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SKT Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc. is a leading operator of upscale open-air outlet centers that owns, or has an ownership interest in, a portfolio of 36 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 13.6 million square feet, leased to over 2,500 stores operated by more than 500 different brand name companies. The Company has more than 40 years of experience in the outlet industry and is a publicly-traded REIT.

Company profile

Ticker
SKT
Exchange
CEO
Stephen Yalof
Employees
Incorporated
Location
Fiscal year end
Former names
TANGER FACTORY OUTLET CENTERS INC
SEC CIK
IRS number
561815473

SKT stock data

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Calendar

7 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Citrin Jeffrey B Common Stock Grant Aquire A No No 0 1,331.45 0 97,334.5
3 Mar 21 Carrie A Warren Common Stock Sell Dispose S No No 17.81 4,087 72.79K 55,541
3 Mar 21 Thomas Joseph Guerrieri JR Common Stock Sell Dispose S No No 17.664 1,000 17.66K 42,920
3 Mar 21 Reddin Thomas Common Stock Sell Dispose S No No 17.5 10,000 175K 55,726

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

77.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 251 258 -2.7%
Opened positions 46 47 -2.1%
Closed positions 53 24 +120.8%
Increased positions 72 84 -14.3%
Reduced positions 88 79 +11.4%
13F shares
Current Prev Q Change
Total value 1.18B 764.63M +54.7%
Total shares 78.11M 76.73M +1.8%
Total puts 6.07M 5.64M +7.5%
Total calls 4.35M 3.61M +20.6%
Total put/call ratio 1.4 1.6 -10.9%
Largest owners
Shares Value Change
BLK Blackrock 17.51M $264.95M +6.5%
Vanguard 15.34M $232.13M +2.8%
STT State Street 4.79M $72.51M +2.4%
AMP Ameriprise Financial 2.44M $36.97M +107.2%
LSV Asset Management 1.86M $28.09M +42.6%
Geode Capital Management 1.78M $26.89M +5.3%
Charles Schwab Investment Management 1.74M $26.26M +1.5%
Nuveen Asset Management 1.72M $26.05M +244.9%
Marathon Asset Management 1.63M $24.72M -4.2%
Capital Growth Management 1.49M $22.54M NEW
Largest transactions
Shares Bought/sold Change
Capital Growth Management 1.49M +1.49M NEW
AMP Ameriprise Financial 2.44M +1.26M +107.2%
Nuveen Asset Management 1.72M +1.22M +244.9%
Norges Bank 0 -1.18M EXIT
BLK Blackrock 17.51M +1.07M +6.5%
Fred Alger Management 974.76K +822.69K +541.0%
Lonestar Capital Management 0 -800K EXIT
C Citigroup 165.31K -762.34K -82.2%
FMR 1.48M -598.42K -28.8%
LSV Asset Management 1.86M +554.23K +42.6%

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Certain statements made in this Management's Discussion and Analysis of Financial Condition and Results of Operations below are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Reform Act of 1995 and included this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, beliefs and expectations, are generally identifiable by use of the words "believe", "expect", "intend", "anticipate", "estimate", "project", or similar expressions. Such forward-looking statements include, but are not limited to, statements regarding: the expected impact of the novel coronavirus (“COVID-19”) pandemic on our business, financial results and financial condition; our ability to raise additional capital, including via future issuances of equity and debt, and the use of proceeds from such issuances; our results of operations and financial condition; capital expenditure and working capital needs and the funding thereof; the repurchase of the Company's common shares, including the potential use of a 10b5-1 plan to facilitate repurchases; future dividend payments; the possibility of future asset impairments; potential developments, expansions, renovations, acquisitions or dispositions of outlet centers; compliance with debt covenants; renewal and re-lease of leased space; the outlook for the retail environment, potential bankruptcies, and other store closings; the outcome of legal proceedings arising in the normal course of business; and real estate joint ventures. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other important factors which are, in some cases, beyond our control and which could materially affect our actual results, performance or achievements.
  • Currently, one of the most significant factors, however, is the adverse effect of the COVID-19 pandemic on the financial condition, results of operations, cash flows, compliance with debt covenants and performance of the Company and its tenants, the real estate market and the global economy and financial markets. The extent to which COVID-19 impacts us and our tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, the timing or effectiveness of any vaccines or treatments, and the direct and indirect economic effects of the pandemic and containment measures, among others. Moreover, you should interpret many of the risks identified in this report, as well as the risks set forth below, as being heightened as a result of the ongoing and numerous adverse impacts of COVID-19.
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