Tanger Inc. ( SKT ) Q3 2025 Earnings Call November 5, 2025 8:30 AM EST Company Participants Ashley Curtis - Assistant Vice President of Investor Relations Stephen Yalof - President, CEO & Director Michael Bilerman - Executive VP, CFO & Chief Investment Officer Justin Stein - Executive Vice President of Leasing Leslie Swanson Conference Call Participants Craig Mailman - Citigroup Inc., Research Division Jeffrey Spector - BofA Securities, Research Division Viktor Fediv - Scotiabank Global Banking and Markets, Research Division Michael Griffin - Evercore ISI Institutional Equities, Research Division Juan Sanabria - BMO Capital Markets Equity Research Richard Hightower - Barclays Bank PLC, Research Division Floris Gerbrand Van Dijkum - Ladenburg Thalmann & Co. Inc., Research Division Hong Zhang - JPMorgan Chase & Co, Research Division Harrison Alexander Slater Todd Thomas - KeyBanc Capital Markets Inc., Research Division Presentation Ashley Curtis Assistant Vice President of Investor Relations Good morning. I'm Ashley Curtis, Assistant Vice President of Investor Relations, and I would like to welcome you to Tanger Inc.'s Third Quarter 2025 Conference Call.
Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.6 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.54 per share a year ago.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
| Retail REITs Industry | Real Estate Sector | Stephen J. Yalof CEO | XFRA Exchange | US8754651060 ISIN |
| US Country | 372 Employees | 31 Oct 2025 Last Dividend | 25 Jan 2011 Last Split | 27 May 1993 IPO Date |
Tanger Inc., listed on the New York Stock Exchange under the ticker symbol SKT, epitomizes the essence of innovation and leadership in the retail and outlet shopping segment. With over four decades of unparalleled experience, Tanger Inc. stands out as a premier owner and operator of outlet and open-air retail shopping destinations. Its extensive portfolio includes 38 outlet centers, an adjacent managed center, and an open-air lifestyle center, together encompassing over 15 million square feet of retail space. These strategically positioned centers are dispersed across 20 U.S. states and Canada, tapping into the vibrant markets and tourist destinations. As a Real Estate Investment Trust (REIT) that went public in 1993, Tanger has continually evolved the retail landscape. It boasts a dynamic mix of over 3,000 stores operated by more than 700 different renowned brand name companies, thereby enriching the shopping experience for its customers. Moreover, Tanger’s commitment to transparency and investor relations is exemplified by its recent Form 8-K filing with the Securities and Exchange Commission (SEC), which includes a detailed supplemental information package for the quarter and year ended December 31, 2023.
A cornerstone of Tanger's offerings, the outlet centers represent an expansive retail ecosystem where consumers can find an array of products from high-end to everyday brands. Each center is a hub for shopping enthusiasts looking for quality products at discounted prices, hosting an extensive range of brand name stores.
Responding to the shifting preferences of shoppers, Tanger also operates open-air lifestyle centers. These centers merge retail with leisure, offering a mix of shopping, dining, and entertainment options in an outdoor setting, catering to the modern consumer’s desire for experiences beyond traditional shopping.
Enhancing its portfolio, Tanger offers management services for adjacent retail properties. These centers benefit from Tanger’s seasoned expertise in retail management, positioning them to offer a complementary shopping experience and capitalize on the foot traffic generated by Tanger’s primary centers.
As a publicly traded REIT, Tanger Inc. provides investors with an opportunity to partake in the retail real estate market. Through its strategic acquisition, development, and management of outlet shopping centers, Tanger delivers value to both its tenants and shareholders, showcasing a commitment to growth and sustainability in the retail sector.