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Tanger Inc. 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 in North Carolina.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $582M | $336M | $115M | $295M | 16.2% | 10.5% | 16.4% |
| 2024 | $526M | $302M | $99M | $261M | 15.1% | 13.3% | -0.6% |
| 2023 | $464M | $261M | $99M | $230M | 17.5% | 4.9% | 20.8% |
| 2022 | $443M | $245M | $82M | $214M | 16.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 581.56 |
| Operating Revenue | 560.67 |
| Cost Of Revenue | 176.50 |
| Gross Profit | 405.06 |
| Operating Expense | 229.70 |
| Selling General And Administration | 78.72 |
| Total Expenses | 406.20 |
| Operating Income | 175.36 |
| EBITDA | 336.34 |
| Normalized EBITDA | 340.59 |
| EBIT | 185.36 |
| Interest Expense | 65.86 |
| Net Interest Income | -65.86 |
| Other Non Operating Income Expenses | 0.67 |
| Other Income Expense | 10 |
| Interest Expense Non Operating | 65.86 |
| Net Non Operating Interest Income Expense | -65.86 |
| Pretax Income | 119.50 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.89 |
| Net Income Continuous Operations | 119.50 |
| Net Income From Continuing And Discontinued Operation | 114.78 |
| Net Income From Continuing Operation Net Minority Interest | 114.78 |
| Net Income | 114.78 |
| Net Income Common Stockholders | 113.90 |
| Net Income Including Noncontrolling Interests | 119.50 |
| Normalized Income | 118.13 |
| Diluted NI Availto Com Stockholders | 113.90 |
| Basic Average Shares | 113.17 |
| Diluted Average Shares | 114.73 |
| Reconciled Depreciation | 150.98 |
| Reconciled Cost Of Revenue | 176.50 |
| Total Unusual Items | -4.25 |
| Total Unusual Items Excluding Goodwill | -4.25 |
| Minority Interests | -4.72 |
| Special Income Charges | -4.25 |
| Other Special Charges | - |
| Write Off | - |
| Impairment Of Capital Assets | 4.25 |
| Depreciation Amortization Depletion Income Statement | 150.98 |
| Depreciation And Amortization In Income Statement | 150.98 |
| General And Administrative Expense | 78.72 |
| Other Gand A | 78.72 |
| Gain On Sale Of Ppe | - |
| Otherunder Preferred Stock Dividend | 0.87 |
| Earnings From Equity Interest | 13.58 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tanger Inc.this co. | SKT | $4.2B | 36.39↑ premium | 5.91 | 16.2% | 17.38 |
| Rithm Capital Corp. | RITM | $5.1B | 7.51 | 0.73 | 9.7% | - |
| Millrose Properties, Inc. | MRP | $4.8B | 12.59 | 0.82 | 6.5% | 13.94 |
| Broadstone Net Lease, Inc. | BNL | $4.0B | 41.92 | 1.39 | 3.3% | 18.16 |
| The St. Joe Company | JOE | $3.7B | 32.30 |
| - |
| - |
| - |
| - |
| 4.87 |
| 15.1% |
| 17.92 |
| Apple Hospitality REIT, Inc. | APLE | $3.7B | 21.09 | 1.17 | 5.6% | 11.86 |
| SL Green Realty Corp. | SLG | $3.6B | -41.10 | 1.05 | -2.6% | 20.11 |
| Acadia Realty Trust | AKR | $3.2B | 188.23 | 1.43 | 0.8% | 23.75 |
| Blackstone Mortgage Trust, Inc. | BXMT | $3.1B | 28.40 | 0.89 | 3.1% | - |
| Peer Median | - | 24.75 | 1.11 | 4.4% | 18.04 | |