Tanger Earnings Reports

Tanger delivered solid financial performance in Q4 2024, reporting increased revenue and net income. The company expanded its portfolio with two new acquisitions and maintained high occupancy rates. Leasing activity remained strong, and rental rates continued to improve.

Tanger reported a strong third quarter with positive leasing spreads for the 11th consecutive quarter. The company increased its full-year guidance and maintained a strong balance sheet with ample liquidity.

Tanger reported a strong second quarter, marked by positive leasing spreads and strategic plan execution, leading to increased full-year guidance. The company's balance sheet remains well-positioned with substantial liquidity and no significant maturities until late 2026.

Tanger reported strong first quarter results with net income available to common shareholders at $0.20 per share, and FFO available to common shareholders was $0.51 per share. Same center NOI increased by 5.2% year over year, and occupancy was 96.5%.

Tanger reported strong fourth-quarter results, driven by robust organic growth and the execution of its external growth strategy. The company expanded its portfolio by adding three new centers and achieved its eighth consecutive quarter of positive rent spreads. Tanger is well-positioned with a strong balance sheet to continue executing its long-term growth strategies.

Tanger reported a strong third quarter with significant occupancy growth and positive rent spreads. The company opened Tanger Outlets Nashville, which is 96.5% leased. Based on better-than-anticipated performance, management is increasing its full-year 2023 guidance.

Tanger Outlets reported a strong second quarter with net income available to common shareholders at $0.23 per share, and FFO at $0.47 per share. The company grew occupancy by 70 basis points sequentially and 230 basis points year over year. Due to this strong performance, Tanger is raising its full-year guidance.

Tanger Factory Outlet Centers reported a net income of $0.22 per share, or $23.3 million, for the first quarter of 2023, compared to $0.19 per share, or $20.3 million, for the prior year period. Occupancy was 96.5% on March 31, 2023, compared to 94.3% on March 31, 2022. Blended average rental rates increased 13.8% on a cash basis. The company increased its full-year 2023 guidance.

Tanger Factory Outlet Centers reported strong Q4 2022 results, driven by robust NOI growth and leasing momentum. Occupancy grew 170 basis points year over year, and rent spreads exceeded 10% for comparable leases. The company has entered 2023 with an attractive growth outlook, a well-positioned balance sheet, and cash flows to execute its strategy.

Tanger Factory Outlet Centers, Inc. reported a successful third quarter with positive blended rent spreads of 5.7% and occupancy growth of 210 basis points to 96.5%. The company raised its full-year 2022 earnings guidance and increased its dividend by 10% in October.

Tanger Factory Outlet Centers reported strong second-quarter results with increased net income, FFO, and occupancy. The company is focused on strategic priorities like accelerating leasing and reshaping operations, with a new center under development in Nashville and a strategic partnership at Tanger Outlets Palm Beach.

Tanger Factory Outlet Centers reported strong first quarter 2022 results, driven by robust NOI growth, positive leasing spreads and increased tenant sales. Traffic exceeded prior-year levels, and tenant sales remained strong. The company raised its earnings guidance and dividend.

Tanger Factory Outlet Centers, Inc. reported strong fourth-quarter results, with domestic traffic exceeding 2019 levels and tenant sales reaching an all-time high of $468 per square foot. Occupancy grew to 95.3%, and cash blended rent spreads improved significantly. The company is optimistic about driving NOI growth through occupancy gains, rent spreads, and non-store revenues.

Tanger Factory Outlet Centers reported a net loss of $11.0 million, or $0.11 per share, but Core FFO available to common shareholders was $51.8 million, or $0.47 per share. The company's occupancy rate increased to 94.3%, and tenant sales reached an all-time high of $448 per square foot. Tanger also increased its annualized dividend by 2.8% to $0.73 per share.

Tanger Factory Outlet Centers reported strong second-quarter results, with traffic to domestic open-air centers surpassing 2019 levels and tenant sales increasing. The company raised its full-year guidance due to better-than-expected operating performance.

Tanger Factory Outlet Centers, Inc. reported its financial results for the first quarter of 2021, showing a net income available to common shareholders of $0.04 per share, or $3.9 million. The company collected approximately 95% of first quarter rents and saw domestic traffic to its open-air centers reach 97% of 2019 levels during the quarter, exceeding 2019 levels in April.

Tanger Factory Outlet Centers, Inc. reported improved business conditions with consumer traffic nearing pre-COVID-19 levels. Rent collections for the fourth quarter reached 95% of billed rents by the end of January, and the company's liquidity position remained strong.

Tanger Factory Outlet Centers reported a net income of $12.9 million, or $0.14 per share, for the third quarter of 2020. Rent collections improved to 89% of billed rents, and the company's liquidity position remained strong at $640 million at the end of October. Traffic to open-air centers rebounded to 98% of prior-year levels.

Tanger Factory Outlet Centers reported a net loss of $0.25 per share, or $22.9 million, for the second quarter of 2020, heavily impacted by the COVID-19 pandemic. However, rent collections improved significantly in July, and the company's liquidity position remained strong.

Tanger Factory Outlet Centers reported a net loss of $27.4 million, or $0.30 per share, impacted by a non-cash impairment charge. Consolidated portfolio occupancy was 94.3% at the end of the quarter. The company drew down substantially all of its $600 million unsecured lines of credit. Tanger intends to temporarily suspend dividend distributions to conserve cash.

Tanger Factory Outlet Centers reported a net loss of $0.13 per share, or $12.1 million, for Q4 2019, compared to a net income of $0.21 per share, or $19.4 million, for the prior year period. However, the consolidated portfolio occupancy rate remained high at 97.0%.