Two REITs, Tanger Factory Outlet Centers and Realty Income, reported strong Q2 earnings with impressive occupancy rates, leasing activity, and tenant performance, trading at attractive valuations despite high interest rates.
Tanger Inc. (SKT)
Common Stock · Currency in USD · XNYS
Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.
Company Info
SIC6798
Composite FIGIBBG000D2JB50
CIK0000899715
IPOJun 4, 1993
Sectorreal estate investment trusts
Highlights
Market Cap$3.96B
EPS$1.12
P/E Ratio29.68
Revenue$571.80M
Gross Profit$580.83M
Net Income$133.39M
Employees477
WSO114,534,004
Phone(336) 292-3010
Websitehttps://www.tanger.com
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Tanger Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Tanger Inc. (SKT) has returned 3.19% so far this year and 16.91% over the past 12 months. Looking at the last ten years, SKT has achieved an annualized return of -0.52%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
SKT
1M-6.69%
6M1.68%
YTD3.19%
1Y16.91%
5Y15.77%
10Y-0.52%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Tanger Inc. (SKT) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.33% | 13.02% | -8.11% | 1.77% | ||||||||
| 2025 | -3.81% | 8.54% | -4.49% | -7.00% | -4.15% | 3.63% | -1.12% | 14.20% | 0.45% | -3.04% | 4.22% | 0.33% |
| 2024 | -2.18% | 7.10% | 2.68% | -4.13% | 0.40% | -2.83% | 6.80% | 4.57% | 9.98% | 0.39% | 11.22% | -7.86% |
| 2023 | 5.00% | -0.94% | 4.53% | -0.20% | 4.14% | 7.08% | 6.55% | -0.21% | -3.50% | 0.09% | 10.25% | 10.66% |
| 2022 | -11.91% | -2.23% | 3.49% | -6.92% | 7.75% | -18.18% | 15.31% | -4.34% | -10.30% | 29.29% | 7.10% | -8.05% |
| 2021 | 53.69% | 0.64% | -5.38% | 13.61% | -0.17% | 6.92% | -9.82% | -2.96% | -2.69% | 1.76% | 17.57% | -5.44% |
| 2020 | -2.07% | -19.33% | -58.44% | 63.83% | -13.14% | 16.31% | -9.94% | -10.82% | 7.10% | 2.65% | 50.72% | 2.15% |
| 2019 | 13.92% | -5.31% | -2.92% | -12.67% | -6.19% | -4.42% | -3.58% | -10.22% | 9.48% | 4.47% | -6.05% | -7.18% |
| 2018 | -5.30% | -10.97% | -1.12% | -0.36% | -2.10% | 9.26% | 1.66% | 2.08% | -4.67% | -2.71% | 5.30% | -14.50% |
| 2017 | -4.82% | -0.59% | -3.13% | -4.76% | -16.63% | -0.38% | 1.26% | -12.33% | 4.27% | -6.99% | 9.73% | 6.04% |
| 2016 | -3.28% | -0.17% | 14.70% | 3.29% | -2.78% | -3.92% | -10.24% | -0.52% | 4.47% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Tanger Inc. (SKT) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of SKT compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Tanger Inc. volatility is 1.19%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
News and Insights
Brick-and-mortar retail is making a comeback, and Tanger Factory Outlet Centers is a promising dividend stock to consider according to the article.
The article discusses two retail stocks, Tanger and Target, as attractive dividend investments. Tanger has boosted occupancy rates and is making smart acquisitions, while Target is seeing improved sales in discretionary categories and finding success with same-day delivery.
Tanger Factory Outlet Centers (SKT) has seen a 500% gain since the COVID-19 stock market crash, but the author believes it could still be a buy due to the company's strong performance and future potential.
Kimco Realty's stock has risen 25.9% in the past three months, outperforming its industry's 17.2% rally. The company's focus on grocery-anchored shopping centers, mixed-use assets, and healthy balance sheet position it well for long-term growth.
These dividend stocks look like great buys.
Read about the upcoming Wall Street events, earnings reports, conferences, and IPOs for the week ahead.
The ICSC conference in Las Vegas provided valuable information and enthusiasm about the retail industry. Check out my thoughts on the mall REIT sector.
During the last three months, 7 analysts shared their evaluations of Tanger (NYSE:SKT), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 2 0 0 Analysts have set 12-month price targets for Tanger, revealing an average target of $29.86, a high estimate of $33.00, and a low estimate of $28.00. This current average reflects an increase of 13.41% from the previous average price target of $26.33. Breaking Down Analyst Ratings: A Detailed Examination The perception of Tanger by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Greg McGinniss Scotiabank Raises Sector Perform $28.00 $20.00 Floris Van Dijkum Compass Point Announces Buy $32.00 - Samir Khanal Evercore ISI Group Lowers In-Line $28.00 $29.00 Jeffrey Spector B of A Securities Raises Neutral $31.00 $24.00 Michael Bilerman Citigroup Raises Buy $33.00 $30.00 Samir Khanal Evercore ISI Group Raises In-Line $29.00 $28.00 Samir Khanal Evercore ISI Group Raises In-Line $28.00 $27.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' ...Full story available on Benzinga.com
Tanger (SKT) delivered FFO and revenue surprises of 1.96% and 2.51%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?