Tanger Factory Outlet Centers

OverviewSuggest Edit

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.
TypePublic
Founded1981
HQGreensboro, NC, US
Websitetangeroutlet.com
Employee Ratings4.3
Overall CultureD

Latest Updates

Employees (est.) (Feb 2020)285
Job Openings55
Revenue (FY, 2018)$494.7 M(+2%)
Share Price (Jun 2022)$14.9(+4%)
Cybersecurity ratingFMore
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Key People/Management at Tanger Factory Outlet Centers

Thomas J. Reddin

Thomas J. Reddin

Non-Executive Chairman of the Board
William G. Benton

William G. Benton

Independent Director
Jeffrey B. Citrin

Jeffrey B. Citrin

Independent Director
David B. Henry

David B. Henry

Independent Director
Thomas E. Robinson

Thomas E. Robinson

Independent Director
Bridget M. Ryan-Berman

Bridget M. Ryan-Berman

Independent Director
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Tanger Factory Outlet Centers Office Locations

Tanger Factory Outlet Centers has an office in Greensboro
Greensboro, NC, US (HQ)
3200 Northline Ave #360
Show all (1)

Tanger Factory Outlet Centers Financials and Metrics

Tanger Factory Outlet Centers Revenue

Tanger Factory Outlet Centers's revenue was reported to be $494.68 m in FY, 2018
USD

Revenue (Q3, 2019)

119.0m

Net income (Q3, 2019)

24.8m

Market capitalization (24-Jun-2022)

1.5b

Closing stock price (24-Jun-2022)

14.9
Tanger Factory Outlet Centers's current market capitalization is $1.5 b.
Annual
USDFY, 2011FY, 2017FY, 2018

Revenue

336.8m488.2m494.7m

General and administrative expense

44.0m44.2m

Operating expense total

327.5m386.1m

Depreciation and amortization

127.7m131.7m
Quarterly
USDQ2, 2010Q3, 2011Q1, 2012Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

65.3m84.8m97.9m102.8m102.3m105.3m105.9m107.7m112.9m110.8m111.3m119.1m121.4m119.6m120.8m123.5m119.7m124.2m123.2m115.7m119.0m

Cost of goods sold

22.1m

Gross profit

43.2m

Gross profit Margin, %

66%
Annual
USDFY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2020

Cash

16.9m12.2m84.8m

Accounts Receivable

Inventories

Total Assets

2.1b2.5b2.2b
Quarterly
USDQ2, 2010Q3, 2010Q4, 2010Q1, 2011Q2, 2011Q3, 2013Q1, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2021

Cash

3.5m2.8m5.7m

Total Assets

1.2b1.2b1.2b

Accounts Payable

22.7m39.7m31.1m

Dividends Payable

Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

113.3m78.2m222.2m204.3m71.9m45.6m

Depreciation and Amortization

17.0m24.1m95.7m102.4m103.9m115.4m127.7m131.7m

Inventories

Accounts Payable

9.0m(3.6m)1.4m3.1m1.2m7.3m
Quarterly
USDQ1, 2012Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

8.1m90.2m15.4m35.3m59.6m36.4m61.7m108.2m28.6m105.9m178.7m23.5m54.5m38.4m23.7m48.0m24.9m65.8m80.3m105.1m

Depreciation and Amortization

68.7m26.1m51.3m77.0m24.0m48.3m77.0m26.6m52.9m82.1m31.3m64.2m95.2m33.1m65.8m98.7m31.8m62.9m93.0m

Accounts Payable

3.9m(3.3m)(11.5m)4.9m1.8m(4.8m)10.1m(969.0k)(7.3m)2.5m(761.0k)(9.2m)653.0k(11.4m)(8.8m)(3.5m)(24.9m)(18.4m)(9.8m)

Cash From Operating Activities

137.1m42.5m84.1m148.5m54.4m100.7m175.0m54.0m105.0m177.8m56.6m110.8m181.6m50.0m115.4m180.0m33.2m92.7m159.0m
USDQ2, 2010

Debt/Equity

1.2 x

Debt/Assets

0.5 x

Financial Leverage

2.3 x
Show all financial metrics

Tanger Factory Outlet Centers Cybersecurity Score

Cybersecurity ratingPremium dataset

F

52/100

SecurityScorecard logo

Tanger Factory Outlet Centers Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Tanger Factory Outlet Centers Online and Social Media Presence

Embed Graph

Tanger Factory Outlet Centers Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    B+

    73/100

  • Compensation

    B

    73/100

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Tanger Factory Outlet Centers News and Updates

CIT Group Set to Join S&P MidCap 400 and Tanger Factory Outlet Centers to Join S&P SmallCap 600

NEW YORK, Jan. 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) will replace Tanger Factory Outlet Centers, Inc. (NYSE:SKT) in the S&P MidCap 400 and Tanger Factory Outlet Centers will replace McDermott International, Inc. (NYSE:MDR) in the S&P SmallCap 600 effective prior to the open...

Tanger Factory Outlet Centers, Inc. CEO Presentation at NAREIT's REITWeek 2019

GREENSBORO, N.C., May 29, 2019 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that Steven B. Tanger, Chief Executive Officer, will be a featured presenter at NAREIT's REITWeek 2019 Investor Conference on Tuesday, June 4, 2019 at 11:00 a.m. EDT. A link to...

Tanger Factory Outlet Centers, Inc. 2018 Tax Reporting Information -- Distribution (Form 1099)

GREENSBORO, N.C., Jan. 18, 2019 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its 2018 dividend distributions should be treated as follows for income tax purposes. Common Shares: 99.96% as ordinary income and 0.04% as capital gain distribution....

Tanger Factory Outlet Centers Frequently Asked Questions

  • When was Tanger Factory Outlet Centers founded?

    Tanger Factory Outlet Centers was founded in 1981.

  • Who are Tanger Factory Outlet Centers key executives?

    Tanger Factory Outlet Centers's key executives are Thomas J. Reddin, William G. Benton and Jeffrey B. Citrin.

  • How many employees does Tanger Factory Outlet Centers have?

    Tanger Factory Outlet Centers has 285 employees.

  • What is Tanger Factory Outlet Centers revenue?

    Latest Tanger Factory Outlet Centers annual revenue is $494.7 m.

  • What is Tanger Factory Outlet Centers revenue per employee?

    Latest Tanger Factory Outlet Centers revenue per employee is $1.7 m.

  • Who are Tanger Factory Outlet Centers competitors?

    Competitors of Tanger Factory Outlet Centers include Reginn, The Macerich Company and McWhinney.

  • Where is Tanger Factory Outlet Centers headquarters?

    Tanger Factory Outlet Centers headquarters is located at 3200 Northline Ave #360, Greensboro.

  • Where are Tanger Factory Outlet Centers offices?

    Tanger Factory Outlet Centers has an office in Greensboro.

  • How many offices does Tanger Factory Outlet Centers have?

    Tanger Factory Outlet Centers has 1 office.