Stock SKT TANGER INC.
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Financials Tanger Inc.

Equities

SKT

US8754651060

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
28.88 USD +0.73% Intraday chart for Tanger Inc. +8.29% +4.18%
Apr. 10 Tanger Raises Quarterly Dividend 5.8% to $0.275 a Share, Payable May 15 to Shareholders of Record as of April 30 MT
Apr. 10 Tanger Inc. Approves Quarterly Cash Dividend, Payable on May 15, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,368 930.8 2,005 1,872 2,985 3,153 - -
Enterprise Value (EV) 1 2,921 2,414 3,241 3,036 4,402 4,563 4,546 4,545
P/E ratio 15.8 x -24.9 x 241 x 23.3 x 30.1 x 36.9 x 33 x -
Yield 9.61% 7.15% 3.71% 4.47% 3.5% 3.65% 3.82% 4.23%
Capitalization / Revenue 2.86 x 2.39 x 4.7 x 4.23 x 6.43 x 6.3 x 6.09 x 5.8 x
EV / Revenue 6.11 x 6.19 x 7.6 x 6.86 x 9.48 x 9.12 x 8.78 x 8.36 x
EV / EBITDA 10.9 x 11.5 x 13.9 x 12.7 x 17.6 x 15.6 x 15.1 x 14.5 x
EV / FCF - 14.8 x 19.1 x 23.5 x - 72.2 x 61.1 x -
FCF Yield - 6.75% 5.23% 4.26% - 1.39% 1.64% -
Price to Book 3.16 x 2.85 x 4.31 x 4.03 x 5.44 x 5.71 x 5.63 x -
Nbr of stocks (in thousands) 92,893 93,453 103,985 104,347 107,683 109,193 - -
Reference price 2 14.73 9.960 19.28 17.94 27.72 28.88 28.88 28.88
Announcement Date 1/27/20 2/17/21 2/17/22 2/21/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 478.3 390 426.5 442.6 464.4 500.4 517.7 543.9
EBITDA 1 266.8 209.8 233.6 238.3 249.7 291.6 301.9 312.6
EBIT 1 143.5 20.75 110 115.2 133.8 149.5 148.2 135.5
Operating Margin 30% 5.32% 25.78% 26.04% 28.82% 29.88% 28.63% 24.92%
Earnings before Tax (EBT) 1 92.73 -36.28 9.558 85.83 103.9 89.13 101.8 -
Net income 1 86.52 -36.97 8.314 81.19 97.96 88.07 99.41 -
Net margin 18.09% -9.48% 1.95% 18.34% 21.09% 17.6% 19.2% -
EPS 2 0.9300 -0.4000 0.0800 0.7700 0.9200 0.7832 0.8739 -
Free Cash Flow 1 - 162.9 169.4 129.2 - 63.24 74.44 -
FCF margin - 41.76% 39.71% 29.19% - 12.64% 14.38% -
FCF Conversion (EBITDA) - 77.62% 72.5% 54.21% - 21.69% 24.66% -
FCF Conversion (Net income) - - 2,037.02% 159.13% - 71.81% 74.89% -
Dividend per Share 2 1.415 0.7125 0.7150 0.8025 0.9700 1.055 1.104 1.223
Announcement Date 1/27/20 2/17/21 2/17/22 2/21/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 112.5 112.1 108.9 105.8 111.4 116.5 108.9 110.6 117.3 127.5 122.5 122.8 125.5 129.5 127.4
EBITDA 1 63.27 59.64 59.34 58.64 60.09 60.33 59.53 60.38 63.54 66.27 74.54 75.22 75.75 76.23 74.43
EBIT 1 33.52 29.42 30.4 27.59 32.56 24.69 32.47 33.24 36.28 31.86 41.03 41.03 40.09 39.14 -
Operating Margin 29.8% 26.24% 27.92% 26.07% 29.21% 21.2% 29.8% 30.04% 30.91% 24.99% 33.48% 33.41% 31.93% 30.22% -
Earnings before Tax (EBT) 1 - 13.69 - 20.82 - 19.2 24.86 25.3 - - 23.44 24.33 25.61 24.19 27.58
Net income 1 -10.98 12.98 20.3 19.68 23.04 18.14 23.34 23.94 27.21 23.45 21.91 22.33 23.76 24.38 24.41
Net margin -9.76% 11.58% 18.65% 18.6% 20.68% 15.57% 21.43% 21.64% 23.19% 18.4% 17.88% 18.18% 18.93% 18.82% 19.15%
EPS 2 -0.1100 0.1200 0.1900 0.1900 0.2200 0.1700 0.2200 0.2300 0.2600 0.2200 0.1898 0.1919 0.1989 0.2086 0.2200
Dividend per Share 2 0.1775 0.1825 0.2000 0.2000 0.2200 0.2200 0.2200 0.2450 0.2600 0.2600 0.2600 0.2650 0.2682 0.2708 0.2700
Announcement Date 11/1/21 2/17/22 5/5/22 8/8/22 11/2/22 2/21/23 4/27/23 8/3/23 11/6/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,553 1,483 1,236 1,164 1,417 1,409 1,392 1,392
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.821 x 7.067 x 5.29 x 4.883 x 5.676 x 4.834 x 4.613 x 4.451 x
Free Cash Flow 1 - 163 169 129 - 63.2 74.4 -
ROE (net income / shareholders' equity) 27.2% -9.55% 2.03% 16.7% 18.5% 14% 17.3% 24.3%
ROA (Net income/ Total Assets) 5.32% -1.65% 0.38% 3.58% 4.31% 3.22% 3.65% -
Assets 1 1,628 2,237 2,174 2,269 2,271 2,736 2,721 -
Book Value Per Share 2 4.660 3.500 4.480 4.450 5.090 5.050 5.130 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/27/20 2/17/21 2/17/22 2/21/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Tanger Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
28.88 USD
Average target price
29.43 USD
Spread / Average Target
+1.90%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Retail REITs
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  4. Financials Tanger Inc.