In Q1 FY2026 (ended March 31, 2026), Tanger Inc. reported revenue of $150.4 million, up 11.1% year-over-year. Net income was $28.3 million, a 47.2% increase, and diluted EPS rose 41.2% to $0.24. The company held $207.4 million in cash, with total equity of $670.5 million and long-term debt of $1.87 billion.
•Revenue grew 11.1% YoY to $150.4 million.
•Net income increased 47.2% YoY to $28.3 million.
•Diluted EPS rose 41.2% to $0.24.
•Cash and equivalents stood at $207.4 million as of March 31, 2026.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Tanger is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 16 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada.
A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies. Tanger Inc. was incorporated in 1981 and is based in Greensboro, North Carolina.
Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations. With over 45 years of expertise, the company focuses on providing retail experiences through its portfolio of 38 outlet centers and three open-air lifestyle centers. These properties span more than 16 million square feet and are home to over 3,000 stores operated by more than 800 different brand name companies. Tanger's centers are strategically located in tourist destinations and vibrant markets across 22 U.S. states and Canada. The company has been a publicly traded real estate investment trust (REIT) since 1993, emphasizing its commitment to the retail and outlet shopping industries.
Where is Tanger Inc. (SKT) listed and in which currency?
Tanger Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SKT. The company's shares are traded in U.S. dollars (USD), reflecting its primary operations in the United States. As a publicly traded REIT, Tanger provides investors with exposure to the retail real estate sector through its outlet and open-air shopping center portfolio. The NYSE listing ensures liquidity and access to a broad investor base, with all financial reporting and dividends denominated in USD.
What sector and industry does Tanger Inc. (SKT) belong to?
Tanger Inc. operates in the Real Estate sector and is specifically classified under the REIT - Retail industry. As a real estate investment trust, Tanger focuses on owning and operating income-producing retail properties, primarily outlet centers and open-air lifestyle centers. The REIT structure requires the company to distribute at least 90% of its taxable income to shareholders as dividends, making it a popular choice for income-focused investors. Within the retail REIT subsector, Tanger differentiates itself by specializing in outlet shopping destinations, which attract value-conscious consumers and brand-name retailers.
Where is Tanger Inc. (SKT) headquartered and what markets does it serve?
Tanger Inc. is headquartered in Greensboro, North Carolina, United States. The company's portfolio of 38 outlet centers and three open-air lifestyle centers is well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. This geographic diversification allows Tanger to serve a wide range of shoppers, from local residents to international tourists. The properties span more than 16 million square feet and host over 3,000 stores operated by more than 800 brand name companies. By maintaining a presence in both the U.S. and Canada, Tanger taps into cross-border retail traffic and seasonal tourism flows.
What is Tanger Inc.'s (SKT) business model and how does it generate revenue?
Tanger Inc. operates as a real estate investment trust (REIT) that generates revenue primarily by leasing space in its outlet and open-air lifestyle centers to retail tenants. The company owns a portfolio of 38 outlet centers and three open-air lifestyle centers, totaling over 16 million square feet. These properties are leased to more than 800 brand name companies operating over 3,000 stores. Revenue comes from base rents, percentage rents based on tenant sales, and expense reimbursements. As a REIT, Tanger is required to distribute the majority of its taxable income to shareholders as dividends. The company's long-term expertise in the outlet shopping industry helps it maintain high occupancy rates and attract well-known retail brands.