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Tanger Inc
SWB:T6O

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Tanger Inc
SWB:T6O
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Price: 31.55 EUR -0.22% Market Closed
Market Cap: 2.2B EUR

Tanger Inc
Investor Relations

In the bustling world of retail real estate, Tanger Inc. emerges as a pivotal player, orchestrating a unique space where brands and shoppers converge. Founded by Stanley K. Tanger in 1981, this company carved its niche by developing, owning, and operating upscale open-air outlet shopping centers across the United States and Canada. Their business model revolves around leasing retail spaces to renowned brands at these centers, offering a curated experience of value shopping. Unlike traditional malls, Tanger's outlets are designed as destinations — places where consumers can indulge in a treasure hunt for bargains in an open-air atmosphere, often drawing tourists and locals alike looking to enjoy shopping as part of a larger outing. This vision allows brands to clear excess inventory while maintaining brand value, whereas consumers are enticed with possibilities of fashion finds at attractive prices.

Revenue for Tanger Inc. primarily stems from rental income collected from its tenants, complemented by additional income streams such as percentage rents and tenant reimbursements for operating expenses. The company’s adeptness in site selection further enhances its profitability, with locations strategically chosen for high traffic potential and economic resilience. Tanger's commitment to creating value extends beyond mere commerce; they emphasize delivering a vibrant shopping experience through tailored marketing strategies and dynamic brand partnerships. By mastering the interplay of real estate and retail, Tanger Inc. crafts a business model that thrives on the synergies between consumer demand for value and retailers' need for efficient inventory management, thereby remaining a steadfast force in the evolving landscape of retail.

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Earnings Calls

2024 Q3
Nov 7, 2024
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Tanger's Strong Q3 Performance and Optimistic 2024 Guidance
2024 Q3
Nov 7, 2024

Tanger reported solid third-quarter results, with core FFO growing to $0.54 per share, an increase from $0.50 a year earlier. Same-center NOI surged 4.3%, reflecting strong retailer demand and effective leasing, ending the quarter with occupancy at 97.4%. The company is raising guidance for 2024, targeting core FFO between $2.09 and $2.13 per share (7%-9% growth). Same-center NOI growth projections have also improved to 4.25%-5%, up from 3.25%-4.75%. Additionally, Tanger's dividend was increased by 5.8%, demonstrating strong cash flow and a well-positioned balance sheet.

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Management

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Address
NORTH CAROLINA
Greensboro
3200 Northline Avenue Suite 360
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