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Last $34.09 USD
Change Today +0.35 / 1.04%
Volume 783.8K
SKT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

tanger factory outlet center (SKT) Snapshot

Open
$33.72
Previous Close
$33.74
Day High
$34.13
Day Low
$33.57
52 Week High
01/23/15 - $40.80
52 Week Low
09/26/14 - $32.39
Market Cap
3.3B
Average Volume 10 Days
686.1K
EPS TTM
$1.12
Shares Outstanding
95.8M
EX-Date
04/28/15
P/E TM
30.4x
Dividend
$1.14
Dividend Yield
2.95%
Current Stock Chart for TANGER FACTORY OUTLET CENTER (SKT)

tanger factory outlet center (SKT) Related Businessweek News

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tanger factory outlet center (SKT) Details

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. Tanger Factory Outlet Centers, Inc. was founded in 1981, and is based in Greensboro, North Carolina.

289 Employees
Last Reported Date: 02/24/15
Founded in 1981

tanger factory outlet center (SKT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $371.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Senior Vice President of Leasing
Total Annual Compensation: $259.3K
Compensation as of Fiscal Year 2014.

tanger factory outlet center (SKT) Key Developments

Tanger Factory Outlet Centers Inc. Provides Store Closure Plans for Fiscal 2015; Provides Expansion Plans for Fiscal 2015

Tanger Factory Outlet Centers Inc. announced that it currently expect five stores totaling 19,000 feet to close during the second quarter and four stores totaling 11,000 feet to close in the third quarter and the remaining seven stores totaling 18,000 feet in the to close in the fourth quarter. The company also announced that it is on track to deliver four new Tanger Outlet Centers in 2015 totaling 1,360,000 square feet, which will increase the company’s total portfolio by about 10%.

Tanger Factory Outlet Centers Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Tanger Factory Outlet Centers Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenues were $105,926,000 against $102,782,000 a year ago. Operating income was $32,900,000 against $28,367,000 a year ago. Funds from operations available to common shareholders were $49,771,000 or $0.50 per diluted share against $41,445,000 or $0.43 per diluted share a year ago. Adjusted funds from operations available to common shareholders increased 11.1% to $0.50 per share, or $49.8 million. AFFO for the three months ended March 31, 2014 was $0.45 per share, or $44.4 million. Net income available to common shareholders was $34.1 million, or $0.36 per basic and diluted share, as compared to $14.2 million, or $0.15 per basic and diluted share, for the three months ended March 31, 2014. Net income available to common shareholders was positively impacted by a $13.7 million gain on the sale of the company's 50% ownership interest in the Wisconsin Dells, Wisconsin joint venture. Consolidated portfolio same center net operating income increased 4.0%, compared to 3.3% for the three months ended March 31, 2014 and 2.6% for the 12 months ended December 31, 2014. For the year ending December 31, 2015, diluted net income per share is expected to be between $1.50 and $1.56. Diluted FFO per share is expected to be between $2.09 and $2.15 a year ago. The company's earnings estimates for the year ended December 31, 2015 reflect a projected increase in same-center net operating income of approximately 3.0% to 3.5%. Management's initial 2015 guidance included approximately $0.10 per share dilution related to the 2014 sale of the center in Lincoln City, Oregon, the sale of the company's 50% interest in its Wisconsin Dells joint venture, and the sale of three additional properties that were expected to, but did not, close on or before March 31, 2015.

Tanger Outlets at Foxwoods to Celebrate Grand Opening on May 21

Tanger Factory Outlet Centers Inc. and Foxwoods Resort Casino announced that Tanger Outlets at Foxwoods will celebrate the new center's grand opening on May 21 kicking off at 10:00 a.m. with an official ribbon cutting hosted by Drew and Jonathan from the hit show, Property Brothers. The festivities will run through the weekend and will feature personal styling sessions with a People StyleWatch fashion editor, a design workshop with the Property Brothers, an Instagram Tech Lounge, as well as special savings and giveaways. As part of the May 21 grand opening celebrations, Tanger will offer shoppers a chance to meet and greet Jonathan and Drew, as well as attend an exclusive workshop where the brothers will share design-on-a-budget advice. The Scott brothers have nearly 15 years of experience in the real estate industry and have a knack for finding down-and-out fixer-uppers and turning them into perfect properties for clients on their shows.

 

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SKT Competitors

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