Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Tanger Factory Outlet Centers, Inc. (SKT)
NYSEReal EstateReit - RetailSnapshot 2026-11-05
$38.39-0.18%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.12 → 1.13 EPS · FY ending Dec 31, 2027 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for SKT yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain stable or growing dividends | A primary condition in Tanger Factory Outlet Centers, Inc.'s published investment case. The stated target is Dividend per share >= $0.29 per quarter. | Intact | Dividend per share falls below $0.29 in next 4 quarters | Dividend per share: $0.31 per share FY2026-Q2; GAAP. Published target: Dividend per share >= $0.29 per quarter. Target period is not explicitly aligned with this observation. Aug 6, 20260.3125 USD/share · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
SKT is a real estate business with a measured growth and income profile, rather than a turnaround story. Its long-term thesis is intact, and the recent signal has shifted from mixed to mildly favorable as financial performance remains strong.
Valuation is above peers, with a 1.33 premium, while the expectations gap is modest at 0.06. The evidence characterizes pricing as justified and fragility as low, so the market does not appear to be relying on a broad set of unusually favorable assumptions.
Near term, recent results and execution are constructive: SKT reported earnings beats in February and August 2026, and operating income and cash from operations increased from Q1 to Q2. Management is on track with leasing, acquisitions, dividend growth, and operating cash flow, though the company’s industry has a high miss rate and a guidance cut would be a meaningful risk.
Over the next few quarters, the thesis hinges on continued leasing and operating progress, with the next guidance update a key test. Fed rate cuts could support the real estate sector, while weak results or guidance from sector peers could remove that support.
For the next 1 to 3 years, SKT’s long-term thesis is intact, backed by improving operations and consistent management execution, but the above-peer valuation leaves continued delivery important. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Increase operating income via cost control | Operating income improved from $17.6M to $26M. | Intact | Operating income falls below $17.6M in next 4 quarters | Operating income: $48.453M FY2026-Q2; GAAP. Published target: Operating income >= $26M next 4 quarters. Target period is not explicitly aligned with this observation. Aug 6, 202648,453,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 4 of 4 supplied quarters. Management reported: “ii Interest Rate Swaps The Company continued to execute its interest rate hedging strategy during the third quarter of 2026, entering into a new forward-starting swap.” “The Company ended the second quarter of 2026 with $1 billion of available liquidity providing the necessary capital to redeem $350 million of unsecured bonds that mature in September 2026 and fund internal and external growth initiatives.” Net income was $33.241 million in 2026-Q2. Delivery assessment Nov 5, 2026 |
Revenue growth through strategic initiatives | A primary condition in Tanger Factory Outlet Centers, Inc.'s published investment case. The stated target is >=3.7% YoY revenue growth. | Intact | YoY revenue growth falls below 3.7% in FY26 | Revenue growth: 11.15% FY2026-Q2; GAAP. Published target: >=3.7% YoY revenue growth. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202611.154705 percent · calculatedLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Valuation remains reasonable relative to peers | A supporting condition in Tanger Factory Outlet Centers, Inc.'s published investment case. The stated target is PE ratio <= 25. | Intact | PE ratio rises above 40 | Valuation inputs unavailable A completed valuation measurement is required. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.21 → $1.13 · observed estimates
$0.61B → $0.61B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-25 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-26 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-27 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-28 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-29 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-07-30 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-07-31 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-08-01 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-08-02 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-08-03 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-08-04 | $1.21 | $614,879,180 | 3 / 5 |
| 2026-08-05 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-08-06 | $1.17 | $619,873,415 | 3 / 4 |
| 2026-08-08 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-09 | $1.18 | $622,278,820 | 3 / 6 |
| 2026-08-10 | $1.18 | $622,278,820 | 3 / 6 |
| 2026-08-12 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-13 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-14 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-15 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-16 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-17 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-18 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-19 | $1.16 | $622,570,278 | 3 / 4 |
| 2026-08-20 | $1.15 | $622,379,312 | 3 / 4 |
| 2026-08-21 | $1.15 | $623,905,163 | 3 / 4 |
| 2026-08-22 | $1.15 | $623,905,163 | 3 / 4 |
| 2026-08-23 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-24 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-25 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-26 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-27 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-28 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-29 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-30 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-08-31 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-09-01 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-09-02 | $1.18 | $627,781,921 | 3 / 4 |
| 2026-09-03 | $1.18 | $627,812,554 | 3 / 4 |
| 2026-09-04 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-05 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-06 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-07 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-08 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-09 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-10 | $1.20 | $603,793,338 | 3 / 4 |
| 2026-09-11 | $1.14 | $604,819,171 | 3 / 4 |
| 2026-09-12 | $1.14 | $604,819,171 | 3 / 4 |
| 2026-09-13 | $1.14 | $604,819,171 | 3 / 4 |
| 2026-09-14 | $1.14 | $604,819,171 | 3 / 4 |
| 2026-09-15 | $1.14 | $602,366,195 | 3 / 4 |
| 2026-09-16 | $1.14 | $602,366,195 | 3 / 4 |
| 2026-09-17 | $1.14 | $602,366,195 | 3 / 4 |
| 2026-09-18 | $1.14 | $602,366,195 | 3 / 4 |
| 2026-09-19 | $1.14 | $602,366,195 | 3 / 4 |
| 2026-09-20 | $1.14 | $602,339,938 | 3 / 4 |
| 2026-09-21 | $1.14 | $602,339,938 | 3 / 4 |
| 2026-09-22 | $1.14 | $602,339,938 | 3 / 4 |
| 2026-09-23 | $1.14 | $602,339,938 | 3 / 4 |
| 2026-09-24 | $1.14 | $602,339,938 | 3 / 4 |
| 2026-09-25 | $1.12 | $595,477,629 | 3 / 4 |
| 2026-09-26 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-09-27 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-09-28 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-09-29 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-09-30 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-01 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-02 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-03 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-04 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-05 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-06 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-07 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-08 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-09 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-10 | $1.12 | $595,437,390 | 3 / 4 |
| 2026-10-11 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-12 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-13 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-14 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-15 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-16 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-17 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-18 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-19 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-20 | $1.12 | $600,662,048 | 3 / 4 |
| 2026-10-21 | $1.13 | $606,974,499 | 3 / 4 |
| 2026-10-22 | $1.13 | $606,974,499 | 3 / 4 |
| 2026-10-23 | $1.13 | $606,974,499 | 3 / 4 |
| 2026-10-24 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-25 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-26 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-27 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-28 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-29 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-30 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-10-31 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-11-01 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-11-02 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-11-03 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-11-04 | $1.13 | $606,997,474 | 3 / 4 |
| 2026-11-05 | $1.13 | $606,997,474 | 3 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 8 Hold · 1 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 1 recorded
0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.