Tanger Inc. (NYSE: SKT) stands as a prominent owner and operator of outlet and open-air retail shopping destinations, leveraging over 43 years ...
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Est. EPS $0.28 · Revenue $148.10M · 3 analysts
Est. EPS $0.30 · Revenue $156.65M · 2 analysts
Est. EPS $1.10 · Revenue $601.72M · 3 analysts
Est. EPS $0.26 · Revenue $149.46M · 1 analysts
$1.21 per share
$1.21 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $581.6M | +10.5% | +4.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $114.8M | +16.4% | +22.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +69.7% | -0.3% | +2.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +30.2% | +5.3% | +7.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +19.7% | +5.3% | +17.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $295.4M | +88.9% | +351.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +50.8% | +70.8% | +334.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 239.0% | +3.4% | -5.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.30x | -30.7% | +146.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | +11.5% | +0.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.99 vs 0.94 | +5.3% | 0.29 vs 0.28 | +3.7% |
| Revenue Surprise | $581.6M vs $550.0M | +5.7% | $156.4M vs $148.1M | +5.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | CITRIN JEFFREY B | director | Common Stock | A | 617 | $38.49 |
| May 15, 2026 | RYAN BERMAN BRIDGET | director | Common Stock | D | 14,698 | $35.24 |
| May 15, 2026 | CITRIN JEFFREY B | director | Common Stock | A | 589 | $35.78 |
| Mar 20, 2026 | TANGER STEVEN B | director | Common Stock | A | 49,669 | — |
| Mar 20, 2026 | TANGER STEVEN B | director | Notional Units | D | 49,669 | — |
Ashley Curtis: Good morning. I am Ashley Curtis, Assistant Vice President of Investor Relations, and I would like to welcome you to Tanger Inc.'s Second Quarter 2026 Conference Call. Yesterday evening, we issued our earnings release as well as our supplemental information package and investor presentation. This information is available on our IR website investors.tanger.inc. Please note, this call may contain forward-looking statements that are subject to numerous risks and uncertainties and actual results could differ materially from those projected. We direct you to our filings with the Securities and Exchange Commission for a detailed discussion of these risks and uncertainties. During the call, we will also discuss non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP measures to the most directly comparable GAAP financial measures are included in our earnings release and in our supplemental information. This call is being recorded for rebroadcast for a period of time in the future. As such, it is important to note that management's comments include time-sensitive information that may only be accurate as of today's date, August 5, 2026. [Operator Instructions] On the call today will be Stephen Yalof, President and Chief Executive Officer; and Michael Bilerman, Chief Financial Officer and Chief Investment Officer. In addition, other members of our leadership team will be available for Q&A. I will now turn the call over to Stephen Yalof. Please go ahead. Stephen Yalof: Thank you, Ashley, and good morning, everyone. I'm pleased to report another strong quarter for Tanger reflecting the continued strength and durability of our proven leasing, operating and marketing platforms and our accretive external growth initiatives. This momentum shows up directly in our results and gives us confidence to raise our full year 2026 guidance. Quarter-end occupancy of 96.6% is in line with a year ago and, as expected, a slight moderation from the first quarter reflecting our proactive recapture of the Saks Off 5th space we discussed last quarter. We're taking a strategic approach to these closures. Backfill deals are already in our pipeline and we're leveraging our temp tenant program to bridge select spaces while we work to execute new long-term deals. These boxes sit in some of our top performing assets and we see them as real opportunity to add more productive uses and in-demand retailers with meaningful upside in rents and return on our invested capital. Our leasing results demonstrate the successful execution of our merchandising strategy and the continued demand to be in our centers. Over the last 12 months, we've executed over 650 transactions totaling 3.3 million square feet. Blended rent spreads were 10.5% marking our 18th consecutive quarter of positive rent spreads. We have renewals executed or in process for 70% of our 2026 expirations and continue to make progress re-tenanting less productive space. We …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Stephen J. Yalof | President, Chief Executive Officer & Director | USD 2,963,479 | Male | 1963 | Active |
Michael Jason Bilerman | Executive Vice President, Chief Financial Officer & Chief Investment Officer | USD 1,361,045 | Male | 1975 | Active |
Leslie A. Swanson Gallardo | Executive Vice President & Chief Operating Officer | USD 1,130,795 | Female | 1971 | Active |
Jessica K. Norman | Executive VP, Chief Administrative Officer, General Counsel & Secretary | USD 946,741 | Female | 1982 | Active |
Justin C. Stein | Executive VP & Chief Revenue Officer | USD 946,236 | Male | 1980 | Active |
Thomas J. Guerrieri Jr. | Senior Vice President & Chief Accounting Officer | USD 471,928 | Male | 1973 | Active |
Dan Seabaugh | Senior Vice President of Leasing & Financial Strategy | — | — | — | Active |
Deanna Dancy | Senior Vice President of Asset Management | — | — | — | Active |
Regina Campbell | Senior Vice President of Marketing | — | — | — | Active |
Christi Downes | Senior Vice President of People, Culture & Diversity | — | — | — | Active |
Steve Dworkin | Senior Vice President of Real Estate | — | Male | — | Active |
Joshua D. Cox | Senior Vice President of Tax | — | — | — | Active |
FOLEY, Ala.--(BUSINESS WIRE)-- #foodandbeverage--Tanger has secured Shake Shack as part of a reimagined restaurant and entertainment experience at Tanger Outlets Foley in southern Alabama.
Tanger NYSE: SKT raised its full-year 2026 outlook after reporting second-quarter growth in funds from operations, same-center net operating income and tenant sales, supported by leasing activity, tourism, marketing initiatives and acquisitions.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
Tanger CEO Stephen Yalof says consumer spending has been strong amid the back-to-school shopping season. Speaking on "Bloomberg Open Interest," Yalof says the World Cup helped drive retail traffic and discusses the outlook for the holiday shopping season.
Tanger Inc. (SKT) Q2 2026 Earnings Call Transcript
