SKT Stock Analysis: Tanger Factory Outlet | NYSE
REIT - Retail | NYSE, USA | Market Cap: 4.496m USD | 12M Return: 18.2% | US8754651060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 32.3M
EPS Trend: 70.6%
Qual. Beats: 1
Rev. Trend: 65.7%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 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. (SKT) is a North Carolina-based company that owns and operates outlet and open-air retail shopping centers across 22 U.S. states and Canada. Founded in 1981 and publicly traded since 1993, the companys portfolio consists of 38 outlet centers and 4 open-air lifestyle centers totaling nearly 17 million square feet. Its properties house more than 3,000 stores operated by over 800 different brand-name companies.
As a Retail REIT, Tanger generates revenue primarily by leasing space to retail tenants in its outlet and lifestyle centers. REITs in the U.S. are generally required to distribute the majority of their taxable income as dividends to shareholders, a structural feature that typically makes income yield a focal point for investors in this sub-industry.
Tanger is currently furnishing a Form 8-K with the SEC that includes supplemental information for the quarter ended June 30, 2026.
- Tenant occupancy and rent growth remain steady across outlet portfolio
- Consumer discretionary spending weakness pressures outlet retailer sales and occupancy costs
- Interest rate cuts reduce REIT borrowing costs and support dividend coverage
- Tourist destination foot traffic recovery boosts outlet center leasing demand
| Net Income: 128.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -3.68 > 1.0 |
| NWC/Revenue: 14.57% < 20% (prev -31.45%; Δ 46.02% < -1%) |
| CFO/TA 0.11 > 3% & CFO 301.1m > Net Income 128.3m |
| Net Debt (1.75b) to EBITDA (360.2m): 4.87 < 3 |
| Current Ratio: 1.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.7m) vs 12m ago 1.41% < -2% |
| Gross Margin: 69.54% > 18% (prev 68.71%; Δ 0.83% > 0.5%) |
| Asset Turnover: 23.05% > 50% (prev 21.88%; Δ 1.17% > 0%) |
| Interest Coverage Ratio: 2.78 > 6 (EBIT TTM 200.6m / Interest Expense TTM 72.1m) |
| A: 0.03 (Total Current Assets 196.9m - Total Current Liabilities 107.7m) / Total Assets 2.86b |
| B: -0.19 (Retained Earnings -538.7m / Total Assets 2.86b) |
| C: 0.08 (EBIT TTM 200.6m / Avg Total Assets 2.66b) |
| D: 0.31 (Book Value of Equity 674.0m / Total Liabilities 2.16b) |
| Altman-Z'' = 0.43 = B |
As of November 05, 2026, the stock is trading at USD 38.46 with a total of 1,168,864 shares traded. Over the past week, the price has changed by +7.27%, over one month by +12.14%, over three months by -4.75% and over the past year by +18.17%.
Current recommended Stop Loss: 37.60 (which is 2.2% or 1.3 ATR below the current price).
Tanger Factory Outlet has received a consensus analysts rating of 3.27. Therefore, it is recommended to hold SKT.
- StrongBuy: 2
- Buy: 0
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 40.2 | 4.5% |
P/E Trailing = 34.5046
P/E Forward = 33.1126
P/S = 7.1619
P/B = 6.4311
P/EG = 4.1417
Revenue TTM = 612.3m USD
EBIT TTM = 200.6m USD
EBITDA TTM = 360.2m USD
Long Term Debt = 1.86b USD (from longTermDebt, last quarter)
Short Term Debt = 1.38b USD (from shortTermDebt, last quarter)
Debt = 1.95b USD (from shortLongTermDebtTotal, last quarter) + Leases 90.8m
Net Debt = 1.75b USD (calculated: Debt 1.95b - CCE 196.9m)
Enterprise Value = 6.25b USD (4.50b + Debt 1.95b - CCE 196.9m)
Interest Coverage Ratio = 2.78 (Ebit TTM 200.6m / Interest Expense TTM 72.1m)
EV/FCF = 28.96x (Enterprise Value 6.25b / FCF TTM 215.9m)
FCF Yield = 3.45% (FCF TTM 215.9m / Enterprise Value 6.25b)
FCF Margin = 35.25% (FCF TTM 215.9m / Revenue TTM 612.3m)
Net Margin = 20.96% (Net Income TTM 128.3m / Revenue TTM 612.3m)
Gross Margin = 69.54% ((Revenue TTM 612.3m - Cost of Revenue TTM 186.5m) / Revenue TTM)
Gross Margin QoQ = 70.92% (prev 68.93%)
Tobins Q-Ratio = 2.19 (Enterprise Value 6.25b / Total Assets 2.86b)
Interest Expense / Debt = 3.69% (Interest Expense 72.1m / Debt 1.95b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 158.5m (EBIT 200.6m * (1 - 21.00%))
Current Ratio = 1.83 (Total Current Assets 196.9m / Total Current Liabilities 107.7m)
Debt / Equity = 2.90 (Debt 1.95b / totalStockholderEquity, last quarter 674.0m)
Debt / EBITDA = 4.87 (Net Debt 1.75b / EBITDA 360.2m)
Debt / FCF = 8.13 (Net Debt 1.75b / FCF TTM 215.9m)
Total Stockholder Equity = 688.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.83% (Net Income 128.3m / Total Assets 2.86b)
RoE = 18.64% (Net Income TTM 128.3m / Total Stockholder Equity 688.6m)
RoCE = 7.87% (EBIT 200.6m / Capital Employed (Equity 688.6m + L.T.Debt 1.86b))
RoIC = 3.87% (NOPAT 158.5m / Invested Capital 4.10b)
WACC = 5.23% (E(4.50b)/V(6.45b) * Re(6.23%) + D(1.95b)/V(6.45b) * Rd(3.69%) * (1-Tc(0.21)))
Discount Rate = 6.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.93 | Cagr: 2.27%
[DCF] Terminal Value 73.10% ; FCFF base≈239.6m ; Y1≈210.2m ; Y5≈169.8m
[DCF] Fair Price = 8.45 (EV 2.73b - Net Debt 1.75b = Equity 970.5m / Shares 114.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.58 | EPS CAGR: 11.89% | SUE: 1.02 | # QB: 1
Revenue Correlation: 65.70 | Revenue CAGR: 5.91% | SUE: 1.08 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-2.99% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=+0.05% | Revisions=-25% | GrowthEPS=+6.6% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=1.18 | Chg30d=-1.66% | Revisions=-40% | GrowthEPS=+7.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -57% (up=0, down=4)