Tanger Factory Outlet Centers Inc
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SKT Tanger Factory Outlet Centers Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap ValueCompany profile

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. Its outlet centers and other assets are held by, and all of its operations are conducted by, Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company owns the majority of the units of partnership interest issued by the Operating Partnership, through its subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner.

Closing Price
$14.64
Day's Change
0.01 (0.07%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.82
Day's Low
14.53
Volume
(Average)
Volume:
1,809,233

10-day average volume:
1,960,681
1,809,233

Company Profile

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. Its outlet centers and other assets are held by, and all of its operations are conducted by, Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company owns the majority of the units of partnership interest issued by the Operating Partnership, through its subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner.

Valuation Ratios

Price/Earnings (TTM)
19.03x
Price/Sales (TTM)
2.79x
Price/Book (MRQ)
2.79x
Price/Cash Flow (TTM)
6.62x
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

Price Performance

Historic Growth and Share Detail

Historic Growth

Annual growth, past 5 years
EPS
Revenue
Dividend

Short Interest

July 2019
Current Month
42.0M
Previous Month
38.5M
Percent of Float
45.72%
Days to Cover
14.7670 Days

Share Information

SKT is in a share class of common stock: real estate investment trust (reit)
Float
91.3M
Shares Outstanding
93.5M
Institutions Holding Shares
363
116.05%

Financial Statements

Balance sheet

Values displayed are in millions.

Income statement

Values displayed are in thousands.

Cash flow

Values displayed are in thousands.

Company Officers

  • David B. Henry
  • Thomas E. McDonoughPres.
  • Steven B. TangerCEO
  • James F. WilliamsCFO
  • Chad D. PerryExec.VP

Address

Insider Trading

During the most recent quarter, 31K shares were sold in insider trading.

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