(SKT) Tanger Factory Outlet - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US8754651060
Stock: Outlet Centers, Open-Air Lifestyle Centers, Retail Leasing
Total Rating 27
Risk 54
Buy Signal -0.19
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.71% |
| Yield on Cost 5y | 9.94% |
| Yield CAGR 5y | 12.63% |
| Payout Consistency | 98.4% |
| Payout Ratio | 1.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.2% |
| Relative Tail Risk | -5.89% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.12 |
| Alpha | -10.59 |
| Character TTM | |
|---|---|
| Beta | 0.765 |
| Beta Downside | 1.001 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.96% |
| CAGR/Max DD | 1.27 |
Description: SKT Tanger Factory Outlet January 12, 2026
Tanger Factory Outlet Centers Inc. (NYSE: SKT) is a publicly traded REIT that owns and operates 38 outlet malls and three open-air lifestyle centers across 22 U.S. states and Canada, encompassing more than 16 million sq ft of retail space and housing over 3,000 stores from 800+ brands. The company, with 44 years in the outlet-shopping segment, filed a Form 8-K covering the quarter ended September 30 2025.
Key operating metrics from the latest quarter show an occupancy rate of roughly 96.5% and a 4% year-over-year increase in same-store net operating income, supporting a dividend yield near 5.8%. The outlook is heavily tied to consumer discretionary spending, tourism flows to destination markets, and the broader REIT cost-of-capital environment, which is sensitive to prevailing interest-rate trends.
For a deeper quantitative assessment, you may find ValueRay’s detailed valuation metrics and scenario analysis worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 107.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.13 > 1.0 |
| NWC/Revenue: -19.27% < 20% (prev -14.76%; Δ -4.51% < -1%) |
| CFO/TA 0.11 > 3% & CFO 292.0m > Net Income 107.8m |
| Net Debt (1.69b) to EBITDA (322.1m): 5.25 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (114.6m) vs 12m ago 3.97% < -2% |
| Gross Margin: 69.49% > 18% (prev 0.70%; Δ 6879 % > 0.5%) |
| Asset Turnover: 22.89% > 50% (prev 22.54%; Δ 0.35% > 0%) |
| Interest Coverage Ratio: 2.76 > 6 (EBITDA TTM 322.1m / Interest Expense TTM 63.7m) |
Altman Z'' -0.75
| A: -0.04 (Total Current Assets 50.2m - Total Current Liabilities 158.5m) / Total Assets 2.64b |
| B: -0.20 (Retained Earnings -529.0m / Total Assets 2.64b) |
| C: 0.07 (EBIT TTM 176.0m / Avg Total Assets 2.46b) |
| D: -0.29 (Book Value of Equity -556.8m / Total Liabilities 1.90b) |
| Altman-Z'' Score: -0.75 = B |
Beneish M -2.97
| DSRI: 1.07 (Receivables 57.9m/49.3m, Revenue 562.0m/512.8m) |
| GMI: 1.00 (GM 69.49% / 69.74%) |
| AQI: 0.99 (AQ_t 0.95 / AQ_t-1 0.96) |
| SGI: 1.10 (Revenue 562.0m / 512.8m) |
| TATA: -0.07 (NI 107.8m - CFO 292.0m) / TA 2.64b) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of SKT shares?
As of February 10, 2026, the stock is trading at USD 33.63 with a total of 644,841 shares traded.
Over the past week, the price has changed by +4.51%, over one month by -0.52%, over three months by -0.93% and over the past year by +5.40%.
Over the past week, the price has changed by +4.51%, over one month by -0.52%, over three months by -0.93% and over the past year by +5.40%.
Is SKT a buy, sell or hold?
Tanger Factory Outlet has received a consensus analysts rating of 3.80.
Therefor, it is recommend to hold SKT.
- StrongBuy: 3
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SKT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36.8 | 9.5% |
| Analysts Target Price | 36.8 | 9.5% |
| ValueRay Target Price | 41.7 | 24% |
SKT Fundamental Data Overview February 05, 2026
P/E Trailing = 33.6489
P/E Forward = 27.7778
P/S = 6.2975
P/B = 5.1474
P/EG = 3.6521
Revenue TTM = 562.0m USD
EBIT TTM = 176.0m USD
EBITDA TTM = 322.1m USD
Long Term Debt = 1.55b USD (from longTermDebt, last quarter)
Short Term Debt = 60.0m USD (from shortTermDebt, last quarter)
Debt = 1.70b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.69b USD (from netDebt column, last quarter)
Enterprise Value = 5.31b USD (3.62b + Debt 1.70b - CCE 13.0m)
Interest Coverage Ratio = 2.76 (Ebit TTM 176.0m / Interest Expense TTM 63.7m)
EV/FCF = 21.40x (Enterprise Value 5.31b / FCF TTM 248.2m)
FCF Yield = 4.67% (FCF TTM 248.2m / Enterprise Value 5.31b)
FCF Margin = 44.17% (FCF TTM 248.2m / Revenue TTM 562.0m)
Net Margin = 19.18% (Net Income TTM 107.8m / Revenue TTM 562.0m)
Gross Margin = 69.49% ((Revenue TTM 562.0m - Cost of Revenue TTM 171.5m) / Revenue TTM)
Gross Margin QoQ = 69.83% (prev 71.30%)
Tobins Q-Ratio = 2.02 (Enterprise Value 5.31b / Total Assets 2.64b)
Interest Expense / Debt = 0.97% (Interest Expense 16.4m / Debt 1.70b)
Taxrate = 21.0% (US default 21%)
NOPAT = 139.0m (EBIT 176.0m * (1 - 21.00%))
Current Ratio = 0.32 (Total Current Assets 50.2m / Total Current Liabilities 158.5m)
Debt / Equity = 2.42 (Debt 1.70b / totalStockholderEquity, last quarter 703.6m)
Debt / EBITDA = 5.25 (Net Debt 1.69b / EBITDA 322.1m)
Debt / FCF = 6.81 (Net Debt 1.69b / FCF TTM 248.2m)
Total Stockholder Equity = 656.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 107.8m / Total Assets 2.64b)
RoE = 16.43% (Net Income TTM 107.8m / Total Stockholder Equity 656.3m)
RoCE = 7.97% (EBIT 176.0m / Capital Employed (Equity 656.3m + L.T.Debt 1.55b))
RoIC = 6.36% (NOPAT 139.0m / Invested Capital 2.19b)
WACC = 6.18% (E(3.62b)/V(5.33b) * Re(8.73%) + D(1.70b)/V(5.33b) * Rd(0.97%) * (1-Tc(0.21)))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.10%
[DCF Debug] Terminal Value 86.26% ; FCFF base≈224.4m ; Y1≈250.3m ; Y5≈329.6m
Fair Price DCF = 62.75 (EV 8.88b - Net Debt 1.69b = Equity 7.19b / Shares 114.5m; r=6.18% [WACC]; 5y FCF grow 13.34% → 2.90% )
EPS Correlation: -12.00 | EPS CAGR: -45.35% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.76 | Revenue CAGR: 6.61% | SUE: 0.72 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=1.12 | Chg30d=+0.023 | Revisions Net=+1 | Growth EPS=+15.6% | Growth Revenue=+3.9%
P/E Forward = 27.7778
P/S = 6.2975
P/B = 5.1474
P/EG = 3.6521
Revenue TTM = 562.0m USD
EBIT TTM = 176.0m USD
EBITDA TTM = 322.1m USD
Long Term Debt = 1.55b USD (from longTermDebt, last quarter)
Short Term Debt = 60.0m USD (from shortTermDebt, last quarter)
Debt = 1.70b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.69b USD (from netDebt column, last quarter)
Enterprise Value = 5.31b USD (3.62b + Debt 1.70b - CCE 13.0m)
Interest Coverage Ratio = 2.76 (Ebit TTM 176.0m / Interest Expense TTM 63.7m)
EV/FCF = 21.40x (Enterprise Value 5.31b / FCF TTM 248.2m)
FCF Yield = 4.67% (FCF TTM 248.2m / Enterprise Value 5.31b)
FCF Margin = 44.17% (FCF TTM 248.2m / Revenue TTM 562.0m)
Net Margin = 19.18% (Net Income TTM 107.8m / Revenue TTM 562.0m)
Gross Margin = 69.49% ((Revenue TTM 562.0m - Cost of Revenue TTM 171.5m) / Revenue TTM)
Gross Margin QoQ = 69.83% (prev 71.30%)
Tobins Q-Ratio = 2.02 (Enterprise Value 5.31b / Total Assets 2.64b)
Interest Expense / Debt = 0.97% (Interest Expense 16.4m / Debt 1.70b)
Taxrate = 21.0% (US default 21%)
NOPAT = 139.0m (EBIT 176.0m * (1 - 21.00%))
Current Ratio = 0.32 (Total Current Assets 50.2m / Total Current Liabilities 158.5m)
Debt / Equity = 2.42 (Debt 1.70b / totalStockholderEquity, last quarter 703.6m)
Debt / EBITDA = 5.25 (Net Debt 1.69b / EBITDA 322.1m)
Debt / FCF = 6.81 (Net Debt 1.69b / FCF TTM 248.2m)
Total Stockholder Equity = 656.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 107.8m / Total Assets 2.64b)
RoE = 16.43% (Net Income TTM 107.8m / Total Stockholder Equity 656.3m)
RoCE = 7.97% (EBIT 176.0m / Capital Employed (Equity 656.3m + L.T.Debt 1.55b))
RoIC = 6.36% (NOPAT 139.0m / Invested Capital 2.19b)
WACC = 6.18% (E(3.62b)/V(5.33b) * Re(8.73%) + D(1.70b)/V(5.33b) * Rd(0.97%) * (1-Tc(0.21)))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.10%
[DCF Debug] Terminal Value 86.26% ; FCFF base≈224.4m ; Y1≈250.3m ; Y5≈329.6m
Fair Price DCF = 62.75 (EV 8.88b - Net Debt 1.69b = Equity 7.19b / Shares 114.5m; r=6.18% [WACC]; 5y FCF grow 13.34% → 2.90% )
EPS Correlation: -12.00 | EPS CAGR: -45.35% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.76 | Revenue CAGR: 6.61% | SUE: 0.72 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=1.12 | Chg30d=+0.023 | Revisions Net=+1 | Growth EPS=+15.6% | Growth Revenue=+3.9%