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: 36.67 USD 0.66% Market Closed
Market Cap: 4.1B USD
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Intrinsic Value

The intrinsic value of one SKT stock under the Base Case scenario is 24.99 USD. Compared to the current market price of 36.67 USD, Tanger Factory Outlet Centers Inc is Overvalued by 32%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

SKT Intrinsic Value
24.99 USD
Overvaluation 32%
Intrinsic Value
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Tanger Factory Outlet Centers Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Tanger Factory Outlet Centers Inc

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Financials
Annual
Quarterly
TTM
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Balance Sheet Decomposition
Tanger Factory Outlet Centers Inc

Current Assets 128.2m
Cash & Short-Term Investments 11.1m
Other Current Assets 117.1m
Non-Current Assets 2.1B
Long-Term Investments 70.2m
PP&E 2B
Other Non-Current Assets 77.5m
Current Liabilities 171.8m
Accounts Payable 86.8m
Accrued Liabilities 85.1m
Non-Current Liabilities 1.5B
Long-Term Debt 1.4B
Other Non-Current Liabilities 110.8m
Efficiency

Earnings Waterfall
Tanger Factory Outlet Centers Inc

Revenue
512.8m USD
Cost of Revenue
-155.2m USD
Gross Profit
357.6m USD
Operating Expenses
-213.6m USD
Operating Income
144m USD
Other Expenses
-49.1m USD
Net Income
94.9m USD

Free Cash Flow Analysis
Tanger Factory Outlet Centers Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Tanger Inc. reported a robust third quarter, with core FFO rising to $0.54 per share, an 8% increase year-over-year, driven by a 4.3% boost in same-center NOI. The company continues to see strong retailer demand, reflected in a 97.4% occupancy rate and successful leasing of 2.6 million square feet. Looking ahead, Tanger has raised its guidance for 2024, now expecting core FFO per share between $2.09 and $2.13, marking a growth rate of 7% to 9%. Additionally, same-center NOI growth is projected to be between 4.25% and 5%, up from previous estimates, signaling confidence in sustained demand and operational efficiency.

What is Earnings Call?
Fundamental Scores

SKT Profitability Score
Profitability Due Diligence

Tanger Factory Outlet Centers Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

60/100
Profitability
Score

Tanger Factory Outlet Centers Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

SKT Solvency Score
Solvency Due Diligence

Tanger Factory Outlet Centers Inc's solvency score is 24/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
High D/E
Low Altman Z-Score
24/100
Solvency
Score

Tanger Factory Outlet Centers Inc's solvency score is 24/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SKT Price Targets Summary
Tanger Factory Outlet Centers Inc

Wall Street analysts forecast SKT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SKT is 37.3 USD with a low forecast of 30.3 USD and a high forecast of 43.05 USD.

Lowest
Price Target
30.3 USD
17% Downside
Average
Price Target
37.3 USD
2% Upside
Highest
Price Target
43.05 USD
17% Upside
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Dividends

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0
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Shareholder Yield

Current shareholder yield for SKT is .

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Tanger Factory Outlet Centers Inc Logo
Tanger Factory Outlet Centers Inc

Country

United States of America

Industry

Real Estate

Market Cap

4B USD

Dividend Yield

2.96%

Description

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. The company is headquartered in Greensboro, North Carolina and currently employs 310 full-time employees. The firm is an owner and operator of outlet centers in the United States and Canada. The firm is focused on developing, acquiring, owning, operating, and managing outlet shopping centers. The outlet centers and other assets are held by, and all of the operations are conducted by, its two subsidiaries, Tanger GP Trust and Tanger LP Trust. The firm's portfolio consists of approximately 36 outlet centers. Its properties are located in approximately 20 states and in Canada, totaling 13.6 million square feet, leased to over 2,700 stores operated by more than 600 different brand name companies. Its consolidated outlet centers include Deer Park, New York, Riverhead, New York , Foley, Alabama, Rehoboth Beach, Delaware, Atlantic City, New Jersey, San Marcos, Texas, Myrtle Beach Hwy 501, South Carolina, Savannah, Georgia and Sevierville, Tennessee.

Contact

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

IPO

1993-05-28

Employees

310

Officers

President, CEO & Director
Mr. Stephen J. Yalof
Executive VP, CFO & Chief Investment Officer
Mr. Michael Jason Bilerman
Executive VP & COO
Ms. Leslie A. Swanson Gallardo
Senior VP & Chief Accounting Officer
Mr. Thomas J. Guerrieri Jr.
Executive VP, General Counsel & Secretary
Ms. Jessica K. Norman
Senior Vice President of Marketing
Regina Campbell
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Senior Vice President of People, Culture & Diversity
Christi Downes
Senior Vice President of Legal & Corporate Counsel
Brian A. Auger
Senior Vice President of Tax
Joshua D. Cox
Senior Vice President of Digital Strategy
Craig Wise
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See Also

Discover More
What is the Intrinsic Value of one SKT stock?

The intrinsic value of one SKT stock under the Base Case scenario is 24.99 USD.

Is SKT stock undervalued or overvalued?

Compared to the current market price of 36.67 USD, Tanger Factory Outlet Centers Inc is Overvalued by 32%.

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