Tanger Factory Outlet Centers, Inc. Aktie News

Tanger Factory Outlet Centers, Inc. (NYSE:SKT ) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Ashley Curtis - Assistant VP, IR Stephen Yalof - Director, President & CEO Michael Bilerman - EVP, CFO & Chief Investment Officer Justin Stein - EVP, Leasing Leslie Swanson - EVP & Chief Operating Officer Doug McDonald - SVP, Finance & Capital Markets Conference Call Part...

Grows Same Center Occupancy by 60 Basis Points Year Over Year Achieves 9th Consecutive Quarter of Positive Rent Spreads Increases, Extends and Improves Pricing of Unsecured Lines of Credit GREENSBORO, N.C. , April 30, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics f...

Tanger stock price has soared since June 2020. Financially strong companies like Tanger often recover and experience future growth despite initial challenges. Tanger's business model as an outlet mall owner provides flexibility and potential for higher profits compared to traditional malls.

American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options due to their strong portfolios and potential for growth.

Capacity Increased by $100 Million to $620 Million Maturity Extended to April 2029 including Extension Options  Pricing Grid Improved GREENSBORO, N.C, April 15, 2024 /PRNewswire/ -- Tanger Inc. (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today announced that its operating partnership, Tanger Properties Limited Partnership, has amended and extend...

GREENSBORO, N.C., April 10, 2024 /PRNewswire/ -- Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors approved a 5.8% increase in the dividend on its common shares from $1.04 to $1.10 per share on an annualized basis.

Tanger has seen strong performance in stock price, outperforming the S&P 500 since my last piece. SKT has demonstrated strong momentum in same-store NOI growth and maintains high occupancy. While not a bad value, there are better alternatives on the market, such as Simon Property Group, which trades at a cheaper valuation.

GREENSBORO, N.C., March 11, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended March 31, 2024 will be released on Tuesday, April 30, 2024 after the market close.