SKT Stock Analysis: Tanger Factory Outlet | NYSE
REIT - Retail | NYSE, USA | Market Cap: 4.507m USD | 12M Return: 12.5% | US8754651060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.5M
EPS Trend: 70.6%
Qual. Beats: 1
Rev. Trend: 65.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tanger Inc. (NYSE: SKT) is a U.S.-based real estate investment trust (REIT) that owns and operates outlet and open-air retail shopping centers. The company, headquartered in Greensboro, North Carolina and incorporated in 1981, has been publicly traded since 1993. Its portfolio consists of 38 outlet centers and three open-air lifestyle centers spanning more than 16 million square feet across 22 U.S. states and Canada, hosting over 3,000 stores from more than 800 brand-name tenants.
As a Retail REIT, Tanger primarily generates revenue by leasing space to retail tenants under multi-year rental agreements, often structured with a base rent plus percentage rent tied to tenants sales performance. Outlet centers typically serve a value-oriented retail model, offering brand-name merchandise at discounted prices, which can attract both local shoppers and tourist traffic to the centers locations.
- Same-center NOI growth driven by lease renewals and occupancy gains
- Outlet traffic and tourist spending trends support rental income
- Interest rate environment pressures FFO and acquisition pipeline
| Net Income: 128.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -3.68 > 1.0 |
| NWC/Revenue: 14.57% < 20% (prev -31.45%; Δ 46.02% < -1%) |
| CFO/TA 0.11 > 3% & CFO 301.1m > Net Income 128.3m |
| Net Debt (1.75b) to EBITDA (360.2m): 4.87 < 3 |
| Current Ratio: 1.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.7m) vs 12m ago 1.41% < -2% |
| Gross Margin: 69.54% > 18% (prev 68.71%; Δ 0.83% > 0.5%) |
| Asset Turnover: 23.05% > 50% (prev 21.88%; Δ 1.17% > 0%) |
| Interest Coverage Ratio: 2.78 > 6 (EBIT TTM 200.6m / Interest Expense TTM 72.1m) |
| A: 0.03 (Total Current Assets 196.9m - Total Current Liabilities 107.7m) / Total Assets 2.86b |
| B: -0.19 (Retained Earnings -538.7m / Total Assets 2.86b) |
| C: 0.08 (EBIT TTM 200.6m / Avg Total Assets 2.66b) |
| D: 0.31 (Book Value of Equity 674.0m / Total Liabilities 2.16b) |
| Altman-Z'' = 0.43 = B |
As of September 06, 2026, the stock is trading at USD 37.33 with a total of 453,266 shares traded. Over the past week, the price has changed by -1.06%, over one month by -8.33%, over three months by +3.46% and over the past year by +12.49%.
Current recommended Stop Loss: 36.40 (which is 2.5% or 1.3 ATR below the current price).
Tanger Factory Outlet has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold SKT.
- StrongBuy: 3
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.4 | 10.8% |
P/E Trailing = 34.9074
P/E Forward = 33.3333
P/S = 7.179
P/B = 6.484
P/EG = 4.1417
Revenue TTM = 612.3m USD
EBIT TTM = 200.6m USD
EBITDA TTM = 360.2m USD
Long Term Debt = 1.86b USD (from longTermDebt, last quarter)
Short Term Debt = 1.38b USD (from shortTermDebt, last quarter)
Debt = 1.95b USD (from shortLongTermDebtTotal, last quarter) + Leases 90.8m
Net Debt = 1.75b USD (calculated: Debt 1.95b - CCE 196.9m)
Enterprise Value = 6.26b USD (4.51b + Debt 1.95b - CCE 196.9m)
Interest Coverage Ratio = 2.78 (Ebit TTM 200.6m / Interest Expense TTM 72.1m)
EV/FCF = 29.01x (Enterprise Value 6.26b / FCF TTM 215.9m)
FCF Yield = 3.45% (FCF TTM 215.9m / Enterprise Value 6.26b)
FCF Margin = 35.25% (FCF TTM 215.9m / Revenue TTM 612.3m)
Net Margin = 20.96% (Net Income TTM 128.3m / Revenue TTM 612.3m)
Gross Margin = 69.54% ((Revenue TTM 612.3m - Cost of Revenue TTM 186.5m) / Revenue TTM)
Gross Margin QoQ = 70.92% (prev 68.93%)
Tobins Q-Ratio = 2.19 (Enterprise Value 6.26b / Total Assets 2.86b)
Interest Expense / Debt = 3.69% (Interest Expense 72.1m / Debt 1.95b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 158.5m (EBIT 200.6m * (1 - 21.00%))
Current Ratio = 1.83 (Total Current Assets 196.9m / Total Current Liabilities 107.7m)
Debt / Equity = 2.90 (Debt 1.95b / totalStockholderEquity, last quarter 674.0m)
Debt / EBITDA = 4.87 (Net Debt 1.75b / EBITDA 360.2m)
Debt / FCF = 8.13 (Net Debt 1.75b / FCF TTM 215.9m)
Total Stockholder Equity = 688.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.83% (Net Income 128.3m / Total Assets 2.86b)
RoE = 18.64% (Net Income TTM 128.3m / Total Stockholder Equity 688.6m)
RoCE = 7.87% (EBIT 200.6m / Capital Employed (Equity 688.6m + L.T.Debt 1.86b))
RoIC = 3.87% (NOPAT 158.5m / Invested Capital 4.10b)
WACC = 5.58% (E(4.51b)/V(6.46b) * Re(6.73%) + D(1.95b)/V(6.46b) * Rd(3.69%) * (1-Tc(0.21)))
Discount Rate = 6.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.93 | Cagr: 2.27%
[DCF] Terminal Value 73.10% ; FCFF base≈239.6m ; Y1≈210.2m ; Y5≈169.8m
[DCF] Fair Price = 8.45 (EV 2.73b - Net Debt 1.75b = Equity 970.5m / Shares 114.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.58 | EPS CAGR: 11.89% | SUE: 1.02 | # QB: 1
Revenue Correlation: 65.70 | Revenue CAGR: 5.91% | SUE: 1.08 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-1.17% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.09 | Chg30d=-0.30% | Revisions=-25% | GrowthEPS=+6.3% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=1.18 | Chg30d=-2.21% | Revisions=-40% | GrowthEPS=+8.0% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -57% (up=0, down=4)