SKT Stock Analysis: Tanger Factory Outlet | NYSE
REIT - Retail | NYSE, USA | Market Cap: 4.847m USD | 12M Return: 25.1% | US8754651060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 37.3M
EPS Trend: 70.6%
Qual. Beats: 1
Rev. Trend: 99.9%
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: 127.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -2.00 > 1.0 |
| NWC/Revenue: -193.0% < 20% (prev -30.70%; Δ -162.3% < -1%) |
| CFO/TA 0.10 > 3% & CFO 291.7m > Net Income 127.0m |
| Net Debt (3.13b) to EBITDA (284.3m): 11.02 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (114.6m) vs 12m ago 0.39% < -2% |
| Gross Margin: 56.43% > 18% (prev 69.46%; Δ -13.02% > 0.5%) |
| Asset Turnover: 23.05% > 50% (prev 22.42%; Δ 0.63% > 0%) |
| Interest Coverage Ratio: 1.13 > 6 (EBIT TTM 124.8m / Interest Expense TTM 110.5m) |
| A: -0.41 (Total Current Assets 196.9m - Total Current Liabilities 1.38b) / Total Assets 2.86b |
| B: -0.19 (Retained Earnings -538.7m / Total Assets 2.86b) |
| C: 0.05 (EBIT TTM 124.8m / Avg Total Assets 2.66b) |
| D: 0.32 (Book Value of Equity 701.4m / Total Liabilities 2.16b) |
| Altman-Z'' = -2.67 = D |
As of August 07, 2026, the stock is trading at USD 39.32 with a total of 840,805 shares traded. Over the past week, the price has changed by -3.36%, over one month by +0.67%, over three months by +7.52% and over the past year by +25.12%.
Current recommended Stop Loss: 38.20 (which is 2.8% 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 | 40.7 | 3.6% |
P/E Trailing = 38.6191
P/E Forward = 37.3134
P/S = 7.9635
P/B = 6.9665
P/EG = 4.1417
Revenue TTM = 612.3m USD
EBIT TTM = 124.8m USD
EBITDA TTM = 284.3m USD
Long Term Debt = 1.55b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.38b USD (from shortTermDebt, last quarter)
Debt = 3.33b USD (from shortLongTermDebtTotal, last quarter) + Leases 91.2m
Net Debt = 3.13b USD (calculated: Debt 3.33b - CCE 196.9m)
Enterprise Value = 7.98b USD (4.85b + Debt 3.33b - CCE 196.9m)
Interest Coverage Ratio = 1.13 (Ebit TTM 124.8m / Interest Expense TTM 110.5m)
EV/FCF = 35.71x (Enterprise Value 7.98b / FCF TTM 223.5m)
FCF Yield = 2.80% (FCF TTM 223.5m / Enterprise Value 7.98b)
FCF Margin = 36.50% (FCF TTM 223.5m / Revenue TTM 612.3m)
Net Margin = 20.74% (Net Income TTM 127.0m / Revenue TTM 612.3m)
Gross Margin = 56.43% ((Revenue TTM 612.3m - Cost of Revenue TTM 266.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev 15.28%)
Tobins Q-Ratio = 2.79 (Enterprise Value 7.98b / Total Assets 2.86b)
Interest Expense / Debt = 3.32% (Interest Expense 110.5m / Debt 3.33b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 98.6m (EBIT 124.8m * (1 - 21.00%))
Current Ratio = 0.14 (Total Current Assets 196.9m / Total Current Liabilities 1.38b)
Debt / Equity = 4.75 (Debt 3.33b / totalStockholderEquity, last quarter 701.4m)
Debt / EBITDA = 11.02 (Net Debt 3.13b / EBITDA 284.3m)
Debt / FCF = 14.02 (Net Debt 3.13b / FCF TTM 223.5m)
Total Stockholder Equity = 695.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.78% (Net Income 127.0m / Total Assets 2.86b)
RoE = 18.26% (Net Income TTM 127.0m / Total Stockholder Equity 695.5m)
RoCE = 5.55% (EBIT 124.8m / Capital Employed (Equity 695.5m + L.T.Debt 1.55b))
RoIC = 3.48% (NOPAT 98.6m / Invested Capital 2.83b)
WACC = 5.07% (E(4.85b)/V(8.18b) * Re(6.76%) + D(3.33b)/V(8.18b) * Rd(3.32%) * (1-Tc(0.21)))
Discount Rate = 6.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.46 | Cagr: 1.82%
[DCF] Terminal Value 74.41% ; FCFF base≈230.4m ; Y1≈217.4m ; Y5≈203.4m
[DCF] Fair Price = 0.64 (EV 3.21b - Net Debt 3.13b = Equity 73.1m / Shares 114.9m; r=8.35% [WACC [floored]]; 5y FCF grow -7.19% → 2.50% )
EPS Correlation: 70.58 | EPS CAGR: 11.89% | SUE: 1.02 | # QB: 1
Revenue Correlation: 99.86 | Revenue CAGR: 11.27% | SUE: 1.26 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-0.74% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-1.97% | Revisions=+0% | GrowthEPS=+6.6% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=1.21 | Chg30d=-1.96% | Revisions=-25% | GrowthEPS=+10.1% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: -25% (up=0, down=1)