Tanger Factory Outlet Centers, Inc. | REIT Profile
Symbol: SKT
CIK: 899715
Exchange: NYSE
Founded: 1981 (43 years)
HQ: Greensboro, NC, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail
See SKT on Yahoo Finance
See SKT on SEC.gov
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Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. For more information on Tanger, call 1-800-4TANGER or visit tanger.com.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $27.71 | $28.34 | $27.53 | $28.09 | $27.95 | 649,059 | -$0.24 | -0.86% |
Last update: 2024-07-26 13:00:07 PST
Hightlights of Trading Day July 5, 2024
Closing Price: $26.13
Price Change: -0.02 (-0.076%)
Lowest Price: $25.96
Highest Price: $26.42
52-Week Low: $20.82
52-Week Change: 24.54%
5 Day Price Change: -2.93%
1 Month Price Change: -4.74%
3 Month Price Change: -3.89%
6 Month Price Change: -1.55%
1 Year Price Change: 23.19%
2 Year Price Change: 98.27%
5 Year Price Change: 112.27%
Dividend of Trading Day July 5, 2024
Annualized Dividend: $1.1*
Dividend Yield (TTM): 3.92%
Annualized Dividend (TTM): $1.0252
Ex-Dividend Date: 2024-04-29
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Tanger Declares Dividend Payable August 15, 2024 - Tue, 16 Jul 2024 12:52:52 UTC
- Tanger Inc. Receives 2024 Nareit Investor CARE Gold Award for Excellence in Communications and Reporting - Thu, 06 Jun 2024 18:09:44 UTC
- Tanger Expands Partnership with Sephora - Mon, 03 Jun 2024 11:00:41 UTC
- Tanger Releases 2023 Environmental, Social, and Governance Report - Thu, 30 May 2024 20:05:46 UTC
- Tanger Reports First Quarter Results and Raises Full-Year 2024 Guidance - Tue, 30 Apr 2024 20:05:34 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for SKT.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q1 | FFO | $--- | $--- | ---% |
| 2024 | Q1 | CORE AFFO | $--- | $--- | ---% |
| 2023 | Q4 | FFO | $--- | $--- | ---% |
| 2023 | Q4 | CORE AFFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day July 5, 2024
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Total Revenue: ---
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Debt to Equity Ratio (D/E): ---
Enterprise Value (EV): ---
Enterprise Value to Revenue (EV/R): ---
Price to Sales (P/S): ---
Price to Book (P/B): ---
Price/Earnings-to-Growth (PEG) Ratio: ---
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P/E High: ---
P/E Low: ---
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Market Capitalization: ---
Latest Volume: ---
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Properties Owned by SKT
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $15.16 per share you would have been able to buy 65 shares of SKT on 2023-07-26 costing $985.40 | @ $15.16 per share you would have been able to buy 32 shares of SKT on 2023-07-26 costing $485.12 | @ $15.16 per share you would have been able to buy 16 shares of SKT on 2023-07-26 costing $242.56 | @ $15.16 per share you would have been able to buy 6 shares of SKT on 2023-07-26 costing $90.96 | @ $15.16 per share you would have been able to buy 3 shares of SKT on 2023-07-26 costing $45.48 |
| Current worth | On 2024-07-05 these 65 shares would be worth $1,698.45 @ $26.13 | On 2024-07-05 these 32 shares would be worth $836.16 @ $26.13 | On 2024-07-05 these 16 shares would be worth $418.08 @ $26.13 | On 2024-07-05 these 6 shares would be worth $156.78 @ $26.13 | On 2024-07-05 these 3 shares would be worth $78.39 @ $26.13 |
| Dividends earned | $67.60 in dividends would have been earned since 2023-07-26 with 65 shares. | $33 in dividends would have been earned since 2023-07-26 with 32 shares. | $16.64 in dividends would have been earned since 2023-07-26 with 16 shares. | $6.24 in dividends would have been earned since 2023-07-26 with 6 shares. | $3.12 in dividends would have been earned since 2023-07-26 with 32 shares. |
| Net (gain / loss)* | 780.65 USD | 384.32 USD | 192.16 USD | 72.06 USD | 36.03 USD |
| ROI** | 79.22% | 79.22% | 79.22% | 79.22% | 79.22% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- | --- |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITProperty
| Name | Type | Address | City | State |
|---|---|---|---|---|
| Foley | Retail | 2601 S McKenzie Street | Foley | AL |
| Phoenix/Glendale | Retail | 6800 N. 95th Avenue | Glendale | AZ |
| Foxwoods | Retail | 455 Trolley Line Boulevard | Mashantucket | CT |
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Alexander's Inc. (ALX) | N/A | NYSE | Small-Cap | Diversified | United States |
| Regency Centers Corporation (REG) | N/A | NYSE | Large-Cap | Retail | United States |
Last updated: 2024-07-26 - v4.9