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Tanger Factory Outlet Centers Inc (SKT)


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Upturn Advisory Summary
10/15/2025: SKT (2-star) is a SELL. SELL since 3 days. Simulated Profits (3.57%). Updated daily EoD!
1 Year Target Price $35.91
1 Year Target Price $35.91
3 | Strong Buy |
2 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 25.52% | Avg. Invested days 52 | Today’s Advisory SELL |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.68B USD | Price to earnings Ratio 36.98 | 1Y Target Price 35.91 |
Price to earnings Ratio 36.98 | 1Y Target Price 35.91 | ||
Volume (30-day avg) 10 | Beta 1.35 | 52 Weeks Range 28.38 - 36.56 | Updated Date 10/15/2025 |
52 Weeks Range 28.38 - 36.56 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 3.49% | Basic EPS (TTM) 0.88 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.94% | Operating Margin (TTM) 33.23% |
Management Effectiveness
Return on Assets (TTM) 4.5% | Return on Equity (TTM) 16.93% |
Valuation
Trailing PE 36.98 | Forward PE 31.55 | Enterprise Value 5417326222 | Price to Sales(TTM) 6.56 |
Enterprise Value 5417326222 | Price to Sales(TTM) 6.56 | ||
Enterprise Value to Revenue 9.85 | Enterprise Value to EBITDA 17.36 | Shares Outstanding 113174006 | Shares Floating 110453303 |
Shares Outstanding 113174006 | Shares Floating 110453303 | ||
Percent Insiders 2.38 | Percent Institutions 95.83 |
Upturn AI SWOT
Tanger Factory Outlet Centers Inc

Company Overview
History and Background
Tanger Factory Outlet Centers, Inc. was founded in 1981 by Stanley K. Tanger. It pioneered the outlet center industry and grew through development and acquisitions, becoming a publicly traded REIT in 1993. Tanger has focused on operating and leasing high-quality outlet centers.
Core Business Areas
- Leasing: Leasing retail space to brand-name manufacturers and retailers in outlet centers.
- Property Management: Managing and operating outlet centers, including maintenance, marketing, and security.
- Development and Acquisitions: Developing new outlet centers and acquiring existing properties to expand the portfolio.
Leadership and Structure
Stephen Yalof is the CEO. The company operates as a REIT with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Outlet Center Space: Tanger provides retail space to brand-name retailers. While exact market share data is difficult to pinpoint due to the fragmented nature of the outlet mall industry, Tanger is a major player. Competitors include Simon Property Group and Macerich. Revenue for fiscal year 2023 was $433.9 million.
Market Dynamics
Industry Overview
The outlet center industry is evolving, with a focus on experience, dining, and entertainment alongside retail. The industry is moderately competitive and impacted by consumer spending and tourism trends.
Positioning
Tanger positions itself as a leading operator of high-quality outlet centers, focusing on strong brand partnerships and strategic locations. It leverages its brand recognition and economies of scale.
Total Addressable Market (TAM)
The TAM for outlet centers is estimated to be in the billions of dollars annually. Tanger is positioned to capture a portion of this market by maintaining its strong presence in the outlet sector.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Diversified tenant base
- Experienced management team
- Prime locations in tourist destinations
Weaknesses
- Reliance on physical retail
- Susceptibility to economic downturns
- Limited growth opportunities compared to online retail
- High debt load
Opportunities
- Expansion into new markets
- Enhancing online presence
- Developing mixed-use properties
- Partnering with e-commerce brands
Threats
- Increased competition from online retailers
- Changes in consumer spending habits
- Economic recessions
- Rising interest rates
Competitors and Market Share
Key Competitors
- SPG
- MAC
- BAM
Competitive Landscape
Tanger's advantages include its strong brand recognition and experienced management. Disadvantages include its smaller size and reliance on physical retail compared to larger, more diversified competitors.
Growth Trajectory and Initiatives
Historical Growth: Tanger's growth has been moderate in recent years, with a focus on maintaining occupancy and improving tenant quality. They've faced challenges during the pandemic but are recovering.
Future Projections: Analysts project modest revenue growth for Tanger, driven by increased occupancy and rental rates. The company's focus on strategic acquisitions and developments will also contribute to growth.
Recent Initiatives: Recent initiatives include enhancing the customer experience, investing in digital marketing, and developing mixed-use components at some locations.
Summary
Tanger Factory Outlet Centers, Inc. is a relatively strong player in the outlet center industry with experienced management and brand recognition. It's financial performance is mixed, demonstrating a need for improvement. The company needs to capitalize on opportunities in digital marketing and mixed-use properties to counter the threat of online retailers and economic downturns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Tanger Factory Outlet Centers Inc. SEC Filings
- Company Investor Relations
- Financial News Articles
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tanger Factory Outlet Centers Inc
Exchange NYSE | Headquaters Greensboro, NC, United States | ||
IPO Launch date 1993-05-27 | President, CEO & Director Mr. Stephen J. Yalof | ||
Sector Real Estate | Industry REIT - Retail | Full time employees 372 | Website https://www.tanger.com |
Full time employees 372 | Website https://www.tanger.com |
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 37 outlet centers and three open-air lifestyle centers includes 16 million square feet well positioned across tourist destinations and vibrant markets in 21 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended June 30, 2025.

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