SKT Stock Recent News

Tanger (SKT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Tanger has seen growth in rental spreads and funds from operations, leading to a dividend increase. The company is well-positioned for growth and potential acquisitions in 2024. Re-leasing spreads and new acquisitions are driving funds from operations growth for Tanger Factory.

GREENSBORO, N.C. , Jan. 4, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter and year ended December 31, 2023 will be released on Thursday, February 15, 2024 after the market close.

The Zacks REIT and Equity Trust - Retail industry is well-posed to benefit from the solid market fundamentals driven by renewed consumers' enthusiasm for in-store shopping, popularity of open-air centers and advantages of omnichannel retailing. Players like SKT and UE are likely to prosper.

After a wild year in the books, investors might want to consider the top REITs or real estate investment trusts to buy. Structured as companies that own or finance income-producing real estate often across a range of property categories, acquiring a quality REIT can be a sensible idea.

Tanger has bumped up its dividend for the fifth time since early 2021. The dividend increase was driven by rising profits as occupancy improved and rents rose.

Tanger Factory focuses on open-air outlet centers in tourist-heavy locations with well-known brand tenants. It's expanding into home furnishings and is garnering strong interest in its Loyalty Program. It's demonstrated strong demand, high occupancy rates, and steady rental rate increases.

GREENSBORO, N.C., Aug. 22, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its financial results for the quarter ending September 30, 2023 will be released on Monday, November 6, 2023 after the market close.

Tanger's post-pandemic appeal endures for shoppers and retailers. Solid financials and growth underpin a recovering dividend.

Tanger Factory Outlet Centers has grown its occupancy to 97.2 percent as of June, with even more shoppers expected to hit the outlets this month for back-to-school shopping. Tanger Outlets (SKT) CEO Stephen Yalof joined Yahoo Finance Live to discuss the state of the consumer and the economic outlook for the outlet shopping industry as part of the weekly series "Retail Evolution: The New Era.