Company Description

Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers and one additional center currently under construction. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.1 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies. The Company has more than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppers annually. Tanger has filed a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended December 31, 2016. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.

Webcast


  • Tanger Outlet Centers First Quarter 2017 Earnings Call


    May 2, 2017 10:00 AM ET

    Listen to Webcast
Contact Information
Tanger Factory Outlet
Centers, Inc.

3200 Northline Avenue
Suite 360
Greensboro, NC 27408
(336) 292-3010

Primary IR Contact
VP of Investor Relations
3200 Northline Avenue
Suite 360
Greensboro, NC 27408
Tel: (336) 834-6892
Fax: (336) 297-0931
tangerir@tangeroutlet.com
Executive Officers and Directors
Executive Officers
   Steven B. Tanger
President & CEO
   Thomas E. McDonough
Executive Vice President & COO
   Chad D. Perry
Executive Vice President, General Counsel and Secretary
   Carrie A. Geldner
Senior Vice President & CMO
   Manuel O. Jessup
Senior Vice President, Human Resources
   Virginia R. Summerell
Senior Vice President of Finance – Treasurer and Assistant Secretary
   James F. Williams
Senior Vice President & CAO
   Charles A. Worsham
Senior Vice President, Construction and Development
 
Board of Directors
   Steven B. Tanger
President and Chief Executive Officer
   William G. Benton
Non-Executive Chairman
   Jeffrey B. Citrin
Director
   David B. Henry
Director
   Thomas J. Reddin
Director
   Thomas E. Robinson
Director
   Bridget M. Ryan-Berman
Director
   Allan L. Schuman
Director
 
Market Data

Current QuoteData as of March 24, 2017
Last Sale $ 32.51
Last Close $ 32.25
Today's High $ 32.64
Today's Low $ 32.25
Net Change $ .26  Up  .81%
Today's Volume492,371
Minimum 20 minute delay
Current Chart

Dividends Graph
No data available.
Dividends (NYSE - SKT)
Description:
Common stock, $0.01 par value
LTM FFO Payout Ratio (%): 53.39
Current Dividend Yield (%): 4.00
Ex-Dividend Date Record Date Announce Date Pay Date Amount Frequency
1/27/20171/31/20171/6/20172/15/20170.3250Quarterly
10/27/201610/31/201610/6/201611/15/20160.3250Quarterly
7/27/20167/29/20167/8/20168/15/20160.3250Quarterly
4/27/20164/29/20164/7/20165/13/20160.3250Quarterly
1/27/20161/29/20161/7/20162/15/20160.2850Quarterly
12/29/201512/31/201512/10/20151/15/20160.2100Special
10/28/201510/30/201510/8/201511/13/20150.2850Quarterly
Peer Analysis

Data for trailing four quarters

Financial Performance (%)SKT Peer
Median
Peer
Average
Rec. EBITDA / Int. Exp. (x)4.65 4.06 4.15 
Rec. EBITDA / Int. Exp. + Pref. Divs. (x)4.65 3.69 3.80 
G&A / Total Revenue8.10 6.37 7.04 
FFO / Share Growth5.83 5.65 5.76 
ROAE30.99 7.19 7.57 
ROAA8.56 3.27 3.24 
Payout / FFO53.39 67.03 65.83 
Market Performance   
Price / FFO (x)13.78 16.63 15.48 
Dividend Yield (%)4.00 4.45 5.26 
UPREIT Market Cap ($M)3,292.84 5,564.02 6,353.32 
Total Capitalization ($M)4,980.71 9,397.51 9,986.45 
Tanger Factory Outlet Centers, Inc.'s peer group consists of the following: Acadia Realty Trust (AKR) , Brixmor Property Group Inc. (BRX) , CBL & Associates Properties, Inc. (CBL) , DDR Corp. (DDR) , Equity One, Inc. (EQY) , Federal Realty Investment Trust (FRT) , Kimco Realty Corporation (KIM) , Kite Realty Group Trust (KRG) , Macerich Company (MAC) , National Retail Properties, Inc. (NNN) , Realty Income Corporation (O) , Regency Centers Corporation (REG) , Retail Opportunity Investments Corp. (ROIC) , Taubman Centers, Inc. (TCO) , Washington Prime Group Inc. (WPG) , Weingarten Realty Investors (WRI)

Tanger Factory Outlet Centers, Inc.'s financial data is as of 12/31/2016.

Peer financial data is as of 12/31/2016
 Properties (45)




Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys1,00034.4034,400
Open Market Sells (37,795) 34.20 (1,292,695)
Options Ex. & Sold99,56734.82 (1,676,160)
Net Shares268,83334.55 (2,934,455)

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
Steven B. Tanger1012156,097
Thomas Edward McDonough125830,298
Chad D. Perry126919,791
James F. Williams11577,776
Charles A. Worsham10567,560
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.
Upcoming Events
Q1 Earnings Conference Call5/2/2017
10:00 AM  ET
Q1 Earnings Release5/1/2017
Institutional Ownership
Ownership Information
Shares Outstanding96,259,265
Short Interest Shares5,072,301
Float (%)97.71
Institutional Ownership (%)97.38
Mutual Fund Ownership (%)57.08
Insider Ownership (%)2.29
Top 10 Instn Holders (%)53.32
Ownership Activity
DescriptionHoldersShares
Total Positions34893,734,342
New Positions361,645,499
Increased Positions1256,289,534
Decreased Positions112(6,763,765)
Soldout Positions20(953,528)
Net Change 217,740
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.
Stock Price History
High ($)Low ($)
One Day32.64  32.25  
One Month34.76  30.98  
Three Months37.34  30.98  
Year-to-Date37.34  30.98  
One Year42.20  30.98  
Three Year42.20  29.46  
Three Year Date8/1/2016 2/11/2016 
FAQ
Q: How do I purchase Tanger shares?
A: Tanger's common shares are traded on the New York Stock Exchange under the symbols: SKT. Initial shares may be purchased through any broker. Any shareholder who participates in the Company's Dividend Reinvestment and Share Purchase Plan may purchase additional shares through the Company's transfer agent.

Q: Does the Company pay a dividend?
A: Yes. The current annual dividend on common shares is $1.1400 per share. Dividends are paid on or about the 15th day of February, May, August and November. Tanger has paid dividends every quarter since the Company became publicly traded in May 1993.

Q: Does the Company offer a Dividend Reinvestment Plan?
A: Yes. Any shareholder who purchases at least one common share registered in his name on the records of the Company's transfer agent may enroll in our Dividend Reinvestment and Share Purchase Plan (DRIP). The DRIP provides shareholders an opportunity to increase ownership in Tanger by reinvesting their common share dividends into additional common shares and/or make optional cash purchases of common shares through the Company's transfer agent. Enrollment forms may be requested from Computershare Trust Company, NA 1-800-733-5001.

Q: Who is the Company's transfer agent?
A: Computershare Trust Company, NA
P. O. Box 43010
Providence, RI 02940-3010
1-800-733-5001


Q: When was the initial public offering of Tanger shares?
A: The initial public offering of SKT shares was on May 28, 1993.

Q: When is the Company's year end?
A: Tanger's fiscal year ends on December 31.

Q: How can I receive information on Tanger Factory Outlet Centers, Inc.?
A: Tanger's web site, www.tangeroutlet.com, is a useful resource for obtaining information. You can download and print our latest Annual Report, 10-K and quarterly earnings releases. You can also read about Tanger's 46 outlet centers where consumers may purchase products for the entire family from leading designer and brand name manufacturers at substantial savings. If you prefer, we will mail you financial information. Click on Information Request and fill in the requested information for receipt of materials. You may also subscribe to our E-Mail Alert section of the web site for company information.

Q: How do I apply for employment at Tanger?
A: Open positions may be viewed on the Tanger web site, www.tangeroutlet.com, under the Company Info section of the site and then follow the Careers link. We accept applications for corporate and all other center office and management positions online through the Corporate & Center Office/Management Position Link.