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.
HZ
Hong Zhang
JPMorgan Chase & Co.
6 questions for SKT
Also covers: BRX, CUBE, CURB +7 more
Floris van Dijkum
Compass Point Research & Trading
5 questions for SKT
Also covers: AKR, ALX, APLE +21 more
Todd Thomas
KeyBanc Capital Markets
5 questions for SKT
Also covers: AAT, AKR, BRX +21 more
CB
Caitlin Burrows
Goldman Sachs
4 questions for SKT
Also covers: ALX, BNL, BRX +19 more
OO
Omotayo Okusanya
Deutsche Bank AG
4 questions for SKT
Also covers: AMH, ARE, AVB +43 more
Craig Mailman
Citigroup
3 questions for SKT
Also covers: AKR, BRX, COLD +15 more
Greg McGinniss
Scotiabank
3 questions for SKT
Also covers: BRX, COLD, EPRT +14 more
Juan Sanabria
BMO Capital Markets
3 questions for SKT
Also covers: AHR, AMH, BRX +22 more
Rich Hightower
Barclays
3 questions for SKT
Also covers: ADC, AMH, APLE +25 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 +5 more
HS
Harrison Slater
Goldman Sachs
2 questions for SKT
Jeffrey Spector
BofA Securities
2 questions for SKT
Also covers: AKR, AMH, AVB +25 more
Samir Khanal
Bank of America
2 questions for SKT
Also covers: AKR, BRX, COLD +18 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, NXRT
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 +35 more
NS
Naishal Shah
Green Street
1 question for SKT
Nicholas Joseph
Citigroup
1 question for SKT
Also covers: AMH, ARE, CUBE +13 more
Nick Joseph
Citigroup Inc.
1 question for SKT
Also covers: ADC, AIV, ARE +22 more
NC
Nigel Coe
Wolfe Research, LLC
1 question for SKT
Also covers: AME, CARR, CNM +29 more
SR
Smedes Rose
Citigroup
1 question for SKT
Also covers: ADC, ALX, DEA +19 more
SM
Sydney McInty
Citi
1 question for SKT
Viktor Fediv
Scotiabank
1 question for SKT
Also covers: AHH, BRX, CUBE +5 more
Recent press releases and 8-K filings for SKT.
Tanger Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
SKT
Earnings
Guidance Update
Debt Issuance
- Tanger reported strong financial results for Q4 2025, with Core FFO of $0.63 per share, a 17% increase over the prior year, contributing to a full-year 2025 Core FFO of $2.33 per share, up 9.4% from 2024.
- Operational highlights include 98.1% occupancy at year-end 2025, a 70 basis point sequential increase, and record annual leasing production exceeding 3 million square feet.
- The company strengthened its balance sheet in early January by raising and refinancing $800 million of debt, including $550 million in unsecured term loans and $250 million in five-year exchangeable senior notes, resulting in over $1 billion of immediate liquidity.
- For 2026, Tanger provided guidance expecting Core FFO per share between $2.41 and $2.49 and Same Center NOI growth in the range of 2.25% to 4.25%.
6 days ago
Tanger Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance
SKT
Earnings
Guidance Update
Debt Issuance
- Tanger delivered strong financial results for Q4 2025, with Core FFO of $0.63 per share, a 17% increase year-over-year, and FY 2025 Core FFO of $2.33 per share, up 9% from 2024 and exceeding guidance.
- The company achieved 98.1% occupancy at year-end 2025, a record 3 million sq ft in annual leasing volume, and 4.3% Same-Center NOI growth for the full year.
- For 2026, Tanger anticipates Core FFO per share in the range of $2.41-$2.49 and Same-Center NOI growth of 2.25%-4.25%.
- In early January 2026, Tanger completed $800 million in debt refinancing, boosting immediate liquidity to over $1 billion and extending its debt duration.
- Tenant sales productivity remained high at $473 per sq ft, up 7% from the prior year, reflecting sustained retailer demand and the company's strategy of re-tenanting and diversifying its mix.
6 days ago
Tanger Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance
SKT
Earnings
Guidance Update
Debt Issuance
- Tanger reported Core FFO of $0.63 per share for Q4 2025 and $2.33 per share for the full year 2025, representing a 9.4% increase over 2024, driven by 4.3% Same Center NOI growth and 98.1% occupancy at year-end.
- The company achieved record annual leasing volume of over 3 million sq ft and saw tenant sales productivity increase by 7% to $473 per sq ft.
- For 2026, Tanger expects Core FFO per share in the range of $2.41-$2.49, an increase of over 5% at the midpoint, and Same Center NOI growth between 2.25% and 4.25%.
- In early January 2026, Tanger completed $800 million in debt refinancing, enhancing liquidity to over $1 billion and extending its weighted average debt duration.
- The company's strategy includes proactive re-tenanting, having addressed over 40% of its 2026 lease roll by the end of January, and continued investment in its portfolio with recurring CapEx projected at $65 million-$75 million for 2026.
6 days ago
Tanger Reports Strong Q4 and Full Year 2025 Results, Introduces 2026 Guidance
SKT
Earnings
Guidance Update
Debt Issuance
- For the fourth quarter of 2025, Tanger reported net income available to common shareholders of $0.29 per share and Funds From Operations (FFO) available to common shareholders of $0.63 per share. For the full year 2025, net income was $0.99 per share and FFO was $2.33 per share.
- The company's occupancy was 98.1% on December 31, 2025, and Same Center Net Operating Income (NOI) increased 5.6% for the fourth quarter of 2025 and 4.3% for the full year 2025.
- Tanger introduced its full-year 2026 guidance, with estimated diluted net income per share ranging from $1.04 to $1.12 and estimated diluted FFO per share ranging from $2.41 to $2.49. Same Center NOI growth is projected to be between 2.25% and 4.25% for 2026.
- In early 2026, Tanger closed on $550 million of unsecured term loans and issued $250 million aggregate principal amount of 2.375% Exchangeable Senior Notes due 2031. The Board of Directors also authorized a quarterly cash dividend of $0.2925 per share in January 2026.
6 days ago
Tanger Reports Strong Q4 and Full Year 2025 Results, Introduces 2026 Guidance, and Announces Financing Transactions
SKT
Earnings
Guidance Update
Debt Issuance
- Tanger (SKT) reported net income available to common shareholders of $0.29 per share and FFO available to common shareholders of $0.63 per share for Q4 2025, and $0.99 per share and $2.33 per share respectively for the full year 2025.
- For 2026, Tanger introduced guidance projecting estimated diluted net income per share between $1.04 and $1.12 and estimated diluted FFO per share between $2.41 and $2.49.
- Operating metrics for the year ended December 31, 2025, included occupancy of 98.1% and Same Center NOI growth of 4.3%.
- In January 2026, Tanger completed financing transactions totaling $550 million in unsecured term loans and $250 million in 2.375% Exchangeable Senior Notes due 2031, which increased debt capacity and enhanced liquidity.
- The company's Board of Directors authorized a quarterly cash dividend of $0.2925 per share in January 2026.
6 days ago
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
Quarterly earnings call transcripts for TANGER.
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