Tanger Factory Outlet Centers Inc
NYSE:SKT

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Tanger Factory Outlet Centers Inc Logo
Tanger Factory Outlet Centers Inc
NYSE:SKT
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Price: 32.21 USD -1.62% Market Closed
Market Cap: 3.6B USD

Tanger Factory Outlet Centers Inc
Investor Relations

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.

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Management

Mr. Stephen J. Yalof
President, CEO & Director
No Bio Available
Mr. Michael Jason Bilerman
Executive VP, CFO & Chief Investment Officer
No Bio Available
Ms. Leslie A. Swanson Gallardo
Executive VP & COO
No Bio Available
Mr. Thomas J. Guerrieri Jr.
Senior VP & Chief Accounting Officer
No Bio Available
Ms. Jessica K. Norman J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Regina Campbell
Senior Vice President of Marketing
No Bio Available
Christi Downes
Senior Vice President of People, Culture & Diversity
No Bio Available
Brian A. Auger
Senior Vice President of Legal & Corporate Counsel
No Bio Available
Joshua D. Cox
Senior Vice President of Tax
No Bio Available
Craig Wise
Senior Vice President of Digital Strategy
No Bio Available

Contacts

Address
NORTH CAROLINA
Greensboro
3200 Northline Ave Ste 360
Contacts
+13362923010.0
www.tangeroutlet.com