Overview Dividends

(SKT) Tanger Factory Outlet - Ratings and Ratios

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

Outlet Centers, Open-Air Retail, Lifestyle Centers, Shopping Destinations

SKT EPS (Earnings per Share)

EPS Growth (3Y CAGR): 19.90%
EPS Trend (3Y Correlation): 53.8%

SKT Revenue

Revenue Growth (3Y CAGR): 8.35%
Revenue Trend (3Y Correlation): 94.3%

Risk via 10d forecast
Volatility	23.0%
Value at Risk 5%th	35.0%
Relative Tail Risk	-7.50%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-13.88

Character TTM
Hurst Exponent	0.352
Beta	0.778
Beta Downside	0.969

Drawdowns 3y
Max DD	20.96%
Mean DD	6.19%
Median DD	5.75%

Description: SKT Tanger Factory Outlet November 09, 2025

Tanger Factory Outlet Centers Inc. (NYSE: SKT) is a publicly traded REIT that owns and operates 37 outlet malls and three open-air lifestyle centers across 21 U.S. states and Canada, encompassing roughly 16 million sq ft of leasable space and hosting over 3,000 stores from more than 700 brands. The company, with 44 years in the outlet-shopping sector, filed a Form 8-K covering the quarter ended June 30 2025.

Key operating metrics that analysts watch include an occupancy rate that has held near 95 % in Q2 2025, a rent-per-square-foot growth of about 4 % year-over-year, and a same-store sales increase of roughly 3 % despite a modest slowdown in discretionary consumer spending. The outlet-REIT segment remains sensitive to tourism trends and macro-economic factors such as consumer confidence and real-interest-rate movements, which influence both foot traffic and the cost of capital for future acquisitions.

For a deeper dive into SKT’s valuation dynamics and scenario analysis, you may find ValueRay’s research tools useful for extending your own assessment.

SKT Stock Overview

Market Cap in USD	3,969m
Sub-Industry	Retail REITs
IPO / Inception	1993-05-27
Return 12m vs S&P 500	-15.7%
Analyst Rating	3.80 of 5

SKT Dividends

Dividend Yield	3.40%
Yield on Cost 5y	15.52%
Yield CAGR 5y	11.07%
Payout Consistency	98.4%
Payout Ratio	118.5%

SKT Growth Ratios

CAGR 3y	25.50%
CAGR/Max DD Calmar Ratio	1.22
CAGR/Mean DD Pain Ratio	4.12
Current Volume	466.5k
Average Volume	790.1k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (109.1m TTM) > 0 and > 6% of Revenue (6% = 33.7m TTM)

FCFTA 0.11 (>2.0%) and ΔFCFTA 0.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -199.3% (prev -14.76%; Δ -184.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 289.4m > Net Income 109.1m (YES >=105%, WARN >=100%)

Net Debt (2.73b) to EBITDA (318.0m) ratio: 8.59 <= 3.0 (WARN <= 3.5)

Current Ratio 0.01 (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 2.70 (EBITDA TTM 318.0m / Interest Expense TTM 63.7m) >= 6 (WARN >= 3)

Altman Z'' -3.28

(A) -0.42 = (Total Current Assets 13.0m - Total Current Liabilities 1.13b) / 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: -3.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 58.35

1. Piotroski 3.0pt = -2.0

2. FCF Yield 4.31% = 2.15

3. FCF Margin 51.34% = 7.50

4. Debt/Equity 3.75 = -1.77

5. Debt/Ebitda 8.59 = -2.50

6. ROIC - WACC (= -4.93)% = -6.17

7. RoE 16.45% = 1.37

8. Rev. Trend 94.28% = 7.07

9. EPS Trend 53.83% = 2.69

What is the price of SKT shares?

As of November 17, 2025, the stock is trading at USD 33.93 with a total of 466,500 shares traded.
Over the past week, the price has changed by -0.93%, over one month by +5.91%, over three months by +6.30% and over the past year by -2.53%.

Is Tanger Factory Outlet a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Tanger Factory Outlet is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 58.35 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SKT is around 38.44 USD . This means that SKT is currently undervalued and has a potential upside of +13.29% (Margin of Safety).

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	36.2	6.6%
Analysts Target Price	36.2	6.6%
ValueRay Target Price	41.6	22.7%

SKT Fundamental Data Overview November 11, 2025

Market Cap USD = 3.97b (3.97b USD * 1.0 USD.USD)
P/E Trailing = 36.6809
P/E Forward = 31.5457
P/S = 6.9009
P/B = 6.01
P/EG = 3.6521
Beta = 1.053
Revenue TTM = 562.0m USD
EBIT TTM = 171.9m USD
EBITDA TTM = 318.0m USD
Long Term Debt = 1.42b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.13b USD (from shortTermDebt, last quarter)
Debt = 2.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.73b USD (from netDebt column, last quarter)
Enterprise Value = 6.70b USD (3.97b + Debt 2.75b - CCE 13.0m)
Interest Coverage Ratio = 2.70 (Ebit TTM 171.9m / Interest Expense TTM 63.7m)
FCF Yield = 4.31% (FCF TTM 288.5m / Enterprise Value 6.70b)
FCF Margin = 51.34% (FCF TTM 288.5m / Revenue TTM 562.0m)
Net Margin = 19.42% (Net Income TTM 109.1m / 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 = 2.54 (Enterprise Value 6.70b / Total Assets 2.64b)
Interest Expense / Debt = 0.60% (Interest Expense 16.4m / Debt 2.75b)
Taxrate = 95.95% (98.6m / 102.8m)
NOPAT = 6.97m (EBIT 171.9m * (1 - 95.95%))
Current Ratio = 0.01 (Total Current Assets 13.0m / Total Current Liabilities 1.13b)
Debt / Equity = 3.75 (Debt 2.75b / totalStockholderEquity, last quarter 732.2m)
Debt / EBITDA = 8.59 (Net Debt 2.73b / EBITDA 318.0m)
Debt / FCF = 9.47 (Net Debt 2.73b / FCF TTM 288.5m)
Total Stockholder Equity = 663.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.14% (Net Income 109.1m / Total Assets 2.64b)
RoE = 16.45% (Net Income TTM 109.1m / Total Stockholder Equity 663.4m)
RoCE = 8.24% (EBIT 171.9m / Capital Employed (Equity 663.4m + L.T.Debt 1.42b))
RoIC = 0.32% (NOPAT 6.97m / Invested Capital 2.14b)
WACC = 5.26% (E(3.97b)/V(6.72b) * Re(8.88%) + D(2.75b)/V(6.72b) * Rd(0.60%) * (1-Tc(0.96)))
Discount Rate = 8.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.10%
[DCF Debug] Terminal Value 77.39% ; FCFE base≈270.3m ; Y1≈310.8m ; Y5≈436.0m
Fair Price DCF = 56.03 (DCF Value 6.45b / Shares Outstanding 115.1m; 5y FCF grow 17.55% → 3.0% )
EPS Correlation: 53.83 | EPS CAGR: 19.90% | SUE: 1.24 | # QB: 2
Revenue Correlation: 94.28 | Revenue CAGR: 8.35% | SUE: 0.72 | # QB: 0

Additional Sources for SKT Stock

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