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Tanger Inc. - SKT STOCK NEWS

Welcome to our dedicated page for Tanger news (Ticker: SKT), a resource for investors and traders seeking the latest updates and insights on Tanger stock.

Tanger Inc. (NYSE: SKT) is a prominent owner and operator of outlet and open-air retail shopping destinations, headquartered in Greensboro, North Carolina. Established over 43 years ago, Tanger has built a robust portfolio that includes 38 outlet centers, one adjacent managed center, and one open-air lifestyle center, comprising over 15 million square feet across 20 U.S. states and Canada. Renowned for offering first-quality, in-season merchandise, Tanger Outlet Centers attract over 180 million savvy shoppers annually, making them major tourist attractions.

Tanger Inc.'s business model focuses on providing the latest fashion trends from top brand names and designer outlets directly from manufacturers, ensuring consumers enjoy significant savings. The company's innovative approach to retail includes diversifying tenant mix and enhancing the shopping experience, leading to the operation of over 3,000 stores by more than 700 different brand name companies.

As a publicly traded Real Estate Investment Trust (REIT) since 1993, Tanger has been a pioneer in the retail outlet industry. The company continually adapts to market trends and consumer behavior, ensuring sustained growth and relevance in a competitive market. With a solid balance sheet, strategic partnerships, and a commitment to long-term growth, Tanger Inc. remains well-positioned to unlock additional value for all stakeholders.

Recent achievements include the amendment and extension of its unsecured lines of credit, enhancing financial flexibility and reducing interest expenses. Tanger has also been recognized with the 2024 Nareit Investor CARE Gold Award, highlighting its excellence in investor communications and transparency. Additionally, the company reported a positive financial outlook and operational metrics for the first quarter of 2024, including a 6% dividend increase and robust leasing activity.

Looking ahead, Tanger Inc. aims to continue its strategic focus on portfolio enhancement, tenant diversification, and innovative retail experiences. The company's proactive approach to financial management and investor relations ensures a strong foundation for future growth and value creation.

News

Tanger Reports Third Quarter Results and Raises Full-Year 2023 Guidance

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Tanger, a leading owner and operator of upscale open-air outlet centers, reported financial results for Q3 2023. The company achieved an 80 basis point sequential increase and a 150 basis point year-over-year increase in occupancy. It also reported its 7th consecutive quarter of positive rent spreads. Tanger Outlets Nashville opened at 96.5% leased. Net income available to common shareholders was $0.26 per share, or $27.2 million, compared to $0.22 per share, or $23.0 million, for the prior year period. FFO available to common shareholders was $0.50 per share, or $55.8 million, compared to $0.47 per share, or $51.7 million, for the prior year period. Tanger increased its full-year 2023 earnings guidance and announced a 6.1% increase in its dividend.
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Tanger Announces Grand Opening of Tanger Outlets Nashville

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Tanger Outlets opens its first U.S. outlet center since 2019 in Nashville, Tennessee. The 290,000-square-foot center is 96.5% leased and features a transformational design and a diverse mix of retailers. The Grand Opening celebration includes special offers and sales, with a portion of the first sales going to benefit local charity Musicians On Call. The center has created approximately 1,100 part-time and permanent jobs.
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SK Telecom and Deutsche Telekom to Jointly Develop Telco-specific LLM

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SK Telecom and Deutsche Telekom sign LOI for joint development of telco-specific language model
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Tanger Increases Dividend by 6.1%

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Tanger Outlets announces 6.1% increase in dividend and quarterly cash dividend of $0.26 per share.
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SK Telecom Announces AI Pyramid Strategy to Become a Global AI Company

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SK Telecom (SKT) announces its 'AI Pyramid Strategy' to become a global AI company. It plans to triple AI-related investments by 2028 and reach revenue of KRW 25 trillion. SKT will strengthen its AI infrastructure, pursue AI transformation in core and new business areas, and launch a personal AI assistant service. It will expand its data center business globally and introduce energy-saving solutions. SKT's AI semiconductor company, Sapeon, will launch a next-generation AI chip. SKT will collaborate with global partners to develop tailored AI solutions. In the mobile business, AI is expected to reduce costs by 20-30%. SKT will also expand AI services in media, advertising, and healthcare. 'A.', SKT's Korean LLM service, will evolve into a personal AI assistant service. SKT plans to launch AI services globally and work with telcos for localization. SKT aims to become a global AI company through self-strengthening and cooperation.
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Tanger Appoints Jessica K. Norman as EVP and General Counsel

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Tanger Outlets appoints Jessica K. Norman as Executive VP, General Counsel, and Secretary
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Tanger Schedules Third Quarter 2023 Earnings Release and Conference Call

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Tanger Outlets to release Q3 2023 financial results on Nov 6, 2023
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Tanger Reports Second Quarter Results and Raises Full-Year 2023 Guidance

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SK Telecom, Deutsche Telekom, e&, and Singtel Form Global Telco AI Alliance for Collaboration and Innovation in AI

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Four major global telcos, SK Telecom, Deutsche Telekom, e&, and Singtel, have formed the Global Telco AI Alliance to accelerate AI transformation in the telco business and create new business opportunities. They have signed a Multilateral MOU for cooperation in the AI business and will jointly develop the Telco AI Platform. The alliance aims to improve customer experiences and develop new growth drivers through AI-powered business models.
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Tanger Introduces Refreshed TangerClub Guest Loyalty Program

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Tanger Outlets launches a new digital-first loyalty program and mobile app to enhance the customer experience and connect brands with the right customers. The program offers personalized benefits and exclusive offers for guests, while also providing targeted avenues for customer engagement for retailers.
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FAQ

What is the current stock price of Tanger (SKT)?

The current stock price of Tanger (SKT) is $34.34 as of December 20, 2024.

What is the market cap of Tanger (SKT)?

The market cap of Tanger (SKT) is approximately 3.8B.

What is Tanger Inc. (NYSE: SKT)?

Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries.

Where is Tanger Inc. headquartered?

Tanger Inc. is headquartered in Greensboro, North Carolina.

How many outlet centers does Tanger own and operate?

Tanger owns and operates 38 outlet centers, one adjacent managed center, and one open-air lifestyle center across 20 U.S. states and Canada.

What is the significance of Tanger Outlet Centers?

Tanger Outlet Centers attract over 180 million shoppers annually, offering the latest fashion trends from top brand names and significant savings by purchasing directly from manufacturers.

Is Tanger Inc. a publicly traded company?

Yes, Tanger Inc. has been a publicly traded Real Estate Investment Trust (REIT) since 1993.

What recent achievements has Tanger Inc. made?

Recent achievements include amending and extending its unsecured lines of credit, winning the 2024 Nareit Investor CARE Gold Award, and reporting strong financial results for the first quarter of 2024.

What is Tanger's strategy for future growth?

Tanger's strategy focuses on portfolio enhancement, tenant diversification, and innovative retail experiences to drive long-term growth and value creation.

How can I access Tanger Inc.'s financial reports?

Tanger Inc.'s financial reports can be accessed through their Investor Relations website at investors.tanger.com.

Does Tanger offer career opportunities?

Yes, Tanger offers career opportunities. For more information, visit the careers page at http://www.tangeroutlet.com/company/careers.aspx.

How can I contact Tanger Inc.'s investor relations?

You can contact Tanger Inc.'s investor relations by emailing Doug McDonald, SVP, Treasurer and Investments, at TangerIR@tanger.com or calling (336) 856-6066.

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Tanger Inc.

NYSE:SKT

SKT Rankings

#1461 Ranked by Market Cap
#1002 Ranked by Dividends

SKT Stock Data

3.83B
108.12M
2.31%
89.29%
2.95%
REIT - Retail
Real Estate Investment Trusts
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United States of America
GREENSBORO