Tanger SKT

REIT - Specialty, Real Estate

$36.44

+0.91%

Market cap: $4.2B
PE: n/m; one or more of the four quarters through 2026-06-30 missing
Forward PE: n/m; not a meaningful number
Price to FFO: 14.8×; its own FFO
Price to sales: n/m; one or more of the four quarters through 2026-06-30 missing
EV/EBIT: n/m; not a meaningful number
Revenue, 12 months: n/m; one or more of the four quarters through 2026-06-30 missing
Net margin: n/m; one or more of the four quarters through 2026-06-30 missing

Tanger trades at 14.8× its funds from operations, the earnings measure REITs are valued on.

Charts

Financials

Income statement for SKT, by quarter
Income statement	Q3 FY22	Q1 FY23	Q2 FY23	Q3 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q1 FY26	Q2 FY26
	$111.4M	$108.9M	$110.6M	$117.3M	$123.4M	$129M	$133M	$135.4M	$140.7M	$145.2M	$150.4M	$156.4M
SG&A	$17.4M	$17.4M	$18.3M	$18.9M	$19.5M	$18.8M	$18.2M	$19M	$19M	$18.6M	$20.1M	$20.5M
	$32.6M	$32.5M	$33.2M	$36.3M	$34.6M	$38.4M	$39.2M	$33.2M	$44.7M	$45.7M	$43.2M	$48.5M
Interest expense	$11.7M	$12.3M	$12M	$11.7M	$14.4M	$15.7M	$15.5M	$15.8M	$16.4M	$16.4M	$19.2M	$19.4M
Pre-tax income	$22.3M	$22.9M	$23.6M	$26.5M	$20.8M	$22.9M	$23.6M	$17.6M	$28.3M	$29.1M	$26M	$30.8M
Net income	$23.3M	$23.5M	$24.2M	$27.6M	$22.4M	$24.8M	$24.9M	$19.2M	$30.1M	$32M	$28.3M	$33.2M
	$0.22	$0.22	$0.23	$0.26	$0.20	$0.22	$0.22	$0.17	$0.26	$0.28	$0.24	$0.29
	104.9M	105.5M	105.9M	106.3M	110M	110.2M	110.7M	114M	114.1M	114.6M	115.5M	115.7M

Operating income: 17 periods, Q1 FY21 to Q2 FY26: not printed by the filing, worked out from its own lines.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in REIT - Specialty nearest Tanger's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
SKTTanger	$4.2B	n/m	n/a	n/m	n/m	n/m
HHHHoward Hughes	$4.2B	14.2×	17.5×	1.8×	+34%	12.3%
APLEApple Hospitality REIT	$4.3B	24.4×	21.2×	3.0×	+1%	12.2%
EPREPR Properties	$4.3B	17.9×	22.1×	5.8×	+4%	35.5%
KRCKilroy Realty	$4.3B	26.2×	24.6×	4.0×	−4%	1.7%
CDPCopt Defense Properties	$3.8B	23.6×	24.4×	4.9×	+4%	20.9%
STWDStarwood Property Trust	$4.7B	21.3×	15.2×	2.3×	+12%	11.4%
LXPLXP Industrial Trust	$3.6B	61.1×	26.0×	10.4×	−4%	18.7%
PECOPhillips Edison	$4.9B	34.6×	76.2×	6.6×	+8%	19.1%
KRGKite Realty Group Trust	$4.9B	15.2×	126×	6.1×	−6%	41.8%
IRTIndependence Realty Trust	$3.5B	83.1×	50.4×	5.3×	+3%	6.5%
Peer median	$4.3B	24.0×	24.5×	5.1×	+4%	15.5%