.73--
Tanger Inc478.84m96.81m2.95bn364.0030.055.3114.046.170.89880.89884.455.080.2135----1,315,481.004.171.964.552.1469.1271.9519.539.96--2.750.7174193.924.92-1.2620.6618.2147.55-6.22
Site Centers Corp529.67m215.08m2.97bn220.0013.801.527.125.611.031.032.5310.150.1333--9.052,407,609.005.713.436.043.6669.8370.5142.8326.86--1.610.424392.89-1.10-5.0361.66--11.46-17.25
Medical Properties Trust Inc792.90m-1.33bn3.03bn121.00--0.4422--3.82-2.21-2.211.3211.400.0428--1.076,552,926.00-7.142.13-7.382.2195.0597.60-167.0429.91--0.0520.596163.17-43.492.13-161.94---25.12-2.52
EPR Properties701.50m153.95m3.06bn55.0019.931.259.544.372.032.039.2632.360.1225--11.6912,754,620.003.111.533.311.6295.4494.3925.3915.89--2.770.5351305.637.241.98-2.10-5.52-19.97-4.69
Macerich Co878.00m-342.89m3.21bn654.00--1.41--3.66-1.59-1.594.0710.580.1149--5.561,342,503.00-4.60-1.10-4.90-1.1754.4756.27-40.02-10.92--0.47750.65--2.90-1.64-310.82--16.65-33.72
SL Green Realty Corp878.02m-529.32m3.25bn1.19k--0.9246--3.70-8.30-8.3013.7560.210.0794--2.71739,071.60-4.910.866-5.630.97245.2657.68-61.8010.29--0.47750.4784404.46-0.6247-5.73-511.24---3.79-0.7039
Howard Hughes Holdings Inc998.95m-581.51m3.27bn608.00--1.11--3.28-11.72-11.7220.1358.650.10453.499.221,643,012.00-6.05-0.5461-6.92-0.617247.4841.17-58.20-4.07--0.43970.6415---36.33-0.7715-399.01---16.71--
Sabra Health Care REIT Inc652.94m49.50m3.28bn48.0067.181.1814.715.020.21060.21062.8011.950.1195--4.8413,602,850.000.90570.10180.92740.104171.9279.207.581.00--1.980.4714,765.483.650.7616117.73-44.84-21.38-7.79
Park Hotels & Resorts Inc2.69bn92.00m3.35bn90.0035.770.88348.591.250.44450.444512.6518.000.2886--21.0929,877,780.001.09-2.561.17-2.7165.0164.713.79-12.68--1.500.5454--7.88-0.2866-40.12-27.468.68-7.06
Data as of May 24 2024. Currency figures normalised to Tanger Inc's reporting currency: US Dollar USD

Institutional shareholders

50.90%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 202417.13m15.73%
BlackRock Fund Advisorsas of 31 Mar 202416.93m15.55%
SSgA Funds Management, Inc.as of 31 Mar 20246.25m5.74%
Wellington Management Co. LLPas of 31 Mar 20243.11m2.86%
Geode Capital Management LLCas of 31 Mar 20242.55m2.34%
Fidelity Management & Research Co. LLCas of 31 Mar 20242.32m2.13%
Charles Schwab Investment Management, Inc.as of 31 Mar 20241.98m1.82%
FIAM LLCas of 31 Mar 20241.97m1.81%
Waterfront Capital Partners LLCas of 31 Mar 20241.68m1.54%
Dimensional Fund Advisors LPas of 31 Mar 20241.51m1.38%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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