Tanger

Tanger

Owner and operator of outlet centers

Overview

Tanger owns and operates open-air shopping centers that are made up mostly of brand-name outlet stores. Its business model is to lease out spaces to manufacturers and retailers so they can sell excess inventory directly to shoppers at discount prices. Revenue comes from rental income and associated services from these outlet centers. The company differentiates itself by focusing on outlet-center real estate, being one of the first to list an outlet-only REIT (SKT) and expanding across the United States and Canada with a network of outlet centers. Tanger’s goal is to provide a scalable platform for brands to clear excess inventory while offering consumers access to discounted, high-quality merchandise through a national portfolio of outlet centers, adapting to changes in the retail landscape.

About Tanger

Simplify's Rating
Why Tanger is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Company Size

501-1,000

Company Stage

IPO

Headquarters

Greensboro, North Carolina

Founded

1981

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Simplify's Take

What believers are saying

  • Acquired Bridge Street Town Centre for $193.5 million in December 2023.
  • Sephora opens five new stores in 2024 across Charleston, Deer Park, National Harbor, Palm Beach, Phoenix.
  • Proficio, Vanderbilt, D.A. Davidson invest in Tanger Inc. (NYSE:SKT) in 2024.

What critics are saying

  • Simon Property Group's Fashion Valley draws aspirational shoppers from outlets.
  • Amazon and Shein capture overstock sales with deeper discounts and next-day delivery.
  • Economic slowdown slashes middle-income spending, causing tenant bankruptcies by 2026.

What makes Tanger unique

  • Tanger pioneered outlet malls in 1981 with Burlington Manufacturer's Outlet Center.
  • First outlet-only REIT listed on NYSE as SKT in 1993.
  • Owns 37 outlet centers and three lifestyle centers totaling 16 million square feet.

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Funding

Total Funding

$945M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Paid Holidays

Paid Vacation

Tuition Reimbursement

Wellness Program

Life Insurance

Disability Insurance

Voluntary Benefits

Employee Discounts

Flexible Work Hours

Stock Price

Company News

ETF Daily News
Mar 6th, 2025
Proficio Capital Partners LLC Makes New Investment in Tanger Inc. (NYSE:SKT)

Proficio Capital Partners LLC makes new investment in Tanger Inc. (NYSE:SKT).

MarketBeat
Oct 28th, 2024
Vanderbilt University Makes New $490,000 Investment in Tanger Inc. (NYSE:SKT)

Vanderbilt University makes new $490,000 investment in Tanger Inc. (NYSE:SKT).

PR Newswire
Aug 21st, 2024
Tanger Schedules Third Quarter 2024 Earnings Release And Conference Call

GREENSBORO, N.C., Aug. 21, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time.To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com.A telephone replay of the call will be available from November 7, 2024 at 11:30 a.m. Eastern Time through 11:59 p.m

PR Newswire
Jun 6th, 2024
Tanger Inc. Receives 2024 Nareit Investor Care Gold Award For Excellence In Communications And Reporting

GREENSBORO, N.C., June 6, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has been recognized by Nareit, the National Association of Real Estate Investment Trusts, with the 2024 Nareit Investor CARE (Communications and Reporting Excellence) Gold Award in the Small Cap Equity REIT category.Nareit announced the 2024 Investor CARE Award recipients during its REITweek 2024 Investor Conference this week. This annual awards program recognizes Nareit's listed corporate members that interact most effectively with their investors online, in writing and orally, and that provide investors with the most comprehensive, clearly articulated and useful information in the most efficient manner. An independent panel of judges selected Tanger as the 2024 Gold recipient, the highest level awarded in the program, based on the company's online presence, Securities and Exchange (SEC) filings, and investor relations practices."We have prioritized the elevation of our investor engagement program and are honored to have Nareit recognize our efforts," said Stephen Yalof, President and Chief Executive Officer of Tanger. "Tanger's mission is to deliver the best value, experience and opportunity for all of our stakeholders, and we are proud to have delivered industry leading returns to shareholders last year in conjunction with best-in-class transparency and accessibility."About Tanger®Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S

The Business Journals
Jun 5th, 2024
Tanger CEO Stephen Yalof talks growth strategy, new acquisitions at Q&A session

In early December, Tanger acquired the 825,000-square-foot Bridge Street Town Centre in Huntsville, Alabama for $193.5 million using cash on hand and available liquidity, which it described as its first "open-air lifestyle center."

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