Earnings summaries and quarterly performance for TANGER.
Executive leadership at TANGER.
Stephen Yalof
Detailed
President and Chief Executive Officer
CEO
JN
Jessica Norman
Detailed
Executive Vice President - General Counsel
JS
Justin Stein
Detailed
Executive Vice President - Leasing
LS
Leslie Swanson
Detailed
Executive Vice President - Chief Operating Officer
MB
Michael Bilerman
Detailed
Executive Vice President - Chief Financial Officer and Chief Investment Officer
Board of directors at TANGER.
Research analysts who have asked questions during TANGER earnings calls.
CB
Caitlin Burrows
Goldman Sachs
4 questions for SKT
Also covers: ALX, BNL, BRX +19 more
HZ
Hong Zhang
JPMorgan Chase & Co.
4 questions for SKT
Also covers: BRX, CUBE, EXR +4 more
Craig Mailman
Citigroup
3 questions for SKT
Also covers: AKR, BRX, COLD +15 more
Floris van Dijkum
Compass Point Research & Trading
3 questions for SKT
Also covers: AKR, ALX, APLE +19 more
Todd Thomas
KeyBanc Capital Markets
3 questions for SKT
Also covers: AAT, AKR, BRX +20 more
Vince Tibone
Green Street
3 questions for SKT
Also covers: CBL, COLD, EGP +7 more
Andrew Reale
Bank of America
2 questions for SKT
Also covers: AKR, BRX, IVT +3 more
Greg McGinniss
Scotiabank
2 questions for SKT
Also covers: BRX, COLD, EPRT +14 more
Jeffrey Spector
BofA Securities
2 questions for SKT
Also covers: AKR, AMH, AVB +25 more
OO
Omotayo Okusanya
Deutsche Bank AG
2 questions for SKT
Also covers: AMH, ARE, AVB +42 more
Steve Sakwa
Evercore ISI
2 questions for SKT
Also covers: ALX, AMH, AVB +31 more
AN
Antara Nag-Chaudhuri
KeyBanc Capital Markets
1 question for SKT
Also covers: AAT
CP
Conor Peaks
Deutsche Bank
1 question for SKT
Also covers: BRX
Juan Sanabria
BMO Capital Markets
1 question for SKT
Also covers: AMH, BRX, CTRE +20 more
Justin Stein
Tanger Inc.
1 question for SKT
Leslie Swanson
Tanger Inc.
1 question for SKT
Michael Griffin
Citigroup Inc.
1 question for SKT
Also covers: AHR, ALX, ARE +33 more
Nicholas Joseph
Citigroup
1 question for SKT
Also covers: AMH, ARE, CUBE +13 more
Rich Hightower
Barclays
1 question for SKT
Also covers: ADC, AMH, AVB +19 more
Viktor Fediv
Scotiabank
1 question for SKT
Also covers: AHH, BRX, FR +3 more
Recent press releases and 8-K filings for SKT.
Tanger Prices Upsized Offering of Exchangeable Senior Notes
SKT
Debt Issuance
Share Buyback
- Tanger Properties Limited Partnership priced an upsized offering of $220 million aggregate principal amount of 2.375% Exchangeable Senior Notes due 2031 in a private placement, with an option for initial purchasers to buy an additional $30 million.
- The Notes will mature on January 15, 2031, and pay interest semi-annually starting July 15, 2026.
- The initial exchange rate is 24.0662 Common Shares per $1,000 principal amount, equivalent to an initial exchange price of approximately $41.55 per Common Share, representing a 22.5% premium over the January 7, 2026 closing price of $33.92 per share.
- Net proceeds, expected to be approximately $214 million (or $243 million if the option is fully exercised), will be used to pay for capped call transactions, repurchase approximately $20 million of Common Shares, repay outstanding debt, and for general corporate purposes.
Jan 8, 2026, 12:26 PM
Tanger Announces Pricing of Upsized Exchangeable Senior Notes Offering
SKT
Debt Issuance
Share Buyback
- Tanger's operating partnership priced an upsized offering of $220 million aggregate principal amount of its 2.375% Exchangeable Senior Notes due 2031, with an option for initial purchasers to buy an additional $30 million.
- The offering is expected to yield approximately $214 million in net proceeds, which will be used to cover the cost of capped call transactions ($8 million), repurchase approximately 0.6 million Common Shares ($20 million), repay outstanding unsecured lines of credit, and repay $350 million of 3.125% senior notes due 2026.
- The Notes have an initial exchange rate of 24.0662 Common Shares per $1,000 principal amount, equivalent to an initial exchange price of approximately $41.55 per Common Share, which is a 22.5% premium over the last reported sale price of $33.92 on January 7, 2026.
- Tanger also entered into privately negotiated capped call transactions with an initial cap price of approximately $47.49 per share, representing a 40% premium over the last reported sale price of the Common Shares on January 7, 2026.
Jan 8, 2026, 12:00 PM
Tanger Inc. Secures $550 Million in Unsecured Term Loans
SKT
Debt Issuance
- Tanger Properties Limited Partnership, the operating partnership of Tanger Inc., closed on $550 million of unsecured term loan facilities on January 6, 2026, increasing its total term loan capacity by $225 million.
- These facilities include a $350 million loan due December 2030 and a new $200 million loan due January 2033.
- At closing, $400 million was drawn, with an additional $150 million available under a delayed draw feature.
- The company expects to utilize $75 million of the initial incremental proceeds to reduce borrowings under its unsecured lines of credit and for working capital purposes.
- These transactions extend debt maturities, improve pricing (e.g., the 2030 Term Loan bears interest at SOFR plus 95 basis points), and enhance liquidity.
Jan 6, 2026, 9:06 PM
Tanger Announces Proposed Private Placement of Exchangeable Senior Notes
SKT
Debt Issuance
Share Buyback
- Tanger's operating partnership plans a private placement of $200 million in Exchangeable Senior Notes due 2031, with an option for initial purchasers to acquire an additional $30 million.
- The notes will be senior unsecured obligations of the Operating Partnership, fully and unconditionally guaranteed by Tanger, and will mature on January 15, 2031.
- Proceeds will be used to pay for capped call transactions, repurchase up to $20 million of Common Shares concurrently with pricing, and repay outstanding debt, including $350 million of 3.125% senior notes due 2026 at maturity.
- The capped call transactions are expected to generally reduce potential dilution to Common Shares upon exchange of any Notes.
Jan 6, 2026, 9:06 PM
Tanger Closes $550 Million Unsecured Term Loan Facilities
SKT
Debt Issuance
- Tanger's operating partnership closed $550 million in new unsecured term loan facilities, increasing its total term loan capacity by $225 million.
- The facilities include a $350 million loan due December 2030 and a $200 million loan due January 2033.
- $400 million was drawn at closing, with an additional $150 million available through delayed draw features over the next six to nine months.
- The initial $75 million of incremental proceeds will be used to reduce borrowings on the Company's $620 million unsecured lines of credit and for working capital.
- This transaction is expected to enhance liquidity, extend debt duration, improve pricing, and expand Tanger's lending group.
Jan 6, 2026, 9:05 PM
SKT Reports Strong Q3 2025 Results and Raises Full-Year Guidance
SKT
Earnings
Guidance Update
M&A
- SKT reported strong Q3 2025 Core FFO of $0.60 per share, an 11% increase over the prior year, driven by 4% same-center NOI growth. The company also raised its full-year guidance for Core FFO to $2.28-$2.32 per share (representing 7%-9% growth) and same-center NOI growth to 3.5%-4.25%.
- Operational performance was robust, with quarter-end occupancy reaching 97.4% (an 80 basis point sequential increase), portfolio sales productivity at an all-time high of $475 per sq ft, and blended rent spreads over 10% for the 15th consecutive quarter.
- SKT advanced its external growth strategy by acquiring Legends Outlets in Kansas City for $130 million, which is estimated to deliver an 8% return in the first year. The company maintains a strong balance sheet with net debt to adjusted EBITDA at five times (pro forma 4.7 times) and $581 million in total liquidity as of Q3 2025.
Nov 5, 2025, 1:30 PM
Tanger Reports Strong Q3 2025 Results and Raises Full-Year Guidance
SKT
Earnings
Guidance Update
M&A
- Tanger reported Q3 2025 net income available to common shareholders of $0.28 per share and Funds From Operations (FFO) of $0.60 per share. The Funds Available for Distribution (FAD) payout ratio was 58% for the first nine months of 2025.
- The company raised its full-year 2025 guidance, with estimated diluted net income per share now projected between $0.95 and $0.99, and diluted FFO per share between $2.28 and $2.32. Same Center NOI growth guidance was also increased to a range of 3.50% to 4.25%.
- Operational performance remained strong, with total owned properties ending occupancy at 97.4% and average tenant sales per square foot at $475 as of September 30, 2025. Blended average rental rate spreads were 10.6% on a cash basis for leases executed over the trailing twelve months.
- In September 2025, Tanger completed the acquisition of Legends Outlets (rebranded as Tanger Kansas City at Legends), a 690,000-square-foot center, for $130.0 million, expecting an eight percent return in the first year.
- As of September 30, 2025, the company maintained a net debt to Adjusted EBITDAre ratio of 5.0x and an interest coverage ratio of 4.7x. Total liquidity included $20.7 million in cash and cash equivalents and $560.0 million of available credit.
Nov 4, 2025, 9:07 PM
Tanger Reports Strong Q3 2025 Results and Raises Full-Year Guidance
SKT
Earnings
Guidance Update
M&A
- Tanger reported third quarter 2025 Net income available to common shareholders of $0.28 per share and Funds From Operations (FFO) of $0.60 per share, up from $0.22 and $0.54 per share, respectively, in the prior year period.
- The company raised its full-year 2025 guidance, now projecting diluted net income per share between $0.95 and $0.99 and diluted FFO per share between $2.28 and $2.32.
- Operational metrics showed strength with occupancy at 97.4% and Same Center Net Operating Income increasing 4.0% for the third quarter of 2025 compared to the prior year.
- In September 2025, Tanger completed the acquisition of Legends Outlets for $130.0 million, rebranding it as Tanger Kansas City at Legends, marking the sixth center added to its portfolio in two years.
Nov 4, 2025, 9:05 PM
Quarterly earnings call transcripts for TANGER.
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