Saturday 17 October 2026 Export SKT’s income statement to Excel — free account

Tanger Inc.

Tanger Inc.’s revenue for fiscal 2025 (year ended December 2025) was $581.6 million, up 10.5% from fiscal 2024. In the quarter to June 2026, revenue grew 11.2%, EPS grew 7.41%, free cash flow fell 86.2% and total debt rose 22.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

35.43 0.12 +0.34%

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Market cap: $4.1B
P/E: 31.9×
Fwd P/E: 35.3×
Dividend yield: 3.42%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.47

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	1	—	1	—	—	—	—	—

Insider Ownership 2.11%

Capital & Financial Ratios $m

Market Cap 4,060.00

Revenue 612.31

Net Income 132.19

Free Cash Flow 114.82

Net Debt 1,633.08

Current Ratio 2.12

Debt/Equity 2.65

P/E ratio 31.92

Fwd P/E 35.30

P/S ratio 6.62

P/B ratio 5.78

Past 5Y EPS Growth —

This Y EPS Growth 3.08%

Next Y EPS Growth 9.37%

Next Y revenue growth 3.43%

Next 5Y EPS Growth 2.82%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 53.04%

10-year low 10-year high

P/S against its own 10 years 74.49%

10-year low 10-year high

P/B against its own 10 years 90.12%

10-year low 10-year high

EV/Sales against its own 10 years 69.89%

10-year low 10-year high

EV/FCF against its own 10 years 78.25%

10-year low 10-year high

Dividends

Payout Ratio 1.10

Annual Dividend Rate 1.21

Annual Dividend Yield 3.42%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.23	0.29 0.31 0.31
2025	1.15	0.28 0.29 0.29 0.29
2024	1.09	0.26 0.28 0.28 0.28
2023	0.97	0.22 0.25 0.25 0.26
2022	0.80	0.18 0.20 0.20 0.22
2021	0.72	0.18 0.18 0.18 0.18
2020	0.71	0.36 0.36
2019	1.42	0.35 0.36 0.36 0.36
2018	1.39	0.34 0.35 0.35 0.35
2017	1.35	0.33 0.34 0.34 0.34
2016	1.26	0.29 0.33 0.33 0.33

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	22	47	54	228
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	22	47	54	228

	2023	2024	2025	Q'26
Payables	119	108	133	108
ST’ Debt	—	—	—	—
Other	—	—	—	—
	119	108	133	108

Compound Annual Growth %

	10y	5y	3y
Sales	2.84%	8.32%	9.53%
Cash Flow	2.95%	12.39%	11.35%
Earnings	(5.81%)	0.00%	11.83%
Book Value	1.95%	15.42%	12.67%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	150	156	—	—	—
’25	135	141	145	160	582
’24	123	129	133	141	526
’23	109	111	117	127	464
’22	109	106	111	116	443
’21	101	101	112	112	427
’20	112	64	103	111	390

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	36	93	—	—	—
’25	41	82	74	98	295
’24	31	73	65	92	261
’23	26	73	53	77	230
’22	19	70	34	91	214
’21	31	60	52	74	218
’20	27	(13)	78	73	165

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	14	11	—	—	—
’25	(134)	77	35	55	33
’24	4	45	40	(12)	77
’23	(1)	26	0	(254)	(229)
’22	11	63	12	70	156
’21	32	55	40	51	177
’20	16	(19)	78	67	142

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.24	0.29	—	—	—
’25	0.17	0.26	0.28	0.29	0.99
’24	0.20	0.22	0.22	0.23	0.88
’23	0.21	0.23	0.26	0.22	0.92
’22	0.19	0.19	0.22	0.17	0.77
’21	0.04	0.02	(0.11)	0.12	0.08
’20	(0.30)	(0.25)	0.14	0.00	(0.40)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.46	21.81	19.84	13.61	4.05	9.62	13.26	17.22	25.67	28.69	Analyst estimates 2026–2028 Powerpack
	High	42.20	37.34	26.65	23.14	16.93	22.51	20.29	28.77	37.57	36.76
People
People	Employees	659	640	643	636	527	573	603	407	425	477
	Revenue/emp, $m	0.71	0.76	0.77	0.75	0.74	0.74	0.73	1.14	1.24	1.22
Income, $m
Income, $m	Revenue	466	488	495	478	390	427	443	464	526	582
	Gross margin, %	67.37	68.20	67.56	67.03	64.84	67.00	67.48	68.66	69.83	69.65
	EBT	193	70	45	85	(39)	1	77	96	91	106
	EBT margin, %	41.53	14.32	9.02	17.75	(10.04)	0.15	17.45	20.59	17.39	18.21
	Net income	204	72	46	93	(38)	10	86	104	103	120
	Depreciation	123	134	138	128	124	115	117	113	143	155
Per share, $
Per share, $	Revenue	4.90	5.17	5.30	5.15	4.00	4.05	4.08	4.44	4.81	5.14
	Earnings	2.02	0.71	0.45	0.93	(0.40)	0.08	0.78	0.94	0.89	1.01
	Cash flow	2.52	2.68	2.77	2.38	1.69	2.07	1.97	2.19	2.39	2.61
	Capex	(1.50)	(1.44)	(0.70)	0.86	(0.23)	(0.38)	(0.53)	(4.38)	(1.69)	(2.32)
	Free cash flow	1.01	1.24	2.07	3.23	1.46	1.69	1.44	(2.19)	0.70	0.29
	Book value	7.42	6.48	5.42	4.91	3.68	4.75	4.74	5.65	6.22	6.50
	Shares, m	95	95	93	93	98	105	108	105	109	113
Valuation, ×
Valuation, ×	P/E	17.94	37.53	44.93	15.84	0.00	241.00	22.71	30.34	37.92	33.04
	P/S	7.36	5.09	3.81	2.86	2.49	4.76	4.34	6.29	7.09	6.49
	P/B	4.86	4.05	3.73	3.00	2.71	4.06	3.74	4.94	5.49	5.14
	EV/Sales	10.96	8.68	7.26	6.10	6.29	7.65	6.97	9.34	9.71	9.15
	EV/FCF	52.91	36.17	18.63	9.74	17.29	18.39	19.74	(18.94)	66.74	161.34
Cash, $m
Cash, $m	Operating cash flow	239	253	258	220	165	218	214	230	261	295
	Capex	(143)	(136)	(66)	79	(23)	(40)	(58)	(459)	(184)	(262)
	Free cash flow	96	117	193	300	142	177	156	(229)	77	33
Balance, $m
Balance, $m	Working capital	(66)	(84)	(74)	(63)	(3)	68	160	(97)	(61)	(80)
	Total debt	1,688	1,764	1,713	1,570	1,568	1,397	1,428	1,439	1,424	1,597
	Net debt	1,676	1,758	1,704	1,553	1,483	1,236	1,164	1,417	1,377	1,543
	Shareholders’ equity	705	612	506	456	359	500	514	591	680	735
Returns, %
Returns, %	ROA	7.92	2.64	1.77	3.76	(1.62)	0.42	3.75	4.37	4.19	4.56
	ROIC	3.97	4.24	3.07	3.29	0.70	3.71	4.29	4.16	4.58	4.69
	ROE	29.25	10.14	7.81	18.27	(8.90)	2.12	16.19	17.94	15.51	16.23

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MAC Macerich Company (The)	$6.8B	— (loss-making)	— (loss-making)	−0.03% (below 0%: shrinking)	n/m	−57.87% (below 0%: shrinking)	53.67%	15.35%	Compare
EPRT Essential Properties Realty Trust, Inc.	$5.7B	20.2×	23.2×	+18.11% (above 0%: growing)	+6.25% (above 0%: growing)	+28.34% (above 0%: growing)	99.33%	64.50%	Compare
PECO Phillips Edison & Company, Inc.	$5.4B	33.2×	51.7×	+6.68% (above 0%: growing)	+230.00% (above 0%: growing)	+147.93% (above 0%: growing)	71.21%	28.80%	Compare
KRG Kite Realty Group Trust	$4.9B	15.1×	79.4×	−8.03% (below 0%: shrinking)	+60.00% (above 0%: growing)	−21.08% (below 0%: shrinking)	73.01%	23.52%	Compare
SKT Tanger Inc.	$4.1B	31.9×	35.3×	+11.15% (above 0%: growing)	+7.41% (above 0%: growing)	−86.16% (below 0%: shrinking)	70.92%	30.98%
CURB Curbline Properties Corp.	$3.1B	98.2×	183×	+52.88% (above 0%: growing)	−40.00% (below 0%: shrinking)	−167.77% (below 0%: shrinking)	87.51%	19.18%	Compare
AKR Acadia Realty Trust	$2.6B	54.7×	54.2×	−5.14% (below 0%: shrinking)	+400.00% (above 0%: growing)	+93.19% (above 0%: growing)	68.80%	23.76%	Compare
UE Urban Edge Properties	$2.6B	36.1×	42.4×	+7.62% (above 0%: growing)	−69.57% (below 0%: shrinking)	−84.13% (below 0%: shrinking)	70.52%	31.44%	Compare
FCPT Four Corners Property Trust, Inc.	$2.4B	19.8×	20.9×	+7.65% (above 0%: growing)	−3.57% (below 0%: shrinking)	+15.78% (above 0%: growing)	85.43%	55.08%	Compare
Median of peers	$4.0B	33.2×	51.7×	+7.15%	+6.25%	−2.65%	72.11%	26.28%

All 26 Reit Retail stocks →

Tanger Inc. (SKT) key facts

Strength: Tanger Inc.’s revenue for fiscal 2025 (year ended December 2025) was $581.6 million, up 10.5% from fiscal 2024.
Strength: Net income was $119.5 million, or $1.01 per share (basic), a net margin of 19.7%.
Tanger Inc. (SKT) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, SKT traded at $35.43, a market capitalization of $4.1 billion.
At that price the stock trades at 31.9× trailing-twelve-month earnings and 6.6× sales; its P/E is higher than 53% of its own readings over the past ten years.
Tanger Inc. pays an annual dividend of $1.21 per share, a yield of 3.42%, with a payout ratio of 110.0%.
Return on equity was 16.2% and debt-to-equity 2.65.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.