(SKT) Tanger Factory Outlet - Overview

Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 3.959m USD | Total Return: 23.5% in 12m

Retail Centers, Shopping Destinations, Outlet Stores
Total Rating 40
Safety 54
Buy Signal 0.30
REIT - Retail
Industry Rotation: -8.5
Market Cap: 3.96B
Avg Turnover: 25.9M USD
ATR: 2.15%
Peers RS (IBD): 22.9
Risk 5d forecast
Volatility22.7%
Rel. Tail Risk-6.84%
Reward TTM
Sharpe Ratio0.75
Alpha-2.36
Character TTM
Beta0.626
Beta Downside1.129
Drawdowns 3y
Max DD20.96%
CAGR/Max DD1.32
EPS (Earnings per Share) EPS (Earnings per Share) of SKT over the last years for every Quarter: "2021-03": 0.04, "2021-06": 0.02, "2021-09": -0.11, "2021-12": 0.12, "2022-03": 0.19, "2022-06": 0.19, "2022-09": 0.22, "2022-12": 0.17, "2023-03": 0.22, "2023-06": 0.23, "2023-09": 0.26, "2023-12": 0.22, "2024-03": 0.2, "2024-06": 0.23, "2024-09": 0.22, "2024-12": 0.23, "2025-03": 0.204, "2025-06": 0.26, "2025-09": 0.28, "2025-12": 0.29, "2026-03": 0,
EPS CAGR: -45.35%
EPS Trend: -7.8%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of SKT over the last years for every Quarter: 2021-03: 100.694, 2021-06: 101.273, 2021-09: 112.465, 2021-12: 114.239, 2022-03: 108.868, 2022-06: 105.838, 2022-09: 111.446, 2022-12: 118.26, 2023-03: 110.878, 2023-06: 110.641, 2023-09: 117.346, 2023-12: 127.477, 2024-03: 123.371, 2024-06: 128.956, 2024-09: 133.001, 2024-12: 140.735, 2025-03: 135.363, 2025-06: 140.694, 2025-09: 145.208, 2025-12: 160.297, 2026-03: null,
Rev. CAGR: 10.87%
Rev. Trend: 95.6%
Last SUE: 3.65
Qual. Beats: 1

Warnings

Altman Z'' -3.22 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: SKT Tanger Factory Outlet

Tanger Inc. (SKT) operates 38 outlet centers and three open-air lifestyle centers. These properties total over 16 million square feet across 22 U.S. states and Canada.

The company, a Real Estate Investment Trust (REIT), focuses on retail properties, specifically outlet malls. Outlet centers typically offer branded merchandise at discounted prices, attracting both local shoppers and tourists.

Tangers properties host over 3,000 stores from more than 800 brand-name companies. This business model relies on attracting a diverse range of retailers to its locations, generating revenue through leases and property management.

For more detailed financial analysis, consider exploring ValueRay.

Headlines to Watch Out For
  • Tenant occupancy rates impact rental income
  • Consumer discretionary spending affects outlet sales
  • Interest rate changes influence borrowing costs
  • E-commerce growth shifts retail landscape
Piotroski VR‑10 (Strict) 4.0
Net Income: 114.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.67 > 1.0
NWC/Revenue: -192.1% < 20% (prev -11.55%; Δ -180.5% < -1%)
CFO/TA 0.11 > 3% & CFO 297.3m > Net Income 114.8m
Net Debt (2.71b) to EBITDA (336.3m): 8.07 < 3
Current Ratio: 0.02 > 1.5 & < 3
Outstanding Shares: last quarter (114.6m) vs 12m ago 1.41% < -2%
Gross Margin: 55.85% > 18% (prev 0.70%; Δ 5.52k% > 0.5%)
Asset Turnover: 23.09% > 50% (prev 22.09%; Δ 1.00% > 0%)
Interest Coverage Ratio: 2.82 > 6 (EBITDA TTM 336.3m / Interest Expense TTM 65.7m)
Altman Z'' -3.22
A: -0.42 (Total Current Assets 18.1m - Total Current Liabilities 1.14b) / Total Assets 2.66b
B: -0.20 (Retained Earnings -529.2m / Total Assets 2.66b)
C: 0.07 (EBIT TTM 185.4m / Avg Total Assets 2.52b)
D: -0.29 (Book Value of Equity -556.4m / Total Liabilities 1.92b)
Altman-Z'' Score: -3.22 = D
What is the price of SKT shares? As of April 09, 2026, the stock is trading at USD 35.78 with a total of 577,310 shares traded.
Over the past week, the price has changed by +4.77%, over one month by -0.36%, over three months by +4.88% and over the past year by +23.48%.
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.
  • StrongBuy: 3
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the SKT price?
Analysts Target Price 38.6 7.7%
Tanger Factory Outlet (SKT) - Fundamental Data Overview as of 05 April 2026
P/E Trailing = 34.9192
P/E Forward = 32.0513
P/S = 6.6529
P/B = 5.6044
P/EG = 4.1417
Revenue TTM = 581.6m USD
EBIT TTM = 185.4m USD
EBITDA TTM = 336.3m USD
Long Term Debt = 1.55b USD (from longTermDebt, last quarter)
Short Term Debt = 355.7m USD (from shortTermDebt, last quarter)
Debt = 2.73b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.71b USD (from netDebt column, last quarter)
Enterprise Value = 6.67b USD (3.96b + Debt 2.73b - CCE 18.1m)
Interest Coverage Ratio = 2.82 (Ebit TTM 185.4m / Interest Expense TTM 65.7m)
EV/FCF = 31.54x (Enterprise Value 6.67b / FCF TTM 211.6m)
FCF Yield = 3.17% (FCF TTM 211.6m / Enterprise Value 6.67b)
FCF Margin = 36.38% (FCF TTM 211.6m / Revenue TTM 581.6m)
Net Margin = 19.74% (Net Income TTM 114.8m / Revenue TTM 581.6m)
Gross Margin = 55.85% ((Revenue TTM 581.6m - Cost of Revenue TTM 256.7m) / Revenue TTM)
Gross Margin QoQ = 18.44% (prev 69.83%)
Tobins Q-Ratio = 2.51 (Enterprise Value 6.67b / Total Assets 2.66b)
Interest Expense / Debt = 0.63% (Interest Expense 17.2m / Debt 2.73b)
Taxrate = 21.0% (US default 21%)
NOPAT = 146.4m (EBIT 185.4m * (1 - 21.00%))
Current Ratio = 0.02 (Total Current Assets 18.1m / Total Current Liabilities 1.14b)
Debt / Equity = 3.87 (Debt 2.73b / totalStockholderEquity, last quarter 706.5m)
Debt / EBITDA = 8.07 (Net Debt 2.71b / EBITDA 336.3m)
Debt / FCF = 12.83 (Net Debt 2.71b / FCF TTM 211.6m)
Total Stockholder Equity = 669.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.56% (Net Income 114.8m / Total Assets 2.66b)
RoE = 17.14% (Net Income TTM 114.8m / Total Stockholder Equity 669.8m)
RoCE = 8.34% (EBIT 185.4m / Capital Employed (Equity 669.8m + L.T.Debt 1.55b))
RoIC = 6.52% (NOPAT 146.4m / Invested Capital 2.24b)
WACC = 5.04% (E(3.96b)/V(6.69b) * Re(8.18%) + D(2.73b)/V(6.69b) * Rd(0.63%) * (1-Tc(0.21)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.79%
[DCF] Terminal Value 87.36% ; FCFF base≈209.2m ; Y1≈233.3m ; Y5≈308.0m
[DCF] Fair Price = 55.28 (EV 9.05b - Net Debt 2.71b = Equity 6.33b / Shares 114.5m; r=6.0% [WACC]; 5y FCF grow 13.34% → 3.0% )
EPS Correlation: -7.78 | EPS CAGR: -45.35% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.62 | Revenue CAGR: 10.87% | SUE: 3.65 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.28 | Chg7d=+0.003 | Chg30d=+0.003 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=1.09 | Chg7d=-0.025 | Chg30d=-0.025 | Revisions Net=-1 | Growth EPS=+6.3% | Growth Revenue=+1.6%
EPS next Year (2027-12-31): EPS=1.22 | Chg7d=+0.003 | Chg30d=+0.003 | Revisions Net=-1 | Growth EPS=+11.0% | Growth Revenue=+3.8%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.3% (Discount Rate 8.2% - Earnings Yield 2.9%)
[Growth] Growth Spread = -2.7% (Analyst 2.6% - Implied 5.3%)
External Resources
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