profit from every $100 of sales.
$0$100
Tanger
$39.50-0.48% today
+16.8% in 1 year
1-year low $31.631-year high $42.11
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $41.14 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Tanger sold, what it kept, and what it did with the cash.
Sales went from $443 million in 2022 to $582 million in 2025, with $115 million of profit last year.
SalesProfit
Tanger handed back 45% of the cash it generated last year.
$132M
Free cash flow 2025$295M
Bought back its own shares–
Paid as dividends$132M
Cash vs. debt$18M vs. $1.7B
Tanger vs. similar companies
Tanger grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Tanger | 41.1× · Expensive | ||
 Simon Property Group | 19.1× · Fair price | ||
 Realty Income | 53.0× · Expensive | ||
 Kimco Realty | 29.0× · Fair price | ||
 Unibail-Rodamco-Westfield | 10.6× · Cheap |
AI analysis
An AI analyst reads Tanger's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 443 | 464 | 526 | 582 | |
| 299 | 319 | 367 | 405 | |
| 115 | 134 | 151 | 175 | |
| 245 | 261 | 302 | 336 | |
| 82 | 99 | 99 | 115 | |
| 0.77 | 0.92 | 0.88 | 0.99 | |
| 67.5% | 68.7% | 69.8% | 69.7% | |
| 26.0% | 28.8% | 28.6% | 30.2% | |
| 18.5% | 21.4% | 18.7% | 19.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,218 | 2,324 | 2,381 | 2,656 |
| Cash | 212 | 13 | 47 | 18 |
| Total debt | 1,516 | 1,525 | 1,508 | 1,688 |
| Total liabilities | 1,704 | 1,733 | 1,702 | 1,921 |
| 492 | 567 | 652 | 706 | |
| 106 | 107 | 111 | 115 | |
| 5.2% | 5.7% | 6.0% | 6.1% | |
| 16.7% | 17.5% | 15.1% | 16.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 214 | 230 | 261 | 295 | |
| – | – | – | – | |
| 214 | 230 | 261 | 295 | |
| Dividends paid | 84 | 104 | 120 | 132 |
| – | – | – | – | |
| 13 | 13 | 12 | 13 |
Valuation
- 41.1×
- 37.5×
- 4.71
- 6.1×
- 8.1×
- 16.0×
- 19.0×
- 6.3%
- 2.4%
- 3.3%
Profitability
- 69.7%
- 30.2%
- 19.7%
- 59.1%
- 4.2%
- 3.7%
- 18.2%
- 4.4%
- 4.8%
- –
Growth
- +9.5%
- +8.7%
- +88.9%
- +10.1%
- +3.0%
Financial health
- 4.9×
- 2.92
- 69.0%
- 1.7×
- 0.74
- 0.74
- 0.21
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 46%of 743
Bottom 41%of 749
Bottom 16%of 663
Top 41%of 759
Top 45%of 759
What analysts expect
- Average price target
- $35.67
- Range
- $34.00 – $37.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 0.59 | 0.26 | +131.4% |
| Feb 24, 2026 | 0.63 | 0.26 | +145.6% |
| Nov 4, 2025 | 0.60 | 0.58 | +3.4% |
| Aug 4, 2025 | 0.58 | 0.56 | +3.6% |
| Apr 30, 2025 | 0.53 | 0.53 | +0.0% |
| Feb 19, 2025 | 0.54 | 0.52 | +3.8% |
| Nov 6, 2024 | 0.54 | 0.53 | +1.9% |
| Aug 1, 2024 | 0.53 | 0.52 | +1.9% |
3.3%of the share price, paid each year
On $1,000 invested$33a year at today's yield, before tax
+10.1%2020 to 2025
Raised5 yearsin a row, in our data
Paid per share, each year
$1.31 in 2015 → $1.15 in 2025
How safe it looks
115.2% of its profit
Room to growStretchedMore than it earns: 44.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
61Pass
Benjamin Graham
77Pass
Philip Fisher
65Pass
Peter Lynch
55No pass
Joel Greenblatt
44No pass
Charlie Munger
56No pass
Terry Smith
50No pass
Questions about Tanger
Is Tanger a good stock to buy?
A business with weak numbers, but the price is high. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Tanger AI analysis
What does Tanger do?
Tanger Inc. (NYSE: SKT) 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. It is in REIT - Retail, based in Greensboro, NC, United States, with 407 employees.
Does Tanger pay a dividend?
Yes. At today's price the dividend is 3.3% a year, about 115% of its yearly profit. In 2025 it paid out $132 million in dividends.
Is Tanger stock halal?
No. Tanger does not pass our halal screen: its debt is 36% of its market value, at or above the 33% limit. How we check
How has Tanger stock done over the past year?
Up 16.8% over the past twelve months, to $39.50. It traded between $31.63 and $42.11 and is 6.2% below its high.
Who are Tanger's competitors?
The largest listed companies in the same industry are Simon Property Group, Realty Income, Kimco Realty and Unibail-Rodamco-Westfield. The peers table on this page compares their profit, growth and price with Tanger's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.