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
QuarterlyIQ Insights · SKT
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 21.2% |
| Our one-year growth estimate | diamond | 1.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to long-term interest rates and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 20.1 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 19 industry peers · Company calendar date is not available
SKT — earnings in line
Dated 2026-04-30
Results of Operations and Financial Condition On April 30, 2026, Tanger Inc. (the "Company") issued a press release announcing its results of operations and financial condition as of and for the quarter ended March 31, 2026. A copy of the Company's press release is hereby furnished as Exhibit 99.1, pages i - xvii, to this report on Form 8-K. The information contained in this report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" with the Securities and Exchange Commission nor…
Why it matters: Tanger raised its 2026 guidance after Q2 results. Keeping that outlook would support the current earnings path; a cut would weaken it.
Watch forOn November 4, Tanger keeps or raises its 2026 Core FFO per-share guidance.
Also watch forOn November 4, Tanger cuts its 2026 Core FFO per-share guidance.
Why it matters: Same-center NOI rose 3.5% in Q2. A sharp slowdown would weaken the case that leasing gains are lifting income.
Worry ifQ3 same-center NOI growth is below 2% year over year.
Less concerning ifQ3 same-center NOI growth stays at or above 3% year over year.
Why it matters: Tanger paid about $60 million for Levis Commons and guided to an 8.5% first-year return. Results near that mark would support this external growth move.
Watch forReported first-year return for Levis Commons is at or above 8.5%.
Also watch forReported first-year return for Levis Commons is below 8%.
Why it matters: Tanger had $1 billion in available cash and credit, and a $350 million bond due in September. Repaying it on time would clear this near-term debt.
Supportive ifThe company says it repaid the $350 million bonds due September 2026. It did so without new liquidity strain.
Worry ifThe company says the bonds remain unpaid after their September due date. Or, it needs more financing to repay them.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$74 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $180 loss on $10,000 · 1.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,855 loss on $10,000 · 18.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Recent lease spreads were 10.5%, led by higher rents on re-tenanted space. Lower spreads may point to weaker tenant demand or less room to raise rents.
Worry ifNew and renewed comparable leases show blended cash rent spreads below 8%.
Less concerning ifBlended cash rent spreads remain at or above 10%.