Tanger Factory Outlet Centers

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Tanger Factory Outlet Centers, Inc.(NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina. Tanger’s portfolio of outlet centers has continued to expand and today includes 46 outlet centers in 24 states coast to coast and in Canada. Savvy outlet shoppers look to Tanger Outlet Centers for the biggest selection of first-quality, in-season merchandise, for the latest fashion trends from their favorite brand name and designer outlet stores and so much more. Because consumer love shopping and saving direct from the manufacturer, Tanger centers are major tourist attractions that welcome more than 180 million brand name bargain hunters annually. America knows the value of shopping TangerStyle.

Revenue(FY, 2016)

$465.8 M

Market capitalization(2018-04-20)

$75.3 M

Type

Public

Greensboro, US

Founded

1981

Size (employees)

297 (est)

Website

tangeroutlet.com

Tanger Factory Outlet Centers was founded in 1981 and is headquartered in Greensboro, US

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Tanger Factory Outlet Centers Office Locations

Tanger Factory Outlet Centers has offices in Fort Worth, Dayton, Williamsburg, Charleston and in 7 other locations

Greensboro, US (HQ)

360 3200 Northline Ave

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Tanger Factory Outlet Centers Financials and Metrics

Tanger Factory Outlet Centers Financials

Tanger Factory Outlet Centers's revenue was reported to be $465.83 m in FY, 2016 which is a 6% increase from the previous period.

Summary

USD
Revenue (Q3, 2017)	120.8 m
Net income (Q3, 2017)	(16 m)
EBIT (Q3, 2017)	41.4 m
Market capitalization (20-Apr-2018)	75.3 m
Cash (30-Sep-2017)	8.8 m
EV	1.8 b

Tanger Factory Outlet Centers's current market capitalization is $75.3 m.

Income Statement

Annual

USD	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	357 m	385 m	418.6 m	439.4 m	465.8 m
Revenue growth, %		8%	9%	5%	6%
EBIT		127.9 m	131.9 m	144.5 m	151.3 m
EBIT margin, %		33%	32%	33%	32%

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	97.9 m	102.8 m	102.3 m	105.3 m	105.9 m	107.7 m	112.9 m	110.8 m	111.3 m	119.1 m	121.4 m	119.6 m	120.8 m
General and administrative expense	9.8 m	10.7 m	10.8 m	11.3 m	11.3 m	11.6 m	11.5 m	11.6 m	11.7 m	12.1 m	11.4 m	11.5 m
Operating expense total	64.4 m	74.4 m	69.6 m	69.9 m	73 m	70.8 m	76.5 m	76 m	73 m	79.3 m	83.7 m	81.5 m	79.4 m
EBIT	33.5 m	28.4 m	32.7 m	35.4 m	32.9 m	36.9 m	36.4 m	34.8 m	38.3 m	39.9 m	37.6 m	38.1 m	41.4 m

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	15.2 m	16.9 m	21.6 m	12.2 m
Total Assets	2 b	2.1 b	2.3 b	2.5 b

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	16.9 m	20.7 m	18.9 m	27.1 m	25.9 m	7.2 m	8.4 m	8.8 m
Total Assets	2.2 b	2.2 b	2.2 b	2.4 b	2.6 b	2.5 b	2.5 b	2.5 b
Accounts Payable	83.8 m	90.5 m	67.6 m	62.7 m	78.5 m	82.8 m	71.4 m	84.1 m
Total Debt	1.5 b	1.5 b	1.5 b	1.6 b	1.7 b	1.7 b	1.7 b	1.8 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	113.3 m	78.2 m	222.2 m	204.3 m
Depreciation and Amortization	95.7 m	102.4 m	103.9 m	115.4 m
Accounts Payable	9 m	(3.6 m)	1.4 m	3.1 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	90.2 m	15.4 m	35.3 m	59.6 m	36.4 m	61.7 m	108.2 m	28.6 m	105.9 m	178.7 m	23.5 m	54.5 m	(16 m)
Depreciation and Amortization	68.7 m	26.1 m	51.3 m	77 m	24 m	48.3 m	77 m	26.6 m	52.9 m	82.1 m	31.3 m	64.2 m
Accounts Payable	3.9 m	(3.3 m)	(11.5 m)	4.9 m	1.8 m	(4.8 m)	10.1 m	(969 k)	(7.3 m)	2.5 m	(761 k)	(9.2 m)	84.1 m
Cash From Operating Activities	137.1 m	42.5 m	84.1 m	148.5 m	54.4 m	100.7 m	175 m	54 m	105 m	177.8 m	56.6 m	110.8 m	181.6 m