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Tanger Factory Outlet Centers Inc (SKT)



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Upturn Advisory Summary
09/12/2025: SKT (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $35.55
1 Year Target Price $35.55
3 | Strong Buy |
2 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 31.78% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.86B USD | Price to earnings Ratio 38.77 | 1Y Target Price 35.55 |
Price to earnings Ratio 38.77 | 1Y Target Price 35.55 | ||
Volume (30-day avg) 10 | Beta 1.33 | 52 Weeks Range 28.38 - 36.56 | Updated Date 09/14/2025 |
52 Weeks Range 28.38 - 36.56 | Updated Date 09/14/2025 | ||
Dividends yield (FY) 3.29% | 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 38.77 | Forward PE 31.85 | Enterprise Value 5461464084 | Price to Sales(TTM) 6.88 |
Enterprise Value 5461464084 | Price to Sales(TTM) 6.88 | ||
Enterprise Value to Revenue 9.93 | Enterprise Value to EBITDA 17.5 | Shares Outstanding 113174000 | Shares Floating 110447644 |
Shares Outstanding 113174000 | Shares Floating 110447644 | ||
Percent Insiders 2.39 | Percent Institutions 95.79 |
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 concept and has grown to become a leading REIT specializing in outlet centers. The company went public in 1993.
Core Business Areas
- Real Estate Operations: Ownership, management, and leasing of outlet centers across the U.S. and Canada. The core business involves attracting brand-name retailers to occupy their spaces and managing the overall property to enhance customer experience and retailer profitability.
Leadership and Structure
Stephen Yalof serves as the President and CEO. The company operates as a Real Estate Investment Trust (REIT) with a board of directors and various executive management positions overseeing different aspects of the business, including leasing, property management, finance, and legal.
Top Products and Market Share
Key Offerings
- Outlet Center Space: Leasing space to retailers within outlet centers. Revenue is derived from rents, recoveries from tenants for operating expenses, and ancillary services. Market share data is difficult to pinpoint exactly but Tanger is one of the largest pure-play outlet center REITs. Competitors include Simon Property Group (SPG) and Macerich (MAC) which also own outlet centers within their larger portfolios.
Market Dynamics
Industry Overview
The outlet center industry is evolving, influenced by e-commerce, changing consumer preferences, and the rise of off-price retail. Successful outlet centers offer a compelling mix of brands, experiences, and value.
Positioning
Tanger is a leading pure-play outlet center REIT known for its focus on premium locations and strong tenant relationships. Its competitive advantage lies in its established brand reputation and deep industry expertise.
Total Addressable Market (TAM)
The global retail real estate market size was valued at $2.02 Trillion in 2023 and is projected to reach $3.63 Trillion by 2032. Tangeru2019s TAM is the portion of that market served by outlet centers. It is well-positioned through established brand reputation and expertise.
Upturn SWOT Analysis
Strengths
- Established brand recognition
- Strong tenant relationships
- Experienced management team
- Diversified portfolio of outlet centers
Weaknesses
- Exposure to retail industry trends
- Reliance on anchor tenants
- Limited geographic diversification
- High debt levels
Opportunities
- Expansion into new markets
- Enhancement of online presence
- Development of mixed-use properties
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition from e-commerce
- Changes in consumer spending habits
- Rising interest rates
Competitors and Market Share
Key Competitors
- SPG
- MAC
Competitive Landscape
Tanger differentiates itself through its focus on outlet centers, while SPG and MAC have diversified portfolios. Tanger's pure-play focus allows for specialized expertise, but also makes it more vulnerable to outlet-specific market trends.
Growth Trajectory and Initiatives
Historical Growth: Tanger's growth has been influenced by expansions of its existing centers and strategic acquisitions of outlet centers.
Future Projections: Analyst estimates need to be gathered from financial databases to provide future projections.
Recent Initiatives: Requires research into the company's latest press releases and investor presentations.
Summary
Tanger Factory Outlet Centers is a significant player in the outlet center REIT market, benefiting from its established brand and experienced management. However, the company faces challenges from e-commerce, economic fluctuations, and evolving consumer behavior. Its focus on outlet centers provides expertise, but also vulnerability to specific retail trends. Tanger's ability to adapt and innovate will be critical to its long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Industry reports
- Press releases
- Financial news sources
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change. Consult with a qualified financial advisor before making investment decisions.
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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