Tanger Factory Outlet Centers, Inc. (SKT)
NYSEReal EstateReit - RetailSnapshot 2026-09-04
$37.33+0.48%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-09-04
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 | 2.8% |
| Our one-year growth estimate | diamond | 0.5% |
Growth built into the price is above our model estimate.
The price assumes 2.3 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
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.
Model as of 2026-09-04 · Compared with 21 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: The earnings report will show if revenue growth is improving. This is key for future plans.
Supportive ifRevenue growth exceeds 7% year over year in the Q2 earnings report.
Worry ifRevenue growth falls below 5% year over year in the Q2 earnings report.
Why it matters: A rebound in sector growth could support Tanger's revenue and overall performance.
Watch forSector revenue growth is speeding up again. It is moving back toward its highs.
Also watch forSector revenue growth is slowing down. It continues to decrease.
Why it matters: Slower growth in Same Center NOI may show trouble keeping rental income.
Worry ifSame Center NOI growth falls below 2.5% year over year.
Less concerning ifSame Center NOI growth exceeds 2.5% year over year.
Why it matters: Maintaining dividends shows financial health. Any cuts could signal trouble.
Worry ifManagement says there will be no changes to the dividend policy in the next call.
Less concerning ifManagement will announce a dividend cut or suspension in the next earnings call.
Why it matters: High leasing activity shows strong demand. This can lead to more revenue.
Supportive ifLeasing activity exceeds 3.5 million square feet in Q3.
Worry ifLeasing activity falls below 3.5 million square feet in Q3.
Why it matters: An increase would show confidence in cash flow and financial health. It may attract more investors looking for income.
Supportive ifManagement will announce a dividend increase. It will be more than $0.2925 per share.
Worry ifNo dividend increase is announced in the next quarter.
Why it matters: A drop in occupancy may mean problems with leasing and keeping tenants.
Worry ifOccupancy rate falls below 96.0% in Q3.
Less concerning ifOccupancy rate remains above 96.6% in Q3.
Why it matters: An increase would show confidence in cash flow and earnings growth, which is important for investor sentiment.
Supportive ifManagement will raise the dividend for Q3.
Worry ifNo announcement of a dividend increase in Q3.
Why it matters: A drop in lease renewals shows tenant unhappiness or market problems. This affects future income.
Worry ifLease renewals fall below 65% of the space set to expire.
Less concerning ifLease renewals stay at or above 65% of the space set to expire.
Why it matters: Higher operating income means better cost control. It shows the company is running well.
Supportive ifOperating income growth exceeds 20% year over year in Q2.
Worry ifOperating income growth is below 10% year over year in Q2.
Why it matters: New acquisitions or leases would help Tanger grow and stay strong in the market.
Supportive ifA new acquisition or a big leasing deal is announced.
Worry ifNo new acquisitions or major leasing news in the next quarter.
Why it matters: Strong leasing shows demand for Tanger's properties. This helps revenue grow.
Supportive ifOver 650 leases were renewed or re-tenanted in Q2.
Worry ifFewer than 600 leases were renewed or re-tenanted in Q2.
Why it matters: This metric reflects the health of retail activity at Tanger's centers. Slower growth could indicate challenges in attracting shoppers.
Worry ifAverage tenant sales per square foot growth is below 5% year over year.
Less concerning ifGrowth in average tenant sales per square foot exceeds 5%.
Why it matters: Lower dividend growth may show problems with cash flow or management's trust in future earnings.
Worry ifDividend growth for 2026 is below 5% compared to 2025.
Less concerning ifDividend growth for 2026 is 5% or higher compared to 2025.
Why it matters: Keeping the dividend shows good financial health. It also shows care for shareholders.
Supportive ifDividend per share remains stable at $0.2925 in Q2.
Worry ifDividend per share is cut or reduced in Q2.
Why it matters: A high payout ratio may show stress on cash flow and future dividends.
Worry ifDividend payout ratio exceeds 70% for the next quarter.
Less concerning ifDividend payout ratio remains at or below 70% for the next quarter.
Why it matters: A big drop in leasing may show less demand from retailers.
Worry ifTotal renewed or re-tenanted leases fall below 600 for the year.
Less concerning ifTotal renewed or re-tenanted leases are over 600 for the year.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
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.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$90 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $183 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 | $1,178 loss on $10,000 · 11.8% | 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.
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.