Tanger Inc.

SKT

US8754651060

Commercial REITs

Real-time Estimate Cboe BZX Other stock markets 02:39:06 2024-05-15 pm EDT			5-day change	1st Jan Change
28.26 ^USD	-2.25%		+1.35%	+1.93%

02:20am	China's Hailiang, Shinzoom to build auto battery plants in Morocco	RE
May. 03	North American Morning Briefing : Apple, Amgen -2-	DJ

Tanger Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 30, 2024 at 04:08 pm EDT

Tanger Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 117.81 million compared to USD 103.58 million a year ago. Revenue was USD 123.37 million compared to USD 108.94 million a year ago.

Net income was USD 22.41 million compared to USD 23.54 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.22 a year ago.

Latest news about Tanger Inc.

China's Hailiang, Shinzoom to build auto battery plants in Morocco	08:20pm	RE
North American Morning Briefing : Apple, Amgen -2-	May. 03	DJ
Compass Point Upgrades Tanger Factory Outlet Centers to Buy From Neutral, Price Target is $32	May. 02	MT
Transcript : Tanger Inc., Q1 2024 Earnings Call, May 01, 2024	May. 01
Earnings Flash (SKT) TANGER Posts Q1 Revenue $123.4M	Apr. 30	MT
Tanger Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 30	CI
Tanger Raises Quarterly Dividend 5.8% to $0.275 a Share, Payable May 15 to Shareholders of Record as of April 30	Apr. 10	MT
Tanger Inc. Approves Quarterly Cash Dividend, Payable on May 15, 2024	Apr. 10	CI
North American Morning Briefing : Inflation Data, -2-	Apr. 08	DJ
North American Morning Briefing : Tech in Focus on -2-	Mar. 25	DJ
Citigroup Upgrades Tanger to Buy From Neutral, Adjusts Price Target to $33 From $30	Mar. 22	MT
Transcript : Tanger Inc. Presents at Citi's 2024 Global Property CEO Conference, Mar-05-2024 03:35 PM	Mar. 05
Transcript : Tanger Inc., Q4 2023 Earnings Call, Feb 16, 2024	Feb. 16
Tanger Factory Outlet Centers Q4 Core FFO, Revenue Rise; 2024 Core FFO Guidance Set	Feb. 15	MT
Earnings Flash (SKT) TANGER Reports Q4 Revenue $127.5M	Feb. 15	MT
Tanger Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 15	CI
Tanger Provides Earnings Guidance for the Year Ending December 31, 2024	Feb. 15	CI
Tanger Maintains Quarterly Dividend at $0.26 Per Share, Payable Feb. 15 to Shareholders of Record on Jan. 31	Jan. 17	MT
Tanger Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024	Jan. 17	CI
Moroccan police seizes 1.4 tonnes of cocaine	Jan. 02	RE
North American Morning Briefing : S&P 500 Eyes -2-	Dec. 19	DJ
JPMorgan Upgrades Tanger Factory Outlet Centers to Overweight From Neutral, Raises Price Target to $29 From $27	Dec. 18	MT
Tanger Insider Sold Shares Worth $4,212,594, According to a Recent SEC Filing	Dec. 05	MT
Tanger Acquires Huntsville Town Center for $193.5 Million	Nov. 30	MT
Tanger Inc. acquired 825,000 square foot Bridge Street Town Centre in Huntsville, Alabama for approximately $190 million.	Nov. 29	CI

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Company Profile

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.

Sector

Commercial REITs

Calendar

2024-05-17 - Annual General Meeting

Related indices

Russell 2000

More about the company

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Analysis / Opinion

INTERVIEW - Stephen Yalof, CEO of Tanger Factory Outlet: Shopping malls are on a roll

August 04, 2023 at 03:07 pm EDT

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Ratings for Tanger Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

28.91 USD

Average target price

29.14 USD

Spread / Average Target

+0.81%

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Quarterly earnings - Rate of surprise

Company calendar

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Retail REITs

Tanger Inc.

Equities

SKT

US8754651060

Commercial REITs

Tanger Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions