Tanger Factory Outlet Centers, Inc. | Mid-cap | Real Estate
$31.85
-2.63%
| Tanger Factory Stock Comparison:
Tanger Factory vs Simon PropertyTanger Factory vs Realty IncomeTanger Factory vs Federal RealtyTanger Factory vs Brixmor PropertyTanger Factory vs NNN REITTanger Factory vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 135.4M
Gross Profit 93.5M 69.11%
Operating Income 37.4M 27.63%
Net Income 20.0M 14.77%
EPS (Diluted) $0.17

Balance Sheet Metrics

Total Assets 2.5B
Total Liabilities 1.8B
Shareholders Equity 660.0M
Debt to Equity 2.75

Cash Flow Metrics

Operating Cash Flow 58.5M
Free Cash Flow 41.4M

Revenue & Profitability Trend

Tanger Factory Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 526.1M 464.4M 442.6M 426.5M 390.0M
Cost of Goods Sold i 158.7M 145.5M 143.9M 140.7M 137.1M
Gross Profit i 367.3M 318.9M 298.7M 285.8M 252.9M
Gross Margin % i 69.8% 68.7% 67.5% 67.0% 64.8%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 78.0M 76.1M 71.5M 65.8M 47.7M
Other Operating Expenses i - - - - -
Total Operating Expenses i 78.0M 76.1M 71.5M 65.8M 47.7M
Operating Income i 150.6M 133.8M 115.2M 110.0M 88.0M
Operating Margin % i 28.6% 28.8% 26.0% 25.8% 22.6%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i 60.6M 47.9M 47.0M 52.9M 63.1M
Other Non-Operating Income 12.8M 18.0M 17.6M -47.5M -62.9M
Pre-tax Income i 102.8M 103.9M 85.8M 9.6M -38.0M
Income Tax i - - - - -
Effective Tax Rate % i 0.0% 0.0% 0.0% 0.0% 0.0%
Net Income i 102.8M 103.9M 85.8M 9.6M -38.0M
Net Margin % i 19.5% 22.4% 19.4% 2.2% -9.7%
Key Metrics
EBITDA i 302.1M 260.7M 241.8M 227.3M 207.2M
EPS (Basic) i $0.89 $0.94 $0.78 $0.08 $-0.40
EPS (Diluted) i $0.88 $0.92 $0.77 $0.08 $-0.40
Basic Shares Outstanding i 109263000 104682000 103687000 100418000 92618000
Diluted Shares Outstanding i 109263000 104682000 103687000 100418000 92618000

Income Statement Trend

Tanger Factory Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 47.0M 12.8M 212.1M 161.3M 84.8M
Short-term Investments i 0 9.2M 52.4M 0 -
Accounts Receivable i - - - - -
Inventory i - - - - -
Other Current Assets - - - - -
Total Current Assets i 47.0M 22.0M 264.6M 161.3M 84.8M
Non-Current Assets
Property, Plant & Equipment i 76.1M 77.4M 78.6M 79.8M 81.5M
Goodwill i -16.5M -7.7M -30.5M -16.5M -3.9M
Intangible Assets i -16.5M -7.7M -30.5M -16.5M -3.9M
Long-term Investments - - - - -
Other Non-Current Assets 228.9M 207.5M 200.3M 194.8M 194.1M
Total Non-Current Assets i 2.3B 2.3B 2.0B 2.0B 2.1B
Total Assets i 2.4B 2.3B 2.2B 2.2B 2.2B
Liabilities
Current Liabilities
Accounts Payable i - - - - -
Short-term Debt i - 13.0M - - -
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 107.8M 131.5M 104.7M 93.0M 88.3M
Non-Current Liabilities
Long-term Debt i 1.5B 1.5B 1.5B 1.5B 1.7B
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 85.5M 89.0M 83.0M 78.6M 84.4M
Total Non-Current Liabilities i 1.6B 1.6B 1.6B 1.6B 1.7B
Total Liabilities i 1.7B 1.7B 1.7B 1.7B 1.8B
Equity
Common Stock i 1.1M 1.1M 1.0M 1.0M 936.0K
Retained Earnings i -511.8M -490.2M -485.6M -483.4M -420.1M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 679.7M 591.3M 513.9M 499.8M 358.9M
Key Metrics
Total Debt i 1.5B 1.5B 1.5B 1.5B 1.7B
Working Capital i -60.8M -109.5M 159.8M 68.3M -3.4M

Balance Sheet Composition

Tanger Factory Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 102.8M 103.9M 85.8M 9.6M -38.0M
Depreciation & Amortization i 138.7M 108.9M 111.9M 110.0M 117.1M
Stock-Based Compensation i 12.0M 12.5M 13.0M 12.8M 12.5M
Working Capital Changes i 1.8M 3.4M 276.0K 5.1M -5.4M
Operating Cash Flow i 260.0M 236.0M 215.3M 147.8M 96.4M
Investing Activities
Capital Expenditures i - - - - -
Acquisitions i 0 -2.6M -313.0K -7.0M -10.6M
Investment Purchases i 0 -7.7M -52.4M 0 0
Investment Sales i 9.2M 50.9M 0 0 -
Investing Cash Flow i -5.2M 31.1M -45.9M -5.3M 724.0K
Financing Activities
Share Repurchases i - - - 0 0
Dividends Paid i -120.2M -103.8M -84.2M -72.4M -66.6M
Debt Issuance i 262.0M 83.0M 36.6M 394.2M 641.6M
Debt Repayment i -280.1M -74.8M -4.4M -567.0M -645.2M
Financing Cash Flow i -49.6M -7.5M -64.3M -118.6M -77.6M
Free Cash Flow i 260.7M 229.6M 214.0M 217.7M 164.7M
Net Change in Cash i 205.2M 259.6M 105.1M 23.9M 19.6M

Cash Flow Trend

Tanger Factory Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 37.58
Forward P/E 37.58
Price to Book 5.89
Price to Sales 6.67
PEG Ratio 2.16

Profitability Ratios

Profit Margin 17.94%
Operating Margin 33.23%
Return on Equity 16.93%
Return on Assets 4.50%

Financial Health

Current Ratio 1.44
Debt to Equity 243.76
Beta 1.36

Per Share Data

EPS (TTM) $0.88
Book Value per Share $5.61
Revenue per Share $5.04

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
skt 3.7B 37.58 5.89 16.93% 17.94% 243.76
Simon Property 67.2B 27.50 24.14 73.08% 35.06% 838.55
Realty Income 54.2B 57.89 1.39 2.36% 16.72% 73.56
Federal Realty 8.6B 24.71 2.73 10.61% 27.94% 130.64
Brixmor Property 8.2B 24.65 2.79 11.54% 25.27% 174.38
NNN REIT 8.0B 20.11 1.82 9.18% 43.90% 106.47

Financial data is updated regularly. All figures are in the company's reporting currency.