Pricing Log in Create free account
Friday 6 November 2026 Export SKT’s income statement to Excel — free account

Tanger Inc.

SKT Real Estate Reit Retail

Tanger Inc.’s revenue for fiscal 2025 (year ended December 2025) was $581.6 million, up 10.5% from fiscal 2024.

Revenue
+11.2%
EPS
+7.41%
Free cash flow
−86.2%
Total debt
+22.0%

Quarter to June 2026, against a year earlier

38.34 0.12 −0.31%
Market cap
$4.4B
P/E
34.5×
Fwd P/E
35.5×
Dividend yield
3.21%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.47
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — 1 — — — — — —
Insider Ownership 2.11%

Capital & Financial Ratios $m

Size
Market Cap 4,410.00
Revenue ttm 612.31
Net income ttm 132.19
Free cash flow ttm 114.82
Net debt Q 1,633.08
Valuation
P/E 34.54
Forward P/E 35.50 (above 35: high)
Price / sales 7.17
Forward P/S Powerpack
Price / FCF 38.22
Price / book 6.26
Financial health
Current ratio Q 2.12
Debt / equity Q 2.65
Interest coverage Q 2.49
Growth
Revenue growth Q +11.15% (above 0%: growing)
Operating income growth Q +8.35% (above 0%: growing)
EPS, this year +5.24%
EPS, next year A +8.04%
Revenue, next year A +3.60%
EPS, past 5 yrs —
EPS, next 5 yrs A +5.39%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 9.8×, against a ten-year median of 8.1×; over the ten years it ranged from 4.3× in 2020 to 12.4× in 2016.
P/E against its own 10 years 63.46%
10-year low 10-year high
P/S against its own 10 years 87.68%
10-year low 10-year high
P/B against its own 10 years 96.55%
10-year low 10-year high
EV/Sales against its own 10 years 82.80%
10-year low 10-year high
EV/FCF against its own 10 years 80.95%
10-year low 10-year high

Dividends raised 6 years running

Yield
3.21%
Annual rate
1.23
Payout ratio
111.8%
Growth, 2018–26
−1.54%/yr
  1. 1.39 ’18
  2. 1.42 ’19 +2
  3. 0.71 ’20 −50
  4. 0.72 ’21 +0
  5. 0.80 ’22 +12
  6. 0.97 ’23 +21
  7. 1.09 ’24 +12
  8. 1.15 ’25 +6
  9. 1.23 ’26 +7
paid change on the year, % Powerpack

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%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.63 Actual 0.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.59 0.63 Beat by 0.04
Q1 FY26 0.57 0.59 Beat by 0.02
Q2 FY26 0.62 0.64 Beat by 0.02
Q3 FY26 0.63 0.64 Beat by 0.01
Q4 FY26 0.65 — Reports 23 February 2027

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 466 488 495 478 390 427 443 464 526 582 612 +2.5% 603 623 667 +4.7%
Gross margin, % 67.37 68.20 67.56 67.03 64.84 67.00 67.48 68.66 69.83 69.65 69.54 +2.3 pt
EBT 193 70 45 85 (39) 1 77 96 91 106 117 (6.5%)
EBT margin, % 41.53 14.32 9.02 17.75 (10.04) 0.15 17.45 20.59 17.39 18.21 19.07 (23.3) pt
Net income 204 72 46 93 (38) 10 86 104 103 120 132 (5.8%)
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 5.35 +0.5%
Earnings 2.02 0.71 0.45 0.93 (0.40) 0.08 0.78 0.94 0.89 1.01 1.11 (7.4%)
Cash flow 2.52 2.68 2.77 2.38 1.69 2.07 1.97 2.19 2.39 2.61 2.64 +0.4%
Capex (1.50) (1.44) (0.70) 0.86 (0.23) (0.38) (0.53) (4.38) (1.69) (2.32) (1.63) +4.9%
Free cash flow 1.01 1.24 2.07 3.23 1.46 1.69 1.44 (2.19) 0.70 0.29 1.00 (12.9%)
Book value 7.42 6.48 5.42 4.91 3.68 4.75 4.74 5.65 6.22 6.50 6.13 (1.5%)
Shares, m 95 95 93 93 98 105 108 105 109 113 114 +2.0%
Valuation, ×
Valuation, × P/E 17.94 37.53 44.93 15.84 0.00 241.00 22.71 30.34 37.92 33.04 34.54 48.1
P/S 7.36 5.09 3.81 2.86 2.49 4.76 4.34 6.29 7.09 6.49 7.17 5.1
P/B 4.86 4.05 3.73 3.00 2.71 4.06 3.74 4.94 5.49 5.14 6.26 4.2
EV/Sales 10.96 8.68 7.26 6.10 6.29 7.65 6.97 9.34 9.71 9.15 9.83 8.2
EV/FCF 52.91 36.17 18.63 9.74 17.29 18.39 19.74 (18.94) 66.74 161.34 52.44 38.2
Cash, $m
Cash, $m Operating cash flow 239 253 258 220 165 218 214 230 261 295 302 +2.4%
Capex (143) (136) (66) 79 (23) (40) (58) (459) (184) (262) (187) +7.0%
Free cash flow 96 117 193 300 142 177 156 (229) 77 33 115 (11.2%)
Balance, $m
Balance, $m Working capital (66) (84) (74) (63) (3) 68 160 (97) (61) (80) 120 +2.1%
Net debt 1,676 1,758 1,704 1,553 1,483 1,236 1,164 1,417 1,377 1,543 1,633 (0.9%)
Shareholders’ equity 705 612 506 456 359 500 514 591 680 735 701 +0.5%
Returns, %
Returns, % ROA 7.92 2.64 1.77 3.76 (1.62) 0.42 3.75 4.37 4.19 4.56 4.78 (3.4) pt
ROIC 3.97 4.24 3.07 3.29 0.70 3.71 4.29 4.16 4.58 4.69 4.95 +0.7 pt
ROE 29.25 10.14 7.81 18.27 (8.90) 2.12 16.19 17.94 15.51 16.23 18.64 (13.0) pt
People
People Employees 659 640 643 636 527 573 603 407 425 477 — (3.5%)
Revenue/emp, $m 0.71 0.76 0.77 0.75 0.74 0.74 0.73 1.14 1.24 1.22 — +6.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Tanger Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

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) $7.4B — (loss-making) — (loss-making) +2.69% (above 0%: growing) n/m −3.56% (below 0%: shrinking) 0.00% 0.00% Compare
EPRT Essential Properties Realty Trust, Inc. $6.3B 22.8× 21.0× +16.38% (above 0%: growing) −15.15% (below 0%: shrinking) +12.90% (above 0%: growing) 98.73% 56.03% Compare
PECO Phillips Edison & Company, Inc. $5.8B 27.5× 44.5× +5.70% (above 0%: growing) +166.50% (above 0%: growing) +95.58% (above 0%: growing) 71.76% 29.93% Compare
KRG Kite Realty Group Trust $5.1B 15.7× 25.3× −7.17% (below 0%: shrinking) n/m −65.52% (below 0%: shrinking) 73.03% 7.13% Compare
SKT Tanger Inc. $4.4B 34.5× 35.5× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98%
CURB Curbline Properties Corp. $3.6B 123× 124× +46.15% (above 0%: growing) −33.33% (below 0%: shrinking) +34.90% (above 0%: growing) 87.10% 19.31% Compare
UE Urban Edge Properties $2.8B 24.5× 38.3× −0.47% (below 0%: shrinking) +255.33% (above 0%: growing) −33.79% (below 0%: shrinking) 69.37% 31.85% Compare
AKR Acadia Realty Trust $2.8B 73.2× 40.9× −5.96% (below 0%: shrinking) n/m −369.83% (below 0%: shrinking) 72.23% 10.76% Compare
FCPT Four Corners Property Trust, Inc. $2.6B 21.6× 20.4× +12.86% (above 0%: growing) −5.82% (below 0%: shrinking) +24.85% (above 0%: growing) 85.95% 55.51% Compare
Median of peers $4.3B 24.5× 38.3× +4.20% −5.82% +4.67% 72.63% 24.62%

All 26 Reit Retail stocks →

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.11m 6.06m 413.25
2024 6.87m 11.23m 407.58
2023 6.10m 20.61m 319.16
2022 5.48m 5.89m 196.94
2021 5.08m 16.10m 201.59

Ownership

Directors and executive officers, together 5.60%
BlackRock, Inc.50 Hudson Yards New York, NY 17.20%
Vanguard Portfolio Management LLC100 Vanguard Blvd. Malvern, PA 10.40%
FMR LLC245 Summer Street Boston, MA 10.20%
State Street Corporation1 Congress Street, Suite 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tanger Inc. (SKT) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.
Impact 3 · · Moby

4 Nov

Impact 3 · · Business Wire

28 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 · · Zacks

28 Aug

Impact 3 · transcript

25 Aug

Impact 3 ·

11 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 4 ·
Impact 3 ·
Impact 3 · · MarketBeat

6 Aug

Impact 4 · · credaily.com

5 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · Moby transcript

26 Jun

Impact 3 · · 24/7 Wall St.

16 Jun

Impact 3 ·
Impact 3 ·

1 Jun

Impact 4 · · Simply Wall St.

28 May

Impact 3 · · Business Wire

4 May

Impact 4 · · Simply Wall St.

2 May

Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

1 May

Impact 4 · · Exec Edge
Impact 4 · · Moby

30 Apr

Impact 3 · · Zacks

13 Apr

Impact 3 · · Simply Wall St.

SKT metrics, ten years each

stockrow.com/SKT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com