Tanger Factory Outlet Centers Inc
NYSE:SKT

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Tanger Factory Outlet Centers Inc
NYSE:SKT
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Price: 34.34 USD -0.03% Market Closed
Market Cap: 3.8B USD
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Tanger Factory Outlet Centers Inc
Operating Expenses

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
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Annual
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Tanger Factory Outlet Centers Inc
Operating Expenses Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Expenses CAGR 3Y CAGR 5Y CAGR 10Y
Tanger Factory Outlet Centers Inc
NYSE:SKT
Operating Expenses
-$213.6m
CAGR 3-Years
-8%
CAGR 5-Years
-4%
CAGR 10-Years
-4%
Federal Realty Investment Trust
NYSE:FRT
Operating Expenses
-$385.9m
CAGR 3-Years
-7%
CAGR 5-Years
-6%
CAGR 10-Years
-7%
Simon Property Group Inc
NYSE:SPG
Operating Expenses
-$1.8B
CAGR 3-Years
-2%
CAGR 5-Years
0%
CAGR 10-Years
-1%
Kimco Realty Corp
NYSE:KIM
Operating Expenses
-$644.1m
CAGR 3-Years
-19%
CAGR 5-Years
-10%
CAGR 10-Years
-6%
Realty Income Corp
NYSE:O
Operating Expenses
-$2.4B
CAGR 3-Years
-43%
CAGR 5-Years
-30%
CAGR 10-Years
-20%
Regency Centers Corp
NASDAQ:REG
Operating Expenses
-$514.5m
CAGR 3-Years
-8%
CAGR 5-Years
-3%
CAGR 10-Years
-9%
No Stocks Found

Tanger Factory Outlet Centers Inc
Glance View

Market Cap
3.8B USD
Industry
Real Estate

Tanger Factory Outlet Centers Inc., rooted in a rich history, has carved a distinct niche within the retail real estate sector. Founded by Stanley K. Tanger in 1981, this company pioneered the open-air outlet shopping experience, transforming it into a mainstream retail concept. Tanger's business model capitalizes on owning, operating, and developing high-quality outlet centers across North America. Each center is strategically positioned in diverse locations often within proximity to major metropolitan areas or popular vacation destinations, drawing a consistent flow of price-conscious consumers seeking premium brands at reduced prices. The company thrives by leasing retail space to renowned brand-name manufacturers, offering them a direct-to-consumer channel to clear inventory and showcase their products. Revenue generation at Tanger is tied intrinsically to its tenants' success and the company's ability to maintain high occupancy rates. It employs a flexible leasing strategy that blends fixed base rents with variable income streams such as percentage rent, which ties lease payments to tenant sales performance. This structure aligns Tanger's interests with those of its tenants, as higher sales translate into increased rent revenues. Furthermore, the company is adept at incorporating marketing and events to attract foot traffic, enhancing the shopping experience to encourage consumer spending. Such initiatives ensure steady income flows while mitigating the impact of retail cycles, supporting their sustained growth within a competitive industry landscape.

SKT Intrinsic Value
24.68 USD
Overvaluation 28%
Intrinsic Value
Price

See Also

What is Tanger Factory Outlet Centers Inc's Operating Expenses?
Operating Expenses
-213.6m USD

Based on the financial report for Sep 30, 2024, Tanger Factory Outlet Centers Inc's Operating Expenses amounts to -213.6m USD.

What is Tanger Factory Outlet Centers Inc's Operating Expenses growth rate?
Operating Expenses CAGR 10Y
-4%

Over the last year, the Operating Expenses growth was -15%. The average annual Operating Expenses growth rates for Tanger Factory Outlet Centers Inc have been -8% over the past three years , -4% over the past five years , and -4% over the past ten years .

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