Tanger Inc. (SKT)

In April 2025, Tanger reported mixed Q1 2025 earnings, with EPS falling short but revenue surpassing expectations, leading to a stock decline. In June 2025, analysis suggested a buying opportunity after a stock pullback increased the dividend yield. On October 14, 2025, Tanger announced a quarterly dividend increase to $0.2925 per share, reflecting a 7.8% annualized increase. In September 2025, Tanger acquired Legends Outlets in Kansas City, Kansas, and the Pinecrest shopping center in Cleveland for $167 million. Analyst ratings included Barclays initiating coverage with an "Equalweight" rating and Citi reiterating a "Buy" rating. In October 2025, Zacks.com identified Tanger as a "Strong Buy" stock, and the stock price gained 0.540% on October 27, 2025, rising to $33.50.

Demand for Tanger, Inc.'s retail spaces exhibits seasonality, with the period from October to December being critical due to the holiday shopping season, including events like Halloween, Black Friday, and Cyber Monday. Tanger also notes a "summer selling season" as an important period for strong traffic. Conversely, the first quarter often sees an anticipated seasonal decline in occupancy. The opening of seasonal holiday shops by retailers like Toys"R"Us in Tanger Outlets underscores the importance of the holiday season.

Tanger, Inc. is a REIT specializing in owning and operating outlet and open-air retail shopping destinations, established in 1981. The company develops, acquires, owns, operates, and manages outlet and open-air shopping centers, providing retail space for over 3,000 stores operated by more than 700 brand-name companies.

Tanger's portfolio includes 38 outlet centers and three open-air lifestyle centers, totaling over 16 million square feet of retail space. These properties are located across tourist destinations and vibrant markets in 21 U.S. states and Canada, including locations such as Asheville, Atlanta, and Atlantic City.

Tanger has focused on enhancing its brand reputation by creating a premium shopping experience through well-maintained properties and a curated selection of brands. The company has been actively diversifying its offerings and attracting a younger consumer demographic by incorporating brands and experiences that appeal to them. Tanger aims to cater to this younger audience with better restaurants, entertainment, experiential elements, and loyalty programs. The company's strategy also involves replacing less productive tenants with high-demand retailers to increase foot traffic and enhance property value.

Tanger, Inc.'s ownership includes institutional, retail, and individual investors. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., Fmr Llc, State Street Corp, and Geode Capital Management, Llc, with Vanguard Group Inc. owning the most shares. Steven B. Tanger is the largest individual shareholder, owning 1.02 million shares, representing 0.90% of the company. Recent insider trading activity has shown more selling than buying.