SKT
Tanger Inc.
SKT's fundamentals are mixed: revenue grew 11%, while its operating margin rose 1 points to 22%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
SKT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
SKT's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like SKT.
SKT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 27x | $30.37 | -23% |
| Fair | 35x | $38.44 | -3.1% |
| Forward | 35x | $39.69 | — |
| Current | 36x | $39.69 | — |
| Expensive | 39x | $42.96 | +8.2% |
Historical ranges are pointers, not guarantees.
SKT's PE is 36x, but its earnings don't support one, so it isn't a reliable read right now.
SKT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SKT, with profitability improving.
SKT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.14 | +2.5% |
| Q3 2026 | $1.11 | +18% |
| Q2 2026 | $1.10 | +25% |
| Q1 2026 | $1.07 | +27% |
| Q4 2025 | $1.00 | +15% |
| Q3 2025 | $0.94 | +9.3% |
| Q2 2025 | $0.88 | -2.2% |
| Q1 2025 | $0.84 | -7.7% |
| Q4 2024 | $0.87 | -6.5% |
SKT earned $1.11 per share over the past year, up 18% from the year before. Its recent earnings include one-off gains.
SKT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $157.7M | +8.6% |
| Q2 2026 | $156.4M | +11% |
| Q1 2026 | $150.4M | +11% |
| Q4 2025 | $160.3M | +14% |
| Q3 2025 | $145.2M | +9.2% |
| Q2 2025 | $140.7M | +9.1% |
| Q1 2025 | $135.4M | +9.7% |
| Q4 2024 | $140.7M | +10% |
SKT's revenue has grown year over year for 11 quarters in a row: $158M last quarter, up 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -0.4 points |
| Q2 2026 | 20% | -0.4 points |
| Q1 2026 | 17% | +4.3 points |
| Q4 2025 | 30% | +2.3 points |
| Q3 2025 | 20% | +2.3 points |
| Q2 2025 | 20% | +2.3 points |
| Q1 2025 | 13% | -3.9 points |
| Q4 2024 | 27% | +2.4 points |
SKT's operating margin was 20% last quarter, about level with the same quarter a year ago.
SKT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $76.8M | +3.3% |
| Q2 2026 | $93.5M | +14% |
| Q1 2026 | $36.3M | -12% |
| Q4 2025 | $54.1M | -40% |
| Q3 2025 | $74.3M | +14% |
| Q2 2025 | $82M | +13% |
| Q1 2025 | $41.4M | +33% |
| Q4 2024 | $90.8M | +23% |
SKT's free cash flow was $261M over the past year, down 9.7% from the year before. Free cash flow isn't a meaningful measure for real estate companies like SKT.
SKT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +74K shares |
| 1 year | +1.1% | +1.2M shares |
| 3 years | +8.9% | +9.5M shares |
| 5 years | +12% | +12.5M shares |
| Available history | +26% | +23.6M shares |
SKT has 116M diluted shares, up 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $20M |
| Q4 2025 | — |
| Q4 2024 | — |
| Q4 2023 | — |
| Q4 2022 | — |
| Q4 2021 | — |
SKT spent $20M buying back its own shares over the past year.
SKT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.4x | High |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 5.7x | High |
| Q4 2025 | 6.0x | High |
| Q3 2025 | 6.1x | High |
| Q2 2025 | 5.9x | High |
| Q1 2025 | 6.2x | High |
| Q4 2024 | 5.9x | High |
SKT's net debt is about 5.4 years of its operating earnings (EBITDA), down from 6.1 years a year ago. Net leverage isn't a meaningful measure for real estate companies like SKT.
SKT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 63.5 | Neutral |
SKT's weekly RSI is 62 (neutral) and its Stochastic is 64 (neutral).
SKT PE vs Real Estate Sector
| Metric | SKT | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 50% above |
| PE % | 60 | 23 | 37 pts above |
SKT is trading at 36x earnings, a 50% premium to the Real Estate sector's median of 24x, though its earnings don't support one.
SKT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.5 | 8.8% above |
| 20 week MA | $37.9 | 4.6% above |
| 50 week MA | $36.4 | 9.1% above |
| 100 week MA | $34.4 | 15% above |
| 200 week MA | $30.1 | 32% above |
SKT is in an uptrend: it's above all five of its weekly moving averages, and 32% above its 200-week average.
SKT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $10.4 | -31% |
| 2021 | $10.4 | $19.2 | +85% |
| 2022 | $19.2 | $18.2 | -5.6% |
| 2023 | $18.2 | $27.7 | +53% |
| 2024 | $27.7 | $34.0 | +23% |
| 2025 | $34.0 | $34.0 | -0.1% |
| 2026 YTD | $34.0 | $39.7 | +17% |
SKT has finished lower in three of the last six years. It's up 17% so far in 2026.