TANGER INC. Stock Price, News & Analysis

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) reported strong financial results for Q4 and the full year 2021. Net income available to common shareholders increased to $0.12 per share, with total tenant sales reaching $468 per square foot, an all-time high. Occupancy rose to 95.3%, up 310 basis points year over year. Funds From Operations (FFO) was $0.45 per share, though down from $0.54 in 2020. The company expects 2022 diluted net income per share between $0.66 and $0.74, with Same Center NOI growth projected at 1.5% to 3.5%. A quarterly dividend of $0.1825 per share was declared.

SK Telecom (NYSE:SKM) and Joby Aviation (NYSE:JOBY) have announced a partnership to launch emissions-free aerial ridesharing services in South Korea. SKT CEO Ryu Young-sang and Joby CEO JoeBen Bevirt signed a strategic collaboration agreement in Marina, California. This partnership aligns with South Korea's 'K-UAM' Roadmap for Urban Air Mobility, aiming to introduce a five-seat eVTOL aircraft with a range of 150 miles and a top speed of 200 mph. The integration of SK's T Map mobility platform with Joby's services is expected to enhance urban transportation.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that its 2021 dividend distributions will be categorized as a 100% return of capital. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions. Key dividend details include record dates and payable dates for quarterly payments, with total distributions per share amounting to $0.7150. Each dividend for the year will contribute $0.0000 to ordinary income for shareholders, indicating no taxable dividend income reported for 2021.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declared a cash dividend of $0.1825 per share. This dividend will be payable on February 15, 2022, to shareholders on record as of January 31, 2022. Tanger operates 36 upscale open-air outlet centers across 20 states and Canada, totaling approximately 13.6 million square feet. The company has over 41 years of experience in the outlet industry, leasing to more than 2,500 stores featuring over 500 brand name companies.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced its financial results for Q4 and the year ended December 31, 2021, set for release on February 17, 2022, post market close. A conference call for analysts and investors will follow on February 18, 2022, at 8:30 a.m. ET. Interested parties can join the call by dialing 1-877-605-1702 or accessing a live audio webcast on Tanger's Investor Relations website. The call replay will be available from February 18 until March 4, 2022.

Tanger Factory Outlet Centers (NYSE: SKT) announced the promotion of Leslie Swanson to Chief Operating Officer and the appointment of Andrew Wingrove as Chief Commercial Officer. Swanson will oversee operations, marketing partnerships, and specialty leasing, while focusing on creating new revenue streams. Wingrove brings 15 years of experience from brands like CLEAR and Delta to enhance customer experience and loyalty. The leadership changes aim to strengthen Tanger's market position amid evolving retail dynamics.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) reported a strong turnout during the recent Black Friday weekend, highlighting a significant rebound in shopper traffic compared to last year. With double-digit increases in visitation, Tanger outlets experienced filled parking lots and positive retailer responses. The brand showcased exclusive holiday deals and a festive shopping environment, offering a curated selection of trendy items and enhanced gift card options. The marketing strategy emphasizes immediate satisfaction for shoppers seeking bargains on brand-name products, making Tanger a go-to destination for the holiday shopping season.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is partnering with The Elf on the Shelf for a festive holiday scavenger hunt at its U.S. centers from Nov. 8 to Dec. 24, 2021. This interactive experience aims to engage families during the peak holiday shopping season, encouraging visits to their locations. Guests can purchase scavenger hunt booklets online or at center services, unlocking a mission involving hidden Scout Elves and prizes. The initiative seeks to enhance the shopping experience by combining holiday fun with outlet shopping, positioning Tanger Outlets as a top family destination this season.