Tanger Inc (N:SKT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3200 NORTHLINE AVENUE SUITE 360 GREENSBORO NC 27408 |
| Tel: | 1-336-8566066 |
| Website: | https://www.tangeroutlet.com |
| IR: | See website |
| Key People | ||
| Stephen J. Yalof President, Chief Executive Officer, Director | Michael J. Bilerman Chief Financial Officer, Executive Vice President, Chief Investment Officer | Leslie A. Swanson Chief Operating Officer, Executive Vice President |
| Jessica K. Norman Executive Vice President, General Counsel, Company Secretary | Justin C. Stein Executive Vice President - Leasing | Andrew R. Wingrove Executive Vice President, Chief Commercial Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 March 2024, Tanger Inc revenues increased 13% to $123.4M. Net income applicable to common stockholders decreased 5% to $22.2M. Revenues reflect Rental revenues increase of 14% to $117.8M, Management, leasing and other services increase of 19% to $2.3M. Net income was offset by Depreciation and amortization increase of 31% to $33.9M (expense), Other income (expense) decrease of 79% to $587K (income). |
| Employees: | 364 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,462M as of Mar 31, 2024 |
| Annual revenue (TTM): | $478.84M as of Mar 31, 2024 |
| EBITDA (TTM): | $254.34M as of Mar 31, 2024 |
| Net annual income (TTM): | $96.81M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$333.14M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,463M as of Mar 31, 2024 |
| Shares outstanding: | 109,352,636 as of Apr 29, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.