SKT Stock Analysis: Tanger Factory Outlet | NYSE
REIT - Retail | NYSE, USA | Market Cap: 4.541m USD | 12M Return: 32.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.1M
EPS Trend: 76.4%
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 123.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.83 > 1.0 |
| NWC/Revenue: -15.44% < 20% (prev -34.81%; Δ 19.37% < -1%) |
| CFO/TA 0.10 > 3% & CFO 291.7m > Net Income 123.8m |
| Net Debt (1.78b) to EBITDA (352.4m): 5.07 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (114.6m) vs 12m ago 0.54% < -2% |
| Gross Margin: 42.62% > 18% (prev 69.32%; Δ -26.70% > 0.5%) |
| Asset Turnover: 22.46% > 50% (prev 21.71%; Δ 0.75% > 0%) |
| Interest Coverage Ratio: 2.87 > 6 (EBIT TTM 198.2m / Interest Expense TTM 69.1m) |
| A: -0.03 (Total Current Assets 263.2m - Total Current Liabilities 355.3m) / Total Assets 2.83b |
| B: -0.19 (Retained Earnings -536.0m / Total Assets 2.83b) |
| C: 0.07 (EBIT TTM 198.2m / Avg Total Assets 2.66b) |
| D: 0.31 (Book Value of Equity 670.5m / Total Liabilities 2.14b) |
| Altman-Z'' = 0.00 = B |
As of July 08, 2026, the stock is trading at USD 39.91 with a total of 1,074,517 shares traded. Over the past week, the price has changed by -0.27%, over one month by +7.75%, over three months by +15.14% and over the past year by +32.33%.
Current recommended Stop Loss: 38.80 (which is 2.8% or 1.4 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 | 40.3 | 0.9% |
P/E Trailing = 37.2925
P/E Forward = 36.2319
P/S = 7.4292
P/B = 6.7729
P/EG = 4.1417
Revenue TTM = 596.6m USD
EBIT TTM = 198.2m USD
EBITDA TTM = 352.4m USD
Long Term Debt = 1.87b USD (from longTermDebt, last quarter)
Short Term Debt = 355.3m USD (from shortTermDebt, last quarter)
Debt = 2.05b USD (from shortLongTermDebtTotal, last quarter) + Leases 91.2m
Net Debt = 1.78b USD (calculated: Debt 2.05b - CCE 263.2m)
Enterprise Value = 6.33b USD (4.54b + Debt 2.05b - CCE 263.2m)
Interest Coverage Ratio = 2.87 (Ebit TTM 198.2m / Interest Expense TTM 69.1m)
EV/FCF = 28.31x (Enterprise Value 6.33b / FCF TTM 223.5m)
FCF Yield = 3.53% (FCF TTM 223.5m / Enterprise Value 6.33b)
FCF Margin = 37.46% (FCF TTM 223.5m / Revenue TTM 596.6m)
Net Margin = 20.76% (Net Income TTM 123.8m / Revenue TTM 596.6m)
Gross Margin = 42.62% ((Revenue TTM 596.6m - Cost of Revenue TTM 342.4m) / Revenue TTM)
Gross Margin QoQ = 15.28% (prev 18.44%)
Tobins Q-Ratio = 2.23 (Enterprise Value 6.33b / Total Assets 2.83b)
Interest Expense / Debt = 3.37% (Interest Expense 69.1m / Debt 2.05b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 156.6m (EBIT 198.2m * (1 - 21.00%))
Current Ratio = 0.74 (Total Current Assets 263.2m / Total Current Liabilities 355.3m)
Debt / Equity = 3.05 (Debt 2.05b / totalStockholderEquity, last quarter 670.5m)
Debt / EBITDA = 5.07 (Net Debt 1.78b / EBITDA 352.4m)
Debt / FCF = 7.99 (Net Debt 1.78b / FCF TTM 223.5m)
Total Stockholder Equity = 678.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.66% (Net Income 123.8m / Total Assets 2.83b)
RoE = 18.24% (Net Income TTM 123.8m / Total Stockholder Equity 678.9m)
RoCE = 7.79% (EBIT 198.2m / Capital Employed (Equity 678.9m + L.T.Debt 1.87b))
RoIC = 5.58% (NOPAT 156.6m / Invested Capital 2.80b)
WACC = 5.87% (E(4.54b)/V(6.59b) * Re(7.31%) + D(2.05b)/V(6.59b) * Rd(3.37%) * (1-Tc(0.21)))
Discount Rate = 7.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.09 | Cagr: 3.26%
[DCF] Terminal Value 74.41% ; FCFF base≈230.4m ; Y1≈217.4m ; Y5≈203.4m
[DCF] Fair Price = 12.38 (EV 3.21b - Net Debt 1.78b = Equity 1.42b / Shares 114.9m; r=8.35% [WACC [floored]]; 5y FCF grow -7.19% → 2.50% )
EPS Correlation: 76.40 | EPS CAGR: 6.37% | SUE: 0.53 | # QB: 0
Revenue Correlation: 99.78 | Revenue CAGR: 11.06% | SUE: 0.59 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.26 | Chg30d=-4.68% | Revisions=-40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=-0.74% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-1.97% | Revisions=+40% | GrowthEPS=+6.6% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=1.21 | Chg30d=-1.96% | Revisions=+40% | GrowthEPS=+10.1% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +10% (up=4, down=3)