(SKT) Tanger Factory Outlet - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8754651060

Outlet Centers, Open-Air Lifestyle Centers, Retail Leasing

Retail REITs
Market Cap in USD: 3,905m

IPO / Inception: 1993-05-27
12m vs SPY: -11.8%

EPS (Earnings per Share)

EPS CAGR: -45.35%
EPS Trend: -12.0%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 6.61%
Rev. Trend: 92.8%

Last SUE: 0.72
Qual. Beats: 0

Dividends

Dividend Yield	3.65%
Yield on Cost 5y	13.00%
Yield CAGR 5y	12.63%
Payout Consistency	98.4%
Payout Ratio	118.5%

Risk via 5d forecast
Volatility	21.4%
Value at Risk 5%th	33.1%
Relative Tail Risk	-5.67%

Reward TTM
Sharpe Ratio	0.24
Alpha	-9.05
CAGR/Max DD	1.34

Character TTM
Hurst Exponent	0.324
Beta	0.763
Beta Downside	0.991

Drawdowns 3y
Max DD	20.96%
Mean DD	6.20%
Median DD	5.75%

Description: SKT Tanger Factory Outlet January 12, 2026

Tanger Factory Outlet Centers Inc. (NYSE: SKT) is a publicly traded REIT that owns and operates 38 outlet malls and three open-air lifestyle centers across 22 U.S. states and Canada, encompassing more than 16 million sq ft of retail space and housing over 3,000 stores from 800+ brands. The company, with 44 years in the outlet-shopping segment, filed a Form 8-K covering the quarter ended September 30 2025.

Key operating metrics from the latest quarter show an occupancy rate of roughly 96.5% and a 4% year-over-year increase in same-store net operating income, supporting a dividend yield near 5.8%. The outlook is heavily tied to consumer discretionary spending, tourism flows to destination markets, and the broader REIT cost-of-capital environment, which is sensitive to prevailing interest-rate trends.

For a deeper quantitative assessment, you may find ValueRay’s detailed valuation metrics and scenario analysis worth reviewing.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (107.8m TTM) > 0 and > 6% of Revenue (6% = 33.7m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA 1.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -19.27% (prev -14.76%; Δ -4.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 292.0m > Net Income 107.8m (YES >=105%, WARN >=100%)

Net Debt (1.69b) to EBITDA (322.1m) ratio: 5.25 <= 3.0 (WARN <= 3.5)

Current Ratio 0.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (114.6m) change vs 12m ago 3.97% (target <= -2.0% for YES)

Gross Margin 69.49% (prev 69.74%; Δ -0.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 22.89% (prev 22.54%; Δ 0.35pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.76 (EBITDA TTM 322.1m / Interest Expense TTM 63.7m) >= 6 (WARN >= 3)

Altman Z'' -0.75

(A) -0.04 = (Total Current Assets 50.2m - Total Current Liabilities 158.5m) / Total Assets 2.64b

(B) -0.20 = Retained Earnings (Balance) -529.0m / Total Assets 2.64b

(D) -0.29 = Book Value of Equity -556.8m / Total Liabilities 1.90b

Total Rating: -0.75 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.86

1. Piotroski 4.0pt

2. FCF Yield 4.44%

3. FCF Margin 44.17%

4. Debt/Equity 2.42

5. Debt/Ebitda 5.25

6. ROIC - WACC (= -5.76)%

7. RoE 16.43%

8. Rev. Trend 92.76%

9. EPS Trend -12.00%

What is the price of SKT shares?

As of January 12, 2026, the stock is trading at USD 34.11 with a total of 1,177,209 shares traded.
Over the past week, the price has changed by +2.31%, over one month by +2.46%, over three months by +5.91% and over the past year by +6.55%.

Is SKT a buy, sell or hold?

Tanger Factory Outlet has received a consensus analysts rating of 3.80. Therefor, it is recommend to hold SKT.

Strong Buy: 3
Buy: 2
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SKT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	36.5	7%
Analysts Target Price	36.5	7%
ValueRay Target Price	42.7	25.1%

SKT Fundamental Data Overview January 09, 2026

P/E Trailing = 36.0851
P/E Forward = 29.7619
P/S = 6.7888
P/B = 5.549
P/EG = 3.6521
Beta = 1.054
Revenue TTM = 562.0m USD
EBIT TTM = 176.0m USD
EBITDA TTM = 322.1m USD
Long Term Debt = 1.55b USD (from longTermDebt, last quarter)
Short Term Debt = 60.0m USD (from shortTermDebt, last quarter)
Debt = 1.70b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.69b USD (from netDebt column, last quarter)
Enterprise Value = 5.59b USD (3.90b + Debt 1.70b - CCE 13.0m)
Interest Coverage Ratio = 2.76 (Ebit TTM 176.0m / Interest Expense TTM 63.7m)
EV/FCF = 22.54x (Enterprise Value 5.59b / FCF TTM 248.2m)
FCF Yield = 4.44% (FCF TTM 248.2m / Enterprise Value 5.59b)
FCF Margin = 44.17% (FCF TTM 248.2m / Revenue TTM 562.0m)
Net Margin = 19.18% (Net Income TTM 107.8m / Revenue TTM 562.0m)
Gross Margin = 69.49% ((Revenue TTM 562.0m - Cost of Revenue TTM 171.5m) / Revenue TTM)
Gross Margin QoQ = 69.83% (prev 71.30%)
Tobins Q-Ratio = 2.12 (Enterprise Value 5.59b / Total Assets 2.64b)
Interest Expense / Debt = 0.97% (Interest Expense 16.4m / Debt 1.70b)
Taxrate = 95.95% (98.6m / 102.8m)
NOPAT = 7.13m (EBIT 176.0m * (1 - 95.95%))
Current Ratio = 0.32 (Total Current Assets 50.2m / Total Current Liabilities 158.5m)
Debt / Equity = 2.42 (Debt 1.70b / totalStockholderEquity, last quarter 703.6m)
Debt / EBITDA = 5.25 (Net Debt 1.69b / EBITDA 322.1m)
Debt / FCF = 6.81 (Net Debt 1.69b / FCF TTM 248.2m)
Total Stockholder Equity = 656.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 107.8m / Total Assets 2.64b)
RoE = 16.43% (Net Income TTM 107.8m / Total Stockholder Equity 656.3m)
RoCE = 7.97% (EBIT 176.0m / Capital Employed (Equity 656.3m + L.T.Debt 1.55b))
RoIC = 0.33% (NOPAT 7.13m / Invested Capital 2.19b)
WACC = 6.09% (E(3.90b)/V(5.61b) * Re(8.73%) + D(1.70b)/V(5.61b) * Rd(0.97%) * (1-Tc(0.96)))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.10%
[DCF Debug] Terminal Value 86.61% ; FCFF base≈224.4m ; Y1≈250.3m ; Y5≈329.6m
Fair Price DCF = 64.65 (EV 9.13b - Net Debt 1.69b = Equity 7.44b / Shares 115.1m; r=6.09% [WACC]; 5y FCF grow 13.34% → 2.90% )
EPS Correlation: -12.00 | EPS CAGR: -45.35% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.76 | Revenue CAGR: 6.61% | SUE: 0.72 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=+0.007 | Revisions Net=+2 | Analysts=3
EPS next Year (2026-12-31): EPS=1.10 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+15.0% | Growth Revenue=+4.3%

Additional Sources for SKT Stock

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