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

EPS (Earnings per Share)

EPS CAGR: 19.90%
EPS Trend: 53.8%

Last SUE: 1.24σ
Qual. Beats: 2

Revenue

Revenue CAGR: 8.35%
Revenue Trend: 94.3%

Last SUE: 0.72σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	25.5%
Value at Risk 5%th	39.1%
Relative Tail Risk	-6.88%

Reward TTM
Sharpe Ratio	-0.20
Alpha	-15.96

Character TTM
Hurst Exponent	0.364
Beta	0.779
Beta Downside	0.963

Drawdowns 3y
Max DD	20.96%
Mean DD	6.24%
Median DD	5.83%

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	3,757m
Sub-Industry	Retail REITs
IPO / Inception	1993-05-27
Return 12m vs S&P 500	-15.2%
Analyst Rating	3.80 of 5

SKT Dividends

Metric	Value
Dividend Yield	3.45%
Yield on Cost 5y	14.98%
Yield CAGR 5y	11.07%
Payout Consistency	95.3%
Payout Ratio	118.5%

SKT Growth Ratios

Metric	Value
CAGR 3y	25.19%
CAGR/Max DD Calmar Ratio	1.20
CAGR/Mean DD Pain Ratio	4.04
Current Volume	681.5k
Average Volume	723.8k

Piotroski VR‑10 (Strict, 0-10) 3.0

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

FCFTA 0.09 (>2.0%) and ΔFCFTA -1.26pp (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) 59.29

1. Piotroski 3.0pt

2. FCF Yield 4.56%

3. FCF Margin 44.17%

4. Debt/Equity 2.42

5. Debt/Ebitda 5.25

6. ROIC - WACC (= -5.80)%

7. RoE 16.43%

8. Rev. Trend 94.28%

9. EPS Trend 53.83%

What is the price of SKT shares?

As of November 24, 2025, the stock is trading at USD 33.48 with a total of 681,502 shares traded.
Over the past week, the price has changed by +1.61%, over one month by +1.70%, over three months by +1.70% and over the past year by -5.32%.

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	36.7	9.7%
Analysts Target Price	36.7	9.7%
ValueRay Target Price	41	22.5%

SKT Fundamental Data Overview November 21, 2025

Market Cap USD = 3.76b (3.76b USD * 1.0 USD.USD)
P/E Trailing = 34.7234
P/E Forward = 29.1545
P/S = 6.5327
P/B = 5.4329
P/EG = 3.6521
Beta = 1.053
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 = 5.45b USD (3.76b + Debt 1.70b - CCE 13.0m)
Interest Coverage Ratio = 2.76 (Ebit TTM 176.0m / Interest Expense TTM 63.7m)
FCF Yield = 4.56% (FCF TTM 248.2m / Enterprise Value 5.45b)
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 = 2.07 (Enterprise Value 5.45b / 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 = 4.09% (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 = 6.12% (E(3.76b)/V(5.46b) * Re(8.88%) + D(1.70b)/V(5.46b) * Rd(0.97%) * (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 77.20% ; FCFE base≈246.1m ; Y1≈279.2m ; Y5≈381.1m
Fair Price DCF = 49.09 (DCF Value 5.65b / Shares Outstanding 115.1m; 5y FCF grow 15.65% → 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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Fund Manager Positions: Dataroma | Stockcircle